Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Romania's Thermopane Market Seen At EUR350M In 2011
Romania's thermopane market could decline in value to EUR350 million this year, from EUR500 million in 2010, and the best case scenario points to an overall value of EUR400 million, Tuesday...
SNLO To Lay Off 300 People By Yearend
Romanian state-owned mining company SNLO, one of the main coal suppliers for thermal power plants, will lay off 300 employees by the end of the year.
Government Inks Brokerage Deal For Tarom IPO
The Government reversed its decision to cancel the auction selecting a broker for the sale of a 20% stake in airline Tarom, after the rejected sole bidder changed its offer and halved the co...
SIF Muntenia Transfers Minor BCR Stake To Erste, Collects RON70.1M
Regional investment fund SIF Muntenia (SIF4.RO) collected 70.1 million lei (EUR16.1 million) from Austrian Erste, representing the cash component delivered this year in the deal whereby the...
SIF Moldova Collects RON123.6M For BCR Stake
Regional investment fund SIF Moldova (SIF2.RO) collected 123.6 million lei (EUR28.39 million) from Austrian Erste for the 6% stake it held in lender BCR.
Bucharest Stocks Close Up, SIFs Decline
The Bucharest bourse closed Monday with a solid increase, on low traded values, while the five regional investment funds, or SIFs, dropped 1.8% on average.
Willbrook International Romania CEO Resigns
Realty developer Willbrook International on Monday announced that chief executive officer Daiana Voicu resigned citing personal reasons, and chief operations officer George Ispas will replac...
Romania's Government Aims To Collect EUR40M From Tarom IPO
The Romanian government expects to collect between EUR20 million and EUR60 million for the 20% stake it plans to sell in airline Tarom on the local stock market.
NEPI Gets EUR40M In Share Capital Hike
South-African realty investment fund New Europe Property Investments (NEP.RO) on Monday announced it has drawn EUR40 million from shareholders and investors within a share capital increase,...
Ariton: Headhunters To Receive Just EUR50k For Finding CEOs At State Firms
Contracts for the recruitment of private management at Romanian state-owned companies will be concluded for EUR50,000-EUR60,000, while EUR250,000 is the contract value ceiling, Economy Minis...
Furniture Maker Cotta International Sees 2011 Sales Up To EUR65M
Furniture maker Cotta International Arad on Monday announced that it expects sales to reach EUR65 million this year, mainly based on exports.
Mega Image To Launch Two Revamped G'Market Units By Yearend In Bucharest
Retailer Mega Image, owned by Belgian group Delhaize, Monday announced it has received the clearance from Romanian competition authorities to buy three G'Market stores, and two of the units...