Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Leu Weakens Vs Euro, Following Region
The Romanian leu opened Friday nearly flat on the day, but it soon entered a downward trend, following the other currencies in the region, on fears of the sovereign debt crisis and the outlo...
Bucharest Stocks Close Down, On Endgame Slump
The Bucharest bourse closed down Thursday, on low traded volumes, after staying afloat throughout most of the session and declining in the final minutes of trading.
Romania’s Real Estate Market Will Only Recover If Costs Drop
The Romanian real estate market’s recovery depends on decreasing the costs of land, taxes and infrastructure, so that the construction price nears a level that buyers can afford, Thursday sa...
European Commission Takes Bulgaria, Romania To Court On Gas Market Transparency Flaws
The European Commission took Romania and Bulgaria to the European Court of Justice, claiming the two states do not offer backhaul at all interconnection points, which blocks newcomers to the...
Basescu: Romania Maintains Goal To Enter Euro Area In 2015
Romanian President Traian Basescu on Thursday reiterated Romania’s objective to join the euro area in 2015, adding that “it’s always good to have ambitious goals”.
Raiffeisen Romania Net Profit Down 29% To EUR60M In Jan-Sep
Raiffeisen Bank International on Thursday reported a profit after tax of EUR60 million in Romania between January and September, down 29.1% from EUR85 million on the same interval of 2010, o...
Bucharest Stocks Up In Quiet Early Trade
The Bucharest bourse opened Thursday with an increase, on low traded values, with investors focusing mainly on the shares of Fondul Proprietatea (FP.RO) and the five regional investment fund...
Romania President Scolds Foreign Banks For “Lack Of Fair Play”
Romanian president Traian Basescu on Thursday said that the banks of European states obtained “gigantic profits” in Romania, and preparing to leave the country unfunded during the crisis wou...
Bucharest Stocks Close Down, On Lackluster Trading
The Bucharest bourse closed Wednesday with a decline, on low traded volumes, while the bulk of activity focused on the shares of investment funds and those of lenders.
Developers To Deliver 25,000 Sqm Of Office Premises In Bucharest In 4Q
Developers will complete office buildings in Bucharest with a total surface of 25,000 square meters in the final three months of the year, half of the surface launched in the third quarter,...
SAP Romania Launches New IT Consultancy Center
SAP Romania launched Wednesday an IT consultancy center for the clients of German group SAP in Europe, the Middle East and Africa, and it plans an investment of EUR30-40 million in the unit.
Bucharest Stocks Open Down, Eyes On Financials
The Bucharest bourse opened Wednesday with a decline, on low traded volumes, while the bulk of activity was focusing on the main investment funds and on lenders.