Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Leu Opens Weaker Vs Euro, Amid Market Apathy
The leu opened Wednesday slightly weaker against the euro, in a quiet market with low traded volumes.
OMV Petrom Contracts EUR930M Syndicated Loan
Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for ge...
Alcedo To Expand Storage Capacity With Sumitomo Money
Japanese giant Sumitomo plans to increase the storage capacity of recently acquired Romanian company Alcedo, by building new silos, as well as to build a granulated products unit, which woul...
Bucharest Stocks Close Down, SIFs Dive 5%
The Bucharest bourse closed Tuesday on a downward trend, and the five regional investment funds, or SIFs, slumped amid news that the planned stake cap talks in Parliament were postponed agai...
Hidroelectrica Goes To Court To Keep Force Majeure
Romanian hydropower producer Hidroelectrica went to court in a bid to maintain its drought-sparked force majeure status, challenging the force majeure acknowledgment withdrawal by the Chambe...
FIC: Romania Needs To Draw More Investments To Energy
Romania has major potential for growth on the energy segment, but exploitation requires large investment, which will be not drawn from private investors as long as policies are not consisten...
Hidroelectrica Asks Regulator For 50% Hike In Electricity Price
Romanian hydropower producer Hidroelectrica asked energy regulator ANRE to allow a price increase of up to 50%, starting January 1, on the electricity it delivers, since costs have increased...
Online Transaction Integrator ePayment Appoints New Country Manager
Online payment integrator ePayment on Tuesday announced that head of business development & strategy Cristian Herghelegiu was promoted to the position of country manager, replacing Daniel Ni...
IKEA Romania Posts RON362M Sales In Catalog Year 2011
Furniture retailer IKEA registered sales of 361.8 million lei (EUR82.96 million) in Romania between September 1, 2010 and August 31, 2011, up 10.5% on the year.
Bucharest Stocks Undecided In Early Trade, Azomures Soars
The Bucharest bourse opened Tuesday with a moderate increase, on low traded values, but it soon turned negative, while investors were mainly focusing on financials and chemical company Azomu...
Bucharest Stocks Close Down, SIFs Lose More Than 3%
The Bucharest bourse closed Monday in the red, on moderate traded values, with a sharper decline posted by the regional investment funds (SIFs) following last week's large increases.
Bucharest Stocks Close Down 1%, SIFs Stay In Green
The Bucharest bourse closed down 1% Friday, on moderate traded values, while the five regional investment funds, or SIFs, managed to stay in the green.