Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
DTZ: Romania’s Real Estate Debt Funding Gap At $2B
The debt funding gap on commercial real estate in Romania stagnated at some $2 billion in the first nine months, namely 5% of the overall investment, a percentage similar to the one in UK, b...
International Giant Sumitomo To Take Over Romanian Alcedo
Japanese group Sumitomo will take over 90% of Romanian fertilizer supplier Alcedo within a transaction approved early November by the Competition Council and set for conclusion in the near f...
GlaxoSmithKline Completes $7M Investment At Brasov Plant
UK medicine maker GlaxoSmithKline (GSK) on Tuesday announced it has completed a $7 million investment in two production lines at the plant it owns in central Romanian city of Brasov..
UniCredit Tiriac Bank 9-Month Net Profit Down 43% To RON122M
Romanian lender UniCredit Tiriac Bank on Tuesday reported a 43% year-on-year drop in its nine-month profit, to 122 million lei (EUR29 million), as harsh economic conditions and legislation c...
Fondul Proprietatea Net Asset Value Up 2.2% In October, To RON15B
The net asset value of Romanian investment fund Fondul Proprietatea (FP.RO) rose 2.24% on the month in October, to 14.944 billion lei (EUR3.44 billion), as the Bucharest market started to re...
Fondul Proprietatea 3Q Investments Focused On Lenders
Investment fund Fondul Proprietatea (FP.RO) continued to buy stock on the Bucharest bourse in the third quarter, increasing its stakes in Banca Transilvania (TLV.RO), BRD (BRD.RO), Alro (ALR...
Bucharest Stocks Open Up, On Quiet Trading
The Bucharest Stock Exchange opened Tuesday with a modest increase, on low traded volumes, while players were mainly targeting Fondul Proprietatea (FP.RO), the five SIFs and Oltchim (OLT.RO)...
Leu Opens Mildly Weaker Vs Euro, In Line With Region
The leu opened Tuesday with a slight weakening tendency against the euro, on low traded volumes, while other currencies in the region were seeing similar developments.
Alro Reports 70% Hike In 9-Month Net Profit, To RON222M
Aluminum maker Alro Slatina (ALR.RO) reported a 70.7% year-on-year hike in its nine-month net profit, to 222.4 million lei (EUR52.8 million), compared to RON131.4 million in the same interva...
SIF Transilvania Signs Deal To Sell BCR Stake
Regional investment fund SIF Transilvania (SIF3.RO) on Monday signed a deal to sell to Austrian Erste Group Bank (EBS.RO) the 6% stake it owns in lender Banca Comerciala Romana, or BCR, unde...
Prodplast 9-Mo Net Profit Up 43% YY To RON2M
Plastic items maker Prodplast Bucuresti (PPL.RO) registered a 43% year-on-year increase in its nine-month profit, to 2 million lei (EUR0.46 million) from RON1.4 million.
Dafora Nine-Month Sales Fall 20% To RON115.3M
Drilling and construction firm Dafora Medias (DAFR.RO), owned by businessman Gheorghe Calburean, on reported a 20% drop in nine-month sales, to 115.3 million lei (EUR27.4 million), from RON1...