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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Oresa Ventures Takes Over RTC Proffice Experience From RTC
Swedish private equity firm Oresa Ventures has taken over office supplies distributor RTC Proffice Experience, part of the RTC group, which is owned by businessman Octavian Radu.
Bucharest Stocks Close Down, SIFs Stay In Green
The Bucharest bourse closed down Monday, on low traded values, while the five regional investment funds, or SIFs, managed to stay in positive territory.
Transelectrica SPO Most Likely Launched In Spring 2012 - Brokers
The public offer whereby the Romanian Economy Ministry wants to sell 15% in national power grid operator Transelectrica (TEL.RO) will most likely be launched in spring next year, one of the...
Otter Distribution Posts Higher Sales, Operating Profit In First 9 Months
Romanian footwear retailer Otter Distribution on Monday said it has reported an operating profit of EUR1.3 million in January to September, 17% higher than in the same period a year before.
Investors Drop EU Funds As Romania's Renewable Enegy Support Scheme Is Generous Enough
A series of investors in renewable energy decided to give up EU funding to finance their projects, and chose the green certificate support scheme, which gives them higher profit and frees up...
Economy Ministry Contracts Broker For Transelectrica SPO
Romania’s Economy Ministry on Monday signed a contract with the consortium set to broker the sale of a 15% stake in power grid operator Transelectrica (TEL.RO).
Transilvania Constructii Jan-Sep Net Profit Jumps To RON1.3M
Romanian construction firm Transilvania Constructii (COTR.RO) Monday reported a net profit of 1.3 million lei (EUR323,000) for the first nine months, compared to RON49,000 in the same interv...
Renewable Energy Support Scheme Will Not Cause Bills To Skyrocket - Ministry Official
The energy price increase caused by the Romanian support scheme for renewable energy is not a very large sum, it's "only a few lei extra," Monday said Mircea Cotosman, adviser on environment...
Electroarges 9-Month Net Profit Flat On Year At RON5.36M
Romanian household appliance maker Electroarges (ELGS.RO) on Monday reported a net profit of 5.36 million lei (EUR1.23 million) for the first nine months, roughly the same as RON5.4 million...
Concefa Reports RON11.5M Loss In First 9 Months
Romanian construction company Concefa Sibiu (COFI.RO) Monday reported a loss of 11.5 million lei (EUR2.7 million) in the first nine months, from a net profit of RON2.3 million in the same pe...
Oltchim Posts RON110M Loss In 3Q
Romanian state-owned chemical company Oltchim (OLT.RO) Monday reported a loss of some 110 million lei (EUR26 million) in the third quarter, cumulating a negative result of RON179.7 million i...
Oltchim Sends 1,000 Employees Into Furlough
Romanian state-run chemical plant Oltchim on Monday announced it will sent some 1,000 employees into furlough, between November 15 and 30, continuing a cost cut program launched in August be...