Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Bucharest Stocks Open Strong, On Renewed Optimism
The Bucharest bourse opened Thursday with a solid increase, on positive sentiment coming from the conclusions of the EU summit, where leaders agreed on measures to counter the economic crisi...
Banca Transilvania Reports 53% YY Rise In Jan-Sep Net Profit, To RON106.9M
Lender Banca Transilvania (TLV.RO) on Thursday reported a net profit of 106.9 million lei (EUR25.4 million) for the first nine months of the year, up 53% from RON69.7 million in the same int...
Bucharest Stocks Close Flat, On Low Volumes
The Bucharest bourse closed Wednesday roughly flat on the day, on low traded volumes, with investors awaiting EU leader summit conclusions.
Rosia Montana Gold Corporation Cuts Share Face Value To Cover Loss
Rosia Montana Gold Corporation (RMGC) on Wednesday said it will reduce its share capital by 252.7 million lei (EUR58.39 million), to RON359.8 million, from RON612.6 million, by diminishing t...
Flanco Expects Switch To EUR1m Net Profit By Yearend
Electronics retailer Flanco expects to conclude this year with sales of EUR110 million, up 38% on the year, and a net profit of EUR1 million, Wednesday said the company’s general manager, Ad...
Carrefour Romania Takes EUR30M Loan From Danish Peer For New Units
Carrefour Romania has borrowed EUR30 million from the Danish subsidiary of the French group, and it plans to launch to hypermarkets in Romania, according to an announcement published Wednesd...
Hidroelectrica Lacks The Means To Terminate Direct Sale Contracts
State-owned hydropower producer Hidroelectrica does not have the means to terminate its direct sale contracts, which are “perhaps” concluded over “too extended” periods, Wednesday said the c...
Romania May Reduce The Aid Fund For Renewable Energy Producers
The number of green certificates granted to renewable energy producers may be reduced within two years, if authorities learn that the investment was overestimated, Wednesday said Bogdan Chir...
Opus Land To Develop 1,200 Flats By 2015 In N Bucharest, With EUR55M
Realty developer Opus Land Development on Wednesday said it plans to develop over 1,000 apartments and 200 villas in the Cosmopolis compound near Bucharest, with an investment over some EUR5...
Minor Stakes In State-Owned Companies Will Not Draw Big Players – E.ON
Large players on the energy market will not be interested in the minority stakes sold by Romania in state-owned companies, Wednesday said Frank Hajdinjak, chief executive officer of E.ON Rom...
Romania To Privatize Oltchim By May 2012 – State Sec
Romanian state-owned chemical company Oltchim (OLT.RO) will be privatized by April-May 2012, Wednesday said Karoly Brobely, secretary of state within the Economy Ministry.
Farmexpert Sees 2011 Sales Up 10% YY, To EUR400M
Medicine wholesaler Farmexpert on Wednesday said it expects sales to reach EUR400 million by the end of this year, up 10% from EUR362.8 million in 2010.