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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Capital Market

Bucharest Stocks Open Up, Fall Early, Amid Market Apathy

The Bucharest bourse opened Wednesday with a slight increase, but they soon fell below par, on little to no trading.

Andrei Cîrchelan · 26.10.2011 · 10:58 · 1 min
Capital Market

Leu Opens Flat Against Euro, Players Await Summit Conclusions

The leu opened Wednesday nearly flat against the euro, as players on international markets await the conclusions of the EU leaders summit.

Andrei Cîrchelan · 26.10.2011 · 10:43 · 1 min
Capital Market

Bucharest Stocks Close Down, On Endgame Slump

The Bucharest bourse closed Tuesday with a slight decrease, on low traded values, with investors focusing mainly on Fondul Proprietatea (FP.RO) and the shares of banks.

Andrei Cîrchelan · 25.10.2011 · 17:06 · 1 min
Real Estate

Pharmacy Chain Operator Siepcofar Moves Headquarters To S Bucharest

Drugstore chain operator Siepcofar has moved its headquarters to the Sun Offices building where it has rented 1,000 square meters, Tuesday said Colliers, the building’s new rental agent.

Andrei Cîrchelan · 25.10.2011 · 16:44 · 1 min
Romanian Athenee Palace Hilton Appoints New Sales Director
HR

Romanian Athenee Palace Hilton Appoints New Sales Director

Athenee Palace Hilton Bucuresti, owned by businessman George Copos, on Tuesday announced the appointment of Yann Marteau as development director in charge with the hotel’s sales strategy.

Andrei Cîrchelan · 25.10.2011 · 16:38 · 1 min
Rombat Reports EUR33M Sales From Exports In Jan-Sep
Automotive

Rombat Reports EUR33M Sales From Exports In Jan-Sep

Car battery maker Rombat Bistrita on Tuesday said it has achieved exports worth EUR33 million in the first nine months of the year, and it has entered two new markets, namely South Africa an...

Andrei Cîrchelan · 25.10.2011 · 16:32 · 1 min
Retail&Consumer

Caelum Development Starts Construction On ParkLake Plaza Mall In Bucharest

Irish group Caelum Development has started construction of the ParkLake Plaza mall in Bucharest, with an investment of EUR250 million.

Andrei Cîrchelan · 25.10.2011 · 14:50 · 1 min
Agricola Bacau Plans EUR3M Investment In 100 New Stores
Retail&Consumer

Agricola Bacau Plans EUR3M Investment In 100 New Stores

Agricola Bacau, one of the largest local poultry meat producers, on Tuesday said it will invest some EUR3 million to launch over 100 stores over the next two years.

Andrei Cîrchelan · 25.10.2011 · 13:49 · 1 min
Intercapital Invest Posts RON1.7M Turnover In Jan-Sep
Capital Market

Intercapital Invest Posts RON1.7M Turnover In Jan-Sep

Brokerage firm Intercapital Invest on Tuesday reported a 22% year-on-year drop in its Jauary-September turnover, to 1.7 million lei (EUR0.4 million), from RON2.28 million in the same interva...

Andrei Cîrchelan · 25.10.2011 · 13:18 · 1 min
Energy Prices Should Rise In Double-Digits For Industrial Consumers - Assoc
Energy

Energy Prices Should Rise In Double-Digits For Industrial Consumers - Assoc

The price of gas and electricity for Romania’s industrial consumers should rise by two digits, since current levels are unsustainable, Tuesday said Frank Hajdinjak, president of utilities co...

Andrei Cîrchelan · 25.10.2011 · 11:13 · 1 min
Capital Market

Bucharest Stocks Open Down, Amid Market Apathy

The Bucharest bourse opened Tuesday with minor oscillation, on low traded values, while the indexes tracking energy companies and the main lending funds were managing to stay in the green.

Andrei Cîrchelan · 25.10.2011 · 11:05 · 1 min
Banks-Insurance

Private Lending +2.7% On Month To RON221.4B In September

Private lending rose 2.7% in real terms to 221.4 billion lei (EUR51.21 billion) in September compared to August, central bank data showed Tuesday.

Andrei Cîrchelan · 25.10.2011 · 10:58 · 1 min