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Andrei Cîrchelan

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

Leu Opens Flat On The Day, Peers Weaken

The leu opened Tuesday flat on the day, despite moderate corrections seen by other currencies in the region.

Andrei Cîrchelan · 25.10.2011 · 10:43 · 1 min
Capital Market

Bucharest Stocks Close Slightly Up, Eyes On Financials

The Bucharest bourse closed slightly up Monday, on low traded volumes, with the bulk of activity focused on the shares of Fondul Proprietatea (FP.RO) and the bank stocks.

Andrei Cîrchelan · 24.10.2011 · 17:08 · 1 min
Retail&Consumer

Retail Center Association Manages Spar Franchise In Romania

Brasov-based Retail Center Association (RCA) is the new owner, starting October 1, for the Spar supermarket franchise in Romania, previously owned by Astral Impex, a company controlled by th...

Andrei Cîrchelan · 24.10.2011 · 17:02 · 1 min
Capital Market

Intercontinental Bucuresti Holders Reject RON40M Share Capital Hike

The shareholders of Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO) on Monday rejected a 40 million lei (EUR9.25 million) share capital increase proposed by T...

Andrei Cîrchelan · 24.10.2011 · 15:32 · 1 min
Ousted SSIF Broker Chief To Challenge Dismissal In Court
HR

Ousted SSIF Broker Chief To Challenge Dismissal In Court

The ousted general manager of brokerage firm SSIF Broker (BRK.RO) on Monday said he considers the managing board’s decision, to dismiss him, an abuse and he will challenge this action in cou...

Andrei Cîrchelan · 24.10.2011 · 14:07 · 1 min
HR

SSIF Broker Board Fires General Manager

The managing board of Romanian brokerage firm SSIF Broker (BRK.RO) decided to dismiss general manager Girgore Chis, as a disciplinary measure, according to a report published on the Buchares...

Andrei Cîrchelan · 24.10.2011 · 13:46 · 1 min
Total Soft Sees ’11 Sales Up 20% On Year, To EUR25M
Technology &Telecoms

Total Soft Sees ’11 Sales Up 20% On Year, To EUR25M

The sales of IT firm Total Soft may rise by 20%-25% this year, to EUR25 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) may rise by 35% on the year, to...

Andrei Cîrchelan · 24.10.2011 · 13:03 · 2 min
Capital Market

Bucharest Stocks Open In The Green, On Positive Sentiment

The Bucharest Stock Exchange opened Monday with an increase, on moderate traded values, while players were focusing mainly on Fondul Proprietatea (FP.RO) and issuers active on the financial...

Andrei Cîrchelan · 24.10.2011 · 10:58 · 1 min
Capital Market

Leu Opens Weaker Vs Euro, Eyes On EU Leaders

The leu opened Monday slightly weaker against the euro, as players expect European leaders to come up with a solution to the economic crisis within the next several days.

Andrei Cîrchelan · 24.10.2011 · 10:47 · 1 min
Energy

Hidroelectrica: None Of Our Contracts Can Be Considered State Aid

The management of Romanian state-owned hydropower producer Hidroelectrica on Friday said that none of the bilateral contracts it has concluded to sell electricity, including the ones with Al...

Andrei Cîrchelan · 21.10.2011 · 19:25 · 1 min
Retail&Consumer

Lasselsberger To Decide On Lawsuit Against Sanex Management

Austrian group Lasselsberger will discuss late-October whether it sues the managing board of Romanian ceramic tiles maker Sanex, a firm it controls.

Andrei Cîrchelan · 21.10.2011 · 18:08 · 1 min
Capital Market

Bucharest Stocks Close Up, On Endgame Rally

The Bucharest bourse closed up Friday, lifted by a rally in the last part of the session, as U.S. markets opened higher on hopes the European leaders will find a solution this weekend to fig...

Andrei Cîrchelan · 21.10.2011 · 17:14 · 1 min