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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Rompetrol Rafinare Sees 2012 Loss Narrowing To $86M
Romanian Rompetrol Rafinare SA (RRC.RO), which clusters the refinery operations of oil group Rompetrol, expects to reduce its loss this year to $86 million, from $167.4 million in 2011.
UniCredit Tiriac Bank Might Issue Covered Bonds
Romanian lender UniCredit Tiriac Bank is interested in issuing covered bonds, depending on legislation and costs, as a method to obtain long-term financing, the bank’s chief executive office...
Palatul Universul Owner Goes Insolvent
The Bucharest Court approved an insolvency claim filed by Cyprus-registered BJJ Universul Development, owner of landmark building Palatul Universul in Bucharest, since it is unable to pay de...
UniCredit Tiriac Bank Cuts RON0.5B Off Provisions After IFRS Introduction
Romanian lender UniCredit Tiriac Bank freed up some 550 million lei (EUR125.7 million) from its provisions by switching to international financial reporting standards (IFRS) from the local s...
Carpatcement Posts Single-Digit Increase In 2011 Sales
Carpatcement, the Romanian unit of German construction materials producer HeidelbergCement, posted a single-digit increase in sales last year, from EUR214 million in 2010.
Romania’s Government OKs Chevron For Shale Gas Drilling
Romania’s government approved the exploration and drilling agreements concluded between local mineral resources agency ANRM and US oil group Chevron for three Black Sea blocks.
Bayfront Will Pool Investors To Finance Cupru Min Acquisition
Canadian Bayfront Capital Partners, sole shareholder of Roman Copper, will call on investors from Canada, Europe and the US to pay for the purchase of Romanian copper mining firm Cupru Min,...
Romania Stands To Collect RON164.7M From Transelectrica Public Offering
Romania stands to collect 164.7 million lei (EUR37.7 million) from selling 15% in state-owned power grid operator Transelectrica (TEL.RO) in a public offering concluded Tuesday.
Bucharest Bourse Signs Collaboration Deal With London Stock Exchange
Bucharest bourse operator (BVB.RO) and the London Stock Exchange Group, or LSEG, concluded Wednesday an agreement for collaboration in five key areas of business, the companies said in a joi...
UniCredit Group Posts 15% Drop In Romania Pretax Profit, To EUR42M
Italian UniCredit Group on Tuesday announced a 15.3% year-on-year drop in the pretax profit seen last year in Romania, to EUR42 million, from EUR49 million in 2010.
Transelectrica's Shares In High Demand. Public Offering Was Oversubscribed
Bids in the secondary public offering of Romanian power grid operator Transelectrica (TEL.RO) passed the 100% mark Tuesday, so that the government will sell the entire 15% stake in the compa...
Agricover Posts 40% Hike In 2011 EBITDA, To RON44M
Romanian agribusiness group Agricover on Tuesday reported earnings before interest, taxes, depreciation and amortization (EBITDA) worth some 44 million lei (EUR10.4 million) for 2011, up 40%...