Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Volksbank Expects EUR900M Loss In 2011, On Book Value Write-Downs At Austria, Romania Units
The Volksbank group, Austria’s fourth-largest bank, Friday announced a series of reorganization measures, and expectations of a EUR900 million loss this year, caused mainly by write-downs on...
Bucharest Stocks Open Down, Eyes On Financials
The Bucharest bourse opened Friday slightly in the red, with moderate activity, while investors focused mainly on the main investment funds and on Erste Group Bank (EBS.RO) shares.
Bucharest Stocks Close Down, After Lackluster Session
The Bucharest bourse closed Thursday on a downward trend, on reduced traded values, with nearly half of activity focused on investment fund Fondul Proprietatea (FP.RO).
Bulrom Gas Sees 2011 Sales Rising To EUR82M
Romanian liquefied petroleum gas producer and distributor Bulrom Gas on Thursday said it expects sales to reach EUR82 million this year, compared to EUR56 million in 2010.
Romania Completes Gas Storage For Winter
Romania’s Economy Ministry on Thursday announced that natural gas storage operations, for winter consumption, have been completed, using mostly locally made gas.
Durable Goods Consumption Will Recover Slowly - Selgros Romania CEO
The recovery of durable goods sales will be slow and painful in Romania, according to Alexandru Vlad, chief executive officer of Selgros Cash&Carry Romania.
Angst Network To Be Rebranded As Carrefour Express By End-2012
Romanian meat product retailer Angst will be rebranded as a Carrefour Express franchise by the end of next year, following a process launched Thursday.
Dedeman Invests EUR11M In New Store
Construction materials retailer Dedeman Bacau on Thursday said it has invested EUR11 million to build a store in Alba Iulia, bringing its network to a total 25 units..
Furniture Maker Rus Savitar To Launch First Franchised Stores
Furniture maker Rus Savitar will launch Friday its first three franchised stores, in Targu Jiu, Slatina and Ramnicu Valcea.
Bucharest Stocks Open Flat, Amid Market Apathy
The Bucharest bourse opened Thursday with minor oscillation around yesterday’s closing levels, while investors showed apathy and focused mainly on the shares of lenders and investment funds.
Carrefour Romania 9-Month Sales Rise 5.1% On Year, To EUR845M
Retailer Carrefour on Thursday reported sales of EUR845 million between January and September in Romania, up 5.1% on the year.
Leu Opens Stronger Vs Euro, Weakens Later
The Leu opened Thursday slightly stronger against the euro, indirectly reacting to a strengthening of the euro against the US dollar.