Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
AmCham Blasts Clawback Mechanism For Lack Of Predictability
The clawback mechanism currently implemented by Romania inhibits the development of pharmaceutical companies, according to representatives of the American Chamber of Commerce in Romania, or...
real,- Hypermarket's Investments In Romania Top EUR550M
real,- Hypermarket, a unit of retail giant Metro, has invested over EUR550 million throughout its five years of activity in Romania, the retailer said in a news release Monday.
Photo-Video Retailer F64 Studio Sees 2011 Sales Up 23% To EUR14M
Photo and video equipment retailer F64 Studio expects to achieve sales of EUR14 million this year, up 23% on 2010, after launching a new store in Bucharest.
Erste Group Bank To Add EUR100M To BCR Share Capital
Erste Group Bank (EBS.RO) will increase the share capital of Romanian BCR by EUR100 million by the end of the year, through cash contribution, Monday said group representatives.
EU Energy Traders To Report All Transactions To ACER
Electricity and gas traders will need to report their transactions to the Agency for the Cooperation of Energy Regulators, or CER, according to new framework adopted by the EU Monday, for th...
Rompetrol Rafinare Adds One Year To $1.2B Loan Return Deadline
Rompetrol Rafinare (RRC.RO), a unit of oil and gas group Rompetrol, has added one year to the deadline of a $1.2 billion loan taken from one of its shareholders.
Romania To Return VAT Worth A Total RON1.61B In October
Tax authority ANAF on Monday said it will return value added taxes worth a total 1.61 billion lei (EUR373.9 million) in October, including RON363 million in compensations.
Bucharest Stocks Close Down, Erste Loses 13%
The Bucharest bourse closed in the red Monday, with investors focused mainly on investment fund Fondul Proprietatea (FP.RO) and Erste Group Bank (EBS.RO).
Open-End Fund Assets Rise 1.7% M-M In Sep, To RON7B
Romanian open-end investment funds reported cumulated net assets of 6.99 billion lei (EUR1.62 billion) in September, up 1.7% on the month, while foreign investment funds distributed on the l...
EU Report: Romania’s Fiscal Risk Index Nears EU Average, Greece Dubbed Riskiest
Romania has a fiscal risk close to the EU average, and twice lower than the Greece's index value, according to a report published Monday by the European Commission.
Electrica To Announce Wind Turbine Supplier Within Two Weeks
Romanian state-owned electricity distributor Electrica estimates it will have a turbine supplier for the Drumusita wind project within two weeks, the company’s general manager Ioan Folescu t...
Erste CEO: Buying BCR Was Not A Mistake, Despite The High Price
Erste Group Bank (EBS.RO) chief executive officer Andreas Treichl on Monday said the Austrian group paid a high price for Romanian BCR in 2006, from today’s perspective, but the acquisition...