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Andrei Cîrchelan

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

Cora Romania Opens Hypermarket In Arad, After EUR5M Invest

Retailer Cora Romania launched Thursday its eighth hypermarket, in the Galleria Shopping Center Arad, following an investment of EUR5 million.

Andrei Cîrchelan · 06.10.2011 · 12:20 · 1 min
Capital Market

Bucharest Stocks End Three-Day Losing Streak, With 0.5% Increase

Shares traded on the Bucharest Stock Exchange closed Wednesday with a modest increase, after a three-day long downward trend, on moderate trading values.

Andrei Cîrchelan · 05.10.2011 · 17:13 · 1 min
Ionescu, BVB: Romania Should Sell Transelectrica, Transgaz Stakes Below Market Price
Capital Market

Ionescu, BVB: Romania Should Sell Transelectrica, Transgaz Stakes Below Market Price

Romania needs to go below the market price when selling 15% stakes in Transelectrica (TEL.RO) and Transgaz (TGN.RO), to make sure that investors bid, Wednesday said Valentin Ionescu, general...

Andrei Cîrchelan · 05.10.2011 · 16:54 · 1 min
HR

Steel Maker ArcelorMittal Galati Appoints New GM

Romanian steel processor ArcelorMittal Galati on Wednesday said it has appointed Eric Remisz as general manager, replacing Thierry Le Gall, who moved to a position within the Flat Carbon Eur...

Andrei Cîrchelan · 05.10.2011 · 15:32 · 1 min
Profi To Launch 25 Stores In 2012
Retail&Consumer

Profi To Launch 25 Stores In 2012

Retailer Profi plans to open more than 25 stores nationwide next year, general manager Pawel Musial said Wednesday.

Andrei Cîrchelan · 05.10.2011 · 15:11 · 1 min
Retail&Consumer

Romania Retail Trade Posts Deepest Fall In EU In August

Romania posted the sharpest monthly drop among EU countries in terms of retail trade in August, according to data published Wednesday by EU statistics office Eurostat.

Andrei Cîrchelan · 05.10.2011 · 14:13 · 1 min
ANRP Head Resigns, Prime Minister Names Replacement
Capital Market

ANRP Head Resigns, Prime Minister Names Replacement

The chairperson of the Property Restitution Authority (ANRP), Crinuta Dumitrean, resigned on October 4, and she will be replaced by Dorina Danielescu, by order of the prime minister.

Andrei Cîrchelan · 05.10.2011 · 13:51 · 1 min
Nuclearelectrica Widens Selection Pool For Reactor Investments
Energy

Nuclearelectrica Widens Selection Pool For Reactor Investments

Romanian nuclear power plant operator Nuclearelectrica on Wednesday said it is willing to accept “any large company” that meets certain requirements, for the construction of reactors 3 and 4...

Andrei Cîrchelan · 05.10.2011 · 12:39 · 1 min
Real Estate

Willbrook International Launches EUR100M Business Center In Bucharest

Realty developer Willbrook International launched Wednesday the Willbrook Platinum center for business and conference, in northern Bucharest, following an investment of EUR100 million.

Andrei Cîrchelan · 05.10.2011 · 11:19 · 1 min
Capital Market

Bucharest Stocks Bounce Back, Financials Lead Trades

The Bucharest Stock Exchange opened up Wednesday, recovering some of the ground lost in previous sessions, while investors remained cautious and activity was moderate, with financial stscks...

Andrei Cîrchelan · 05.10.2011 · 11:05 · 1 min
Capital Market

Leu Gains Vs Euro In Early Trade, In Line With Peers

The Romanian leu opened Wednesday stronger against the euro, following the evolution of other currencies in the region.

Andrei Cîrchelan · 05.10.2011 · 11:02 · 1 min
Romania Average Net Wage Slightly Down To RON1,455 In August
Macroeconomics

Romania Average Net Wage Slightly Down To RON1,455 In August

The average net salary in Romania declined 1.1% to 1,455 lei (roughly EUR337) in August, from RON1,472 a month earlier, the statistics institute INS said Wednesday.

Andrei Cîrchelan · 05.10.2011 · 10:00 · 1 min