Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Romania, Gazprom Discuss Direct Supply Agreements, Wider Collaboration
Russian giant Gazprom is willing to conclude direct gas supply contracts with Romania, and it plans to invest in gas storage and power plants locally, Tuesday said Economy Minister Ion Arito...
Court Rejects State Challenge Against Rompetrol Share Capital Hike Registration
The Constanta Court has rejected, on Tuesday a challenge filed by the Finance Ministry against the registration of a share capital hike by oil company Rompetrol Rafinare (RRC.RO), which conv...
Romania To Partly Extinguish The Fiscal Debts Of CFR, CNH, Termoelectrica
The Government has enabled fiscal watchdog ANAF to take over assets from mining company CNH and stock from state-owned companies CFR and Termoelectrica, in a bid to reduce the debts owed by...
OMV Petrom Should Not Raise Gas Prices At This Time - E.ON Romania
E.ON Romania chief executive officer Frank Hajdinjak on Tuesday said now would not be a good time for oil and gas company OMV Petrom (SNP.RO) to raise natural gas price, since prices are alr...
Bucharest Stocks Hit 2-Year Lows, SIFs Lose 7%
The Bucharest bourse fell Tuesday to its lowest level in two years, following the international markets' evolution, with a sharper decline seen by the five regional investment funds, or SIFs...
Obi Romania Drops Expansion Plans For 2011
DIY retailer Obi Romania, owned by German group Tengelmann, will not go through with its plans to open new stores in 2011, because of the economic crisis and a failure to agree with real est...
ATEbank To Hire Advisors To Sell Romanian Unit
Greek ATEbank on Tuesday said it will hire financial advisors to sell the majority stake in ATEbank Romania, under a restructuring plan set up in May this year.
Drug Makers Blast Romania's “Unsustainable” Clawback Tax
Romania’s pharmaceutical industry could lose 842 million lei (EUR195 million), which means a 30% shrinking of the market, following the implementation of the new clawback tax, according to a...
Zeta Petroleum To List Stock In Australia, Use Funds To Drill Romanian Block
Oil company Zeta Petroleum on Tuesday said it intends to float stock in March 2012 on the Australian Stock Exchange, and to draw AU$15 million (EUR21 million) for drilling operations on the...
Romania May Limit Wind Farm Capacities To Protect Power Grid
Wind farms may have a cap placed on their installed capacity if they start distorting the energy system, Tuesday said Marius Cernat, deputy general manager of the national power grid operato...
Bucharest Stocks Close Down, Amid Market Apathy
The Bucharest bourse closed down 2% Monday, influenced by decreases on international markets, but the local trading figures were extremely low.
Romanian Te Rox Prod Invests EUR7.2M To Export Child Seats
Romanian child seatbelt maker Te Rox Prod on Monday said it plans to make and export child seats under its own brand, following an investment of EUR7.2 million in a production unit.