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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Automotive

Michelin Appoints New GM At Romanian Floresti Plant

French tire maker Michelin on Thursday announced the appointment of Jerome Mouillet as general manager of the Michelin Floresti Anvelope plant in Romania, replacing Carmen Petcu, who was tra...

Andrei Cîrchelan · 29.09.2011 · 16:47 · 1 min
Banks-Insurance

Raiffeisen Bank Romania Renegotiated Rents, Shaved 20%-30% Of 2008 Level

Lender Raiffeisen Bank has renegotiated the rents it pays in Romania, obtaining a 20%-30% reduction from 2008 levels, Thursday said Vladimir Kalinov, Vice-president Retail Division.

Andrei Cîrchelan · 29.09.2011 · 15:20 · 1 min
Retail&Consumer

H&M Romania Sales At EUR21M In March-August

Swedish apparel retailer Hennes & Mauritz (H&M) on Thursday said it has registered sales of 193 million Swedish krona (EUR21 million), VAT included, between March and August this year, after...

Andrei Cîrchelan · 29.09.2011 · 14:35 · 1 min
Regina Maria Launches Its First Pharmacy, Largest Clinic In EUR2M Investment
Health

Regina Maria Launches Its First Pharmacy, Largest Clinic In EUR2M Investment

Romanian private healthcare provider Regina Maria launched Thursday in Bucharest its first pharmacy and its largest clinic, within the same project, following an investment of EUR2 million.

Andrei Cîrchelan · 29.09.2011 · 14:12 · 1 min
Technology &Telecoms

Nokia To Seek Buyer For Jucu Facility, After Plant Shutdown - CEO

Nokia Corporation chief executive officer Stephen Elop on Thursday said the company will seek out buyers for the Jucu plant, which it plans to shut down.

Andrei Cîrchelan · 29.09.2011 · 13:14 · 1 min
Capital Market

Bucharest Stocks Open Flat, On Lackluster Trading

The Bucharest bourse opened flat Thursday, on low volumes and unimaginative trading, focused on just a few of the 78 active issuers.

Andrei Cîrchelan · 29.09.2011 · 10:57 · 1 min
Capital Market

Leu Opens Flat Vs Euro, in Line With Peers

The Romanian leu opened nearly flat against the euro Thursday, in line with other currencies in the region, with a moderate strengthening trend early in the session.

Andrei Cîrchelan · 29.09.2011 · 10:55 · 1 min
Energy

Romania’s Winter Heating, Electricity Stocks To Cost RON5.69B

Romania’s raw material supply for electricity and heating will cost 5.69 billion lei (EUR1.3 billion) in the winter 2011-2012 season, 34% more than the costs in the previous inter, according...

Andrei Cîrchelan · 29.09.2011 · 10:20 · 1 min
Retail&Consumer

Diverta To Launch First Franchise Stores By Yearend

Books and movies retailer Diverta, currently under judicial reorganization, will launch its first franchised stores by the end of this year, under a development plant aiming at expanding the...

Andrei Cîrchelan · 28.09.2011 · 17:33 · 1 min
Capital Market

Bucharest Stocks Close Down, Despite International Upward Trend

The Bucharest bourse closed Wednesday with a decline, on average trading, despite an upward tendency seen by markets across the globe, as players feared volatility and turned to bonds.

Andrei Cîrchelan · 28.09.2011 · 17:10 · 1 min
Capital Market

ING Pension Fund Buys 5.5% Stake In Drug Wholesaler Ropharma

An ING private pension fund bought Tuesday a 5.5% stake in medicine wholesaler Ropharma Brasov (RPH.RO), for 9.2 million lei (EUR2.1 million), from companies controlled by businessman Mihai...

Andrei Cîrchelan · 28.09.2011 · 14:29 · 1 min
Health

Medicover Launches Diagnostics Center In Bucharest, In 0.5M Invest

Private healthcare provider Medicover Romania launched Wednesday an advanced diagnostics center in Bucharest, following an investment of some EUR500,000.

Andrei Cîrchelan · 28.09.2011 · 13:17 · 1 min