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Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
CNH Head: Romania Gives Up Energy Champions Plan
The Romanian Government has given up the idea of creating two state-owned energy giants, Electra and Hidroenergetica, and it will create two smaller companies, Thursday said Constantin Jujan...
Oltchim and Hidroelectrica Proposed For Private Management - Sources
Hidroelectrica, Oltchim, Tarom and CFR Marfa are the companies for which Romanian authorities and the International Monetary Fund agreed to appoint private management, with the complete list...
Bucharest Shares Close Down, SIFs Buck Trend
The Bucharest bourse closed Thursday with a decline, on moderate to low traded values, but the regional investment funds, or SIFs, managed to end in positive territory.
Upetrom: Romania’s Oil Industry To “Boom” In 2012-2013
Romania’s oil segment will “boom” in 2012-2013, given that 40 new exploration and drilling licenses will be granted by the end of this year, Thursday said Florin Ciocaneala, executive manage...
Vimetco, Enel Interested In 500 MW Romanian Thermal Power Plant
Romanian aluminum Alro Slatina (ALR.RO), its majority holder Vimetco and Italian group Enel may join the construction of a EUR750 million power plant within thermal power producer Rovinari,...
Romania Seeks Uranium Suppliers For Upcoming Nuke Reactors
Romania’s uranium reserves will not be enough to produce electricity at nuclear reactors 3 and 4 of the Cernavoda power plant, Economy Ministry official Sorin Gaman said Thursday.
Borsec Dubbed Most Powerful Romanian Brand
Mineral water brand Borsec ranked first, for the second year in a row, among the 50 most powerful Romanian brands, in a chart compiled by Biz magazine in association with Unlock Market Resea...
Malaxa Heir Sold 0.2% Proprietatea Shares In August, For RON11M
The largest individual shareholder in Romanian investment fund Fondul Proprietatea (FP.RO), Georgia Palade van Dusen, sold some 0.2% of the fund’s shares in August, for a total 11 million le...
SNLO's Receivables Higher Than Debts
Romanian state-owned mining company SNLO has a debt of 300 million lei (around EUR71 million) to suppliers and to the state budget, while receivables reach RON500 million, general manager Da...
OMV Petrom Gets Three Year Extension On Exploration Of Nine Blocks
The government on Wednesday announced it has extended by three years the exploration permits held by OMV Petrom on nine land blocks and one marine block, with a cumulated surface of 23,000 s...
Impact Developer&Contractor Considers Shrinking Share Capital
The managing board of realty developer Impact (IMP.RO) proposed the diminishing of share capital by 2.1 million lei (EUR500,000), to RON197.8 million, by cancelling shares bought back over t...
BASF Romania Appoints New Country Manager At Crop Protection Division
Chemical company BASF Romania on Wednesday said it has appointed Tiberiu Dima, 40, as country manager of the Crop Protection Division, starting September 1.