Beauty editor
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 331
Romania Needs Additional Efforts To Hit ’12 Budget Gap Target - IMF
Authorities will have to make additional efforts in order to hit the 3% budget deficit target set for 2012, and faster progress is needed for EU fund absorption and capital expenditure, said...
Pambac Bacau Expects 6% Growth In Sales To EUR46m
Bakery and milling firm Pambac Bacau, controlled by Alin Giurea and another two partners, expects 6% higher turnover this year, to EUR46 million, after over the past three years the business...
Leu Closes Slightly Weaker Vs Euro, On Low Volumes
The leu oscillated within narrow margins throughout the session Monday, and closed slightly weaker against the euro.
Shares Close Down, In Quiet Market
The Bucharest bourse closed Monday clearly in the red, after seeing a downward pattern of evolution throughout the session.
Romania May Budget Gap At 1.36% Of The GDP
Romania’s general consolidated budget registered a deficit of 7.42 billion lei (EUR1.76 billion) at the end of May, namely 1.36% of the gross domestic product, higher than the 1.2% deficit p...
Raiffeisen Ups 12-Month Target Price For Transelectrica Shares To RON25
Raiffeisen increased the 12-month target price for shares of state-owned power grid operator Transelectrica (TEL.RO) by 18%, to 25 lei (EUR5.92), citing strong first half results, but mainta...
Leu Weakens Slightly Vs Euro, Sentiment Stays Bad
The leu weakened against the euro in mid-trade Monday, and the central bank set a reference rate of 4.2192 lei to the euro, RON0.032 weaker on the day.
Bourse Investors Request Clarifications On Transelectrica IPO
Bourse investor association AIPC asked state-owned electricity transporter Transelectrica (TEL.RO) to clarify its intention to sell a 12% stake on the bourse, following a share capital incre...
Baustoff+Metall Romania Posts EUR1.8M Sales In 1H 2011
Baustoff+Metall Romania, part of Austrian construction materials maker Baustoff+Metall, posted sales of EUR2.8 million in 2010, its first year of activity, Monday said Mariana Clontea, the l...
Businessman Catalin Chelu Buys 11.12% In Carbochim
Businessman Catalin Chelu bought an 11.12% stake in abrasives maker Carbochim Cluj-Napoca (CBC.RO) for a total 3.67 million lei (EUR870,493).
Shares Open Down, Amid Market Apathy
The Bucharest bourse opened Monday in the red, on low traded volumes, amid low investor interest and lackluster transaction activity.
Leu Opens Stable Vs Euro, On Low Volumes
The leu opened Monday roughly flat against the euro, on low traded volumes, while other currencies in the region were seeing similar development.