Beauty editor
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 331
Termoelectrica To Lay Off 300 Employees
State-owned thermal power producer Termoelectrica will lay off 300 employees from two branches, under a restructuring plan approved by shareholders on June 16.
Leu Recovers Ground Lost Earlier, Closes Flat Vs Euro
The Romanian leu closed Thursday close to the levels seen at opening, recovering the ground lost mid-session, based on euro sales by foreign players.
Fabryo Sales At RON136.5M In 2010, Sees No Growth This Year
Romanian paint maker Fabryo Corporation posted a 9% decline in sales last year, to 136.5 million lei (EUR32.4 million), and any increase in turnover this year would be "an outstanding perfor...
Energy Stocks Drag Down Bucharest Bourse, Transgaz Loses 10%
Bucharest-listed shares closed down Thursday after staying in red territory throughout the session, with energy companies posting the largest decline, led by Transgaz (TGN.RO), whose stock f...
Large Stake Sold In Carbochim On Bucharest Bourse For RON7.26M
A 23.4% stake in abrasives maker Carbochim Cluj-Napoca (CBC.RO) was sold Thursday on the deal market of the Bucharest Stock Exchange, through five transactions worth a total 7.26 million lei...
BCR Sees Mortgage Loans Up 10%-15% In 2011
Romanian lender BCR expects its mortgage loan portfolio will increase by 10%-15% this year compared to 2010, bank official Stefan Coroianu said Thursday.
Oasis Development Launches Property Management Unit
Romanian realty developer Oasis Development launched a technical and commercial management division for the retail sector, run by Brigitte Schmitt, former property management chief at DTZ Ro...
Mic.ro Reports EUR45M Investment In 600 Stores Nationwide
Businessman Dinu Patriciu’s store chain Mic.ro on Thursday said it has invested over EUR45 million so far in its 600 stores, opened in 50 large cities and neighboring towns.
Sterling Resources Plans To Invest $500M In Black Sea Blocks
Canadian Sterling Resources needs to invest some $500 million in its Midia and Pelican blocks in the Romanian shelf of the Black Sea, and the money can be obtained without any problems, Ster...
Bucharest Shares Open Down, In Quiet Market
The Bucharest bourse opened on a downward trend Thursday, on low traded values, while the bulk of activity was focusing on investment fund Fondul Proprietatea (FP.RO) and chemical company Ol...
Leu Opens Flat Vs Euro, In Line With Peers
The Romanian leu opened Thursday almost flat against the euro, following the trend of the other currencies in the region.
Hidroelectrica To Select Technical Consultants For EUR137M Upgrade Project
Romanian hydropower generator Hidroelectrica will select an international firm to provide technical assistance in a EUR137 million project for upgrades at the Stejaru Bicaz power plant.