Beauty editor
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 331
Romania’s Factoring Market Seen Up 20% In 2011, To EUR2.2B
Romania’s factoring market may grow by some 20% in value this year, to EUR2.2 billion, according to estimations by Romanian factoring association ARF.
Bergenbier Ex-CEO Ghyka Joins Vodafone Romania Top Management
Telecom operator Vodafone Romania named Mihai Ghyka as chief commercial officer of the Consumer Business Unit, replacing Karsten Wildberger, who was appointed to a new position within the Vo...
Coca-Cola Appoints Calin Dragan To New Position In Japan
Calin Dragan, 44, who has been general manager of Coca-Cola HBC Romania and Moldova, will become operations manager for Coca-Cola in Japan, starting July.
Asesoft Owners Use EUR4M Loans To Capitalize Romanian Flanco
Romanian businessmen Sebastian Ghita and Iulian Stanciu contracted two loans worth a total EUR4 million from BRD-Groupe Societe Generale and UniCredit Tiriac Bank, to capitalize electronics...
Mechel Completes $50M Investment At Otelu Rosu Steel Plant
Russian steel group Mechel on Tuesday announced it has completed investment worth a total $48.7 million in upgrades at its plant in Otelu Rosu, southwest Romania.
Leu Opens Flat Vs Euro, Weakens In Early Trade
The Romanian leu opened unnoticeably stronger against the euro Tuesday, but weakened later, out of sync with other currencies in the region, as foreign players focused on buying euro.
Bucharest Shares Open Up, Eyes On Rompetrol
The Bucharest bourse opened Tuesday with an upward tendency, while chemical company Oltchim (OLT.RO) continued to soar and other top-gainers included Rompetrol Rafinare (RRC.RO) and Rompetro...
Communications Ministry Favors Romtelecom, Cosmote Merger
The Communications Ministry agrees with a proposition by Hellenic Telecommunications Organization, or OTE, for a merger between telecom operators Romtelecom and Cosmote Romania, majority own...
Adjusted Construction Works -1.5% On Year In April
The adjusted construction output fell 3.7% on the year in April, on decreases in all sectors, the country's statistics institute said Tuesday.
Bucharest’s Old Town, A Mosaic Of Restaurants And Ruins, Is Worth Over EUR1B
The 57 hectares of land that accommodate Bucharest’s old town can be valued at around EUR1 billion, based on the average price of EUR1,500 to 2,000 per square meter in the area, but the numb...
UniCredit: No Need For Full Ownership At Romanian Unit
Italian lender UniCredit is not planning any changes in the shareholding structure at UniCredit Tiriac Bank, where Romanian businessman Ion Tiriac holds 45%, UniCredit general manager Robert...
Azeri SOCAR Buys Romanian Gas Stations, Plans Expansion
Azeri state-owned oil company Socar bought 14 gas stations in northeast Romania and it intends to further expand its local network, Trend news agency reported Monday, citing the company's ch...