Beauty editor
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 331
EC Blocks Desulphurization Funding For Romanian Plants
The European Commission recently notified the Economy Ministry that it no longer agrees to cofinance a EUR127 million scheme for desulphurization activities at thermal power plants, approved...
IKEA Supplier Sortilemn Posts RON92.6M Sales At Nine Months
Sortilemn, one of the main local suppliers for IKEA, concluded the first months of the year with sales of 92.6 million lei (EUR22 million), up 45% on the year.
Lem’s Nine-Month Sales Rise 25% On Year, To RON121.9M
Furniture retailer Lem’s, owned by furniture maker Lemet, reported sales of 121.9 million lei (EUR29 million) in the first nine months of the year, up 25% on the same interval of the previou...
Pascariu: The Crisis Endgame Will Be Scary, But Not Fatal
The uncontrollable dynamics of the current economic crisis naturally causes fear, but the Western Europe will ultimately find solutions and avoid a catastrophe, even though costs may be high...
Some Closed-End Funds Thrive Even When Stocks Nosedive
Two investment funds managed by Certinvest are the closed-end funds with the highest performance and yields of more than 15% over the past year.
Gazprom, SOCAR To Battle Local Heavyweights For A Slice Of Romania's Fuel Retail Market
Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies.
Third Time’s The Charm For Romania’s Energy Sector Reorganization
The government’s latest bid to reorganize the national energy system, through the creation of complexes Oltenia and Hunedoara, is seen by specialists as a better idea than the two previous o...
EDP Renovaveis Completes 69 MW Project, Consolidates As Second Largest Local Wind Farm Owner
EDP Renovaveis (EDPR), the renewable energy division of Portuguese group Energias de Portugal, has completed another wind farm in southeast Romania, following an investment of EUR100 million...
Hungary’s Abo Puts Up Its Romanian Operations For Sale
Hungary’s Abo Group, a top-ten company on the Romanian milling and bakery market, has put its business up for sale, as well as the tens of millions of euros in assets it holds in Romania.
Eversheds Opens Romanian Practice In Association With Lina & Guia
International law firm Eversheds, with revenue of GBP355 million in fiscal year 2010-2011, has entered Romania through a partnership with local firm Lina & Guia, which will function under th...
Nokia Paid Less Than The Expected EUR100M In Taxes
Nokia paid EUR24 million in taxes to Romania's budget in 2009, and over EUR25 million in 2010, according to Viorel Gavrea, general manager of Tetarom, the industrial park where the Nokia pla...
Leaseplan: Companies Prefer Dacia Fleets, For Cost Cuts
Among the 6,000 vehicles managed by Leaseplan, Romania’s second-largest operating leasing firm, 12% are Duster SUVs, and 36% are Dacia models.