Articolele autorului Andrei Cîrchelan
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Black Sea Find Means Romania Is Looking At Energy Independence - President
Romanian president Traian Basescu on Monday said that gas drilling in the Black Sea should start in 2015-2017, which is when Romania will gain energy independence. citeşte tot
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EU-Funding Unlikely For Thermal Rehabilitation – Minister
Romanian development minister Cristian Petrescu on Friday said there is little chance for the thermal rehabilitation of buildings to receive EU funding, which means the ministry will have to earmark a bigger budget for the program. citeşte tot
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Romania’s Gas Price Liberalization Will Not Hike Prices Too Much – Economy Ministry Official
The liberalization of gas prices, requested by the International Monetary Fund and the European Commission, will not result in a strong increase of fees, to import levels, since purchase power is low in Romania, Wednesday said Dumitru Chisalita, adviser within the Economy Ministry. citeşte tot
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Romanian eMAG.ro Posts EUR145M Sales In 2011, Undershoots Forecast
Romanian online store eMAG.ro Wednesday said its sales rose 42% on the year to EUR145 million in 2011, but the result was below forecasts of EUR150 million. citeşte tot
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Erste Posts EUR719M Loss In 2011, Despite Returning To Profit In 4Q
Austrian lender Erste Group Bank (EBS.RO) Wednesday announced a net profit after minorities worth EUR254.1 million for the fourth quarter of 2011, which cuts the net loss for the year after minorities to EUR718.9 million. citeşte tot
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EBRD: Romania Should Privatize Energy Segment
The main problem faced by Romania’s energy segment is the old equipment, and the easiest way to solve this issue is to sell to private companies, according to Louis Borgo, senior banker within the Power and Energy department of the European Bank for Reconstruction and Development, or EBRD. citeşte tot
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Romania Faces Legal Action Over Energy Price Regulation
The European Commission has sent Romania, among others, reasoned opinions urging compliance with the legal obligation of liberalizing the electricity and natural gas markets, with a two-month response timeframe. citeşte tot
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MOL Reports 4% Rise In Romania Volumes For 2011
Hungarian oil group MOL on Friday reported a 4% increase in volumes sold in Romania in 2011, to 451,000 tons from 433,000 tons, while its market share rose by approximately one percentage point, to 12%. citeşte tot
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Bucharest Flat Prices Went Up 5% In 4Q, Despite Contrary Trend In Region
Bucharest and Kiev are the only Central and Eastern Europe capitals that saw new flat prices go up in the final quarter of 2011, with apartment prices in Bucharest going up 5% according to a survey by Polish realty consultants REAS. citeşte tot
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Bucharest Ranks Fourth In DTZ Global Office Occupancy Costs Chart
Bucharest is the fourth cheapest city in Europe in terms of occupancy costs for offices, after Budapest, Tallinn and Vilnius, according to a report by property services provider DTZ. citeşte tot
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Romania's Gas Price Regulation Might Strike At Investment - Petrom CEO
Current gas prices in Romania create an unsustainable situation that could impact investment on this segment, including the activity of the thermal power producer built by OMV Petrom (SNP.RO) in Brazi, the company’s chief executive officer Mariana Gheorghe said Wednesday. citeşte tot
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Bilateral Deal Beneficiaries Agree To Hidroelectrica’s New Terms - Sources
Companies holding bilateral contracts with Romanian state-owned hydropower producer Hidroelectrica accepted price increases and a 10% to 20% reduction of delivered quantities, as well as a shorter timeframe for the contracts, people close to the matter told MEDIAFAX. citeşte tot
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Bucharest Court Allows Insolvency For Retail Chain Mic.ro
The Bucharest court on Friday approved an insolvency claim filed by Micro Retail, the operator or retail chain mic.ro, controlled by local businessman Dinu Patriciu. citeşte tot
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Romania’s Electricity Consumption At 10-Year Peak In February
Romania’s average electricity consumption reached a ten-year peak in February, according to Octavian Lohan, chief executive officer of state-owned power grid operator Transelectrica (TEL.RO). citeşte tot
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Romanian Power Grid Operator To Cease Electricity Exports During Blizzard
Romanian state-owned power grid operator Transelectrica (TEL.RO) will limit or even cease electricity exports for one month, between February 16 and March 15, 2012, since bad weather diminishes energy resources. citeşte tot
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IMF Asks Romania To Renegotiate Hidroelectrica Bilateral Contracts By February 15
The International Monetary Fund asked the government to complete the renegotiation of Hidroelectrica bilateral contracts by February 15, 2012, or terminate the contracts that cannot be renegotiated. citeşte tot
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ArcelorMittal Galati CEO Resigns For Personal Reasons
The chief executive officer of Romanian steel processor ArcelorMittal Galati, Eric Remisz, resigned four months into his mandate, citing personal reasons, the company said Tuesday. citeşte tot
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UniCredit Bank Austria Lends EUR13.4M To AFI Europe For Bucharest Office Project
Developer AFI Europe, member of AFI Group, received funding worth EUR13.4 million from UniCredit Bank Austria, to develop the first of five buildings within the AFI Business Park Cotroceni project in Bucharest. citeşte tot
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Romanian Business Community Unfazed By Government Resignation
The Boc Government has taken good measures as well, but many of them came too late and were not well enough communicated, and the resignation will defuse the social and political tension, according to local businesspeople, who would prefer a technocrat government or prime minister. citeşte tot
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Romania Average Net Wage Up To RON1,604 In December
Romania's average net salary rose 7.6% to 1,604 lei (EUR369) in December, from RON1,491 a month earlier, the statistics institute INS said Monday. citeşte tot
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Suppliers May Ease Costs Faced By Romanian Power Grid Operator Under Cold Weather
Increased energy consumption in this interval, caused by low temperatures, will generate an increase in costs, which will paid by consumers and possibly suppliers, Friday said Marian Cernat, director within Romania's power grid operator Transelectrica (TEL.RO). citeşte tot
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Romanian Electrica Asks E.ON For EUR50M In Damages
Romanian state-owned electricity distributor Electrica asked German utility group E.ON to pay damages worth EUR50 million within a litigation initiated by E.ON in the International Court of Arbitrage in Paris. citeşte tot
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Romanian Banca Transilvania CEO Resigns
Romanian lender Banca Transilvania (TLV.RO) Friday announced the resignation of its chief executive officer Robert Rekkers and his temporary replacement with board member Peter Franklin. citeşte tot
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Grocery Store Giant 7 Eleven Might Take Over Romanian Mic.ro
Romanian businessman Dinu Patriciu is negotiating the sale of his Mic.ro retail network to international group 7 Eleven, people close to the matter told MEDIAFAX. citeşte tot
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Rompetrol Group To Challenge Antitrust Fine In Court
Rompetrol, one of the six oil companies fined by the Romanian Competition Council within a fuel market probe, Tuesday said it will challenge the fine in court, since it considers it illegal and unfounded. citeşte tot
