Articolele autorului Andrei Cîrchelan
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Romania’s Fiscal Risk Index Nears EU Average, Greece Dubbed Riskiest
Romania has a fiscal risk close to the EU average, and twice lower than the Greece's index value, according to a report published Monday by the European Commission. citeşte tot
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Romanian Nuclearelectrica Widens Selection Pool For Reactor Investments
Romanian nuclear power plant operator Nuclearelectrica on Wednesday said it is willing to accept “any large company” that meets certain requirements, for the construction of reactors 3 and 4 at Cernavoda. citeşte tot
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Romania Average Net Wage Slightly Down To RON1,455 In August
The average net salary in Romania declined 1.1% to 1,455 lei (roughly EUR337) in August, from RON1,472 a month earlier, the statistics institute INS said Wednesday. citeşte tot
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Romanian Drug Makers Blast “Unsustainable” Clawback Tax
Romania’s pharmaceutical industry could lose 842 million lei (EUR195 million), which means a 30% shrinking of the market, following the implementation of the new clawback tax, according to a survey published Tuesday by medicine maker association ARPIM. citeşte tot
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Romanian Apartment Prices Rise 1.6% In September, To EUR1,048 Per Sqm
The average asking price for apartments in Romania rose 1.6% on the month in September, but it still is 5.1% lower on the year, real estate website www.imobiliare.ro said Monday. citeşte tot
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Bucharest Apartment Rents Down 5% YY In September
Apartment rents in Bucharest have remained constant in September compared to August, but they were down 5% from the same month of 2010, according to a survey by website anunturiparticulari.ro. citeşte tot
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Romanian Energy Watchdog Probes Costs At GDF Suez
Romanian energy regulator ANRE started last week an inspection at GDF Suez Energy Romania, to check if cost reports are accurate, people close to the matter told MEDIAFAX. citeşte tot
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Romania Wants Daewoo To Fund Mangalia Shipyard With $70M
The shareholders of southeast Romanian shipyard Daewoo Mangalia Heavy Industries, or DMHI, have started negotiations on an increase of share capital, where the South Korean investors would contribute $70 million. citeşte tot
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Romanian Oltchim Maintains Furlough For 1,000 Employees
Some 1,000 employees of Romanian chemical plant Oltchim (OLT.RO) will be kept on furlough in October, for the third month in a row, because of raw material and working capital shortages, the company said in a memo sent Friday the Bucharest bourse. citeşte tot
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Nokia To Seek Buyer For Jucu Facility, After Plant Shutdown - CEO
Nokia Corporation chief executive officer Stephen Elop on Thursday said the company will seek out buyers for the Jucu plant, which it plans to shut down. citeşte tot
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Romanian Executives Expect Growth In Industry, Retail; Decline In Constructions
Romanian managers expect moderate growth in industry and retail, relative stability in services and moderate decrease in construction between September and November 2011, the statistics institute INS said in a statement Wednesday. citeşte tot
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Bucharest Stocks Surge Before Closing, Financials Lead Way
The Bucharest bourse closed Tuesday with a solid increase, as the U.S. markets opened stronger on renewed hope the European leaders will find a solution for Greece's debt woes. citeşte tot
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OMV Petrom Sees Romania’s Gas Imports Price Up To $545/1,000 Cbm
The price of natural gas imports from Russia will rise to $545 per thousand cubic meters in October, while Romanian authorities maintain the price of locally made gas at $160, Tuesday said Hilmar Kroat-Reder, executive board member within oil company OMV Petrom (SNP.RO). citeşte tot
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Romania To Hike Natural Gas Prices By 8% For Companies, Starting Oct 1
The price of natural gas will grow by 8% for industrial consumers starting October 1, while the price paid by household consumers and thermal power producers will remain unchanged, Romanian energy regulator ANRE said Thursday. citeşte tot
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Romanian SIF Muntenia Holders Allow Managers To Sell BCR Stake
The shareholders of Romanian regional investment fund SIF Muntenia (SIF4.RO) allowed the managing board to decide whether to sell or keep the BCR stake, Thursday said Petre Szel, president of SIF Muntenia administrator SAI Muntenia. citeşte tot
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OMV Awaits Romanian Fiscal Frame To Complete 10-Year Strategy For Petrom
Gerhard Roiss, the head of Austrian oil group OMV, Thursday said he has informed Romanian President Traian Basescu and Prime Minister Emil Boc on the group’s strategy for activities in Romania, and now he awaits the local government’s long-term fiscal frame. citeşte tot
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Romania To Shut Down Nuke Reactor For Minor Repairs - Sources
One of the two reactors at Romania’s sole nuclear power plant Cernavoda will be shut down Friday, for at most two days, for repairs of an equipment malfunction, people close to the matter told MEDIAFAX. citeşte tot
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Romania Keeps Nukes Online, Despite Lowered Danube Levels
The low water levels seen lately by the Danube do not entail the need for reactor shutdown at Romania’s sole nuclear power plant in Cernavoda, plant operator Nuclearelectrica said Thursday. citeşte tot
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Bitdefender Delays Listing Plans After 2012
Shareholders of IT security solutions provider Bitdefender are still considering listing on the bourse, probably after 2012, when the company will have “consistent value”, Tuesday said Florin Talpes, president of the Softwin group of companies. citeşte tot
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Romanian Economy Ministry Gets 3 Bids From Headhunters
Romanian authorities received bids from Pedersen&Partners, Agentia Professional SRL Bucuresti and the association between George Butunoiu and law firm Biris Goran for the recruitment of private managers at state-owned companies. citeşte tot
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Credit Risk Is Romanian Banking’s Main Vulnerability – Report
Credit risk is the main vulnerability of the Romanian banking segment, but pressure on bank asset quality is expected to decrease in the future, as economic growth is consolidated and banks tighten risk management, Romania’s central bank said in its latest Financial Stability Report. citeşte tot
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Tarom, Oltchim, Hidroelectrica Proposed For Private Management - Sources
Hidroelectrica, Oltchim, Tarom and CFR Marfa are companies for which Romanian authorities and the International Monetary Fund agreed to appoint private management, with the complete list ready by mid-September, people close to the matter told MEDIAFAX. citeşte tot
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Malaxa Heir Sold 0.2% Proprietatea Shares In August, For RON11M
The largest individual shareholder in Romanian investment fund Fondul Proprietatea (FP.RO), Georgia Palade van Dusen, sold some 0.2% of the fund’s shares in August, for a total 11 million lei (EUR2.6 million). citeşte tot
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OMV Petrom Gets Three Year Extension On Exploration Of Nine Blocks
The Romanian government on Wednesday announced it has extended by three years the exploration permits held by OMV Petrom on nine land blocks and one marine block, with a cumulated surface of 23,000 square kilometers. citeşte tot
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Wind Farm Incentives To Increase Romanian Electricity Prices By 10% In 2012
Romanian electricity consumers could pay up to 10% more next year, as more wind farms are supported through the green certificate scheme, Wednesday said Zoltan Nagy, director general of the electricity efficiency department within energy regulator ANRE. citeşte tot
