Articolele autorului Andrei Cîrchelan
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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 chief executive officer Rovnag Abdullayev. citeşte tot
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Romania’s FMCG Market To Enter Slow Upward Trend - Study
Romania’s fast moving consumer goods (FMCG) market will start widening by 5% per year, despite having shrank by 29% over the past two years, to EUR16 billion in 2010, according to a survey by Contrast Management Consulting. citeşte tot
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France Telecom Appoints New CEO At Orange Romania
France Telecom-Orange appointed Jean-Francois Fallacher as chief executive officer of Orange Romania, replacing Thierry Millet who was promoted within the group. citeşte tot
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Romanian Managers Reluctant To Hire, Despite Sentiment Boost - Survey
Romania’s outlook seems to be stabilizing, based on improved economic sentiment regarding the economy, payment terms and capital expenditure plans, but confidence is very low and employment is unlikely over the next 12 months, according to the Deloitte Business Sentiment Index. citeşte tot
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Romania Vies To Fill Investor Gap In Nuclear Reactor Project
Romania’s nuclear reactors 3 and 4 still lack a “clearly established” investor, despite “pretty interesting” talks over the past several months with potential partners, Tuesday said Economy Ministry state secretary Karoly Borbely. citeşte tot
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City Mall Bucharest To See Fourth Sale Attempt, At EUR23.58M
Bankrupt shopping center City Mall Bucharest will be put up for sale for the fourth time on June 10, in an auction starting at EUR23.58 million, some 30% less than the initial price of EUR33 million. citeşte tot
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Romanian Managers Expect Growth On All Sectors In May-July
Romanian managers expect moderate growth in industry, retail and services and growth in construction between May and July this year, compared to the previous three months, the country’s statistics institute INS said Monday. citeşte tot
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Korean Companies Eye Stake In Romanian Nuke Project
A consortium formed of two South Korean companies wants to join the construction of reactors 3 and 4 at nuclear power plant Cernavoda, the Romanian Economy Ministry said in a news release Friday. citeşte tot
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Romanian Online Store eMAG Starts Selling Books
Online store eMAG on Friday said it has widened its portfolio to include books, planning to become the top book retailer within the year. citeşte tot
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Romanian Jobless Rate Falls To 5.4% In April
Romania’s unemployment rate fell to 5.41% in April, from 5.92% a month earlier, the country’s employment agency ANOFM said Wednesday. citeşte tot
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Building A House In Bucharest Suburbs Costs Less Than EUR80,000
Building a 100 sqm house near Bucharest costs between EUR58,000 and EUR80,000, since the economic crisis slashed construction and plot prices, according to a study of Romanian realty website imopedia.ro. citeşte tot
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Most Urban Romanians Remain Wary Of Large Acquisitions - Poll
A recent poll by Romanian research firm ISRA Center Marketing Research shows that only a handful of Romanians in urban areas plan to buy a home or a car within the next 12 months. citeşte tot
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Romania Needs Energy Competition, Not Full Privatization - Enel
Romanian authorities need not privatize all energy companies or electricity producers, but the segment needs true competition, Friday said Luca D’Agnese, president of Enel Romania. citeşte tot
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Romanian Daewoo Mangalia To Build 4 Ships In $400M Deal
Southeastern Romanian shipyard Daewoo Mangalia Heavy Industries, or DMHI, will build four container carriers for Israeli group Ofer Global Holdings, under a $400 million contract, the ship owner announced Thursday. citeşte tot
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Rompetrol Cuts RON0.12/Liter Off Diesel Prices, Raises Gas Price By RON0.09/Liter
Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, Tuesday increased pump prices for gasoline by 0.9 lei (EUR0.22) per liter and decreased diesel pump prices by RON0.12 per liter. citeşte tot
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Romanian Durable Goods Market Widens 10% In 1Q, To EUR307M - GfK
The Romanian durable consumer goods market widened by 10.7% on the year in the first quarter of 2011, to EUR307 million, according to a GfK Temax survey released Tuesday. citeşte tot
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Romanian Land Prices Down 16% In 1Q - imobiliare.ro
Owners of inner city land for residential project development in Romania continued to decrease prices in the first quarter of the year, by up to 16%, under the pressure still felt from the economic crisis, according to realty ad portal imobiliare.ro. citeşte tot
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Romania FDI Inflow Drops 22% YY In First Quarter, To EUR379M
Romanian foreign direct investment, or FDI, dropped 22% to EUR379 million in the first quarter this year, from EUR486 million in the same period a year earlier, the central bank said Monday. citeşte tot
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Romania's Current Account Deficit Shrinks To EUR634M In First Quarter
Romania registered a current account deficit of EUR634 million in the first quarter this year, some 2.5 times lower than in the same interval of the previous year, but 14 times higher than EUR44 million in January-February this year, central bank data showed Monday. citeşte tot
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Romanian State-Owned Companies To Crack Down On Debtors
The International Monetary Fund asked Romania to toughen up measures taken against clients who owe considerable sums to state-owned companies, using “legal measures” against those with arrears. citeşte tot
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Romanian Businessman Dinu Patriciu To Launch Macro Chain Next Week
Romanian businessman Dinu Patriciu on Thursday said he will launch next week the Macro store chain, after rebranding the miniMax Discount chain, which he bought in August 2010. citeşte tot
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PwC: Romania's Construction Market To Gain $22B By 2020
The Romanian construction market is expected to grow by $22 billion over the next 10 years, according to a study published by consultants PricewaterhouseCoopers. citeşte tot
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Romania Vows Quick Privatization Or Liquidation For Oltchim - Draft
Romanian chemical company Oltchim (OLT.RO) will be liquidated if the government fails to privatize it by the end of the year, according to the draft letter agreed on May 3 between local authorities and the International Monetary Fund. citeşte tot
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Romania’s Top-40 State-Owned Companies To Hire Private Managers
Romania’s largest 30 to 40 state-owned companies will have private management, and the government will employ an internationally acknowledged head hunting firm for executive selection, according to Jeffrey Franks, the head of the IMF delegation to Romania. citeşte tot
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Romania Vows Before IMF To Slash Heating Aid, Bills May Soar
Romania's government committed in the latest talks with the International Monetary Fund to eliminate the thermal energy subsidy in the near future, which could increase household heating bills by up to 60% by the end of the year, depending on the mayoralties' capacity to cover the difference. citeşte tot
