SPORTS

NEWS IN BRIEF

Viorel Hizo, new coach of Rapid

According to GSP TV, Rapid has a new coach, namely Viorel Hizo. He will train the team of Giulesti during the last rounds of the Championship and his target will be the team’s qualifying in the “Europe League.”

“Rada resigned mostly due to the poor results. Hizo will replace him until the final of the Championship. You may find out more details on Monday, at the introducing conference,” Manea, who has kept his position of manager, declared. Viorel Hizo, aged 62, returns to Rapid after four seasons he has spent as coach of FC Vaslui, Pandurii and Ceahlaul Piatra Neamt. At the time being, Rapid reached the seventh position in the League I standings after 28 rounds, with 45 points.

Dolha, unavailable for approximately three weeks

The Executive President of FC Dinamo, Cristi Borcea declared on Sunday evening that the goalkeeper Emilian Dolha will be unavailable for at least three weeks after he was injured in the game with CFR Cluj, won by Dinamo by 1–0 in the 28th round of League I. “It seems that he will be prohibited running for at least three weeks. It is a great loss for us. It seems like we are doomed. We must find a goalkeeper, one free of contract. We are most likely to bring a foreigner,” Borcea declared for GSP TV. After Lobont’s injury, Dolha defended Dinamo’s goal, yet he was injured, too. Now, Dinamo’s only healthy goalkeeper is Florin Matache.

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NEWS IN BRIEF

Geamanu: ‘The Becali family offered me EUR 1 M for the thieves to withdraw their statements’

“Ilie Alexandru, nicknamed Sandu Geamanu, declared yesterday, after discussions on his arrest at the Bucharest Court, that Gigi Becali’s family offered him EUR 1 M if he persuaded the car thieves to change their statements according to the sponsor of the Steaua football team’s interests. During discussions, Geamanu said that, if it were secret meetings, he would have revealed even more facts on this case to the judges, yet he wants to “hold them back” because of the presence of press representatives in the room. He also said that he offered a substantial help to investigators in this case, because the films he made with his mobile phone were used as exhibits.

According to Sandu Geamanu’s statements, Marian Tutilescu had offered him, while he was the Head of the Bucharest Police, a car to investigate this case, and requested him to attend a polygraph test during the investigation. The other two persons arrested in this case, Nicolae and Paul Mihalache, requested to be released during the investigation. The Bucharest Court is about to reach a decision in this trial.

Mazare decided that beaches should be granted to hotel owners

Officials of the Ministries of Justice, Environment and Tourism found a way to introduce the ordinance that granted beaches to hotel owners: an exception to the public acquisitions law. Therefore, beaches would be overtaken by hotel owners in no longer than a month, the yesterday issue of ‘Evenimentul Zilei’ announced.

Tourism Minister Elena Udrea confirmed that fact that the hotel owners may overtake the beaches soon. “I am sure that this law will be applied and that hotel owners will overtake the beaches as soon as possible,” the Tourism Minister declared.

Money from hospitals for Elena Udrea’s husband

The husband of Tourism Minister Elena Udrea is cashing millions of EUR from the Bucharest healthcare establishments through a company with dodgy shareholding, ‘Evenimentul zilei’ informs. Udrea’s husband Dorin Cocos is doing millions of euros worth of business with Bucharest hospitals through a company set up under suspect conditions. The company’s name is Meditest Global 2002 and, in its papers, among the founding shareholders, there have been two heads of Bucharest laboratories. They told ‘Evenimentul zilei’ that they had never been Dorin Cocos’ partners in any company. If that is true, their names and identity data were illegally used. When Meditest Global 2002 was founded, Dorin Cocos held 45 per cent of the registered capital and was the administrator of the company. Meditest Global 2002 and Clamari Trading Impex – the former currently controlled by the same Dorin Cocos via intermediaries and the latter belonging to him entirely – sell lab reactive substances to several hospitals based in Bucharest.

Romania, 92nd in the world chart of press freedom

The Romanian press is partly free, and reached the 92nd position in the world chart of press freedom in 2008, sharing this place in the chart with three countries of Latin America: Ecuador, Panama and Peru. The Freedom House report quoted in yesterday’s edition of the daily paper “Romania Libera” places Romania on the tenth position in the European countries of the former Socialist group, surpassed by Bulgaria and Serbia, yet in advance to the Republic of Moldova and Albania. Cristina Gusseth, the President of Freedom House Romania, declared that “Romania is lower than last year, as it registered lower results at the legal and political chapters, which it is behind the scores registered by European countries and closer to the non-EU members.”

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EC experts start monitoring Romanian justice as of today

A European Commission (EC) expert delegation was due to arrive in Bucharest yesterday evening to begin the evaluation process of the headway Romania has made in the justice department, Agerpres reports. EC experts will start monitoring today the conditions imposed to the Romanian justice system, with the Commission’s appraisal to be presented in the country report in July.

During its first mission, May 5-8, the EC delegation will check on whether objectives 3 and 4 have been fulfilled in the cooperation and verification mechanism. As part of their mission, European experts will have meetings at the Public Ministry and the national Anti-corruption Directorate, but also at a court of law and prosecutor’s office in the country. Terms 3 and 4 in the EC cooperation and verification mechanism target anti-corruption fight and increased transparency and integrity in the central and local administration. Last week, the chairman of the criminal code examination sub-commission, Victor Ponta, said that the signal so far point to the country report on justice going to be ‘quite bad’. ‘Unfortunately, there will be justice problems that don’t depend on us. Parliament even did the best it could for the country report not to be so bad,’ Ponta said.

Presidency’s budget, increased for the Europe – Russia Economic Forum

During the last Government meeting, the Government increased the budget of the Presidential Administration from the budgetary reserve fund available to the Government, stipulated in the state budget for 2009, by RON 430,000, Agerpres reports. The sum is destined to cover the expenses required by the organization of the Europe–Russia Economical Forum during May 25–27. The money was allocated in the “Public authorities and foreign affairs,” chapter and the “Goods and Services” title. The Presidential Administration is authorized, by the resolution approved by the Government and published in Monitorul Oficial, to cover all expenses required for the organization of the Forum and of adjacent events, including public diplomacy actions, media and promotion events, catering, accommodation and simultaneous translation for the attendants to the forum, as well as personalized materials and other expenses. The Ministry of Economy, the Ministry of Foreign Affairs, the Ministry of National Defence, MAI, SRI, SPP and the Special Telecommunications Service will provide logistical support for this action from their own budgets.

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BUSINESS

NEWS IN BRIEF

BNR foreign currency reserves down EUR 235 M in April

The foreign currency reserves of the National Bank of Romania (BNR) dropped in April by EUR 235 M, from EUR 25.121 bln to EUR 24.886 bln, on the background of the outgoing of EUR 3.782 bln and entries of EUR 3.547 bln, according to a press release. In April were registered entries of EUR 3.547 bln, representing the modification of the minimum reserves in foreign currency set up by the credit institutions, the feeding of the account of the Public Finance Ministry, the feeding of the account of the European Commission, revenues from the administration of the international reserves, operations on the inter-bank market and others. On another hand, the outgoing sums totaled EUR 3.782 bln, while the gold reserve remained at 103.7 tons, but its value dropped from EUR 2.3 bln to EUR 2.227 bln, in the context of the evolution of the prices on the international markets.

Monetary policy interest rate could be maintain, analysts say

The National Bank of Romania (BNR) will maintain the monetary policy interest rate at the current level of 10 per cent, most of the analysts interviewed by Mediafax consider, although they do not rule out a reduction by 0.25 percentage points, which would not have a major influence on the market. BNR Board meets tomorrow, in the fourth monetary policy session of this year. Both the chief economist of Raiffeisen Bank Romania, Ionut Dumitru, and the chief economist of BCR, Lucian Anghel, expect BNR to maintain the current level of the monetary policy interest rate. On another hand, ING Bank Romania economist Nicolaie Chidesciuc believes that the interest rate will be cut by 0.25 percentage points, to 0.75 per cent. He admits however that this reduction will not be enough to re-launch credits, recalling that inflation is also at a high level.

Mircea Ursache, Chair of the Monitoring Board of Proprietatea Fund

The CEO of the Authority responsible for State Assets Resolution (AVAS), Mircea Ursache, was elected yesterday Chair of the Monitoring Board of Proprietatea Fund, unanimously, based on a Fund press release. Early last week, the shareholders of this Fund appointed a new board, which includes Ioan Adam, Anca Oprea, Eduard Romulus Goean, Ene Dinga, Corin Trandafir and Gra?iela Iordache. The former board was led by Giovanni Ravasio – Chair.

The Leu is 142 years old

The Romanian currency turned 142 years yesterday. In 1867, the monetary law stipulated that the national currency was the Leu, with its subdivision, the “ban.” The Romanian monetary system was based on gold and silver and, according to the quantity of metal, the Leu was equal in value to the French Franc, the Swiss Franc, and the Belgian Franc. The name of “Leu” comes from one of the significant currencies which circulated in the region, even at the time of the Romanian Principalities, the Dutch “Taler” which had a lion standing on two legs on one side. The Leu was established as national currency on April 22, 1867, a bi-metal currency with the silver standard of five grams or gold standard of 0.3226 grams, and having 100 subdivisions called “bani.” The first currencies to be issued were those of bronze of 1 “ban,” 2 “bani,” and 10 “bani,” minted in Great Britain in 1867.

Cristian Moanta – new Altex Group marketing and procurement director

Former Sony Romania Branch Manager Cristian Moanta has been appointed as Marketing and Procurement Director of electronics, home appliances and IT&C retailer Altex Romania, according to a press release. The main short-term objective is to integrate the activities of the two divisions in order to strengthen the promotional message to the end customer and implicitly the retailer’s presence on the local market. Altex Romania owned by businessman Dan Ostahie is market leader for home appliances, electronics, IT, communications and multimedia segment in Romania. The group’s total retail area is nearly 100,000 sq m. The group’s network consists of about 50 Altex units and 15 Media Galaxy centres.

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