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October 20, 2021
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NEWS IN BRIEF

High treason criminal offence extended to CSAT members

The special parliamentary sub-commission working on the criminal codes decided in unanimity, yesterday, to introduce the criminal offence of high treason in the case of the members of the Supreme Defence Council (CSAT) to the draft Penal Code. ‘We have discussed it and now all the CSAT members are happy!’ sub-commission President Victor Ponta said with a touch of irony, according to Agerpres. The MPs thought the liability should be equally applicable to all the members of the CSAT and not just to the president of the country according to the current provisions of the Constitution, and suggested the life sentence as a punishment for high treason. The President of the sub-commission, Victor Ponta, also said the slander and libel could be regulated by a special law. Ponta explained it had been agreed to hold a debate on the unclear circumstances of the two offences with the representatives of the civil society. ‘The Constitutional Court said the two offences had not been constitutionally disincriminated. We don’t know if they are crimes or not, so we need to hold a public debate and see to what extent we need to protect privacy and also make sure we do not restrict the freedom of the mass-media. But we are not going to do it in the Penal Code. There will probably be a special law to regulate the two offences. It wouldn’t have made sense to spoil the entire Penal Code with a discussion on the two offences’, said the Social-Democrat. Asked if the two offences would be regulated by a special law of the press, Ponta said it had not been decided.

Codrin Stefanescu and Marius Marinescu switch to PRM

Former Conservative vice-presidents Marius Marinescu and Codrin Stefanescu yesterday registered with the Greater Romania Party (PRM), where they will occupy vice-resident positions. PRM President Corneliu Vadim Tudor himself made the announcement at a press conference, where he said that Marius Marinescu will also be the party’s spokesman. According to Vadim Tudor, the two left the Conservative party as ’they could no longer stand the duplicity of Dan Voiculescu and Mircea Geoana.’ Codrin Stefanescu had been with PRM eight years ago, when he was excluded from the party following some disagreements with the party leadership.

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InterContinental estimates 50 pc occupancy rate in 2009

The InterContinental Hotel in Bucharest wants to maintain an occupancy rate of 505, similar to lst year’s and predicts a slightly down turnover, or, under an upbeat scenario, one similar to that registered last year. ‘For 2009, we expect an occupancy degree roughly similar to that of over 50.7 per cent last year. We expect this year’s turnover to decline slightly, and at best, to post values similar to last year’s. (…) I’m optimistic that in the last quarter the situation will look better than early this year, the InterContinental general director, Marten Schoenrock, told Mediafax. Hotel officials say tariffs would not be lowered, even if negotiations with certain companies prove difficult. In the first quarter, the hotel reported an occupancy rate of 45-50 per cent, down 8-9 per cent from 55-60 per cent in the similar interval of 2008.

Lender Banca Italo Romena doubles net profit in 2008

Lender Banca Italo Romena, owned by Veneto Banca, said it recorded a 96 percent boost of net profit last year versus 2007, to EUR 20.4 M, a press release informs. The profitability of the capital advanced from 27.59 per cent in 2007 to 43.96 per cent in 2008. Banca Italo Romena targets to continue spreading tentacles this year through two units in Bucharest and Timisoara and also to cut ribbon for the new headquarters in the Romanian capital, said the bank’s GM, Antonio Bianchin.The bank opened six units last year, in Baia Mare, Pitesti, Ploiesti, Suceava, Galati and Bucharest, reaching 20 offices. The number of employees hiked to 280 in 2008, from 196.

TAROM – lowest occupancy rate in the first quarter

Romania’s national airline TAROM posted the lowest passenger occupancy rate Europe-wide in the first three months of this year, according to Agerpres, which quoted data remitted to the Association of European Airlines. (AEA). In the first quarter, TAROM’s reported a flight traffic down 20.1 per cent and an occupancy rate of 46.1 per cent, with 312,300 passengers flown. Behind TAROM, rank Olympic Airlines of Greece and Croatia Airlines, with occupancy rates, of 48 per cent and 918,000 passengers carried in the first quarter, and 49.4 per cent and 301,000 passengers respectively, and a flight traffic down 4.8 per cent.

Tuca, Zbarcea and Associatii have a new managing associate

Tuca, Zbarcea and Associates have a new managing associate and, at the same time, a coordinator of the Banking and Finance Team, Mihai Dudoiu, Mediafax informs. Previously, he held the position of senior associate and coordinator of the Banking and International Finance Department of CMS Cameron McKenna for three years. Currently, Tuca, Zbarcea and Associates have a team of 80 lawyers, 16 of which are partners. In 2007, the company had a regional expansion, opening a secondary office in Cluj – Napoca, in association with Nistorescu, Somlea and Associatii.

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Romania to open tourism office in Dubai

Romania will have a tourist office in the United Arab Emirates and each of the three emirates will open their tourist office in Romania, Mediafax informs. Tourism Minister Elena Udrea met yesterday in Dubai with the heads of the Tourism Authorities to discuss opportunities to invest in Romania. ‘A group of potential investors in the Persian Gulf region will come and visit Romania in the beginning of June for that purpose’ Elena Udrea states in a press release. She adds she has also met with Emirates airline to look at the possibility of introducing commercial flights to Bucharest.

The new chief of the Competition Council does not want problems with Brussels

The new president of the Competition Council, Bogdan Chiritoiu, wants to intensify the activities of prevention of the disloyal practices and to support the public authorities with the granting of state aid, in compliance with the Romanian and the European legislations. “I want to work well in connection with the state aid and adjustment. I want to support the public authorities to give state aid, in compliance with the legislation regarding competition, to observe the rules, in order to avoid having problems with Brussels,” declared yesterday Chiritoiu, at the ceremony of his installation in office. He stressed that since Romania is crossing a period of crisis that could last for more than one year, there will be many firms which will try to violate the competition laws, to reach understandings between them, in the conditions in which the business will go badly.

Retail volume in Romania stagnated in March

The volume of retail trade in Romania stood flat in March, compared to February, according to data supplied by the Statistical Office of the European Union (EUROSTAT), according to which the indicator fell 0.3 per cent European Union-wide. In the euro zone, the quantities sold dropped 0.6 per cent in March, compared to the previous month. Of the 18 states in the EUROSTAT report, the indicator declined in ten states, rose in six, and Denmark and Romania saw no changes. The highest increases were recorded by Slovenia (6.8 per cent), France (1.1 per cent) and Estonia, Austria and the UK (1 per cent each). Across the Union, the food, beverages abs tobacco retail volume shrunk 3.7 per cent in March, against the year-earlier period.

AFI Palace Cotroceni Mega Mall up to 85 per cent rented five months before to opening

The AFI Palace Cotroceni Mega Mall is up to 85 per cent rented five months before opening, developer AFI Europe sticking to the original plan regarding the opening date – end of September. ‘Over 85 per cent of the space has been already let to prominent international retailers such as Inditex, C&A, Mango Group, Bestseller Group, etc.’ reads a press release of the investor, quoted by Mediafax. The AFI Palace Cotroceni Mega Mall shopping centre has a total lettable area of nearly 76,000 sq m, a capacity of 300 stores, a Real hypermarket, 20 cinema halls and the first Imax (3D) cinema in Romania. The total investment amounts to over EUR 300 M

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