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12 teams to take part in Romanian Cycling Tour

9 teams from Europe and 3 teams from Romania will take part in the 46th edition of the Romanian Cycling Tour from June 6 to June 13, the Romanian Cycling Federation informs.

The Romanian Tour is included in the International Cycling Union for the second time in its history. The Romanian Cycling Tour debuted in 1934. This edition’s route will start in Constanta and will end at Balea Lac, totalling 1,150 kilometres.

72 cyclists from 18 countries will enter the race, representing 12 teams from Romania and from abroad. These are the nations represented in the race: Italy, the Netherlands, Germany, Hungary, Greece, Turkey, Bulgaria, and Ukraine. Dinamo Bucharest, Delma Medgidia and Tusnad Miercurea Ciuc will represent Romania. Details about the Tour will be offered during the press conference scheduled on June 3. Mrs. Monica Iacob-Ridzi, the Minister of Youth and Sport, will be invited at the press conference that will start at 11 AM on June 3, within the Great Hall of the Capitol Hotel in Bucharest, 29, Victoriei Boulevard.

CFR Cluj transfers Slovakian goalkeeper Peskovic

CFR Cluj has conducted the first transfer for the next season, the Slovakian goalkeeper Boris Peksovic signing a three-year contract with the club.

Peskovic (32 years old) was a free player after having played for Portugal’s Academica de Coimbra. Last season he played 28 games for Academica after previously playing in Poland. His game record in Poland includes 41 games played for Swit Nowy Dwor (2002-2004, 1 goal scored), 13 games for Widzew Lodz (2004), 33 games for Pogon Szczecin (2005-2006), 14 games for Zaglebie Sosnowiec (2007) and 24 games for Gornik Zabrze (2007-2008). Peskovic (1.89 meters, 86 kilograms) started his career by playing 14 games for Slovan Bratislava (2000-2002).

Mutu wants to continue playing for Fiorentina

Striker Adrian Mutu and his manager Alessandro Moggi have met Pantaleo Corvino, AC Fiorentina’s sports director, on Monday. During the meeting the Romanian international player expressed his desire to continue playing for the team, the violanews.com website informs.

Several European clubs expressed their desire to buy Mutu, the list including Bayern Munich, VfL Wolfsburg and Galatasaray Istanbul.

On the other hand, Corvino’s list of acquisitions includes fullbacks Felipe (Udinese) and Andreas Beck (Hoffenheim), midfielders Luis Alberto (Nacional Madeira), Fabricio (Cruzeiro) and McDonald Mariga (FC Parma), and striker Julio Ricardo Cruz (Internazionale Milano).

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NEWS IN BRIEF

RBL celebrates 5th anniversary

The Raiffeisen Housing Bank (RBL) is five years old. It has over 100,000 customers with an overall contracted amount of roughly EUR 450 M. The savings by RBL customers over the past five years came to nearly EUR 60 M, and circa EUR 15 M got into the accounts of RBL customers, representing the quantum of the state bonus afferent to the savings made from 2004 and up to now, according to a press release by the bank. RBL offers savings-crediting products exclusively aimed to improve housing conditions. Signatories of savings-loan contracts must save for a period of time following which they can apply for RON loans at a fixed interest of 6 per cent, way below market level. All throughout the saving period, customers receive a yearly bonus of 25 per cent – up to 250 euros, adding to which is a 3 per cent interest offered by the bank.

FSLI threatens to address ECHR over law on wages in the Education system

The Constitutional Court (CC) yesterday ruled that the provisions of OUG 151/2008 on salaries in the Education system, which blocked wage increases by 50 pc, are unconstitutional. CC admitted two exceptions of unconstitutionality for the provisions of art I points 2 and 3 of OUG 151/2008, raised in several lawsuits between unions and schools. Thus, art. I, point 2 rules that during 2008, the base salaries of the didactic personnel from the Education sector, as set by OUG 68/2004, were to be increased in several steps, during 2008 and 2009. The president of the Federation of Free Unions from the Education Sector (FSLI), Aurel Cornea said the Constitutional Court’s decision was foreseeable and if, even in these conditions, the teachers won’t get the wage hike, FSLI will take the matter to the International Labour Organization (ILO), because Romania infringed Convention 95 concerning the Protection of Wages, then they will address the European Court of Human Rights.

Magistrates’ motivation for the release of Stanculescu

“The deeds for which Victor Athanasie Stanculescu was sentenced took place almost 20 years ago and, consequently, he cannot be a public danger, especially that he played a first rate role in the transformation of the country, in the shifting to the rule of law and its consolidation,” the military magistrates explain in the motivation of the release from penitentiary of the reserve general sentenced to 15 years in prison for the bloody repression of the revolution at Timisoara. Besides the above motives, the judges took account also of the medical expert assessment. According to it, “the disease of Victor Stanculescu has the character of extreme urgency,” and “the highly complex and difficult aspects cannot be solved in conditions of detention.”

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NEWS IN BRIEF

EC replies to Severin’s accusations

Asked how he comments the assertions of Adrian Severin about the drafting of the report on Justice, Mark Gray, spokesman of the European Commission, declared yesterday, quoted by Mediafax, that the institution that he represents does not want to intrude into the electoral campaign of the PSD MEP. “The Commission does not have any intention to enter the electoral campaign of Mr. Severin,” Mark Gray declared.

On another had, asked when the next EC report on Justice is going to be released, Gray answered that the date has not yet been established. “A decision in this respect will be taken only after the next missions (of the EC experts – editorial note) to Romania and Bulgaria, which will take place this month,” he said.
On Saturday, in a press conference held at Targu Mures, the PSD MEP Adrian Severin criticized the fact that the report on Justice is coordinated by the EC secretary general, instead of the European Commissioner on Justice, Jacques Barrot, estimating that either Barrot is corrupt, or there is also a form of corruption, estimating that there may be also political or moral corruption,” defining corruption as the “deviation from the rules.”

Mircea Geoana’s father died

The President of the Senate and the Social – Democrat Party, Mircea Geoana announced yesterday in a press release quoted by Agerpres the passing away of his father, retired General Ioan Geoana, after a long period of pain. The PSD leader’s father was suffering of cancer, and was hospitalized over two months ago. According to the press release, General Ioan Geoana was born in 1928, in Dolj County, in a family of employees of the Romanian Railway Company, and decided to start a military career. The highest position ever to be reached by the Defence Minister before 1989 was that of Head of the Civil Defence Commandment. The lifeless body of retired General Ioan Geoana will be placed today, June 3, at the Military Chapel in Ghencea. The funeral will take place on Thursday, June 4, at 12.00, at the Ghencea Military Cemetery. PSD President Mircea Geoana also announces the cancellation of his official program and of all his activities included in the electoral campaign.

Mitrea’s file might return to DNA

The case in which Miron Mitrea is investigated on corruption charges might be sent back to prosecutors, after his lawyers raised several exceptions of illegality with respect to the charges and said green light from the Senate was needed before starting the criminal investigation against the politician.
Miron Mitrea’s lawyer Ovidiu Budusan yesterday complained at the Supreme Court that Miron Mitrea was investigated for a crime, but sent to trial under a different charge, which was never announced to him.
“Miron Mitrea always had the representation of a deed, but eventually he learned he is put on trial for something else,” the lawyer said.

The court postponed for July 11 the ruling over these exceptions.

Also on Tuesday, Miron Mitrea’s lawyers asked the High Court of Cassation and Justice to attach a record of telephone transcripts which they claim was never presented to them during the criminal investigation, and the court ruled to resume debates over this request at a later moment.

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BUSINESS

NEWS IN BRIEF

Dollar off year’s lows, RBA briefly dents Aussie

TOKYO – The dollar steadied on Tuesday after hitting its lowest this year against the euro and a basket of currencies the previous day as reassuring economic data and a rally in global shares reduced demand for the reserve currency. The Australian dollar briefly slipped after the Reserve Bank of Australia (RBA) held interest rates at a record low of 3 percent on Tuesday, but said there was scope to ease further if needed. But traders said Australian dollar selling was light and was limited to profit-taking after the currency hit an eight-month peak against the U.S. dollar on Monday. The euro was little changed from late U.S. trade at USD1.4164 , having rallied to USD1.4246 on trading platform EBS on Monday, its strongest since late December.The dollar fell 0.3 percent to 96.33 yen , after rising as high as 96.81 yen the previous day.

Apple authorised reseller in Romania I.R.I.S. S.A. becomes Apcom

The only Apple authorised reseller in Romania, Integrated Romanian Information Systems (I.R.I.S. S.A.), has become Apcom, after a process of regional re-branding which is part of the new Apple strategy for Central and eastern Europe, according to Antena 3 TV. The local Apple goods and services distributors have been included into a single trading structure. ‘Apcom Romania is the new I.R.I.S. visual identity. We will keep our status as a reseller, but we will have one image. Anyone who travels to Hungary or to The Czech Republic should know that the brand is the same everywhere,’ said I.R.I.S. S.A. Marketing Manager Szolt Kadar. Apple’s co-operation with the Apcom Group – a member of MDS Holdings, started 22 years ago. All this time it has been consolidated by the development of a strong, modern and customised regional distribution network.

Italo Romena Bank – profit up 30 pc in Q1

Italo Romena Bank, specialized in granting funds to companies, registered in Q1 of this year a net profit of EUR 7.72 M, up 29.9 per cent over the same period of 2008, on the background of the growth by one quarter of the volume of granted credits, the bank announced yesterday in a press release. Last year, the bank increased its net gains by 96 per cent, to EUR 20.4 M. The volume of the credits granted by Italo Romena Bank increased by 25 per cent during March 2008-March 2009, to EUR 942.2 M, from EUR 751.99 M after the first three months of the past year. The assets of Italo Romena Bank increased around 13 per cent in the first three months of the past year. The assets of Italo Romena Bank grew around 13 per cent in the first three months of this year, to EUR 1.19 bln. The rate of the bad credits remained around 1 per cent, according to the press release of the bank.

Transactions worth RON 8.6 M for Impact, in May

Impact Developer & Contractor registered last May 18 transactions with a total value of RON 8.6 M, exceeding for the first time this year the results of the same period of 2008, when transactions worth RON 1 M were made, a press release of the company informs. Around 55 per cent of the total units which were acquired were contracted with full payment (funds from the supplier-developer or bank credits), up 21 per cent over the situation from the beginning of the year. The remaining beneficiaries appealed to solutions offered directly by Impact.

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