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February 26, 2021
SPORTS

NEWS IN BRIEF

Ioan Andone signs for UAE champion Al Ahli


Al-Ettifaq’s head coach Ioan Andone has signed on Monday a one-season contract with Al-Ahli, the new champion of the United Arab Emirates, sources close to the coach stated for Mediafax. Ioan Andone will continue to be assisted by Iulian Mihaescu and Ioan Manu, the people with which he worked at Al-Ettifaq too. Al-Ahli’s team includes only two foreign players – Brazil’s Bare and Clederson Cesar. Established in 1970, Al-Ahli was previously coached by Romania’s Ilie Balaci in 2003-2004. Balaci won the President’s Cup with Al-Ahli. Brazil’s Renato and Marcos Asuncao and Bosnia’s Slavisa Mitrovici are among the most famous players that had played for Al-Ahli.


Stanca, Amariei and Vintila could be free
of contract on June 22



Rulmentul Brasov’s handball players Carmen Amariei, Ionela Stanca and Simona Vintila could become free of contract on June 22 if their club won’t pay the wages it owes to them. The decision was taken on Tuesday during a Romanian Handball Federation meeting.


‘The players’ memos have been analyzed. The players are right because the contracts include terms that have not been respected. I cannot state what the club has to pay; all I know is that Ionela Stanca has a contract term according to which she has to be paid for the next season, while Amariei and Vintila have to receive 6-8 months worth of back payments. If the club will fail to solve these aspects the players will become free of contract, so they can sign for other teams as per the current regulations,’ Mihai Marinescu the secretary general of the Romanian Handball Federation stated for Mediafax. The federal official added that he hopes Rulmentul Brasov will solve the situation, being unfortunate for a valuable club that will play in the Champions League preliminaries to fall apart in this manner.

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BUSINESS

NEWS IN BRIEF

Fiat “won’t walk” after court delays Chrysler deal


Italian automaker Fiat SpA will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after the U.S. Supreme Court order put the deal in doubt. Both Chrysler and the Obama administration have said a long delay could kill the deal and result in Chrysler’s liquidation. Fiat can abandon the deal if it does not close by June 15.Taking over Chrysler is a big part of Chief Executive Sergio Marchionne’s ambitious goal of vaulting Fiat, Europe’s number-six automaker by unit sales, into the top ranks of world car makers.”Fiat will not walk away from the deal if it isn’t completed by the June 15 deadline,” its spokesman said. Fiat would not comment on the U.S. Supreme Court order until it had more information, he added. Fiat and other automakers have been battered by an unprecedented sales crisis sparked by the global economic slowdown. In another sign of flux in the industry, German automaker Porsche said it was in exclusive talks with Qatar investment fund QIA. A source said the talks were over a capital increase for common shares or sale of options on Volkswagen AG shares. (Reuters)


Vasilescu: Banks cannot be forced
to cut the interest rates



The banks are private institutions and cannot be forced to cut the interest rates for credits, in the conditions in which they obtained at a high cost their money because of the economic crisis, BNR spokesman, Adrian Vasilescu, told Realitatea FM in retort to the declaration of vice premier Dan Nica. The latter had warned that if the interest rates from the banking market from Romania do not fall within 30 days, the Government will keep its word and will overtax the profits of the banks. Adrian Vasilescu anticipates that the economy of Romania will somewhat recover until the end of the year. BNR spokesman cautions however that the Romanians will have to renounce the exaggerate consumption.


Deloitte Romania members promoted to regional partners


Deloitte Romania partner Alexandru Reff has been appointed partner in the Taxes and Legal Division of Deloitte the Balkans and Andrei Burz-Pinzaru, Manager at Reff si Asociatii (a law firm affiliated with Deloitte Romania – our note) has become a partner in the Equity Division of Deloitte Central Europe. Already a partner in Legal Services of Deloitte Romania, Alexandru Reff has been with the company since 1998. He graduated the Law School of the Bucharest University and obtained the highest score in the 2000 Bar admission examination, reads a Deloitte press release quoted by Mediafax. Previously Senior Manager at Reff si Asociatii, Andrei Burz-Pinzaru has been working for Deloitte for seven years, having made a notable contribution to the company’s results in the banking, mergers & acquisitions and stock markets areas.

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