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October 28, 2020
SPORTS

NEWS IN BRIEF

Will Schumacher return to Formula One?


Ferrari is open to the idea of Michael Schumacher’s return to Formula One. Schumacher would thus replace Felipe Massa. According to Nicky Lauda, that would be the Italian team’s only realistic option and interest in Formula One would subsequently grow by 20-30 per cent, Realitatea TV reports. Felipe Massa’s accident and his temporary exit from Formula 1 have led to the compiling of a list with the pilots that could replace the Brazilian pilot during the last seven races of the season. At first it was rumored that Marc Gene, the team’s third pilot, would take part in the August 23 race in Valencia. Afterwards Luca Badoer was mentioned, and finally the attention was drawn to the amazing option of Michael Schumacher’s return. The German champion still has a contract with the Italian team and, according to ‘The Times,’ ‘Ferrari is open to the idea of Michael Schumacher’s return to Formula 1.’ The world champion’s big problem would be his physical fitness, with the three and a half weeks remaining until Europe’s Grand Prix being not enough for serious race preparations. Michael Schumacher, the winner of seven world titles, retired from Formula 1 in 2006.


Viorel Moldovan to coach FC Brasov


Dinu Gheorghe, the President of FC Brasov, has stated on Monday during a press conference that Viorel Moldovan is the new head coach of the team. Moldovan has signed a two-year contract. ‘I’ve ended the collaboration with Napoli. God wanted me to work with Viorel Moldovan. Moldovan has signed a two-season contract,’ Dinu Gheorghe stated. Dinu Gheorghe pointed out that the decision to cancel the collaboration with head coach Nicolo Napoli was caused by the Italian’s family problems. The FC Brasov official hopes that the team will manage to qualify for the Europa League. Viorel Moldovan was the head coach of FC Vaslui last season.


Mircea Sandu was not a Securitate collaborator


According to the National Council for the Study of Securitate Archives (CNSAS), Mircea Sandu, the President of the Romanian Football Federation, did not collaborate with nor did he have any dossier within the Securitate. Mircea Sandu had asked the CNSAS to see whether he has any dossier within the former intelligence service and the answer was negative, the FRF informs.

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Media Pro sells Media Pro Entertainment to CME


Businessman Adrian Sarbu signed an agreement stipulating the transfer of all entertainment operations owned by Media Pro to the American group CME, owner of the PRO TV company, Mediafax announces. The transaction was estimated at USD 97.6 million by the American bank Merrill Lynch. CME, which already owns 8.75 per cent of Media Pro Entertainment (MPE), will pay Sarbu USD 10 million cash, will offer him a package of 2.2 million CME shares (presently worth USD 44 million) and will offer him the possibility to buy an additional package of 850,000 CME shares in the future, at today’s price. Moreover, CME will overtake MPE’s debt of USD 36.5 million and will return Sarbu 8.75 per cent of the other activities presently included in Media Pro Management. By this acquisition, CME will create a content division including production, services and distribution units for all its regional subsidiaries.


Stew made of 250 kg of mushrooms in Covasna, President expected


The local population from Comandau, Covasna County, will prepare, at the end of this week, when the Days of the Commune are due, a stew of 250 kg of mushrooms, President Traian Basescu being invited at the event, Mediafax reports. According to the deputy mayor of Comandau, Opra Beni Janos, about 1,500 helpings of stew will be made from this quantity of mushrooms, that will be distributed to the participants in the event. This year, the Days of the commune of Comandau are held during August 1-2, and the local authorities have invited President Traian Basescu to the event. The Head of State and his wife have already participated, in August 2007, to the Days of this commune, the locality which is at the highest altitude in the region.

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Education Ministry denies sacking professors


The war between the labor unions from within the Education System and Education Minister Ecaterina Andronescu is continuing, with the three labor union federations from pre-college education accusing the Ministry of seeking to convince the school inspectorates through an internal note to resort to drastic job cuts, arguing that approximately 20,000 professors are set to lose their jobs. According to Realitatea TV, the labour union members claim that the Education Ministry’s note is devoid of any judicial value and infringes on the social dialogue law, the Collective Work Contract and the Labour Code. Nevertheless, Ecaterina Andronescu states that the job cuts within the Education System will not target the full professors, the measure instead targeting only the System’s unqualified personnel, personnel that amount to approximately 12,000 people. ‘We have never planned to destroy the existing structures, to sack full professors and to destabilize the classes. We consider it timely to hike the number of pupils in one class from 15 to 23-25 where appropriate and to remove the unqualified staff from the system,’ the Education Minister stated yesterday for Mediafax. She pointed out that vacant positions have been left after the entitling competition, positions that will probably be filled in by substitute teachers. Given the fact that the substitute teachers are both qualified and unqualified, the Minister of Education has opined that it would like for the substitute teachers filling in the vacancies to be qualified. The number of teachers cannot be established until autumn when the public session of distribution will be over.


Pawnshop robbed in Constanta


Two young men broke into a pawnshop in Constanta yesterday and took off with RON 11,000 and several gold jewels.


According to police officers quoted by Mediafax, the two young men who had their heads covered entered the shop and broke into the room in which the shop’s money and jewels were stored. The shop’s saleswoman panicked and did not press the alarm button. The woman hid in a nearby room and the two thieves left with the sum of RON 11,000 and several gold jewels.


The spokesperson of the Constanta Police stated that the robbery lasted two minutes at most. The pawnshop has a CCTV system and the police officers hope that the images will help them identify the two thieves.


Buzau: Worker trapped under mud bank rescued by colleagues


A mud bank collapsed over a construction worker yesterday in Cislau locality, Buzau County. The man was rescued by his colleagues after a significant quantity of mud collapsed on top of him. The man’s head was not covered by mud and his colleagues managed to dig him out before the rescue teams arrived. The man was conscious and was taken to the Buzau County Hospital. The man was working on the construction of the locality’s sewerage system.

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BUSINESS

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Banks demand BNR to eliminate minimum compulsory reserves for over two-year deposits with
anticipated reimbursement clause



Banks demand BNR to eliminate minimum compulsory reserves for foreign currency deposits of over two years, with anticipated reimbursement clauses, Mediafax announces. Bank representatives claim that this is an international practice in contracting financing lines. “We restarted negotiations with BNR regarding the calculation of the minimum compulsory reserves for foreign currency deposits of over two years. BNR accepts to eliminate them only in case there were no anticipated reimbursement clauses, therefore the measure adopted in May has no effect. The reimbursement clause is an international custom,” the President of the Romanian Banks Association (ARB), Radu Ghetea declared. Starting this May, the central bank decided to eliminate minimum compulsory reserves for foreign currency deposits of over two years, if there was no anticipated reimbursement clause.


Romgaz and Petrom interested to take under concession perimeters in the Black Sea


Romgaz Medias, Petrom (SNP) and several foreign companies are interested to participate to an auction over the granting under concession of almost 30,000 sq km of the continental plateau of the Black Sea and from the land, auction which ANRM will initiate in early November. “Now we are delineating the perimeters, in number of 30, each of them having no more than 1,000 sq km,” the president of the National Agency for Mineral Resources (ANRM), Gelu Maracineanu, declared yesterday for Mediafax. He added that ANRM has had so far discussions with several companies interested to take these perimeters under concession, some of the companies being from Canada, Great Britain and the US. The winning bids will be announced in June next year. ANRM will publish the announcement also in the Official Journal of the European Union at the end of October or the beginning of November.


Arcelor Mittal Galati uses coke imported from Poland


Arcelor Mittal Galati began to use coke imported from a plant of the group, from Poland, the first quantities of coke being brought by barge and by rail, according to the company, Agerpres informs. Arcelor Mittal closed the units from Galati in June, invoking competitiveness reasons. The company announced that it will bring the necessary coke from Poland and will continue to import the raw material when the production in Romania is resumed. The Coke-Chemical plant of Arcelor Mittal Galati started operations in 1973, after a similar unit had been opened in Hunedoara. The iron and steel group Arcelor Mittal has four iron and steel plants in Romania, at Galati, Roman, Iasi and Hunedoara. Besides them, there are the port operator Romportmet Galati and the company Arcelor Mittal Construction Romania.


Rising traffic at Cluj Airport


Passenger traffic at the Cluj-Napoca International Airport was up 5 per cent in the first six months of this year compared to the first six of 2008, Mediafax reports. Airport Manager David Ciceo says the total number of passengers on domestic and international flights in January-June 2009 was 334,673 compared to 319,178 in January-June 2008. ‘It was an exceptionally important achievement in the current international economic crisis and plunging passenger traffic on other airports in Europe’, Cicero said. The head of the Cluj-Napoca International Airport hopes to keep the 5 per cent growth pace and reach a total traffic of 800,000 by the end of the year compared to 752,000 reported in 2008.


Blue Air to attract 5,500 passengers on Bucharest-Cluj route


Blue Air hopes to attract 5,500 passengers to its new Cluj-Napoca – Bucharest route by the end of its summer time-table at the end of October, according to Mediafax. Blue Air PR Manager Florentina Ivan says the booking rate of that specific flight will be 75 per cent by the mentioned date. ‘We want to keep the flight in our winter time table as well, because we believe it could become one of our best routes,’ Ivan said. On July 22, Blue Air introduced a domestic flight from Cluj-Napoca to Bucharest with prices from RON 214 – one way flights – and return fares from RON 174. Blue Air operates five weekly Cluj-Napoca – Bucharest – Cluj-Napoca flights.

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Mobius, FTI: Exchange market has big growth potential 3-4 years from now


Romania’s stock exchange market might grow 2 to 3 times over the next 3-4 years, as the local market is among the most undervalued in the world, Mark Mobius, the Executive Chairman of Franklin Templeton Investments (FTI) – the company chosen to manage the assets of ‘Proprietatea’ Fund – stated yesterday, at the opening of the trading session at the Bucharest Stock Exchange (BVB). In his opinion, the unlisted companies traded on the stock exchange are among the most attractive opportunities of investment, he explained, quoted by Agerpres.


According to Mobius, Franklin Templeton Investments has USD 24 bln available for global investments, Romania included.


“We are present here to benefit from this growth. In general, we make long-term investments and the average period of holding a portfolio, for Franklin Templeton, is five years,” the FTI official said.


The company, which has been operating on the local market for the last 12 years, has direct investments in Romania that amount at USD 15 M, as well as indirect investments, through East-European companies which also hold stock in Romania.


Mobius declared that the bottom of the financial crisis has been reached at global scale and there are recovery signs on the stock exchanges, which show the economy will recover next year. The scenario of a strong increase of the shares listed on the Bucharest Stock Exchange (BVB) is realistic, after the 80-90 pc decline in 2008, brokers say.


Foreign investors: Bureaucracy is Romania’s biggest problem


Foreign business people have voted bureaucracy to be the main problem of the country’s business environment, shows an online survey performed by Enescu & Cuc Law Firm. The same survey gives a grade of 3 (out of 10) to the Romanian State for its activity of encouraging foreign investment in Romania and a 2 for the Government’s anti-crisis strategy. “The opinion of those bringing money in the country must be carefully observed,’ stated Camelia Enescu, a partner in the Law Firm in a press release. Besides the problem of bureaucracy, which was raised by almost 99 per cent of the participants of the survey, the business people include fiscal instability and the lack of infrastructure in a top 3 of impediments in their activity in Romania.

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POLITICS

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Nemirschi Commision concludes hearings, report due on August 12


The Parliament’s Commission that looks into the case of Environment Minister Nicolae Nemirschi yesterday concluded its hearings and ended the analysis of the paperwork concerning the awarding without tender of an advertising contract worth EUR 500,000 to Ars Advertising company. The Commission will present its report by August 12. The chairman of this parliamentary commission, Social-Democrat MP Mircea Dusa said he is content with the hearings, adding that the documents received by the Commission are sufficient in view of reaching a conclusion. Commission members wished to find out how Ars Advertising obtained from the Environment Ministry the contract worth half a million euro, as the first contract, of EUR 1.2 M, was fulfilled of an unsatisfactory manner. Meanwhile, Nemirschi and the contract are also probed by the General Prosecutor’s Office, after the National Integrity Agency (ANI) filed a complaint on the matter.


The Democrat-Liberals yesterday voiced their disagreement over Nemirschi’s case. “I don’t think Nemirschi will be man enough to resign”, said PD-L Deputy Petru Calian, asking for PM Boc’s intervention.


Ombudsman’s activity volume increased in 2008


Ombudsman Ioan Muraru yesterday said the activity volume of the institution he represents registered an increase in 2008, with respect to the number of complaints it received, the number of audiences granted and recommendations it made. “We granted 17,783 audiences in 2008, compared to 1,500 in 2007. We registered 8,030 petitions, from slightly over 6,000 in 2007. The institution’s Dispatch received 5,820 phone calls. We conducted 42 investigations and made 12 recommendations. We made two special reports which we submitted to the Parliament,” Ioan Muraru declared yesterday, on the occasion of presenting the Ombudsman’s activity report for 2008, quoted by Agerpres. According to Muraru, most petitions referred to restitutions. Ioan Muraru also announced he will propose the Parliament to set up the Ombudsman for the Army – an institution existing for a long time in some European countries, with the role of solving the problems of Army employees and their families.

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