SPORTS

NEWS IN BRIEF

Camelia Potec won bronze medal at 1,500-metre freestyle


Swimmer Camelia Potec won on Tuesday the bronze medal at 1,500-metre freestyle at the World Swimming Championships in Rome. This was the only medal won by the Romanian team at this edition. Potec achieved a time of 15:55.63. The gold medal was won by the Italian Alessia Filippi, aged 22, with 15:44.93, who registered a new European record, surpassing the one established in April by the Romanian swimmer (15:52.84, editor’s note). The silver medal was won by the Danish swimmer Lotte Friis, who registered 15:46.30.


Polo: Romania failed to qualify for the World Championship Semi-finals


Romania’s polo team was unable to qualify for the World Championship Semi-finals in Rome, after being defeated by last year’s World Champion Croatia by 7–5 and will compete with the Hungarian team for places 5–8 in the world standings. Istvan Kovacs’s team will play vs. Hungary’s national team, defeated by Serbia in the quarter-finals with 10–9.


Sorana Carstea qualified in the quarter-finals of the tennis doubles at the Tournament in Stanford


The doubles’ team consisting of Sorana Carstea and Marina Kirilenko (Russia) qualified on Tuesday evening for the quarter-finals of the Tournament in Stanford (USA), the official website of the competition announces. The total value of the prizes for this competition is over USD 700,000. Carstea and Kirilenko, who are on the first position in the viewers’ preferences, defeated Laura Granville and Carly Gullickson (USA) during the opening round, after three sets (5–7, 6–3, 10–5).


BMW to quit Formula One at end of 2009


BMW rocked Formula One on Wednesday by announcing their exit as a team and engine supplier at the end of 2009. The Munich carmaker’s abrupt decision, after a dismal season on the track and with the industry in crisis, leaves the glamour sport with just four manufacturers – Fiat-owned Ferrari, McLaren’s partners Mercedes, Renault and Toyota. However, three new teams are due to enter next year with others on standby.

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Social

NEWS IN BRIEF

Grenade found in rubbish bin


A Braila municipal sanitation worker found a grenade in a rubbish bin while looking for some food, on Wednesday. The man’s work consists of tipping rubbish bins and emptying their content. When he found the grenade, he took it out of the bin and than called 112. The pyrotechnical team of the ‘Dunarea’ Braila Emergency Inspectorate went to the scene, collected the item and realized it was a defense grenade without a warhead. It was transported and stored to be destroyed.


Adrian Sarbu, CEO at CME


Adrian Sarbu is, starting on Tuesday, the Romanian who holds the highest executive position in a multinational company, holding the offices of chairman and executive officer of Central European Media Enterprise (CME). CME is a company which operates 18 TV channels in seven former communist countries from Central and Eastern Europe – Romania, the Czech Republic, Slovakia, Slovenia, Croatia, Bulgaria and Ukraine. CME covers a market of 97 million TV viewers. CME owns in Romania the company Pro TV SA, which includes the TV channels Pro TV, Acasa, Pro TV International, Pro Cinema, sport.ro and MTV Romania. Sarbu also owns 5 per cent of the company Pro TV SA. Further to the transaction through which Sarbu sold to CME the entertainment division of Media Pro, he will hold also around 5 per cent of CME shares.


EUR 2.5 M for Romania’s pavilion at EXPO Shanghai


The Ministry of Foreign Affairs warded a contract worth EUR 2.5 M (VAT excluded) to Shanghai Zhongyuan Construction Group Co. Ltd. Of China, following a tender, which will make works of design, execution and demolition for the Romanian pavilion at the Shanghai World Exhibition of 2010. The contract refers to the design, execution, equipping and demolition of Romania’s Pavilion at the ‘Better City – Better Life’ Shanghai 2010 Expo. The total is worth a total EUR 2,440,607 (VAT excluded) and was awarded, through open bidding, to the most economically advantageous offer. The winner company may not subcontract the works.

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BUSINESS

NEWS IN BRIEF

FP’s share capital to be lowered by RON 444 M


The share capital of the ‘Proprietatea’ Fund (FP) will be lowered by RON 555 M, from RON 14.24 bln to RON 13.685 bln, while the face value of a share will stand at RON 0.77, according to the president of the FP Supervisory Council, Mircea Ursache, quoted by Agerpres. The Fund’s share capital will be diminished by erasing 555.403 million unpaid shares belonging to the Romanian state, represented by the Ministry of Public Finance (MFP). Any person who accepted FP stock, concluded any legal relation with the state with respect to damages and cannot have any further claim, Mircea Ursache declared Wednesday, at the opening of the trading session of the Bucharest Stock Exchange (BVB). “The share could have even reached RON 1.20. What would he have done then? Bring the money back?” – the president of the FP Supervisory Council pointed out.


The Romanians are more budget-minded


Over 90 per cent of the Romanians have become more careful with the way in which they spend their monthly revenues, considering that about half of the population have felt much or very much the financial crisis, according to a survey made by the credit broker Kiwi Finance. The survey called “The Romanians, after a year of crisis. Reactions and decisions” was made during May-June, in the urban environment, on a sample of 1,000 persons, with revenues between EUR 400 and 2,000. One third of the respondents said that they were little affected by the recent economic crisis, while 16 per cent answered that the economic changes have affected very little or even not at all their professional and personal situation.


Microsoft and Yahoo ink 10-year Web search partnership


NEW YORK – Microsoft Corp and Yahoo Inc inked a 10-year Web search deal to better compete against market leader Google Inc but stopped short of combining their display advertising businesses. Shares of Yahoo, which had risen in recent weeks in anticipation of this deal, fell more than 7 percent in premarket trading, while shares of Microsoft edged higher.The deal will boost Yahoo’s annual operating income by about USD 500 M and yield capital expenditure savings of USD 200 M, the companies said in a joint statement yesterday. Microsoft’s Bing search engine will be the exclusive algorithmic search and paid search technology for Yahoo’s sites, while Yahoo will be responsible for selling premium search ads for both companies. Each company will maintain its own separate display advertising business and sales force, they said.

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