SPORTS

NEWS IN BRIEF

Carstea, Niculescu qualify for second round
in Cincinnati



Romanian tennis player Sorana Carstea has qualified for the second round of the Cincinnati tournament, a tournament with total prizes of USD 2 M, Realitatea TV informs. Carstea, who has the best WTA rank from among the Romanian tennis players, defeated America’s Meghann Shaughnessy in the first round on Tuesday, score 7-5, 7-5. In the second round Carstea will play against Germany’s Anna-Lena Groenefeld. Monica Niculescu also qualified for the second round, after scoring a victory in the double event. Niculescu together with Uzbekistan’s player Akgul Amanmuradova defeated US couple Laura Granville-Carly Gulliskson, 6-2, 6-3.


Brazilian hurdler, Russian athletes banned
for doping



RIO DE JANEIRO – Brazilian 400 metres hurdler Lucimar Teodoro has been suspended for two years for doping, the Brazilian Athletics Confederation (CBAt) said yesterday. Having admitted to taking a banned substance and waiving her right to a test on the B sample, Teodoro received a minimum two-year ban, which runs until June 3, 2011, the CBAt said on its website. Also yesterday, biathlon world champions Albina Akhatova, Ekaterina Iourieva and Dmitri Yaroshenko have each been banned for two years after testing positive for the blood-booster EPO, the International Biathlon Union (IBU) said. The three Russians tested positive during a World Cup event in Ostersund, Sweden last December, the sport’s governing body said in a statement.


FC Gloria Buzau has been dissolved


On August 10 the leadership of SC Gloria Buzau SA announced that the football club has been dissolved. Marin Mihai, the president of the club, stated that the situation was caused by the significant debts incurred. Having returned to League I two years ago, after 20 years of absence, Gloria Buzau was demoted last season because of its poor results.

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Social

NEWS IN BRIEF

Deadly labour accident at Galati


A worker died yesterday morning at Galati, after the wall of a CEC Bank branch, collapsed over him, during repair works. The victim, Lambru Bojim, aged 54, had been working on the site for only 11 days, being hired by this company on August 1, according to the Territorial Labour Inspectorate. The labour accident occurred by 7.30 a.m., at CEC Bank branch from the center of the city, the rehabilitation of the unit having started recently. Soon after the beginning of the shift, a wall inside the bank collapsed over one of the workers who participated to the works. Galati Labour Inspectorate established that the worker who died was not participating directly to the demolishing of the wall which fell over him, the operation being performed in a wrong way by another employee.

Tragedies
on the roads



Two persons died, and another one arrived in a serious condition at the hospital, yesterday morning, after their car collided with a long vehicle on DN 1, in Sibiu county, close to Sacel. The car driver, aged 42, entered the lane going into the opposite direction and bumped into a long vehicle. The police officers believe that the driver had fallen asleep, because they did not find any trace of brake. Further to the impact, the driver and the woman from the back seat, aged 22, died instantly. Another young man, aged 22, was severely injured and was carried to hospital. The TIR’s driver, of Polish nationality, was not injured. Another person died, and other five were injured in a road accident which occurred on the night of Monday to Tuesday on DN 6, in Mehedinti County, where a car driven by a drunken driver entered the lane going into the opposite direction and collided with a minibus. Further to the impact, the car’s driver lost his life. Another two persons who were in the car were injured, the same as other three persons who were in the minibus which was coming from Italy.

Romanians,
suspected of the summer’s robbery



The Italian police suspects a group of Romanians with experience in spectacular robberies of having stolen in the past weekend the jewels of the Saudi princess Bhaina, who was on holiday in the luxury resort Porto Cervo from Costa Smeralda, La Stampa reports, quoted by “Ziua.” The thieves left fingerprints. The jewels, with a value of EUR 11 M, were taken together with the safe in which they were deposited, in the princess room, the operation taking no more than 10 minutes. The authorities consider the robbery, which took place a few days ago, “of an unprecedented seriousness,” the incident also stirring a diplomatic scandal. The authorities think that the thieves were helped by a person who works in the hotel.

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BUSINESS

NEWS IN BRIEF

Nuclear reactors 1 and 2 insured against damage for USD 672,000


Nuclearelectrica, the operator of the nuclear power plant in Cernavoda, has renewed its civil responsibility insurance contract with Nuclear Risk Insurers Limited (Great Britain). The value of the nuclear insurance bonus stands at USD 672,000 (RON 1.993 M). Nuclear Risk Insurers was the only bidder for this contract. The contract, signed in July, seeks to cover the damages that the two reactors might cause to third parties in case of a nuclear accident.


Also in July, Nuclearelectrica renewed its operational insurance contract for material damages to the two reactors with the British insurer. The value of the bonus stands at RON 9.5 M. In 2008 the nuclear power plant operator paid Nuclear Risk Insurers the sum of RON 12.01 M for insurance services, of which RON 10.31 M for the operational material damages insurance and RON 1.69 M for the civil responsibility insurance.


Electrica employees unable to purchase stock packages


Delegates with the Electrice Service and Univers Association respectively, affiliated with the National Trade Union Bloc (BNS), told a press conference yesterday that Electrica employees could not but stock packages up to 10 per cent of the share capital of privatized enterprise, despite being entitled to it by law, Mediafax reports. The implementation norms have not been drafted which led to the buying process being blocked. ‘We call on government to observe the principles of transparency, non-discrimination and impartiality in the privatisation process in the power sector, namely to extend the deadline to December 31, 2010, also for the former branch SC Oltenia SA, which branched off into CEZ Distributie SA and CEZ Vanzare SA,’ the president of the Electrica Service Association, Petrica Pohrib, said. BNS President Dumitru Costin blames the governments in 2002 for the situation, which did not give the employees the chance to exercise their ownership right.


FORT: Road tax should be correlated with transporters’ turnover


The Federation of the Romanian Transport Operators (FORT) wants the road tax to be correlated with the turnover of the transport companies, until the economic crisis is overcome, in order to stop the decline of the road transports, Mediafax informs. “The percentage weight of this tax should not exceed that of the past years, when business in transports was growing. In 2008, the road tax represented around 2 per cent of the turnover of a transporter, while now it is almost 10 per cent. This example can be extended to all the taxes paid by transporters,” reads FORT press release. According to the Federation, the most affected types of road transport are the specialized ones carrying a certain type of products, such as the refrigerating transports, the transports of construction materials or textiles. The transports of general commodities outside Romania are equally affected by the lack of exports and imports, dropping by up to 60 per cent against the same period of the past year.

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BUSINESS

NEWS IN BRIEF

Annual inflation rate
continues to drop:
5.06 pc in July



The consumer prices decreased by 0.07 per cent in July over June. Thus, Romania registers deflation for the first time after August 2008, while the annual rate decreased for the fifth month in a row, to 5.06 per cent, according to the data published yesterday by the National Institute of Statistics (INS). The last time when the consumer prices registered a monthly fall was in August 2008, when inflation had a negative level of 0.09 per cent. The main determinant of deflation in July was the curtailing of food prices, which dropped, as a whole, by 0.5 per cent compared to the previous month.


Significant fall of BT profit in H1, to RON 11 M


Banca Transilvania (BT) reported in the first half of this year a net profit of RON 11 M, 90.1 per cent less than in the same period of 2008, in the conditions of the growth of the provisions for credits, according to a press release of the credit institution. At the end of the mentioned period, the bank had provisions of RON 222 M, compared to only RON 16 M at the end of June 2008. BT operational profit advanced 57 per cent vs. the same period of the past year, from RON 148 M to RON 232 M. The operational revenue rose 17 per cent, to RON 571 M, on the background of the growth of revenues from financial operations and from interest rates.


Investors’ confidence
in Romanian economy improved in May-July



The confidence of the investors in the economy of Romania improved significantly in May-July, but it continues to be below the level from the same interval 2008, according to an opinion poll performed by Thomson Reuters and Oesterreichische Kontrollbank (OeKB), Mediafax informs.


UniCredit Tiriac Bank joins the “First House”


UniCredit Tiriac bank will begin to grant credits for the acquisition of dwellings under the “First House” programme, starting today, the maximum ceiling which was allotted being around EUR 17 M, according to a press release. There is no granting, management or repayment commission. The crediting period is at least three years and maximum 30. The bank finances maximum EUR 60,000 (the sum includes the first payment of 5 per cent made by the client) or the equivalent in RON from the price of acquisition of the property that will be purchased, of up to 95 per cent of the price.


AMOFM: Over 19,600 unemployed in Bucharest, in July


Unemployment rate in Bucharest at the end of July 2009 stood at 1.82 pc, with 19.628 people registered as jobless, 105 less than in June, Mediafax reports, citing figures released by the Bucharest Municipal Employment Agency (AMOFM). Unemployment rate in June reached 1.83 pc, with 19,733 people without a job. According to AMOFM, out of the total number of jobless people registered in Bucharest in July, 10,465 are women. Out of the people registered as being without a job, 12,931 receive unemployment benefits, including 6,873 women.

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