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November 18, 2019
SPORTS

NEWS IN BRIEF

League 1: Astra – Dinamo 1-1


In the last game of the 16th leg of the football championship, Dinamo could not win on Astra Ploiesti field, although it scored the two points of the evening: Claudiu Niculescu opened the score in minute 55, then the fullback Cosmin Moti mistook the goal in minute 63 and scored an own goal deviating a ball into the net. With this point, Dinamo remains on the 7th place, 5 points away from the group of the four teams which are at a draw at the head of the standings, namely FC Timisoara, CFR Cluj, Unirea Urziceni and Steaua.


Coach of the handball national men team gives up


The coach of the national men handball team, Petru Ghervan, has health problems and is obliged to give up the national team only two months after he took it over, replacing the suspended coach Aihan Omer. “At the first visit to the medic, some heart problems were noticed, the medic suspecting a pre-infarction which had not been treated. There is nothing to do, I did and I do anything for my career in handball, but I cannot sacrifice my health,” declared Petru Ghervan for Mediafax. Petru Ghervan assumed the position of coach of the national men handball team on October 12, replacing Aihan Omer, suspended for five years further to the attempt to bribe some referees before the match of the national team with Montenegro national team, in the WC 2009 preliminaries. Ghervan is also coach of CSU Bucovina Suceava, and he wants to remain there.


Men volleyball: CV Tomis Constanta eliminated from CEV Cup


The men volleyball team CV Tomis Constanta missed the qualification in the final eighths of CEV Cup, after it was defeated on Tuesday evening, in an away match, by the French formation Montpellier Volley, by the score of 3-0 (25-17, 25-16, 27-25), in the second leg of the final sixteenths. Tomis had won the first match also by 3-0 (32, 22, 15), but the French players obtained the qualification in the eighths after a match which lasted 74 minutes and finished dramatically, the Constanta players saving several match balls. Montpellier had 2-0 at sets and 23-18 in set three, but Tomis had a spectacular revival, scored several successful points, saved several balls, giving in finally by 25-27. Tomis will continue in the final sixteenth of the Challenge Cup.


Alberto Contador remains with Astana


The Spaniard Alberto Contador, the best cyclist this year, expects a difficult season in 2010, after he opted to go on with the Kazakh team Astana one more year. Contador won the Tour de France 2009 with Astana, team which included valuable cyclists starting with Lance Armstrong, Levi Leipheimer, Haimer Zubeldia, Andreas Kloden. They left the Kazakh team and next year they will compete under the colours of the American team RadioShack. “I am realistic, I know that I shall have a weaker team than in the previous years and therefore I must work more, motivate myself in training. Maybe I cannot win the Tour de France, even if I am in a good condition,” declared Contador who turned 27 on Sunday, quoted by Agerpres. The Spaniard hopes to make use of his experience obtained in the Tour de France 2009, when his differences with Armstrong pushed him to his physical and nervous limits.

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BUSINESS

NEWS IN BRIEF

Mercedes Benz invests EUR 3 M in auto
warehouse in Oradea



Yesterday, Mercedes-Benz Romania opened a new auto part and accessory warehouse in Oradea, the result of a EUR 3 M investment, Agerpres informs. The allocation of a seven-digit amount for the new location was intended to grow both the part inventory and a range of services for the Mercedes-Benz partners, focusing on a more cost-effective after-sale activity. ‘With a view to the market trends and the slow recovery of the economy, the company’s steps, consistent with the market reality and forecast, were designed to support and optimize our activity (…)’ Mercedes-Benz Romania President and CEO Michael Grewe stated. ‘The new central warehouse of original Mercedes-Benz parts and accessories has for main objective not only the increase of the satisfaction of end customers, but also the satisfaction of our authorized centres, to which we will be giving excellent support in their work (…)’, After-Sales Manager Mercedes-Benz Romania Philipp Hagenburger stated. The central warehouse of original Mercedes-Benz parts in Oradea stands on almost 4,000 sq m and includes about 13,500 single items of various categories starting with fuses and ending with engines and gearboxes.


VW buys USD 2.5 bln Suzuki stake; eyes world No.1 spot


Germany’s Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for USD 2.5 billion, tapping the Japanese firm’s expertise in small cars and dominance in India as VW seeks to become the No.1 automaker. The move is the second coup this week for ambitious VW Chairman Ferdinand Piech, coming on the heels of the German carmaker’s 3.9 billion euro (USD 5.8 billion) purchase of a 49.9 percent stake in sports car maker Porsche AG. Piech’s top lieutenant, VW Chief Executive Martin Winterkorn, was hopeful the Suzuki alliance would help catapult the Wolfsburg-based carmaker past industry leader Toyota Motor Corp ahead of plan.

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BUSINESS

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Only 48 pc of bank deposits from Romania are guaranteed


The deposits from the Romanian banking system are guaranteed only in a proportion of 48 percent, meaning RON 126.13 bn, from a total value of the deposits of RON 262.85 bn, according to the Fund for the Guarantee of the Deposits in the Banking System (FGDSB), Agerpres informs. The total value of the non-guaranteed deposits is RON 136.72 bln, accounting for 52 percent of the total value of the deposits from banks, FGDSB president, Eugen Dijmarescu, declared yesterday. He stressed that RON 91.13 bn are the guaranteed deposits of the natural persons, which represents 99.8 per cent of the total value of the deposits set up by natural persons. FGDSB has paid compensations to 327,465 depositors in the amount of RON 512.24 M, and in 13 years of activity it had seven interventions. The Fund has now at its disposal RON 1.2 bn to guarantee the cases of bankruptcy. Eugen Dijmarescu participated into the financial-banking seminar EU Cofile, organized by the National Bank, Alpha Bank and the Romanian Association of Banks.


BRD lowers interest rates of mortgage credits by 2-2.5 pc


BRD – Groupe Societe Generale has reduced yesterday its interest rate for mortgage credits by 2 – 2.5 percent, depending on the advance payment and on the financing period, while the interest rates for the guaranteed and non-guaranteed personal needs credits as well as for the auto credits are smaller by one per cent. Thus, for the mortgage credits the new interest rates are calculated in relation to the Euribor rate at three months, to which is added a margin ranging from 3 to 4.5 percent, a bank communiqué shows. In the case of RON-denominated auto loans the interest rates are adjusted downward by 1.1 percent to 9.9 percent and 12.5 percent for the acquisition of new cars, depending on the crediting period, the reduction being the same for second-hand cars where the interest rates reach 10.9 – 13.5 percent per year.

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BUSINESS

NEWS IN BRIEF

Flamingo requested insolvency


Flamingo International (FLA) requested on Tuesday the protection of the court against creditors, starting the judicial reorganization procedure, after ING Bank rejected its request of additional reduction of the debt and began the forced execution of the stocks from some shops on Wednesday, the retailer IT&C announced. Flamingo shareholders support the efforts of the management of the company to reorganize Flamingo, and will participate to the offer of bonds with maturity over five years, convertible into shares, an issue with a planned value of RON 29 M, the deputy general manager of Flamingo International, Adrian Olteanu, declared yesterday, at a meeting with the press, Mediafax informs. The discussions between Flamingo and ING failed, and the bank started the forced execution of the stocks from shops. ING decided to start the forced execution against Flamingo international, Flamingo Computers, Flanco International and Flamingo Distribution Center, further to the failure of Flamingo management to observe the terms of the understanding concluded on November 4, 2009 regarding the restructuring of the loan given in 2001. Apart from ING Bank loan, Flamingo has debts to UniCredit Tiriac Bank Romania – EUR 8.5 M, and BRD Groupe Societe Generale – EUR 6 M.


Gov’t endorsed ratification of Nabucco agreement


The Executive endorsed yesterday the draft law for the ratification of the agreement concluded in July between Romania, Austria, Hungary, Turkey and Bulgaria for the achievement of Nabucco project, and decided to send the normative act to Parliament for urgent debate, according to Mediafax. The document was signed last summer at Ankara, Turkey, by the five premiers of the states involved in the achievement of the project. Interim PM Emil Boc requested the General Secretariat of the Government to send the draft law to Parliament for urgent discussion. The dismissed Government has the right, subject to a law promulgated by the Head of State at the beginning of December, to initiate, in extraordinary situations, draft laws regarding the budget and for the ratification of some international treaties whose regulation cannot be postponed. The construction of the gas pipe is supported by the European Union, in order to reduce the import of Russian gas.


Romtelecom transfers 400 employees to Ericsson


Under an agreement made between the two companies, Romtelecom will transfer approximately 400 employees to Ericsson, for whom they will provide network management services as of January 11, 2010, the company informs by press release. The five-year agreement is for the outsourcing of specific field operations. Apart from that, Ericsson will take responsibility for the field corrective and preventive maintenance services in connection with commutation and power supply activities. The agreement supports Romtelecom’s strategy of enhancing cost-effectiveness and of giving its customers a portfolio of top-quality advanced innovative services of fixed telephony, data, broadband internet and TV.


Electrificare CFR-Alpine-Swietelsky obtained EUR 47 M contract in Bosnia


The association consisting of the state company Electrificare CFR and the Austrian companies Alpine Energie and Swietelsky obtained a contract of about EUR 47 M in Bosnia-Herzegovina for the capital repair of the rail line and the related contact line, on a distance of 147 km. “It is a major project which covers a period of three years, in which we shall perform the capital repair of the rail line and of the contact line. We participated in the auction in a joint venture with the company Alpine Energie,” declared yesterday, for Mediafax, the general manager of Electrificare CFR, Gabriel Badut. The contract will cover the period 2010-2012. Electrificare CFR and Alpine Energie will perform the works at the contact line, and Swietelsky at the rail line. Badut stressed that Electrificare CFR intends to participate together with the firm ISAF Bucuresti, member of the French group Colas, in an auction organized by the railway company from Greece, for the maintenance of the contact lines.

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