SPORTS

NEWS IN BRIEF

Diaconu fights for World title on Friday


`Laval boxer Jean Pascal will defend his WBC light heavyweight title against Adrian Diaconu on Friday at the Bell Centre in Montreal. Diaconu (26-1) will be gunning to regain the belt he lost to Pascal in the first fight in June this year. There, Pascal did all he could to avoid a toe-to-toe brawl with the stocky Diaconu, who likes to move forward and catch opponents with power shots. He darted in and out, had Diaconu down in the fifth inning, and survived an 11th-round onslaught to earn a clear decision. The winner will meet Connecticut native Chad Dawson (29-0, 17 KOs).


Forbes Top 10 best paid athletes in 2009


The US magazine Forbes drew up a top of the athletes with the biggest gains in 2009, taking into account both their salary and the money earned from sponsorships and publicity contracts. The American Tiger Woods, who is now in the middle of a scandal, is at the top of the classification. Charged with infidelity, the athlete has lost this week the contract with Gatorade. But the American cannot complain of lacking money. Woods earned this year EUR 67 M, 24.5 M more than the second best paid athlete, David Beckham. The first woman to classify in Forbes Top hardly ranks 22. The Russian Maria Sharapova earned this year EUR 20.5 M, the money being obtained chiefly from other activities than the tennis competitions.

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BUSINESS

NEWS IN BRIEF

Alpha Bank foresees deterioration of tax policy in Romania


A deterioration of fiscal policy is expected in Romania in the next months in the context of the local developments generated by the crisis, Alpha Bank Group chief economist Michael Massourakis stated at the financial and banking Cofile seminar organized by the Romanian Central Bank (BNR), Alpha Bank and the Romanian Banks’ Association (ARB). The Alpha Bank Group chief economist is, however, optimistic about developments in the Central and Eastern European region in 2010, pointing out that, although smaller, FDI had not disappeared entirely and would keep coming the following year. ‘One of the indications that make me believe there will be economic recovery in 2010 is the increase of foreign entries. In 2009, foreign investment continues getting in smaller volumes, but they nevertheless came. Compared to the EUR 25 bn pumped into the region in 2008, what we expect to see in 2010 is no more than EUR 10 bn’ Michael Massourakis.


Fitch confirms Bancpost and Banca Romaneasca ratings


Fitch confirms the ratings of Bancpost and Banca Romaneasca, further to the downward revision of the ratings of the parent banks from Greece, National Bank of Greece and EFG Eurobank, reads a press release of the financial evaluation agency, Agerpres reports. Fitch confirmed the “BBB” rating for the long term loans, with negative perspective, and the short term rating at “F3” for Bancpost, whose majority shareholder is EFG Eurobank.


The financial evaluation agency confirmed the “BBB” rating for the long term loans with negative perspective and the short term rating at “F3” for Banca Romaneasca, whose majority shareholder is National Bank of Greece.On another hand, Fitch Ratings modified on Tuesday the ratings of five Greek banks and revised downward the guaranteed governmental debt, further to the downward revision, on Tuesday, of the ratings of Greece for the long term debts in foreign currency and the local currency, from “A minus” to “BBB plus,” with negative perspective, and of the short term rating in foreign currency from “F1” to “F2.”


CC fines 48 bakers in Vrancea
and Maramures counties worth a total RON 6.3 M



The Competition Council (CC) fined with a total RON 6.3 M a number of 48 firms acting on the bread market of Vrancea and Maramures counties, because they operated simultaneous price hikes, and notified to the Prosecutor’s Office the case of Ioan Scurteli, former president of the Association of Romanian Cereal Wholesalers, whom it accused of infringing the Competition Law, Mediafax reports.


The competition watchdog opened the probe into the bread market and related sectors in 2007. “Following the probe, we confirmed the existence of an agreement between 17 companies of Maramures County and 31 of Vrancea County, which jointly rose the price of bread from 1.56 to 2.1 RON/kg, within three days,” CC president Bogdan Chiritoiu told a press conference yesterday.Out of the total fined sum, RON 5.66 M represents the sanctions to firms in Vrancea and RON 624,000 in Maramures. The bread price hikes made Vrancea consumers lose RON 8.33 M. “There are written documents that set various storage tariffs on the grain market and we fined the Association, but did not find enough evidence, which would stand in court, against the members,” Chiritoiu explained.


250 cabs to be authorized
at Otopeni Airport



According to the Ministry of Transport’s data, starting in 2010 the Otopeni Airport will have 250 authorized cabs that will charge regulated tariffs, Agerpres informs. The tender for offering the licenses started on Thursday. The regulated tariff will stand at RON 2.9 per kilometer. The maximum tariffs established by the Airport for cab transportation services stand at RON 3.5 per kilometer with a starting tariff of RON 3.5. The maximum tariff for waiting a client has been set at RON 35 per hour. According to the Airport representatives, 77 companies have filed their offers. The auto access permits will be issued for a maximum of five years, however each permit will be given a visa annually by the administration of each airport.

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