1.8 C
December 5, 2022


30 Romanian athletes in Vancouver

Romania will take part in the Winter Olympic Games in Vancouver (Canada) this February with a delegation consisting of 30 athletes. Octavian Morariu, the president of the Romanian Sports and Olympic Committee, was quoted by Agerpres saying that the chances to win Olympic medals are very slim but that there are hopes to finish in the top three in the bobsleigh and biathlon competitions. ‘I would say that we have certain priorities for these Winter Olympic Games. We will keep a close eye on what happens in the bobsleigh and biathlon events where we’ve had encouraging results’ he added.

Marius Sumudica, Gloria Bistrita’s new head coach

Jean Padureanu, the owner of Gloria Bistrita, has announced on Monday that Marius Sumudica will be the team’s new head coach, the club’s official website informs. The former striker will team up with Remus Vlad. ‘Since Florin Halagian has health problems, Gloria is looking for a new technical staff. I’ve insisted for Mr. Halagian to coach Gloria in the first half of the season; our wish was for him to continue in the second half too. He told us that he can no longer come’ Jean Padureanu pointed out.

Dakar Rally: Winners of second stage

France’s David Fretigne has won the second stage of the Dakar Rally 2010 in the motorcycle section. Racing on a Yamaha, Fretigne finished the race in 3 hours, 59 minutes and 20 seconds, being 43 seconds quicker than second place winner David Casteau. Martin Freinademetz, Romania’s representative, finished the race on 51st place. In the auto section the crew made up of Nasser Al-Attiyah (Qatar) and Timo Gottschalk (Germany) finished the stage on first place. Racing on a Volkswagen, the crew finished the race in four hours, 1 minute and 55 seconds, the result also putting them on first place in the general table.

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AutoItalia brings three new models to Romania

AutoItalia group prepares in 2010 to launch in Romania three new models from the Fiat brand and Alfa Romeo Giulietta, Iulia Tudor, PR of the local dealer for the Italian brands Fiat, Alfa Romeo and Lancia, declared yesterday, Agerpres informs. “The launching agenda in 2010 begins with Fiat Punto Evo in April and closes in September with two important events: the presentation of the new Fiat Doblo and of the Alfa Romeo model – Giulietta,” Tudor said. According to the events scheduled in 2010 by AutoItalia Group, after the official launching of Fiat Punto Evo in April, the model Fiat 500 C will be officially presented in June at the latest.

Sharp, Enel, STMicro to jointly make solar cells

TOKYO – Japan’s Sharp Corp said it will set up a joint venture with Enel and STMicroelectronics by March to make solar cells in Italy, in a bid to further tap the strong growth potential of renewable energy sources. Consumer electronics maker Sharp and Italian utility company Enel in 2008 announced their intention to make thin-film solar cells with a European manufacturer, but they did not identify the third company. The venture plans to start producing solar cells in early 2011 at STMicroelectronics’ existing facility in Sicily at an initial output capacity of 160 megawatts a year, which will eventually be raised to 480 megawatts. In addition to bank loans, each of the joint venture partners will invest up to 70 million euros in the project, Sharp said in a statement. The venture will be owned a third each by Sharp, Franco-Italian chip maker STMicroelectronics and Enel Green Power, an Enel group company.

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Nokia Made in Romania

The first Nokia mobile phones with the ‘Made in Romania’ label have started to be included in the local mobile communications operators’ holiday offers, ‘Ziarul Financiar’ informs. One of the phones assembled within Nokia’s plant in Jucu is the Nokia 5000, a mobile phone with photo camera, radio and color screen that costs approximately EUR 80 and that can be bought from the local telecom operators. Immediately after the opening of the plant in Cluj the Romanian workers were assembling one of the simplest and cheapest phones in the Finnish company’s portfolio. The start of production has in fact led to a business boom for Nokia in Romania: from EUR 7 M in 2007 to almost EUR 500 M in 2008.

Director of ‘Traian Vuia’ airport resigns

Alexandru Chirila, the new director of the Timisoara-based ‘Traian Vuia’ International Airport, has filed his resignation on Monday, Agerpres informs.

‘I resign because I have found here an economic-financial situation with significant problems. The institution is completely leeched. The airport has signed hundreds of contracts. Basically each contract has to be analyzed. This could lead to criminal dossiers,’ Chirila pointed out.

Dexia closes branches seven countries, including Romania

Dexia, the French-Belgian bank, will put up for sale or close down its branches in seven East European states, including its branch in Romania, after its rating was revised downwards by Moody’s, Belgium’s ‘L’Echo’ daily writes, being quoted by Agerpres. Dexia is facing high pressure in its main activity – the financing of local authorities.

After the European Commission, Moody’s also announced that the future of the economic model currently practiced by Dexia is uncertain. Moody’s has reduced the bank’s rating for financial solidity from ‘C minus’ to ‘E,’ arguing that its Eastern Europe division is the most vulnerable. The revision of Dexia’s financial solidity rating has led to more expensive loans on the inter-bank market. Dexia manages assets worth EUR 4 bln and is present in seven countries: Slovakia, Poland, Czech Republic, Romania, Hungary, Bulgaria and Croatia. The decision on the branches that will be closed or sold will be taken after talks held with European Commission representatives, ‘L’Echo’ daily writes.

Azomures sells stock in Dubai-based subsidiary

Azomures Targu Mures (AZO) has sold the stock in its Dubai-based subsidiary, Acta Fertilizers DMMC, to the company’s legal representative and manager for USD 400,000, Mediafax informs. The legal representative and manger of the company, Sabri Erzin Atach has bought the Azomures 79.96 per cent stock at the nominal share value, accordion to a press release of the chemical fertilizers producer. Azomures has a registered share capital of RON 52.6 M divided into 526 M shares each having a nominal value of RON 0.1. The company is controlled by Turkish investors through US-registered Eurofert Investments and through Azomoures Holdings LLC, holding together 75 per cent of the shares.

CFR Freight loses RON 190 M contract because of debts

CFR Freight – the national railway freight transport operator – has lost a RON 189 M contract to transport state-owned Conpet Ploiesti company’s oil products because of its debts, Agerpres informs quoting Transport Ministry information. Because CFR Freight has debts the company was disqualified at the end of last year from the tender organized by Conpet, a company owned by the Economy Ministry. If the prices offered by the two bidders would have been respected (CFR Freight – RON 42 per ton, Romanian Railway Group – RON 47 per ton) then Conpet would have saved approximately EUR 5 M during the three years of contract, with the volume of freight set to be transported annually standing at 1.5 million tons.

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Intelligence agencies
get higher budgets despite crisis

Intelligence services have funds as consistent as last year and even higher budgets, in spite of the current economic crisis which calls for massive budget cuts and massive lay-offs in the public system, daily ‘Evenimentul Zilei’ wrote in its yesterday edition. Thus, the Special Telecommunications Service (STS) got almost 40 per cent more funds than last year and the Foreign Intelligence Service (SIE) got 1.52 per cent more. The Romanian Intelligence Service (SRI) and the Guard and Protection Service (SPP) got the same amounts as last year. The wealthiest service is the SRI, which has a budget of RON 1.2 bln. It is followed by STS, with RON 466.5 M and SIE, with RON 214.3 M. The ‘poorest’ is the SPP, which will spend only RON 135.8 M this year. A significant part of these services’ budgets goes to personnel expenses, which grow bigger in some cases, while most institutions are expected to make drastic cuts of staff expenditures. SPP for instance will allocate 73 per cent of its funds to pay staff, an amount 2.7 per cent higher than last year, the newspaper said. The figures were criticized by several economic analysts, who told ‘Evenimentul Zilei’ that Prime Minister Emil Boc or Finance Minister Sebastian Vladescu should explain why these services got so much money.

Another left-wing party?

The Social-Democrat Party (PSD) won’t split but the creation of a new left-wing party under President Traian Basescu’s aegis, a party meant to compete with the party led by Mircea Geoana, is possible. The statement belongs to Social-Democrat MEP Corina Cretu and is part of a personal analysis on the state of the parties following last year’s Presidential elections. The analysis was posted on her personal blog. ‘I don’t believe that the scenario of a PSD split will work. However I do not rule out for example the creation of a new party under the aegis of President Basescu, a party that would compete against PSD on the left-wing, just as I am not ruling out that some PSD leaders and MPs might join that new party,’ Corina Cretu writes. She is proposing a series of solutions that would pull PSD out of the post-elections shock. The solutions include the need to promote the new generation of party leaders.

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