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January 17, 2022


Romanian wins skiing event

Romanian skier Ioan Gabriel Nan, a member of the Romanian delegation that will take part in the Winter Olympic Games in Vancouver, has won the special slalom event (citizen category) in Austria’s Gostling-Hochkar locality, finishing the race in 1 minute, 28 seconds and 52 hundreds of a second, Agerpres informs. Nan was followed by Greece’s Stephanos Tsimikalis (1 minute, 28 seconds and 81 hundreds of a second) and Germany’s Martin Dengler (1 minute, 29 seconds and 6 hundreds of a second). In the second race Nan finished 6th with a time of 1 minute, 30 seconds and 82 hundreds of a second. The race was won by Austria’s Sebastian Brandl (1 minute, 30 seconds, 14 hundreds of a second).

Mirel Radoi Saudi Arabia champion

Al Hilal, the team for which Mirel Radoi plays, has won Saudi Arabia’s football championship after winning its away-game against Al Hazm on Sunday evening, score 2-0. The game counted for leg 19 of the championship, with the goals being scored by Al-Mehyani (40th minute) and Al-Aabed (73rd minute). With three legs to go before the end of the season Al Hilal has totaled 50 points and can no longer be caught up by Al Shabab (37 points) and Al Ittihad (36 points).

Wotte: ‘Universitatea needs more discipline’

Mark Wotte, Universitatea Craiova’s Dutch head coach, stated that although the players have shown a certain improvement since he arrived there, the team needs more discipline. ‘I know that the press wrote that I allegedly am a strict head coach and that’s true. This team needs strictness. If I have a disciplined, mentally strong and physically fit team then I can relax. There are nevertheless improvements in what concerns the players’ attitude. During the first days they all complained of something. And I told them the following thing: ask your fathers how much money they’re making and compare their salaries with yours,’ Wotte said.

Hydrogen buses
for green Olympics

The organizers of the Winter Olympic Games in Vancouver have announced that during the Games the public will be able to use 20 hydrogen buses in order to reach Whistler, the famous mountain resort that hosts the competitions. The 20 buses form the largest bus fleet of its kind in the world, being inaugurated at the end of last week. The first vehicle of this type was built in Vancouver in 1993 by Canada’s Ballard company. The USD 89.5 M project was mainly financed by Canada’s federal government.

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President Basescu
promulgates state budget

President Traian Basescu signed yesterday the decrees for the promulgation of the state budget and of the social insurance budget for 2010, Presidency informs. President Traian Basescu signed on Monday the decrees for the promulgation of the State Budget Law 2010 and the State Social Insurance Budget Law 2010, according to a press release of the Presidential Administration. The State Budget Law 2010 and the State Social Insurance Budget Law 2010 were passed on January 14 by Parliament.

The Economist: Romania will attract USD 8 bln FDI
in 2010

The foreign direct investments (FDI) in Romania fell by half in 2009, from USD 13 bln to USD 6 bln, but will grow to USD 8 bln this year and to USD 11 bln in 2011, according to a document of Economist Corporate Network, part of The Economist group, Mediafax informs. Economist Corporate Network estimates for this year a growth of GDP of around 1 per cent, after a decline of over 7.4 per cent last year, in the context in which the economic growth in the Euro zone will also remain fragile, while demand on the main export markets for Romania will further be at a low level. “The hardening of the fiscal policy will discourage the budgetary expenditures, while private consumption will be constrained by the high unemployment level. The economic relaunching will consolidate starting in 2011, when a growth of 3.5 per cent is estimated, sustained by the stronger revival of the states from Western Europe,” the Economist also shows.

New management of Jones Lang LaSalle offices from Bucharest

The management of the local office of the real estate firm Jones Lang LaSalle was taken over at the beginning of this year by Troy Javaher, appointed country manager, after Thierry Delvaux, who was managing director for Romania and Hungary, was promoted in the offices of the firm from Washington. Troy Javaher will further manage also Capital Markets department from the Romanian office, position held until his appointment at the head of the local operations, reads a press release of Jones Lang LaSalle. Troy Javaher is one of the founders of the office from Bucharest of the American company, in 2007.

Romanian Winegrowers launched a promotion site in Great Britain

Romanian Winegrowers Association, a group of eight wine producers from Romania, launched the site romanian-winegrowers.com created purposely for the wine market from Great Britain, a press release informs. The producers consider that the new site will facilitate the trade with the importers from Great Britain, offering essential information about Romania, the most important wine and grape regions, and also the latest news, financial data and awards obtained by the domestic representative wines. Members of the Romanian Winegrowers Associations are Odobesti, Domeniile Sahateni, Domeniile Segarcea, Halewood Romania, Recas, Serve, Stirbey and Vinarte wine cellars.

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Average yield of state titles at new minimum

Public Finance Ministry (MFP) announced in a press release that it sold yesterday, in the last auction from January, treasury certificates with maturity over six months for almost RON 1 bln, a level similar to the planned value, with an average yield of 7.88 per cent per year, a new minimum level since 2007. More exactly, the value of the sold titles rose to RON 999.97 M. The maximum yield was 7.99 per cent per year, while the total value of the demand for titles from the commercial banks rose to RON 3.29 bln. The most recent operation of this type had been organized on January 11, when MFP sold titles worth RON 1.34 bln, over the scheduled value of RON 1 bln, with an average yield of 9.24 per cent. The maximum yield accepted at that date was 9.25 per cent per year.

Hidroelectrica deferred acquisition of wind projects

Hidroelectrica deferred the negotiations for the acquisition of wind projects, and the taking up of credits, because the Government decided to amalgamate several energy assets into two national companies, Mihai David, general manager of the company, declared on Monday for Mediafax. He had stated, in November 2009, that Hidroelectrica was negotiating with three Romanian companies the acquisition of a wind project, with an installed capacity up to 100 MW, the first of this type of the company. The company postponed, for the same reason, the discussions over the loans. According to David’s declarations from November 2009, the company intended to take up loans totaling EUR 235 M.

Romanian Stock Exchange had 7.2 pc growth in January

BET index of Bucharest Stock Exchange registered a growth of 7.2 per cent in 2010, placing Romanian on the tenth place in a classification of the evolution of 82 capital markets from the whole world in January, made by the British research company Bespoke Investment Group, Mediafax informs. BET index of Bucharest Stock Exchange includes the ten most liquid listed shares. The capital market from Estonia had the biggest growth from the beginning of the year until the end of the past week, namely 30.01 per cent, according to Bespoke Investment Group site. Growths of over 10 per cent registered also the stock exchanges from Latvia (15.04 per cent), Malta (13.27 per cent), Bangladesh (12.34 per cent), Lithuania (11.29 per cent), or Kenya (11.73 per cent). Among the states with the best ten performances in 2010 we find also Egypt (9.76 per cent), Venezuela (7.63 per cent) and Croatia (7.56 per cent). In Central and East Europe, the capital market index of Ukraine rose 7.08 per cent, that of the Czech Republic by 5.92 per cent, of Hungary by 1.07 per cent, 1.46 per cent in Serbia, 1.44 per cent in Slovenia, 1.33 per cent in Bulgaria, and 0.8 per cent in Poland. The biggest fall of the analyzed states was registered by Slovakia – 12.36 per cent. Among the most important economies of the world, China registered the biggest fall of 4.53 per cent, followed by Germany – 4.4 per cent, India – 3.46 per cent, France – 2.94 per cent, Russia – 2.49 per cent, USA – 2.09 per cent, and the London Stock Exchange – 2.03 per cent.

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