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Bucharest
November 25, 2022
SPORTS

NEWS IN BRIEF

Renzo Rossi returns to Rapid


Italy’s Renzo Rossi was officially presented Thursday as Rapid Bucharest’s sports manager. ‘I’m greatly pleased to be back at Rapid. I met again with many people at this club where I feel good. My activity at Rapid will be a great deal more complex. My job tasks are so many. All the Romanian football is restructuring, not only Rapid. This is a challenge to me. My priority is for the team to play well,’ he said. Rossi will cooperate with the technical staff of the senior teams and will have special duties linked to coordinating the activity of the second team and the Children’s and Juniors’ Center. Renzo Rossi returns to Rapid more than two years after he parted ways with the team where he had been an assistant to chief coach Cristiano Bergodi July through October 2007.


Rudel Obreja’s suspension,
contested



The International Amateur Boxing Federation (AIBA) filed an appeal in Rudel Obreja’s name calling for a reduction by the Disciplinary Commission of the 11-year suspension handed out to the president of the Romanian Boxing Association January 20, to a more reasonable and proportionate interval, Agerpres reports. AIBA holds the 11-year sanction as exaggerated and due to harm the Association, considering Obreja’s fair and responsible conduct while its head. If the AIBA accepts the appeal, the Appeals Commission will have ten days to reach a relevant decision, reads a posting on the AIBA website.

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BUSINESS

NEWS IN BRIEF

Astra Vagoane Calatori Arad seals deal with Siemens


The management of Astra Vagoane Calatori Arad has recently signed a contract with Siemens for the production of tramways, the investment in the manufacturing line amounting to EUR six M until the end of the year, according to Siemens press bureau.


Valer Blidar, owner of Astra Vagoane Calatori Arad, declared to the correspondent that the tramways produced at Arad are intended largely for the domestic market, consisting of three wagons each. Their price will be 25-30 per cent smaller than on the international market. “There is market in Romania at this moment, because almost all the big cities invest in the rehabilitation of the traffic lanes and need new wagons. It is a profitable affair, both for Astra and Siemens,” Blidar said. He added that the first tramway will leave the manufacturing line in the third quarter of the year, and the number of tramways to be manufactured in the future will depend exclusively on the existing demand.


Carpatair fleet receives Fokker
70 new aircraft



Carpatair is joining major European air operators flying with Fokker 70 aircraft and, becoming the only South-Eastern European airline operating 70-80 seat jet airliner, the company informs by press release. The first of the three ordered planes already flew from Timisoara to Chisinau early this week. The other two planes will be delivered in February and March 2010. ‘We will be using Fokker 70 on flights to existing destinations, but, this spring, we will launch dedicated routes for it as well, from Timisoara. Bucharest and from other cities’ President & CEO Carpatair Nicolae Petrov stated. Currently, Carpatair operates over 250 flights every week to a total of 30 destinations in six countries and is the largest regional airline in SE Europe (mainly operates on regional niche markets).


Record fall of air traffic


The international air traffic of passengers and commodities registered in 2009 an unprecedented fall after WW II, according to the International Air Transport Association (IATA), Romania Libera informs. The passenger traffic dropped last year by 3.5 per cent, for an average occupation degree of the transport capacity of 75 per cent, reads an IATA press release. In the case of the transport of commodities, demand decreased by 10.1 per cent. “From the point of view of demand, 2009 is the worst year in the history of the industry. We have lost for ever two and a half years of development on the market of passenger transport and three and a half years of growth in the commodity transport,” IATA general manager, Giovanni Bisignani, declared. “The improvements at the level of the revenues will be slower than the demand growth rate. Profitability will be even more difficult to recoup, and the air flight companies could lose USD 5-6 bln in 2010,” Bisignani stressed.

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NEWS IN BRIEF

Notable growth of GarantiBank Romania assets in 2009


GarantiBank Romania almost doubled its assets and posted over 50 per cent loans’ growth for 2009 compared to 2008, defying the adverse economic context. More exactly, according to a press release, last year the bank’s assets grew to EUR 830 M from EUR 450 M in 2008. At the same time, the loans granted by the bank also went up to EUR 550 M from EUR 350 M in 2008. On January 22, 2010, GarantiBank was one of the first banks to announce a cut by up to 1.8 per cent of interest rates for all EUR retail mortgage loans.


‘The growth our bank registered last year was possible because of a solid risk and cash management strategy and, perhaps the most important thing, thanks to the support we have been given to our customers during this difficult period. (…) We intend to implement the same policy in 2010 – year when we expect to continue our growth on the Romanian banking market’ GarantiBank Romania General Manager Murat Atay states in the press release.


Competition Council clears Oltchim to take over Arpechim’s petrochemical operations


The Competition Council gave chemical works Oltchim Ramnicu-Valcea green light to take over the petrochemical operations of Arpechim refinery, held by OMV Petrom (SNP), the institution’s president Bogdan Chiritoiu announced yesterday. “We issued the approval on Monday. As of this moment, there is no legal competition-related obstacle against completing this deal,” Chiritoiu said. Sources close to the transaction declared that, in these conditions, takeover procedures could be completed by the end of this week. Oltchim officials announced last December that they finalized negotiations with Petrom for taking over Arpechim’s petrochemical activity. The transaction comes at a price tag of EUR 13, to be borrowed by Oltchim from a bank, without state guarantees.


Petrom transfers gas acquisition and trading to Petrom Gas


Petrom’s gas acquisition and trading activities will be transferred to Petrom Gas SRL in February, the company will manage gas measurement, internal company gas consumption deliveries and the underground storage of the gas, Mediafax informs. ‘We perform on a dynamic market to which we have to adjust fast. The new structuring of our gas activities will shortly bring visible benefits: it will facilitate relations with our clients for whom we will now use a single interface, will lead to cost-effectiveness by generating synergies and will also improve our answer to market requirements’ Petrom Board member in charge of gas, energy and chemical products Gerald Kappes states in the press release.

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