SPORTS

NEWS IN BRIEF

Tennis: Hanescu in last-16 stage
in Buenos Aires



Romanian tennis player Victor Hanescu has qualified for the last-16 stage of the ATP tournament in Buenos Aires, a tournament with total prizes of USD 475,300, after he defeated Argentina’s Eduardo Schwank on Monday in the opening round, score 6-3, 7-5. Hanescu, the tournament’s top seed 7, won the game after one hour and 26 minutes and will receive a check for USD 7,800 and 20 ATP points. In the last-16 stage Hanescu will play against the winner of the game that pits Austria’s Daniel Koellerer against a player from the qualifiers.


Foreign referees banned in League 1


The Romanian Football Federation published on Tuesday a letter it received from Angel Maria Villar Llona, the president of UEFA’s Commission for Referees. In the letter he expresses his opposition against the presence of foreign referees in Romania’s championship. ‘The technical and physical fitness of the referees affiliated to your federation, as well as their integrity, point to the existence of a standard that is as high as possible. I can assure you that the Romanian football enjoys my full support now as it will in the future and I reject any information according to which foreign referees might referee Romanian championship games,’ Angel Maria Villar stated in the letter.


Cycling-Judge issues arrest warrant against Landis


A French judge has issued an international arrest warrant against American rider Floyd Landis for suspected hacking into an anti-doping laboratory computer, French anti-doping agency head Pierre Bordry told Reuters. “French judge (Thomas) Cassuto from the Tribunal de Grande Instance of Nanterre informed us that he had issued an international arrest warrant on Jan. 28 against Floyd Landis, who tested positive for banned testosterone during the 2006 Tour de France, after our laboratory computer system was hacked,” Bordry said in an interview. Landis, 34, was stripped of the 2006 Tour de France title after a positive test for excessive levels of the male sex hormone testosterone. The Court of Arbitration for Sport (CAS) rejected his appeal that the positive test was due to procedural mistakes by the laboratory.

Related posts

Tennis: Romania defeats Luxembourg and Croatia at Fed Cup

Nine O' Clock

Athletics: Nicoleta Grasu wins silver at European Cup

Test

Dakar Rally: Emanuel Gyenes made it to Top 20

Test

Leave a Comment

Social

NEWS IN BRIEF

Bucharester seriously
hurt having fallen into
4 meter deep hole



A male fell into a 4 meter deep hole Monday evening in the area of the Republica underground stop. He was taken up out of the hole by rescue teams and rushed to the ‘Saint Pantelimon’ Hospital in serious condition. The man fell into the hole having stepped on a grating covering it and free fell about four meters before landing on the bottom of the hole, Bucharest Police spokesman Christian Ciocan said. Crews with the Bucharest Inspectorate for Emergency Situations that came at the scene could hardly take the man up out of the hole. He was diagnosed with vertebral column traumatism and a broken leg.


Man in Brasov found shot
in the head



A man was found shot in the head in an armed incident at Codlea, Brasov County. The man was shot with a makeshift pistol.The spokesman for the Brasov County Police, Chief Commissary Liviu Naghi, gave suicide as the reason for the shooting, despite early information pointing to the victim having been shot by another man in the street. The 56-year-old victim was taken to the Brasov County Hospital where he was to undergo surgery.

Related posts

Romania to grant EUR 500,000 for Chernobyl sarcophagus

Nine O' Clock

Police, penitentiaries’ trade unions to stage protests on Saturday, march to Gov’t seat

Nine O' Clock

DIICOT prosecutors search premises of Schweighofer Holzindustrie, its factories in Sebes, Radauti

Nine O' Clock

Leave a Comment

BUSINESS

NEWS IN BRIEF

PwC: Retroactive VAT since January 1, 2009
having natural persons as beneficiaries



The natural persons who made real estate transactions with legal persons can invoice the VAT retroactively since January 1, after the fiscal control, the firms having in this case the possibility to recoup the VAT from the state, according to Daniel Anghel, partner with PricewaterhouseCoopers. “The Fiscal Code stipulates that since January 1, 2010 the invoice may be corrected after the fiscal control, in order that the natural persons who sold flats in the past few years can issue the invoice for the retroactive payment of the VAT to its beneficiary, a legal person,” Anghel said in a forum on legislation, taxation and accounting issues, Mediafax informs. He considers that this provision can be applied also to the real estate transactions performed in the previous years, because, according to the law, the deadline for the transcription of the taxes and dues is five years. Anghel stressed that the retroactive invoicing cannot apply in the case of the real estate transactions made between natural persons. The Tax Administration instituted protective measures for 154 persons who ran real estate transactions with commercial purpose in the period 2006-2008 and did not pay VAT, the value of the prejudice to be recouped being RON 238.12 M.


UNSAR: Insurers report RCA policy losses
for past five years



Insurance companies have been taking losses for the past five years on the liability insurance segment (RCA) and need to find cost-cutting solutions, the president of the National Union of Insurance Companies in Romania (UNSAR), Cristian Constantinescu, said. ‘Insurers hold on to the RCA service only to make market share gains and to avoid losing customers by saying no to liability insurance requests. This is exactly why insurance companies have to somewhat get into the car insurance segment too,’ Mediafax quoted Constantinescu as saying. In her turn, Angela Toncescu, president of the Insurance Overseeing Commission, said the level of damages paid by insurers has gone up 30 per cent, which explains the increasingly high costs taken by insurers. Cristian Constantinescu, UNSAR president and general director at Allianz-Tiriac Asigurari – put last year’s losses at EUR 150 M. Uniqa Asigurari executive official Ileana Horvath was more downbeat, speaking of liability insurance losses of up to nearly EUR 300 M.


A Romanian, Kent brand manager at world level


Mihai Diaconu became brand manager of Kent cigarettes at world level, position from which he will manage the promotion budget and the image of the best sold premium brand of the company, which in 2008 made sales estimated at EUR 10.15 bln on 70 markets. According to ‘Ziarul Financiar,’ Diaconu, aged 40, was promoted also in early 2009, when he was appointed manager of the marketing and sales department of British American Tobacco South East Europe from the position of Marketing & Sales Director with BAT Romania. British American Tobacco (BAT) is the biggest player on the local market of cigarettes, with a share above 40 per cent, according to ZF estimates.


PM Boc: ‘I sought on Google the salary of BNR governor’


The salaries of the managers of institutions such as Eximbank can be cut by law, although the procedure is more complicate, and the bank managers can at least align themselves to the level of BNR governor, whose salary sought on Google is between EUR 5,000 and 7,000, PM Emil Boc declared, Mediafax reports. The Head of the Government has recently stated that the salaries paid to the managers of state institutions, such as Eximbank, can be cut through a draft law, even if the procedure is more complicate, and estimated that the diminution can be considered normal as long as the salary of BNR governor is much below the level of these managers. Premier stated that he checked “on Google” the salary of BNR governor and his remuneration is allegedly between EUR 5,000 and 7,000.


OMV Petrom: gasoline cheaper 3 bani per liter starting today


OMV Petrom (SNP) cuts today the price of gasoline by three bani per liter, as a result of the evolution of the international quotations, and will maintain the diesel prices, the oil company announced yesterday, Mediafax informs. Thus, the leadless Premium gasoline will cost RON 3.96/liter, while the leadless Top Premium 99+ gasoline will cost RON 4.33 per liter. The assortments OMV Carrera 95 and OMV Carrera 100 can be bought for RON 4.1/liter, respectively RON 4.73/liter.s

Related posts

Gov’t sets EU projects priorities: Works worth EUR 7 bln, 0 per cent completed

Nine O' Clock

Domestic natural gas is out, imports from Russia record high

Test

Chamber of Commerce complicates company registration

Test

Leave a Comment

BUSINESS

NEWS IN BRIEF

Bunescu, ARB: Banks brought EUR 500 M to Romania last year


Banks brought about EUR 500 M to Romania last year, in capital and subordinated loans, thus consolidating solvency, the first vice-president of the Romanian Banking Association (ARB), Petre Bunescu declared yesterday. “Banks brought about EUR 500 M to Romania last year, in capital and subordinated loans, thus consolidating solvency,” said Bunescu, who is also deputy CEO of BRD – Groupe Societe Generale, Mediafax reports. According to the ARB official, this is a positive situation, which indicates that banks want to continue their local activities. Out of the sum, EUR 325 M came as capital increases, Bunescu added. According to data released by the National Bank of Romania (BNR), the solvency ratio (the ratio between the bank’s own funds and the assets weighted with a risk ratio) of the banking system rose from 13.77 pc to 14.03 pc at the end of last year, while the immediate liquidity indicator went up from 34.43 pc to 35.26 pc. Stress tests conducted last year by BNR, based on the financial data at the end of 2008, led to the conclusion that commercial banks needed extra capital worth EUR 1 bln at most, along with increasing the solvency limit from 8 pc to 10 pc in September 2009.


CEC Bank assets up 53.67 pc
to RON 20.9 bn



CEC Bank assets were up 53.67 per cent to RON 20.9 bn last year, in the context of a 13.58 per cent higher credit portfolio of RON 9.2 bn. Credit given to legal persons was up almost 45 per cent to RON 4.2 bn, 89 per cent of which went to SMEs, 7 per cent to corporate clients and 6 per cent to local public authorities last year, Mediafax reports. CEC Bank SMEs Directorate head Doina Topala yesterday presented data suggesting that the value of new loans granted by the bank in January-December 2009 was RON 1.9 bn representing a total of 18,223 individual loans, 16,515 of which went to agriculture (RON 730 M) and 1,683 to companies operating in other sectors (RON 1,05 bn). CEC Bank also granted a total of 25 loans worth RON 113 M to local public authorities.Last year, CEC Bank re-structured 520 existing loans worth RON 530 M, which took the bank’s loan-loss provision rate to level below the sector’s average, Topala also said.

Related posts

BNR hikes inflation estimate for 2012 from 3 to 3.2 pc

Predoiu: Salary arrears cannot be paid now

Test

Chinese company likely to build units 3 and 4 of the Cernavoda n-plant

Nine O' Clock

Leave a Comment

POLITICS

NEWS IN BRIEF

Commissioner Dacian Ciolos,
the first official
visit to Spain



Dacian Ciolos paid his first official visit as European commissioner to Spain. The choice is normal considering that this is the country which holds at this moment the EU presidency by rotation, the news site Hotnews informed yesterday. Besides the meetings with the Spanish officials, Ciolos also visited an olive oil factory at Mora, where he had discussions with the representatives of the agro-food industry from Spain.


The European commissioner sustained his ideas from his programme, already voiced at his hearing in the European Parliament, stressing the need for debate both at the level of the member states and of all the actors from the agricultural sector regarding the future of the Joint Agricultural Policy.


Ciolos resumed the idea that assets are the good quality products and the need to launch a policy for their promotion at community level.

Emil Boc: PNL
is ‘swallowed’
by the Left



The President of the Democrat Liberal Party (PDL) and Romania’s Premier, Emil Boc, Tuesday criticized the National Liberal Party (PNL) for allegedly leaning towards the political Left, moving away from the Right. The PM reminded Liberal leader Crin Antonescu there had been other leaders too who tried to destroy the Democratic Party, yet, they only succeeding in bringing it into power. ‘We notice how the PNL has every day been distancing itself from the Right and been swallowed by the Left. With respect to Mr. Antonescu’s statement that he would take his bid to do away with PD-L, I would remind him there had been political leaders in this country, party presidents, who set out to wipe the Democrat Party out, yet their action ended in the party being brought to power, in giving this country’s prime minister and president,’ Boc told participants at a meeting hosted by the Institute for Popular Studies. PNL President Crin Antonescu had told Antena 3 news channel he wanted PD-L disbanded by democratic means.

PD-L postpones
its Directing College meeting



The Directing College of PD-L, initially scheduled for Saturday, got postponed to a date still undecided, party sources told Hotnews.ro. The meeting – which should have had President Traian Basescu as guest – had been programmed simultaneously with the Congress of PSD. PDL sources mentioned the decision to postpone was made in order to avoid accusations of boycotting the Social-Democrats’ event. On Tuesday, PSD secretary-general Liviu Dragnea accused the Democrat-Liberals of setting their Directing College meeting the same day as the PSD Congress, in order to “steal the show” for PSD in the media, Realitatea TV reports. “We regret we could not invite Mr. Traian Basescu. This idea won’t work now, because PD-L moved faster,” Liviu Dragnea said.

Related posts

A new constitutional crisis would not favor Romania, US envoy warns

Nine O' Clock

Corina Cretu, European Commissioner for Humanitarian Aid?

Nine O' Clock

Ciolos: These days are not only about OUG abrogation, but about mature society, morality

Nine O' Clock

Leave a Comment