2.9 C
Bucharest
December 4, 2020
SPORTS

NEWS IN BRIEF

Rugby: Russia vs. Romania in ENC


The Romanian men’s national rugby team will play an away game against Russia on Saturday, counting for the group stage of the European Nations Cup (ENC). Sorin Socol, the team’s skipper, stated ahead of the game: ‘We rely on the ambition to qualify for the World Cup. As a team we have registered failures in the last two years. Now we have to fight for each other. We are aware that good results are needed.’ Georgia tops the group with 20 points after 7 games, followed by Russia (19 points, 7 games), Portugal (14 points, 7 games), Romania (12 points, 6 games), Spain (8 points, 6 games) and Germany (7 points, 7 games).


Steaua avoids suspension


Steaua Bucharest has received only a RON 60,000 fine for the incidents that its fans caused during the League I game against Ceahlaul on Saturday evening, thus avoiding a suspension, the communiqué issued by the Professional Football League’s Discipline Commission informs. Ceahlaul’s head coach Multescu has received a two-game suspension for entering the pitch. The game between Steaua and Ceahlaul was interrupted for 10 minutes after Steaua’s fans started to throw snowballs and head coach Multescu entered the pitch. Steaua was at risk of receiving a 2 to 4-leg suspension for this incident.


Victor Hanescu defeated in Acapulco


Romanian tennis player Victor Hanescu was defeated by Chile’s Fernando Gonzalez (top seed 2) in three sets, score 7-6 (2), 3-6, 6-1. The game counted for the last-16 stage of the ATP tournament in Acapulco (Ciudad de Mexico). Hanescu lost after playing for one hour and 51 minutes but will receive a check for USD 13,915 and 45 ATP points.

Related posts

Wimbledon: Venus enjoys solid workout before sealing win

Test

UEFA Launches Lawsuit in Euro 2012 Bribery Scandal

Test

Football: Inter could drop Chivu this summer

Nine O' Clock
Social

NEWS IN BRIEF

Railway company could raise ticket prices 15 pc this summer


CFR, the travelers’ branch could increase the price of the tickets by 15 per cent in summer, the latest price adjustment taking place in 2007, sources from the Ministry of Transports yesterday said, quoted by Mediafax. “CFR Calatori initiated a procedure in order to obtain assents for a tariff increase within the limits of law, further to the growth of costs and inflation. If it obtains the approval, the increase will be operated as of this summer,” the quoted sources say. The growth of tariffs must be submitted to approval procedures from the Competition Council and the Ministries of Finance and Transports. The latest ticket prices amendment took place September 2007, when prices for a train trip rose 8.1 per cent. In other news, CFR Marfa layoffs will start as of March 8. Moreover, 1,500 employees will not receive compensatory payments because they resigned or were pensioned off, said Gheorghe Popa, MTI state secretary.


Agip Romania becomes Eni Romania


Italian oil group Eni renamed its Romanian subsidiary Agip into Eni Romania, the company said yesterday. “As of February 17, Agip Romania is named Eni Romania. The legal form, contract reports and agreements concluded by this date remain unchanged,” the company said in a press release. Agip has been present on the Romanian fuel distribution market since 1995.


FP management contract signed


A Property Fund (FP) management contract with Franklin Templeton Investment Management was signed, the Fund announced yesterday. The contract goes into effect after the registration of the Fund in the category of the collective placement bodies of the National Securities Commission (CNVM). The capital market authority was the last institution which assented the document, but set conditions for the going into effect of the contract and gave a deadline of 45 days for FP registration with CNVM. David Smart, international officer for sovereign funds and supranational affairs with Franklin Templeton, pointed out that after the official appointment as administrator, Templeton’s priority is the listing of FP with the Stock Exchange from Bucharest and its international promotion, as an attractive vehicle for investments, reflecting the positive evolution of the Romanian capital market. Further to the signing, FP will benefit from a team of administrators settled in Romania, which will be headed by Mark Mobius.

Related posts

Code Yellow advisory for storms and bad weather in almost all regions of Romania

NINE O'CLOCK

15 year old attacked by lioness at the zoo

Nine O' Clock

Cantacuzino Institute to resume production of anti-flu vaccine

Nine O' Clock
Social

NEWS IN BRIEF

Polish troops injured
when KFOR truck
overturns in Mehedinti



A KFOR truck heading to Kosovo and carrying Polish soldiers overturned yesterday on National Road no. 6 near Orsova, Mehedinti County. Two soldiers were injured and taken to hospital in Orsova, Mediafax informs. According to inspector Nicolae Lohon, Mehedinti County Police Inspectorate spokesman, the truck was part of a five-vehicle convoy heading from Timisoara to Calafat. ‘Initial investigations show the crash was caused by excessive speeding upon entering a curvy road, near Orsova. The truck overturned on the side of the road,’ inspector Lohon said.

16 women victims
of Iasi attacker



A total of 16 women were attacked on the streets of Iasi by a man who was arrested Wednesday night, Ioan Scripniciuc, head of Iasi County Police said in a press meeting yesterday.


According to the quoted source, the man identified as Petru Constantin Gavrilas, 35, attacked his victims with a 4-cm long blade knife, aiming mainly for women’s thigh areas. Police say a total of 16 women had been attacked by the same man and a majority of them filed complaints after the case hit the media. The source also said a total of 275 police forces were mobilized on the streets of Iasi, 100 from the Criminal Investigation Department and 175 from Public Order, of these 70 acted in civilian clothing. Forty gendarmes, as well as community policemen were also mobilized in the operation. Scripniciuc added the suspect, a former rape convict, refused to cooperate with the investigators during Police questioning. All along the investigation, Gavrilas refused to admit to the offences, although some of the victims had identified him as the attacker.

Related posts

Flood damage: 74 houses, 50 people evacuated

Nine O' Clock

Romanian orphans, rescued from the hands of criminal gangs, at Milan

Nine O' Clock

Parliament unanimously adopts debt discharge law

Nine O' Clock
BUSINESS

NEWS IN BRIEF

UPC gathers 7,000 HD subscribers in five months


UPC Romania in February had over 25,000 subscribers to its digital TV services provided via a DVR, 7,000 of whom are also subscribers to the high-definition TV service, a product launched only five months ago, Severina Pascu, Chief Financial Officer of the cable communications operator yesterday said. Liberty Global group data informs UPC at the end of 2009 had a total of 1.25 M subscribers, down 1.09 per cent compared to 2008, yet more then in the previous quarter of last year. ‘With a view to our customers’ growing interest in the service (HD TV), only five months after release, we have already expanded our HD programme suite including three more channels and offering a package of eight channels for the same price (RON 15/month). We are optimistic about our sales trend in the segment, especially since over five per cent of HD TV subscribers are new or returning customers seeking this particular service’ Severina Pascu explained. UPC launched its HD TV service last October. In Q4 2009, the number of UPC telephony and internet subscribers was up 21.3 per cent and 12.6 per cent respectively compared to Q4 2008, to 150,000 and 124,000 customers respectively. ‘For 2010 we have budgeted investment of RON 124 M in Romania, primarily focused on network expansion and development. We will continue to open our digital TV service in new locations – in a first phase in the Prahova Valley and Falticeni – and we are preparing to launch high-speed internet (Euro DOCSIS 3.0)’ Pascu also said.


RCS&RDS intends to provide 900 MHz band 3G services


RCS&RDS has requested from ANCOM a compensation right to operate in 900 MHz band for the provision of 3G communication services, a press release from the telecom operator reads. ‘At the same time, RCS&RDS has also requested further compensating measures from telecommunications’ regulatory authority, such as reduced mobile network interconnection rates, an immediate and direct assessment that would bring certain consumer benefits’ the company informs. RCS&RDS is making its announcement following an ANCOM decision adopted on Tuesday by the institution’s Advisory Board, stating that Orange Romania, Vodafone Romania and Cosmote Romania will be allowed to use the 900 MHz and 1,800 MHz radio frequencies that are now being used for GSM communications also for the provision of 3rd generation services and high-speed mobile internet. RCS&RDS holds a 3G communications licence on 2.1 GHz frequency bands, but has not been present in the GSM/2G service area. ANCOM’s decision on liberalizing the 900 MHz spectrum comes as a result of an EC ruling last autumn.

Related posts

FIHR, Cushman & Wakefield survey: Hotels in Romania record all-time low figures as COVID-19 and consequent government restrictions sweep travel demand away

NINE O'CLOCK

INS: Arrivals in tourist units go up 3.7 per cent in July

Nine O' Clock

On its 60th anniversary, Tefal stakes on adaptation

BUSINESS

NEWS IN BRIEF

Public debt peaks to 29.29 pc of GDP


Romania’s public debt amounted to RON 148,05 bln, at the end of 2009, worth a 29.29 percentage of the Gross Domestic Product, data from the Ministry of Public Finance show. On December 31, 2008, the country’s debt was worth RON 109, 75 bln, amounting to a percentage of 21.78 of GDP. At the end of 2009, 47.5 per cent of public duty was in national currency, 41.11 per cent was in euros, 6.29 per cent was in dollars while 1.38 was in yens and 3.72 in other currencies. As far as financial tools, the biggest percentage of public debt was made by means of state loan contracts (38.01 pc) and by means of treasury bonds (17.03 pc), state bonds (16.82 per cent), eurobonds – 6.61 per cent, financial leasing – 0.07 per cent, and other tools included loans out of State Treasury’s General Account, used to finance the state budget deficit, worth 21.47 pe cent.


EIB invested EUR 1.473 bln in Romania last year


Around 1.9 per cent of credits’ record volume worth EUR 79.102 bln granted last year by the European Investment Bank (EIB) went to Romania, our country benefiting in 2009 from loans of EUR 1.473 bln from EIB, according to 2009 annual results communicated by the bank. The financial institution stressed that during 2005-2009 it granted to Romania credits of EUR 4.389 bln, around 1.6 per cent of the total of EUR 277.699 bln granted by EIB in the last four years. In 2009, the biggest credit granted by EIB to Romania was EUR 400 M taken up by Ford, for the upgrading of the plant from Craiova. As a whole, EIB increased its volume of credits by 37 per cent in 2009, to EUR 79 bln, vs. EUR 58 bln in 2008.


Value of Piraeus Bank credits dropped
to EUR 1.8 bln



Piraeus Bank Romania assets declined from EUR 4.3 bln to EUR 2.61 M in 2009, while the number of agencies increased by 6 units, and the total value of the credits sank to EUR 1.8 bln, reads the financial report of the bank group published yesterday on the site of the credit institution. According to the document, a quarter of the loans granted by the Hellenic bank are consumer credits, 59 per cent are corporate loans, while the mortgage loans don’t exceed 3 per cent of the portfolio of the bank. The Greek bankers count on an economic growth of 0.8 per cent of Romania’s GDP, on a current account deficit of 4 per cent. According to the presentation made on the occasion of the announcement of the financial results, Romania and Bulgaria will remain attractive markets for investments thanks to the low level of the debts vs. GDP and of the capital flows from the European Union.


Fitch revised downward Banca Romaneasca and Bancpost ratings


The financial rating agency Fitch revised downward tratings for long term credits of Banca Romaneasca and Bancpost, from “BBB” to “BBB-“ both with negative perspectives, as a result of ratings amendment from parent banks of the two credit institutions, National Bank of Greece and Efg Eurobank, according to a Fitch press release. The ratings for short term loans were confirmed at “F3” for both credit institutions, and the supportive ones at “2.” The individual ratings, “D” for Banca Romaneasca and “D/E” for Bancpost, were not changed. The downward revision of the ratings targeted several branches of the National Bank of Greece, among which those from Bulgaria, Romania and South Africa.

Related posts

NEWS IN BRIEF

Test

EUR 1 M-plus fraud allegedly ignored by DNA

Test

Our international approach is proactive. Interview with Florian Ciolacu, International Sales Manager & Vice-president at SIVECO Romania

Nine O' Clock
BUSINESS

NEWS IN BRIEF

40 pc of Romanian-
registered cars are Dacia



Approximately 40 per cent of the 4.23 M vehicles registered in Romania are branded Dacia brand, while 10 per cent are Volkswagen. Brands such as Opel, Daewoo and Renault each contribute with over 200,000 motor-vehicles to the national fleet, according to HotNews.ro that quotes the Driving Licences and Vehicle Registration Directorate. About half a million Dacia vehicles were sold during the ‘Logan epoch’ – since 2004 – the rest of them being pre-2004 making. The other local brands registered in the country are Aro – over 35,000 units – and Oltcit – over 46,000 units. Luxury brands have also had a notable presence despite the state of Romanian roads: 100 Ferrari, more than 50 Rolls Royce, over 40 Laborghini and 325 Hummer. The two German premium brands BMW and Mercedes have over 82,000 and 77,000 registered vehicles in Romania respectively.


Toyota faces tough
road to redemption
after grilling



Toyota Motor Corp’s president apologized to U.S. lawmakers and ended the day in tears, marking a potential climax to his company’s safety crisis but leaving it with a long road to rebuild its reputation. Akio Toyoda, peppered with questions about its massive series of recalls, told lawmakers he was “deeply sorry” for accidents and injuries involving its cars and acknowledged it had lost its way in its pursuit of growth. Investors, who have knocked about USD 30 billion off its market value in the past month, appeared to view Toyoda’s hearing as a small step forward in what could be a difficult task of recovering the trust of consumers. Politicians in Japan continued to express worries about the potential fallout from the crisis. Toyota, with a market value of about USD 125 billion, is at the heart of a massive supplier network that is vital to the economy’s health.


GM to shut down Hummer after China deal fizzles


General Motors Co will wind down its iconic but tarnished Hummer brand after Chinese regulators rejected a USD 150 million bid by an obscure Chinese machinery maker to buy the money-losing SUV line. GM had been trying to complete the deal by the end of February after reaching a definitive agreement in October to sell Hummer to Tengzhong, a little-known heavy machinery company based in Sichuan province. The collapse of the deal represents another setback for GM, which had been working to shed unprofitable brands and focus on its four core brands — Chevrolet, Cadillac, Buick and GMC — after emerging from bankruptcy in July. Closure of Hummer would put about 3,000 jobs at stake, including manufacturing workers, dealers, staff members, and other areas, GM spokesman Nick Richards said. The brand has 153 U.S. dealers. GM said it will continue to honor warranties and provide service support and spare parts to current Hummer owners.

Related posts

Garanti Bank supports local businesses and modernization of the domestic rail transportations system. New loan granted to Softronic to finance Hyperion 3, the most modern railway transportation means in Romania

Nine O' Clock

Group Renault reports suspension of planned capacity increase projects in Romania and Morocco

NINE O'CLOCK

Garanti Bank signs a partnership with CFR Călători

Nine O' Clock