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Bucharest
October 1, 2020
SPORTS

NEWS IN BRIEF

Men’s handball:
HCM Constanta,
beaten up in Szeged



Romanian title holder HCM Constanta has scored categorical defeat at the hands of Pick Szeged (final score 25-35) in a game counting for the last round of Group A games in the Champions League. Nevertheless, the team has qualified for the last-16 stage of the competition thanks to the points it had previously accumulated. The Romanians had a three-goal lead at half time (17-14) but failed to score a single goal in the first 10 minutes of the second half. Moreover, the Romanian players achieved the “performance” of missing no less than five 7-meter penalties. The draw that will decide the fixtures of the last-16 stage is scheduled today in Vienna.


Chess: Romanians score victory in European Championships


Romania’s Grand Master Dieter Nisipeanu has scored his second victory at the European Individual Chess Championship taking place in Rijeka (Croatia). The best Romanian chess player of the day defeated Hungary’s Zoltan Medvegy in the second round. In her turn, Romanian Grand Master Cristina Adela Foisor defeated Poland’s Joanna Warek and won two points. Romania is represented by 23 chess players at the European Individual Chess Championship, a tournament that takes place from March 5 to March 19. 590 players from 41 states are taking part in the 11th edition of the tournament. The top 22 players will qualify for the World Cup 2010. The prizes stand at EUR 120,000 for the men’s tournament and EUR 60,000 for the women’s tournament.


U-23 football:
Romania vs. Italy



Razvan Lucescu, the head coach of the national football team, has announced the national U-23 team’s line-up for the game against Italy, a game counting for Group A of the ‘International Challenge Trophy,’ a tournament organized by England’s FA. Lucescu Jr. has called up 22 players for the game scheduled at 2 PM on Wednesday, March 10, on Bucharest’s ‘Giulesti-Valentin Stanescu’ stadium. Romania is part of Group A, alongside Italy, Malta and Belgium.


Deadly accident in futsal


A Brazilian futsal player died in an accident that took place during a game, the EFE agency informs, being quoted by Agerpres. The piece of wood dislodged from the floor punctured the player’s abdomen. Player Robson Rocha Costa (23) injured himself during a friendly game between Guarapuava Deportivo Futsal and Palmeiras Jundiai after he slid on the floor trying to tackle an opponent. The piece of wood dislodged from the floor tore through his leg and punctured his abdomen, causing severe internal bleeding. The player was immediately taken to hospital where he entered emergency surgery but did not survive.

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BUSINESS

NEWS IN BRIEF

Alfa 8C Spider exclusive model in Romania as
of May



AutoItalia will bring in May in Romania the exclusive model Alfa 8C Spider, with a starting price of EUR 220,000, taxes included, the car being exhibited in Alfa Romeo showroom from Bucharest, the company announced yesterday. AutoItalia representatives said the model which will be brought to Romania does not have a buyer for the time being. Produced in only 500 units, Alfa 8C Spider is the cabrio version of Alfa 8C Competizione. In Romania will be exhibited the model no. 150, in the colour version Rosso Competizione. The car is equipped with a V8 propeller of 4.7 liters, 450 HP, six gears automatic box, and speed that can reach 100 km/h in 4.4 seconds.


Toyota enters “Junk” programme with all models


Toyota Romania announced yesterday its participation in the “Junk 2010” programme with all its models and also launched a series of advantageous offers for Yaris, Auris, Avensis, Corolla and Aygo, according to a press release from the Japanese car maker. Cars entered in the “Junk” programme have prices between EUR 6,400, for the new Yaris Optimo, and EUR 20,870 for Toyota Rav4 (version 4×2), VAT included. Thus, the new Yaris Optimo 1.0 with 69 HP can be acquired for EUR 6,399 (VAT included). Toyota Auris 1.33, Terra version, which develops 101 HP, is available for EUR 8,949 (with VAT). Aygo Terra 1.0/69 HP can be bought for EUR 6,245 (VAT included), while the model Toyota Corolla 1.33, Terra version, is available for EUR 10,727 (VAT included). The most expensive Toyota car included in the “Junk” programme is Rav4, Executive 4×2 version, and costs EUR 20,870 with VAT, which includes the discount of EUR 1,500 offered by the company and three scrapping bonuses. All the Toyota models benefit from a five-year guarantee, transmissible and valid on the entire European territory, within the limit of 160,000 km.

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BUSINESS

NEWS IN BRIEF

FinMin sells RON 1.33 bln worth
of bonds in one day



The Public Finance Ministry yesterday sold discount treasury bills with six months maturity worth RON 1.33 bln, 33 per cent over the scheduled value of one billion RON, while the average yield declined to 6.73 per cent per year, a new low since 2007, Mediafax reports. A lower level of the yield accepted by the ministry was registered in September 2007, when it was 6.7 per cent per year. The maximum yield accepted was 6.8 per cent, while the total value of demand in commercial bank titles was RON 4.09 bln. Yesterday’s operation was the second auction this month. The first one, held on March 4, attracted RON 368.9 M through the sale of benchmark state bonds with five year maturity, below the scheduled level of RON 600 M, with an average yield of 7.08 per cent, a new minimum level.


GarantiBank lowers interest rates
for foreign currency loans



During March 1-14, GarantiBank will have 0.5 per cent lower interest rates for all loans granted to natural persons, according to a press release from the bank. The offer is valid for any type of credit, in any foreign currency, the clients can benefit from a flexible grace period of three months, in which they do not have to pay any interest rate or commission. Clients can also take the three months of grace period in bulk or benefit from them separately, any time in the first three years after securing the loan, subject to their own needs. The promotional conditions apply to an extended range of credits for natural persons: loans for personal needs without guarantees, loan for personal needs with real guarantees, credit for a vehicle, real estate credit, mortgage credit.


International Tourism Fair organized
by ANAT



Tens of hotel operators, airline companies and regional tourism promotion associations announced their participation, during March 18-21, in the first International Tourism Fair Holiday Market, organized by the National Association of the Tourism Agencies from Romania (ANAT), a press release informs. During the four days of the fair, held at Parliament Palace, exhibitors at the fair will occupy a surface of 3,500 sq m. Along with the hoteliers, air companies, medical insurance companies, regional tourism promotion associations, training and education institutions, tourism offices from several states, partners and local authorities, present in the event will also be the Regional Development and Tourism Ministry and Bucharest City Hall. Throughout the five days of fair, besides discounts and promotions characteristic for this type of event, visitors can benefit from the “Early registration” promotional programme, available only until March 31, 2010. The programme includes discounts of up to 30 per cent of the price for the holidays purchased at an early date.


Law firms Popovici Nitu & Asociatii and Danescu & Asociatii to merge


Representatives of law firms Popovici Nitu & Asociatii and Danescu & Asociatii yesterday announced their merger, which will be sealed on April 1, according to a press release sent to the newsroom. The merger will lead to the creation of a Litigation Department with over 20 lawyers within Popovici Nitu & Asociatii. The new Litigation Department will include seven specialised sub-groups: Commercial Litigations, Procedures with Public Authorities, Property Litigations, Labour Litigations, Fiscal Litigations/Taxes, Industrial Property & Copyright, International Arbitration.


Corin Danescu will become senior associate lawyer with Popovici Nitu & Asociatii and will coordinate the Litigation Department together with Ciprian Dontu.


Economic recovery signs
become clearer



The evolution of trade and consumer credits in March and April are indicators that will give edifying signals as regards economic revival. Europe “pays the toll” for EU economies’ heterogeneity, especially for those in the eurozone, according to a press release from X-Trade Brokers. Romania registers feeble economic results and has ambitious and unrealistic objectives for the present year, the release says. The country saw a significant GDP drop in the last quarter of the past year, a decline in retail sales in January and unemployment growth in the same month, while massive layoffs are still looming. “Targets for the current year – GDP between 1 and 1.5 per cent and an unemployment rate below that of the previous year – seem to be more than ambitious, especially in the conditions in which mechanisms and instruments that could be used for this purpose are not seen,” said Victor Safta, Romania branch manager of X-Trade Brokers, the biggest brokerage house in Central and Eastern Europe.

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POLITICS

NEWS IN BRIEF

Ex Commissioner Orban becomes presidential aide


Former European Commissioner for Multilingualism, Leonard Orban was named adviser to President Traian Basescu on European affairs, by presidential decree signed yesterday, according to a press release quoted by Mediafax. The position seems to have been created especially for him, as the presidential administration previously had only a department for international relations.Orban, 49, was Romania’s first commissioner after EU accession in 2007. He took on the multilingualism portfolio from January 2007 to February this year, when a new European Commission was sworn in. The former commissioner said yesterday that he took on the presidential aide job because he wants to help the country reach its targets, amid new, higher responsibilities within the European Council. Orban’s appointment was greeted by several politicians, mainly from the opposition National Liberal Party.

DNA chief: Corruption remains a serious, unsolved problem


National Anti-corruption Department (DNA) Chief Prosecutor Daniel Morar told the national radio channel yesterday that corruption remains a serious, unsolved problem in Romania. “To me, it looks like a phenomenon that does not give way because we have a fairly high number of people indicted, a number that does not drop year on year but slightly grows, because the number of people convicted for corruption is also high. It is clear that it isn’t dropping and it is a serious problem that we are yet to solve,” the DNA head said. When asked why Romania is perceived as the most corrupt country, Morar said DNA cannot be blamed for that. “DNA was created precisely in order to fight this phenomenon. Fighting corruption depends not only on the repressive side, on what prosecutors and police officers are doing, it also depends on the overall activities in this sense, on public awareness campaigns, on public policies,” Morar pointed out. He underlined, that for instance, the perception index Transparency International comes up with is established by interviewing the population. “The chief prosecutor of the DNA or a prosecutor are not the ones who say Romania is a corrupt country, regular citizens state that when asked whether they perceive the existence of corruption in Romania. And they answer affirmatively since we fare so poorly when it comes to the perception index,” Morar explained.

President Basescu
in Japan



President Traian Basescu is on a formal visit to Japan, March 9-11, at the invitation of His Imperial Highness Emperor Akihito, the Presidential Administration announced Monday. During his visit, President Basescu will meet with Akihito and Empress Michiko, with Japan’s prime minister and speakers of Parliament, the Diet. The president will also meet delegates of the Japanese Business Federation – Keidanren – and attend the opening of the Romanian-Japanese Business Forum, where he will meet with members of the Romanian community in Tokyo.

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