22.1 C
May 19, 2022


Former Steaua star passes away

Gheorghe Constantin, former Steaua Bucharest star, passed away on Tuesday at 77. The player nicknamed ‘The Professor’ won four titles with Steaua, scoring 149 goals. ‘The Professor’ signed up for Steaua in 1954 and played there until 1969. After retiring as player, Constantin worked for Steaua as assistant coach (1971-1972, 1973-1975) and head coach (1972-1973, 1978-1981). Constantin also played 39 games for the national team, scoring 12 goals.

McLaren Mercedes,
X-Trade Brokers Partnership

X-Trade Brokers, a Warsaw-based brokerage house with a branch in Romania, has yesterday announced closing historic partnership with the Vodafone McLaren Mercedes Formula 1 team. X-Trade Brokers becomes the first Polish company to sign a partnership with Vodafone McLaren Mercedes, and its logo (‘XTB’) will appear on the overalls of reigning World Champion Jenson Button and 2008 World Champion Lewis Hamilton, as well as on the upper engine cover of the Vodafone McLaren Mercedes MP4-25 Formula 1 car. Vodafone McLaren Mercedes is one of the most successful teams competing in Formula 1, having won 20 World Championships since it entered Formula 1 in 1966, and in 2010 it will become the first Formula 1 team ever to field a driver line-up consisting of the two most recent World Champions: Jenson Button and Lewis Hamilton.

Victor Crivoi in last-16 stage in Rabat

Romanian tennis player Victor Crivoi has qualified for the last-16 stage of challenger tournament in Rabat (total prizes of EUR 42,500), while Adrian Ungur was eliminated in the first round, Agerpres reports. Crivoi (top seed 6) defeated Morocco’s Reda El Amrani in the first round, score 4-6, 6-2, 6-4. Ungur lost at the hands of Slovenia’s Blaz Kavcic (top seed 3), score 6-3, 6-1.

Crivoi will play against Spain’s Ruben Ramirez Hidalgo in the last-16 stage. Ungur won a check for EUR 440, while Crivoi secured a check for EUR 730 and 8 ATP points.

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Porsche calls for Publimedia insolvency

Porsche Leasing Romania IFN, along with Porsche Insurance Broker SRL, has called for SC Publimedia International SA, owned by MediaPro owner Adrian Sarbu, to be declared bankrupt. The two companies registered the insolvency demand with the Bucharest Court March 8. Trial date was set for June 4. According to sources involved in the case and quoted by money.ro, Publimedia owes the leasing company RON 185,426, roughly EUR 42,500, representing two-month loan arrears for 17 motor vehicles leased from Porsche Leasing Romania IFN.

Over 1,000 doctors left for France after EU accession

More than 1,000 Romanian doctors have left for France starting in 2007. According to the statistics presented by ‘La Croix’ daily, the Romanians now make 12 per cent of the foreign doctors working in France, Mediafax informs. The arrival of foreign doctors in France is not something new.

Starting in the 1990s, France started to recruit doctors abroad in order to fill in the numerous vacancies it registered mostly in rural areas. As of January 1, 2009, there were 1,063 Romanian doctors in France, 70 per cent of them being women. Approximately 90 per cent of them have work cards, being specialized in general medicine (312), anesthesia-reanimation (94), psychiatry (80) and radioscopy (75).

17 persons detained for drug trafficking

17 persons have been detained by DIICOT prosecutors and other ten are investigated at large for trafficking high-risk drugs after searches conducted in Bucharest, Bacau, Cluj, Galati, Oradea and Neamt revealed nine kilograms of ethno-botanic products, reads a press release sent to Nine O’Clock.

The confiscated products have been sent to a lab. According to Raluca Seucan, Romanian Police spokesperson, 45 searches were conducted and 29 arrest warrants were issued a day ago. Organized Crime officers from Bacau, Bucharest, Cluj, Galati, Oradea and Neamt, gendarmes and DGIPI officers took part in the operations. According to the investigators, in 2009-2010 the defendants imported and commercialized, directly or through middle-men, at least 14 kilograms of cannabis with bio-synthesized THC, with the value of the drugs amounting to RON 400,000.

Worker falls to his death in Bucharest

A person working on a building located on Bucharest’s Calea Grivitei fell to his death yesterday from a height of approximately eight metres. Labour inspectors have begun an investigation.

Head of Bucharest’s Territorial Labour Inspectorate (ITM) Constantin Bujor told Mediafax that the worker was doing maintenance on a rolling bridge. According to Bogdan Oprita, coordinator of the capital’s emergency rescue service, the man suffered multiple traumas. A Mobile Intervention Emergency rescue team that responded was not able to save him.

Tobacco plant gutted by fire

A former tobacco plant, one of the most imposing buildings in Carei, Satu Mare County, has been largely destroyed by a violent fire, Realitatea TV reports. Four fire engines fought against the fire that quickly engulfed the building’s roof. Preliminary investigations indicated that the fire was set by children or homeless people. The former tobacco plant, sold to some businessmen, is located in downtown Carei, the most expensive real estate area in the town.

Constanta Mayor’s trial adjourned
over bad weather

Yesterday’s session of the trial wherein Constanta Mayor Radu Mazare and 36 other defendants are charged with illegal assigning of land plots was adjourned for March 17, as he and several parties in the case claimed they could not attend the Bucharest court trial due to inclement weather. Mediafax reports Mazare and other parties in the case conveyed to the Bucharest Court of Appeals their request for the trial to be adjourned, as blizzard warning prevented them to travel to Bucharest attend court session. In their turn, judges with the Bucharest Court of Appeals said the warning was in effect but until Tuesday, 9:00 pm. Also they cautioned Constanta lawyers to make sure they find substitutes if something like this is likely to happen again. The court also implied all defendants and their lawyers should attend session on March 17, as otherwise they will be issued fines.

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Target: Bonuses of over EUR 5 M for Platinum in 2010

The Platinum Insurances – Reinsurances Company (formerly Clal Insurances) plans to subscribe bonuses worth EUR 5-6 M this year, a figure that is twice higher than the one registered last year back when the company subscribed approximately EUR 2.7 M in bonuses, Anca Babaneata, the company’s deputy general director, stated on Wednesday. ‘We plan to start getting profit this year,’ the Platinum Insurances representative stated, pointing out that last year the company registered losses of RON 9 M (approx. EUR 2.2 M). Platinum recently obtained the license for airline insurances, maritime insurances, credit and guarantee insurances, health and medical insurances for tourists. The company decided to focus on products for individuals and SMEs, staying aloof of the auto sector: ‘The Romanian insurance market is experiencing a convulsive period mainly caused by the losses stemming from auto insurances. Against this backdrop we have decided to build a healthy and sustainable portfolio focusing on non-auto insurance products,’ the owner of the company, Efraim Naimer, stated.

Omniasig launches Casco Europa Plus

Insurance company Omniasig has launched a new product adjusted to the current difficult economic conditions – Casco Europa Plus, available until May 31, a company release informs. Some of the benefits brought by the new insurance product are promotional tariffs, a flexible staged payments system, free extension of policy coverage with no requirement for the customer to buy another insurance from Omniasig and with no additional premiums on Europe including Kosovo, R. Moldova, Russia and Ukraine and even Turkey (both the European and the Asian side of it). Casco Europa Plus has a simplified tariff, without discriminating among the various vehicle brands. ‘This is the beginning of a range of new products adjusted to the present time that we are preparing for a wide public’, said Omniasig Sales Manager Costi Stratnic.

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RON 450 M for large company
investment projects

The Ministry of Economy, Trade and Business Environment yesterday launched a second call for project proposals for non-repayable financial aid. This is co-financed with EU money, worth EUR 450 M and meant for productive investment projects implemented by large enterprises. ‘The eligible projects within this call for project proposals are mainly productive investments and preparation of large companies in view of market competition, construction/modernization of production facilities, purchasing new equipment, technologies and know how, improvement of product and service quality’, according to a release of the ministry. The value of the grant is maximum RON 20 M (but no more than EUR 5 M, calculated using the INFOEURO exchange rate on the date of the submission of the funding application) and the budget allocation to this particular call for proposals is RON 450 M. the maximum project implementation period is 3 years. Applications may be submitted from March 9 to May 31, 2010, to the head offices of the Management Authority of the Sector Operational Programme ‘Increase of Economic Competitiveness’ – a part of the Ministry of Economy.

On the other hand, The Ministry will sign today financing contracts with European funds, worth a total RON 131.5 M, with 13 companies, Mediafax reports. The contracts will be concluded within the first appeal for 2010 projects, designed for large companies.

Credit resumption solutions discussed at BNR Club

National bank of Romania (BNR) Governor Mugur Isarescu met with officials of commercial banks and the Romanian Banking Institute for some rather technical discussions, people close to the meeting told HotNews.ro, with BNR favoring cautious loan resumption. The sources also said bankers conveyed to the BNR governor their viewpoints on the effect of some norms and regulations envisaged by BNR. Wednesday’s meeting is part of the host of regular talks BNR holds with banks on technical topics linked to monetary stability and regulation of financial and banking operations.

Garrigues Spain advises Caixa Catalunya on insurance business sale to Mapfre

Garrigues Spain has advised Caixa Catalunya (the fifth largest savings bank in Spain by volume of assets) on the EUR 556.8 M sale of half of its insurance business to leading Spanish insurer, Mapfre, a press release reads. Under the deal, Caixa Catalunya and Mapfre will jointly develop the savings bank’s solid insurance and pension business. More specifically, Mapfre will acquire 50% of Caixa Catalunya’s subsidiaries that offer insurance services throughout Iberia. The transaction was finalised after a long competitive selection process that saw important European insurers bidding alongside Mapfre. Garrigues is one of the top Continental European legal services firms, both in terms of billings and number of fee earners. The firm, which provides full advisory services, has the largest network of offices in Spain and has its own offices in London, New York, Brussels, Lisbon, Oporto, Bucharest, Warsaw, Casablanca, Tangiers and Shanghai.

London to Beijing in two days
on trans-continental express

Railway passengers will be able to travel from King’s Cross to Beijing in just two days on a journey that would be almost as fast as by airplane under ambitious new plans from the Chinese. According to ‘The Daily Telegraph’, China is in negotiations to build a high-speed rail network to India and Europe with trains capable of running at more than 321 kph within the next 10 years. By using the Channel Tunnel, the network would eventually carry passengers from London to Beijing and then to Singapore, according to Wang Mengshu, a member of the Chinese Academy of Engineering and a senior consultant on China’s domestic high-speed railways. A second project would carry trains through Russia to Germany and into the European railway system and a third line would extend south to connect Vietnam, Thailand, Burma and Malaysia. Passengers could board a train in London and step off in Beijing, 8,160 kilometers away as the crow flies, in just two days. Flying time is about 10 hours. They could go on to Singapore, 10,863 kilometers away, within three days. The world’s fastest train, the Harmony Express, which has a top speed of nearly 402 kph and links the cities of Wuhan and Guangzhou, was unveiled last year.

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Metrorex – 36 offers
for new subway line

Bucharest subway operator Metrorex received 36 offers, from nearly 20 consortiums, for the construction of a new line between Raul Doamnei and Eroilor – part of Magistral Line 5, Mediafax reports. The tender for the contract worth an estimate RON 1.16 bln has reached the stage of prequalification for the two segments, namely Raul Doamnei – Hasdeu (RON 920 M) and Romancierilor – Valea Ialomitei (RON 246 M). A number of 18 companies and associations have submitted offers for each segment. The bidders’ list includes Aktor, Alpine, Max Boegl, Porr/SCT/Hidroconstruct, Astaldi/FCC/Delta ACM/AB Construct, as well as China Railway at its first bid in Romania, plus Turkish and Russian companies.

Pipera overpass project,
up for public debate

The District 2 Mayor’s Office has launched yesterday for public debate a project on widening Pipera Street and building an overpass in order to ease traffic in the area, Mediafax informs. According to the project, a four-lane overpass has to be built in order to ease traffic in the area; it would cross the junction between Calea Floreasca and the streets Barbu Vacarescu, Alexandru Serbanescu and Avionului. The bridge would have a length of 474.4 meters and a maximum height of 5.5 meters. Likewise, it would have four 3.5-meter lanes and pavements for pedestrians. According to District 2 public administration, widening the Pipera Street will solve the problem of congested traffic in the area, with its six lanes set to be connected to the overpass in Pipera-Tunari. The project has been approved by Bucharest’s General Council.

Oprescu’s plans cut off by Council

The Bucharest City Council has rejected most of Mayor Sorin Oprescu’s plans, ‘Evenimentul zilei’ daily reports. The mayor was going to ‘cut’ hot water subsidies, invest RON 144 M in downtown fountains repairs and in cleaning-up the Tei and Floreasca Parks. In addition, the council has decided to review the entire Bucharest budget in order for the financial situation of the locals not to be affected.

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