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March 27, 2023


Romanian junior wins World Traditional Fudokan-Shotokan Championship

A Romanian junior won the gold medal at the World Traditional Fudokan-Shotokan Karate Championship, while a Romanian senior won the silver medal. Florin Dumitrescu won the gold in fuku-go, while Laurentiu Ciucu finished on second place at kumite kogo. The third edition of the World Traditional Fudokan-Shotokan Karate Championship for children, cadets, juniors, youth and seniors took place in Belgrade and gathered 800 athletes from 34 countries. Romania was represented by CS Traditional Karate Eforie club led by 5-Dan sensei Niculae Dumitrescu.

Gymnastics: Silver medal at World Cup

Romanian gymnast Alin Jivan finished second in the vault event at the gymnastics competition in Cottbus (Germany) on Sunday, a competition that is part of the World Cup. Germany’s Matthias Fahrig won the event. Jivan scored 15.787 points (15.875 after the first jump and 15.700 after the second), being outclassed by Fahrig who scored 16.112 points (16.325+15.900). Jeffrey Wames (Netherlands) finished on third place with 15.437 points. Jivan finished the floor exercise on 9th place and missed the final. Adrian Bucur finished 12th. The Romanian men’s gymnastic team is preparing for the European Championship for teams (Birmingham, April 21-25), the first important test of the year.

Tennis: Victories
in Antalya and Lagos

Romanian tennis players Diana Enache and Cristina Mitu won the doubles event at the futures tournament in Antalya (Turkey) after defeating Italy’s Evelyn and Julia Mayr (top seed 2), score 6-7 (3), 6-1, 11-9. The tournament has total prizes of USD 10,000. Romania’s Adrian Cruciat and Victor Ionita have won the men’s doubles event at the futures tournament in Lagos (Portugal) after defeating Spain’s David Canudas-Fernandez/Javier Marti in the final, score 6-4, 6-3. Ionita and Cruciat were both eliminated from the singles event in the quarterfinals. Romania’s Marius Copil was defeated by Italy’s Luca Vanni in the semifinals of the tournament in Taverne (Switzerland), score 6-4, 6-4.

Sanchez tops UCI world standings

Spain’s Luis Leon Sanchez has taken over leadership of the International Cycling Union’s (UCI) standings after the Paris-Nice race he finished on third place. Sanchez has 158 points, followed by Germany’s Andre Greipel with 119 points and Spain’s Alberto Contador (winner of the Paris-Nice race) with 107 points.

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Cosa Nostra homicide suspect caught
in Bucharest

An alleged Cosa Nostra member who is also suspect in a homicide case was arrested by Bucharest Police on Monday night. The 44 year-old is believed to have murdered someone in Italy, in 1989, Romanian police spokeswoman Raluca Seucan told Mediafax. He requested to be extradited in Italy. The suspect was traced down and taken into custody by the Bucharest Police Monday night, the source explained. Giuseppe Guderi was presented in court yesterday at noon, after being arrested under a European arrest warrant issued by the Italian authorities and pending vetting by the competent Romanian court.

Senate starts Constitutional Court
judge nomination procedure

The Senate Standing Bureau yesterday agreed on beginning procedures for a nominee being assigned to the position of judge with the Constitutional Court, Senate Questor Ioan Chelaru informs. Senate leaders took note of a Constitutional Court letter notifying the term of judge Nicolae Cochinescu expires June 7 of this year, and calling for another judge appointment for the job. On March 5, Senate Deputy Speaker Teodor Melescanu of the National Liberal Party (PNL) told Mediafax he would be interested, de principio, in taking over the position. Melescanu was then adding a discussion on the terms of his leaving his current post would be untimely. The mandates of three Constitutional Court judges are due to expire this year, with two of the new holders to be picked by Parliament, and a third, by the head of state respectively.

Suspended Craiova mayor
stays behind bars

The suspended mayor of Craiova, Antonie Solomon, who was arrested on March 3 for corruption, will stay behind bars, as Arges County Tribunal rejected lawyers’ request to set him free under judiciary control, MEDIAFAX reports. Solomon was taken in custody on March 2 by prosecutors from the Pitesti Territorial Service of the National Anticorruption Directorate, under charges of repeated bribe taking, and producing and using forged documents.

Three men arrested for drug trafficking in Calarasi

Three men from Calarasi have been detained for 29 days after they were caught smuggling 1.6 kilograms of hashish in the country. According to the Office for the Investigation of Organized Crime and Terrorism (DIICOT), the three men (Petronel Costache, Razvan Gheorghe and Theodor Zaharia) bough and sold 1.6 kilograms of hashish from September 2009 to March 2010. The drugs were smuggled into Romania from Spain and were sold in Calarasi for sums ranging from RON 40 to RON 50 per gram.

Antena 1 and 3 fined
over C.V. Tudor statements

The National Audiovisual Council (CNA) decided yesterday to slap Antena 1 with a RON 15,000 fine and Antena 3 with RON 10,000 respectively for assertions made by Greater Romania Party leader C.V. Tudor as guest on the ‘Acces Direct’ and ‘La Ordinea Zilei’ TV shows.

Tudor said on the shows that President Traian Basescu is very sick, and anchors did not intervene to make sure viewers are correctly informed about the issue, the council ruled. CNA president Rasvan Popescu however drew attention to the fact the two programmes dealt with the topic quite differently, as ‘La Ordinea Zilei’ is debate-oriented and ‘Acces Direct’ merely attempted to poke fun at the president’s health condition. “Antena 1 however broadcast the official views of the person concerned as well,” the CNA head said.

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Automotive market reports steepest decline in the EU in February

Romania reported in February the steepest decline of the number of new passenger vehicle registrations in the EU– 63 per cent compared to February 2009, in the context in which the EU automotive market was up 3 per cent. The local automotive market however did a little better than in January, when the number of registered new passenger vehicles had fallen by 84.6 per cent, according to the Association of European Automobile Manufacturers (ACEA), Mediafax informs. A total of 2,658 passenger vehicles were registered in February, compared to 7,187 registered in February the year before. The number of registered new Dacia cars, on the other hand, experienced the highest annual growth in Europe (EU and EFTA – Island, Norway and Switzerland) – 45.5 per cent up to 17,491 units. The Romanian automobile manufacturer’s market share was up 1.8 per cent in February. In the case of Dacia owner Renault Group, the total number of registered new cars was up almost 30 per cent to 108,150 units, and its market share was also up from 8.8 per cent in February 2009 to 11.1 per cent in February 2010. In February, Italy was the biggest new passenger vehicle market in the EU with a total of 200,000 registered units.

Pirelli to invest EUR 300 M in several countries including Romania in 2010

Pirelli is due to invest EUR 300 M in the coming few months to increase production capacity in China, Egypt, Romania and South America, the company’s automotive tyre division General Manager, Francesco Gori, told ‘Il Giornale’, quoted by Reuters, in turn quoted by Mediafax. Gori said Europe’s third biggest automotive tire manufacturer in terms of market capitalization, Pirelli, had reported a two-digit sale volume rise on the entire market in Q1 2010 compared to the poorer performance in Q1 2009.

New BMW 5 Series Sedan in Romania
from EUR 42,600

This week BMW Romania will officially launch the new BMW 5 Series Sedan, with prices ranging from EUR 42,600 to EUR 71,400, VAT included. According to the company’s website, the model has four engine options (two gasoline engines and two diesel engines ranging from 204 HP to 407 HP), HotNews.ro informs. Thus, gasoline engines range from 3-liter 204 HP, 258 HP and 306 HP and the 4.4-liter, 407 HP top versions. The prices for start from EUR 42,661 (VAT included) for cars with gasoline engines and reach EUR 71,400 for the top version.

Mansory G-Couture
automobile, available
for EUR 500,000

G-Couture, an automobile produced in a limited series of just seven units by German company Mansory, specialised in modifying luxury cars, will be available in Romania at a price tag of EUR 500,000 without taxes, in the second half of the year. Mansory opened its local office in July 2009, but will inaugurate its showroom this spring, the general manager of the luxury car dealer, Andrei Marton told Mediafax. G-Couture has a body made largely of fiber carbon. The model was revealed at the Geneva Motor Show

Transport Ministry contracts under Parliament scrutiny

Senate’s Standing Bureau yesterday set up a special commission to look into the contracts awarded by the Ministry of Transport, Agerpres reports. The proposal came from opposition Social Democrat lawmakers. According to the document, the investigation commission is supposed to check conditions in which agreements were concluded and subsequently amended in connection with the following projects: Transylvania Motorway, Moara Vlasiei – Ploiesti motorway sector as well as modernisation and improvement works for several national roads. The commission will also seek to identify the reason why the Deva – Orastie motorway development project has not started. One of the initiators of the project, PSD Senator Sorin Bota asked for checks to be expanded to the Transport Ministry’s External Financing Directorate activity and national Roads Company departments in charge of EU funds.

Advance profit tax payment postponed until 2015

The enforcement of advance corporate profit tax payment will be postponed until 2015, leading to an extra budgetary income of RON 625.7 bn (0.12 per cent GDP) this year, according to a draft emergency ordinance posted to the Finance Ministry’s website, Mediafax reports. The postponement has been considered in order to keep the difference between estimated and actual tax in private economy, which is expected to have a positive effect on the business environment by putting tax payment capability in correlation with the tax-payer’s current financial results.

Fiscal strategy ready by May 20

The Government ahs set up a working group made up of ministers to agree on the country’s fiscal strategy by May 20. The members of the working group are the following ministers: of finance (chairman of the group), administration, transport, environment, education, defence, economy, agriculture, labour and justice; the presidents of the National Health Insurance Fund, the National Social Security Fund, the National Employment Agency, the National Prognosis Commission, the National Statistical Institute and the General Secretariat of the Government, Mediafax informs. Representatives of the social partners and academia will be included in the sector working groups, a Government decision says.

Bucharest ranked 36th in world industrial space expenditure chart

Bucharest industrial space rents remained EUR 48/sq m in 2009, but the city went up two slots into the 36th place in the world’s 49 most expensive cities in point of industrial space tenancy costs, according to Cushman & Wakefield. At the end of 2009, the annual costs associated with the occupancy of industrial space in Bucharest including rent and other expenses were of EUR 57/sq m, down from EUR 60 in 2008, where EUR 48 was the rent, according to the ‘Industrial Space 2009’ survey prepared by the real estate consultancy. Cushman & Wakefield anticipate a mild rise in the demand for industrial space, mostly for smaller-size properties from 1,000 sq m to 2,500 sq m.

ONRC: over 4,000 companies entered insolvency in Jan. and Feb.

The number of companies that entered insolvency procedures topped 4,100 in the first two months of this year, up 35 per cent from the year earlier period, according to data supplied by the National Trade Register Office (ONRC). Last February, 2,022 joined the pack, slightly fewer than their January 2,082 counterparts. In the two months combined, 3,049 enterprises filed for bankruptcy, of which 1,540 in January and 1,509 in February respectively. Over 40 per cent of the enterprises concerned are trade companies, more than 16 per cent come from the manufacturing sector, and over 15 per cent are in the construction business.

RON 1.6 M for consultancy on expropriations
for Lugoj-Deva highway

The National Company for Highways and National Roads (CNADNR) wants to organize a RON 1.6 M tender for consultancy services, judicial assistance and representation on expropriations needed in order to build the Lugoj-Deva highway section, plots 6 and 9. According to a CNADNR release, the estimated value of the contract for plot 6 is RON 120,000 without VAT, while that of the contract for plot 9 is RON 1.48 M without VAT.

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CEZ Distributie lays off 7 pc of staff

CEZ Distributie belonging to Czech utility group CEZ will lay off approximately 110 employees representing 7 per cent of the entire personnel this year, Mediafax informs. ‘The intention is to end current year with 1,400 employees. We had 1,516 workers at the end of 2009. The measure is generated by our investing in transformation stations and in the implementation of the SCADA system (for operation surveillance and monitoring – our note)’, company CEO Doina Vornicu said. Some of the leaving employees will retire, while the other ones will receive compensations under the collective bargaining agreement. According to Vornicu, no large-scale re-structuring is envisaged. On the other hand, CEZ Distributie intends to complete investments of RON 196.2 M., bigger by 48.6 per cent than in 2009, primarily in grid and transformation station refurbishments.

Romania’s annual inflation rate,
second-highest in the EU

In February, Romania’s annual inflation rate of 4.5 per cent was the second-highest in the EU, with the EU’s average standing at 1.4 per cent, Eurostat informs. According to a report published by the EU’s statistics office, in January Romania’s annual inflation rate stood at 5.2 per cent. The steepest drops were registered in Latvia (4.3 per cent), Ireland (2.4 per cent) and Lithuania (0.6 per cent). Apart from Romania, the largest growths were registered in Hungary (5.6 per cent) and Poland (3.4 per cent). Consumer prices in Romania grew by 0.2 per cent last month compared to their level in January. The growth level was just below the EU’s average of 0.3 per cent. The Euro Area, a region that includes the EU’s largest economies, registered in February an annual inflation rate of 0.9 per cent and a monthly inflation rate of 0.3 per cent. The annual and monthly inflation rates calculated by Eurostat for the Union and the Euro Area are provisional, the report concludes.

Bank account switching rules in force as of April 1

Common rules on customer mobility in relation to bank accounts are pending Central Bank approval, being due to come in effect on April 1, Romanian Banks’ Association lead adviser Constantin Rotaru told Mediafax. He noted that five banks have already announced they prepared their operating structure for new rules’ implementation. At the beginning of November 2009, the European Commission announced that all EU consumers except those in Romania could already switch bank accounts in the same member state more smoothly.

Duty-free shops stay open thanks to Court of Appeals ruling

A Finance Ministry order aimed at shutting duty-free shops was suspended by the Ploiesti Court of Appeals, according to daily ‘Financiarul’. Less than a month since Finance Minister Sebastian Vladescu signed the order banning duty-free shops trade, judges with the Ploiesti Court of Appeals suspended it, following demands made to court by Euroavipo Posta Calnau, one of the largest duty-free operators in this country. Neither the Fin Min nor the head of the National Agency for Fiscal Administration (ANAF), Sorin Blejnar, commented on the court’s verdict. A Novel Research study shows 27.4% of the cigarette smuggling into Romania is made via duty-free shops, outsized by direct smuggling from the Republic of Moldova.

Romanian luxury market,
down 30-35 pc last year

The Romanian market of luxury goods dropped by 30-35 pc in 2009, to EUR 350 M, because of the economic crisis, but will recover this year, according to consultancy firm CPP Management Consultants CEO Oliver Petcu, quoted by Mediafax. A report unveiled by CPP Managing Consultants shows that the local market of luxury goods has exceeded that of Bulgaria, evaluated at EUR 250 M, while the Serbian market topped EUR 300 M. In 2009, the crisis hit most segments of luxury products, with the highest decline reported by the car industry and the sector of luxury boats. The only segment that held steady against 2008 is that of spa centers. Constanta and Iasi ranked first in a chart of cities where luxury goods were in highest demand.

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