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October 20, 2020
SPORTS

NEWS IN BRIEF

Mutu’s price in freefall


Two years ago Mutu was close to leaving Fiorentina for AS Roma for EUR 20 M but now his price has dropped fourfold to approximately EUR 5 M, Italy’s ‘La Nazione’ writes. Although some club officials deny that Mutu will be sold this summer, there is also a camp headed by sports director Pantaleo Corvino that would be willing to give up Mutu right now. Corvino announced that he will consider any offer for the Romanian striker and it seems he is preparing to lower Mutu’s salary for damages caused to the club. The Romanian striker’s contract with Fiorentina expires in 2012.


Hanescu in second round in Barcelona


Victor Hanescu has easily qualified for the second round of the tennis tournament in Barcelona after defeating Germany’s Andreas Beck (81st in ATP standings), score 6-1, 6-2. Hanescu will next play against Brazil’s Thomaz Bellucci (top seed 13). For his qualification Hanescu will receive a check for EUR 10,000 and 20 ATP points.


Radoi scores in King Cup of Champions


Mirel Radoi, former Steaua player, scored twice for Al Hilal in the game that the team played and won against Al Nasr, score 5-3. The game counted for the first leg of the semifinals of Saudi Arabia’s King Cup of Champions. Radoi sealed the game with an imparable shot from a free kick.

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Mihai Chitac’s petition for release adjourned for May 5


Mihai Chitac still has to wait some more until magistrates decide whether he should be released from custody. The Bucharest Military Court of Appeal adjourned the trial regarding Chitac’s petition for an interruption of serving sentence until May 5. According to Mediafax, the trial was adjourned because the National Forensic Institute report did not clearly explain whether Chitac’s medical condition made him unfit for a prison life. The former general, sentenced to 15 years in prison for his role in suppressing 1989 anti-communist demonstrations, had been granted his petition for interrupting the serving sentence, for two months’ time, but prosecutors filed an appeal.


Suspects in murder of Chadian President’s son deferred to justice


Five men have been deferred to a French tribunal in Hauts-de-Seine, being suspects in the murder of the Chadian President’s eldest son, ‘L’Express’ writes in its online edition, pointing out that one of the suspects was arrested in Romania. According to Mediafax, the judge has introduced the charge of ‘violent theft that resulted in death’ for four of the five suspects, replacing the ‘organized gang crime’ charge initially investigated, a judicial source quoted by ‘L’Express’ pointed out. The fifth man, aged 27, was accused of complicity. On July 2, 2007, Brahim Deby, the son of the Chadian President, was found asphyxiated in the parking lot of the building he lived in. The building is located in Courbevoie, close to Paris. His body was covered in fire extinguishing powder. The murder suspects were arrested in November 2008, four of them in Paris and the fifth in Romania.


HE Pimen calls Flutur a hypocrite over non-restitution of forests


Suceava Orthodox Church heads have become extremely mad at politicians. His Excellency Pimen says Gheorghe Flutur is a hypocrite for having opposed the restitution of 190,000 hectares of forested land to the Church. Realitatea TV reports the criticism is contained in a brochure that is distributed freely in all Suceava churches. ‘(…) so Mr. Orest Onofrei and Mr. Flutur come to an agreement and prepare a draft law permanently opposing the restitution of the estate to the Church’, the brochure text reads. The brochure also contains a reference to how Gheorghe Flutur had flown the Holy Fire over from Jerusalem on Easter: ‘It is said that, in order to deceit, the devil appears to people as an angel of light’. The Archdiocese of Suceava has been engaged to continuous lawsuits claiming the 190,000 hectares of forest representing one fifth of the entire county area for the past ten years. Gheorghe Flutur has stated he was not connected to the litigation in any way.


Pandering network in Madrid,
led by a Romanian, dismantled



A network of Romanian panderers, led by Dorel Inocentiu H., 37, was dismantled in Spain, according to Spanish electronic press reports, which note that the group pandered 78 prostitutes, including two underage Romanians, who were released by the police. According to Mediafax, the network comprised 13 individuals. The AND.es website reports that 12 of the people detained are Romanian citizens, and one is Spanish. It is supposed that the 13 forced 78 young women to practice prostitution, for several months, in the Marconi industrial area of Villaverde district, in Southern Madrid. The members of the network used threats and violence to intimidate the women, El Pais daily claims, quoting Spanish police sources. The pimps asked each woman to supply EUR 100 a week, finding them, instead, clients in the industrial area. The money was cashed directly by the head of the network. According to daily ‘El Mundo’ online, the 13 panderers had previously operated in Madrid, in Casa del Campo. Two of the 78 prostitutes, underage Romanian citizens, were released by the police, the Spanish press also reports.

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BUSINESS

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Public-private partnerships worth EUR 3 bln in energy sector


European energy companies (RWE, Enel, GDF SUEZ and CEZ) as well as Asian energy companies (Japan’s Itochu and a Chinese company) are interested in being part of public-private partnerships in Romania for projects worth EUR 3 bln, Economy Minister Adriean Videanu told a press conference yesterday. Thus, EUR 1.7 bln will be used by Electra, the future national energy company, to build two energy groups with a capacity of 500 MW each, while Hidroenergetica will invest EUR 133 M in hydropower plants located along Olt River, EUR 754 M in hydropower plants along Somesul Mare River, EUR 245 M in hydropower plants along Aries River and EUR 324 M in hydropower plants along Buzau River, Mediafax informs. Likewise, the Economy Ministry will remain an OMV Petrom (SNP) shareholder with over 8 per cent of Petrom’s capital, transferring from it the part employees are lawfully entitled to, he added.


The minister added that there is a need to clarify information concerning the Romanian Investment Fund. “The idea of CEC and BNR involvement does not come from us, it’s an absurdity rumoured in certain circles. We want this account to be fueled with good assets and with shares owned within national companies,” Videanu underlined. The state’s new investment instrument will be dubbed the ‘Romanian Investment Fund’ and its portfolio will include, two months after the Fund’s creation, the state’s minority share packages.

FinMin: Raising tax base – a necessity


The Ministry of Finance will analyse the possibility of extending the tax base, the minister of Public Finance, Sebastian Vladescu, said yesterday. “Enlarging the tax base is a necessity and we will analyse the possibility to extend it, in terms of the public’s potential as well,” Vladescu said after a government session, quoted by Mediafax. President Traian Basescu warned the government on Tuesday that, according to economic data, there is a risk that the budget deficit may surpass seven per cent of GDP this year and that the five per cent reduction of the staff costs agreed upon with the IMF is not enough, urging for supplementary measures, such as eliminating all exemptions from taxes. The budget deficit target agreed upon with the IMF for this year is 5.9 per cent of GDP. According to a document quoted by Mediafax, the government intends to tax plots of land covered by buildings as well, annulling a provision in the Tax Code that stipulates these surfaces are exempt from taxes. On the other hand, the government approved an act to modify Emergency Ordinance 92/2003 regarding the Tax procedure code, with a view to reducing delay fines and raises for economic enterprises, Minister Vladescu announced. According to the minister, amendments are meant to “simplify the lives of economic enterprises”. According to the amendments, delay raises are reduced from 0.1 per cent to 0.05 per cent per day.

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BUSINESS

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Negotiations on state guarantees for Oltchim to continue with EC


The government has decided to create a commission formed by representatives of the Ministry of Finance and the Authority for State Assets Recovery (AVAS) so as to continue negotiations with the European Commission officials in order to offer a state guarantee for chemical plant Oltchim, Mediafax informs. The setting up of the commission was decided during yesterday’s government meeting. PM Emil Boc announced last week that the government will reconfirm the memorandum approved in June 2009, which stipulates that the European Union will be pre-notified of the situation of Oltchim Ramnicu-Valcea Company in view of offering the latter a state guarantee. In June 2009, the government announced that it would finalise procedures needed to file the said pre-notification to the European Commission in view of offering a state guarantee worth EUR 49 M. One month later, the government decided to transform the EUR 134 M debt that Oltchim had towards AVAS into shares and to start procedures for guaranteeing 80 per cent of a company loan of more than EUR 300 M.


Russia and Austria to seal South Stream deal


Russian Prime Minister Vladimir Putin will sign a gas pipeline deal with Austria when he visits Vienna for bilateral talks and a judo championship this weekend, the Austrian government said. Russia said in May last year it was near a deal to build a section of the Gazprom South Stream pipeline through Austria, which is also involved in the rival Nabucco pipeline project and home to a major European gas hub. On Saturday Austrian Chancellor Werner Faymann will meet judo blackbelt Putin who is also in town to oversee the European Judo Championship as honorary president. A basic agreement will be signed on the pipeline, Faymann’s office said in a statement on Tuesday.

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Mugur Isarescu re-elected as CNSF president


National Bank of Romania (BNR) Governor Mugur Isarescu has recently been re-elected for a fresh one-year term as president of the of the National Committee for Financial Stability (CNSF), Mediafax reports. The financial system in Romania has good prospects for healthy development, Committee members say, who examined the European Commission documents on a European Union framework on handling cross-border crisis in the banking sector and the outcomes of public consultations on the subject. Also, there have been reviewed the current EU debates on likely mechanisms being developed, aimed at member states sharing the fiscal burden amid the cross-border financial crisis and the setting of organizational and operational principles for cross-border stability groups. The chief goal of the Committee is to provide a stable financial system through permanent and efficient information exchange between member states, and to assess, prevent, and, depending on the case, manage crisis situations at the level of individual financial institutions, financial groups or financial market in general.


Cosmote launched 3G services in over 300 towns


Cosmote Romania yesterday launched the third-generation communication services (3G), which offers clients mobile access to the Internet at speeds of up to 21.6 Mbps, the cost of a subscription starting at EUR 11.9/ month (VAT included), the operator announced, quoted by Mediafax. The 3G network of Cosmote Romania covers approximately 58 per cent of Romania, including Bucharest, Iasi, Cluj-Napoca, Timisoara, Constanta, Galati, Craiova, Brasov, Moinesti, Oltenita and Orastie, as well as about 300 other towns and townships. “3G wide-range Internet mobile services offered by Cosmote Romania are available using the Connect 3G products (…), allowing the transfer of the largest amount of data at speeds up to 21.6 Mbps for the best price, namely, EUR 11.9/ month, VAT included, for a 5GB traffic,” is stated in a release by the operator. Cosomote Romania General Manager, Stefanos Theocharopoulos, stated, in a conference, that the operator would continue efforts to extend the 3G network at a fast pace, as it did in the case of 2G coverage (GSM infrastructure). Along with the launch of 3G services, Cosmote shops offer now a new product for connecting to the Internet for laptops by Connect EVDO, which offers access speeds of up to 3.1 Mbps. 3G Services provided by Cosmote Romania are available in roaming as well in 30 countries, in collaboration with 37 operators.


PLATINUM: Home insurance, most sought after policy


The most demanded PLATINUM Asigurari Reasigurari insurance product in March was home insurance, the company informs in a press release. The product stood for over 50 per cent of the total company portfolio as sold policies, applications and inquiries. ‘As we promised upon launching, we have competitive products combining various types of insurance policies for the entire family. In March we had a home insurance promotion combining three different discounts: 30 per cent upon conclusion of the insurance agreement, 5 per cent against full payment of the premium and 10 per cent for bringing a new customer, as well as included benefits: up to EUR 3,000 home goods insurance and third party liability insurance for the entire family with an insured value of up to EUR 1,000. These have been all strengths that brought us many home insurance customers’, PLATINUM CEO Efraim Naimer stated.

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