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Bucharest
June 27, 2022
SPORTS

NEWS IN BRIEF

K1 fighter Andrei Buda arrested for blackmail


Arad-based K1 fighter Andrei Buda was placed under preventive arrest for blackmail on Tuesday evening after the Arad Court accepted the appeal filed by prosecutors against the Court’s decision not to consider Buda a public safety threat. The sentence is definitive. Codrin Gavra, the prosecutor handling the case, stated on Wednesday that Andrei Buda was detained on Tuesday night after the Arad Court accepted the appeal. Andrei Buda (26) was detained last week after the prosecutors, acting on three blackmail complaints filed against him, tapped his phones and stated that they gathered enough evidence to prove the existence of the blackmail.


Prunea: Dinamo failed
to win title because
of Ioan Becali



Ioan Andone’s return as head coach of Dinamo has led to a curtailment of the role played by Florin Prunea, the club’s sports manager. Having been attacked by Ioan Becali, who announced that he will be Andone’s future advisor, Prunea replied in kind. The former international player considers that Ioan Becali is the only person at fault for the team’s failed season. “Ioan Becali admitted that he influenced Dinamo’s players. It’s a very serious thing. But let me tell you something else. I’m telling you that this character is in proportion of 90 per cent guilty for Dinamo’s failure to win the title. I told you before that someone was interested in destroying Dinamo’s team, in ripping it apart, in sowing division. And he succeeded. I’m talking about Ioan Becali,” Florin Prunea stated for GSP TV. Prunea was referring to the Bratu row back when five Dinamo players ran off from a training camp in Cluj.


Basketball player
Catalin Burlacu suspended for doping



On Monday the National Anti-doping Agency (ANAD) suspended Catalin Burlacu, skipper of the Romanian men’s national basketball team and one of title holder CSE Ploiesti’s players, after he tested positive on April 15. Catalin Burlacu tested positive in an anti-doping test on April 15, at the end of a game against BCMU Pitesti, a game counting for the first round of the Division A playoffs. At ANAD’s request the player was temporarily suspended on May 19 ahead of game 3 of the final against “U” Mobitelco Cluj. The following day he was heard by ANAD’s special commission.


Judo: Dan Fasie wins silver medal in Sao Paolo


Romanian athlete Dan Fasie has won the Silver medal in the 66-kg event at the Judo World Cup in Sao Paolo. Mongolia’s Hashbaatar Tsagaanbaatar defeated Fasie in the final through ippon. Romania’s Daniel Brata finished on 7th place in the 100-kg category, while Vladut Simionescu (100-kg category) lost in the first round. 311 athletes (166 men and 145 women) from all 5 continental judo unions took part in the competition.


Football: Dutch on track after 4-1 win over Ghana


Netherlands coach Bert van Marwijk seems to have built a solid framework for his team who cruised to a 4-1 World Cup warm-up win over Ghana on Tuesday, Reuters informs. Dirk Kuyt cut in from the right flank to open the scoring after half-an-hour when he netted a rebound after goalkeeper Richard Kingson blocked a shot from Robin van Persie. Striker Van Persie added a fourth from the penalty spot, his third goal in two matches, after Kingson fouled Van der Vaart.


Other results in friendly matches on Tuesday: Portugal 3 – Cameroon 1; Switzerland 0 – Costa Rica 1; Australia 1 – Denmark 0.

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BUSINESS

NEWS IN BRIEF

Government passes project to restore 10,000 kilometers of roads during 2010-2013


The Government passed a project aimed at restoring and revamping 10,000 kilometres of county and local roads during 2010-2013, which grants priority to the roads of economic and social importance, and those connected to motorways, industrial and tourist zones, Development Minister Elena Udrea announced. The minister said on Tuesday that the investment will exceed EUR 2 bln. According to Udrea, because of insufficient funds, the ministry only plans to revamp 500 km of roads this year, on money from the state budget. At mid-May, the Ministry also had contracts for restoring 2,063 km of road, through the Regional Operational Programme, mainly financed from European funds. According to the minister, the roads will be restored based on criteria such as their economic or social importance, or if they connect to motorways and tourist areas. Furthermore, as some of these roads are crossing several counties, the Ministry might take over the bids for contracts, which are now held by county councils.


Bulgaria awards 30-year concession contract for Vidin Port


The Bulgarian Government has awarded a 30-year concession contract over the Vidin Port to the biggest Bulgarian inland water transport operator on the Danube – Bulgarian River Shipping JSC – Novinite reports. The decision by which the inland shipping company was offered the concession contract for the Vidin North port terminal and for the Vidin ferry terminal was passed by the Bulgarian cabinet yesterday. The tender presented by the winning company satisfied all legal requirements, including those in connection with the investment to be made in buildings and technical equipment, Bulgarian executive says. Bulgarian River Shipping is bound to invest a total of BGL 16 M (EUR 8.2 M) in the course of the first four year of concession. In March 2010, the same company was awarded the contract to operate the ferry service connecting Vidin to the Romanian Port of Calafat.


Secret Russian investors take control of Ukrainian iron & steel industry


The scandal surrounding the acquisition by unidentified Russian investors of large iron and steel enterprises of Ukraine has reached the Supreme Rada, the ‘Nezavisimaia gazeta’ states, according to HotNews. Ukrainian MPs were outraged by the secrecy of the deals putting over 50 per cent of industrial facilities in the Ukrainian economy’s basic sector in the hands of unknown Russian buyers. Mass-media suggest the common factor in all those deals is the financial involvement of Russian bank Vnesekonombank where Vladimir Putin is chair of the Supervision Board. Vladimir Boyko, manager of the Mariupol steel mill that, along with the Zaporojstal works, is the subject of the latest mystery acquisition scandal, presented his opinion on the situation to President Viktor Yanukovych. He expressed his hope that the state power would step in and fight what he called ‘a piratical practice’. “I could assume these are private interests. However, I am more tempted to suspect that the Kremlin may be also involved: the Russian political leadership perhaps has become aware of the fact that the only effective way to influence Ukraine’s domestic and foreign policy is to buy control of the country’s main budgetary and systemic assets. There is no doubt that the iron and steel industry is one of the core branches of Ukrainian economy,” politologist Mikhail Pogrebinsky explains.

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BUSINESS

NEWS IN BRIEF

BVB posts double year over year profit for Q1


The Bucharest Stock Exchange (BVB) in Q1 obtained net profit of RON 2.47 M, twice as big as the year earlier result of RON 1.22 M, according to unaudited financial disclosures submitted by the market operator, Mediafax informs. From January to March 2010, BVB registered net turnover of RON 4.44 M, almost double compared to the one reported fro the same period in 2009, which was of RON 2.27 M. The market operator’s revenues were also up by 23.78 per cent, from RON 4.9 M in Q1 2009 to RON 6.09 M in Q1 2010, and expenditures dropped by 3.6 per cent at RON 3.14 M from RON 3.26 M in Q1 2009. In 2010 BVB forecast total revenues of RON 20.6 M, smaller by 11.6 per cent than those reported for the previous financial period, and gross profit down 40.3 per cent at RON 5.7 M. The Bucharest stock market operator last year reported total revenues of RON 23.5 M and gross earnings of RON 9.6 M.


Crisis puts all accounting and fiscal strategies to work


In 2009, over 80 per cent of companies that posted a profit had significant provisions for unpaid invoices as part of their balance sheets, given such invoices rocketed over the last year, according to surveys by R&M Audit, one of the leaders on the accounting, fiscal consultancy and auditing market. During the years of economic growth, management was focused on increasing market share and/or revenues, which was natural. Last year, cost-cutting took precedence, in some cases, unfortunately, at the expense of efforts to boost revenues the highest possible. Further more, since last spring, managers and shareholders have become very receptive to proposals by tax consultants to use a string of instruments at hand, aimed at improving the economic situation: provisions for unpaid invoices, for example, is an instrument that has rather been neglected by many companies, despite receivables being in place – while much fewer, true – before the crisis too, with the said provisions making the taxable income go down. Nonetheless, in 2009, provisions for unpaid invoices were the fashion for profit-yielding customers, R & M Managing Partner Mirela Serban said.


Vodafone Romania drops roaming charges


Starting June 11, Vodafone Romania will drop the Vodafone World standard roaming charges for its voice services in the countries of the European Union, in line with European Commission regulations. Vodafone clients will enjoy the new rates for the calls they make and receive in EU member states and in the countries of the European Economic Area (EEA), namely Iceland, Liechtenstein and Norway, as well as in Switzerland. Both prepaid card and pay monthly customers who travel in states of the EU, EEA and in Switzerland will be charged the following rates, through the Vodafone World service: 0.39 EUR/min for a call to any destination in the EU, EEA and Switzerland, down from 0.43 EUR/min now; and 0.15 EUR/min for a call received from within the EU, EAA and Switzerland, from 0.19 EUR/min now. The aforementioned rates do not include the VAT. In addition, Vodafone Romania extends its network of agreed operators available in all world regions. Vodafone clients will thus also enjoy lower roaming rates outside the European Union, through 56 preferred Vodafone operators in as many countries. On March 31, 2010, Vodafone Romania had 9,730,000 clients.

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