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October 23, 2021


Gold for Romania’s K2 team

Romania’s K2 team (Silviu Lazar Dumitrescu and Victor Mihalachi) won the Gold medal in the 500-meter race on Lake Trasona (Spain), at the European Canoe Sprint Championships. On Saturday the same team won the Bronze medal in the 1,000-meter race. Dumitrescu and Mihalachi performed brilliantly on the final day of the competition, defeating Azerbaijan’s European title holders Sergey Bezuglyy and Maksym Prokopenko, Agerpres informs. Romania failed to win any medals during the previous edition of the European Championships in Brandenburg (Germany).

Romania wins two bronze medals at European Junior Boxing Championships

The Romanian delegation has returned with two Bronze medals from the European Junior Boxing Championships that took place in Lvov, Ukraine. The medals were won by David Rizoiu and James Damian Chereji, the official website of the Romanian Boxing Federation informs. David Rizoiu (52-kilogram category) won the Bronze medal after defeating Ireland’s Nevin Christopher (3-1) and Armenia’s Soghomonyan Taron (4-1). Russia’s Akhmedov Kamil defeated Rizoiu in the semifinals, score 4-0.

Men’s national volleyball team in European League’s final four tournament

The Romanian men’s national volleyball team has qualified for the first time for the European League’s Final Four Tournament despite being defeated by Slovakia on Sunday, score 3-0 (25-16, 25-22, 25-18). The team qualified for the tournament on Saturday evening after winning its first leg game against Slovakia (3-1). That result and Spain’s win over Great Britain (3-0) settled the group standings ahead of the final games. Spain and Romania topped Group A with 17 points each after playing 10 games. The Romanian team has qualified for the first time for the Final Four Tournament that will take place in Guadalajara on July 16-17.

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Canoeing and Kayaking: Romania wins European bronze

Romania’s Canoe-2 (C-2) men’s – Lazar Silviu Dumitrescu and Victor Mihalachi – won a bronze medal in the event’s finals on Spain’s Trasona Lake, Saturday. Azerbaijan got the gold, 3’4”939/100, and Russia, silver, 3’34”745/100. Romanians came third on 3’34”930/100. Romania’s 1000m Canoe-4 (C-4) men’s – Silviu Simioncencu, Nicolae Bogdan, Mihail Simion, Florin Comanici, ranked 4th, 3’21”776/100. Russia won the gold – 3’17”363/100, followed by Belarus – 3’18”438/100, and Germany – 3’19”084/100.

Men’s Volleyball: Romania’s seventh European League victory

Romania’s men’s volleyball team won its seventh victory Saturday in group A of the European League competition, outplaying Slovakia away 3-1, 21-25, 26-24, 21-25, 18-25, after 104 minutes of actual playing. Stelian Moculescu’s players are therefore getting one step closer to qualifying into the Final Four Tournament in Guadalajara, July 16-17. After nine matches played in Group A, Romania won seven and lost 2, gathering a total of 16 points. Romanians’ opponents are ranked as follows: Spain (15 points), Great Britain (12) and Slovakia, 11 points. Romania’s last two fixtures in the group will be played at home, in Constanta, July 9 and 10, against Spain. For their part, Romania’s women’s team, conceded to Bulgaria, 3-1 (25-20, 25-22, 26-28, 26-24), in a European League group A match in Gabrovo, Friday evening.

Tennis: Crivoi loses Arad semi-final

Romanian tennis player Victor Crivoi, 168th ATP, lost to French 136th ATP David Guez, 7-6 (7/5), 7-6 (8/6) Saturday’s semi-final of the EUR 30,000 Arad tournament. Guez was to meet Sunday evening conational Benoit Paire, who defeated Spain’s Daniel Munoz-De la Nava.

Football: AS Roma makes concrete offer to Lobont

AS Roma made a concrete offer for Lobont’s permanent transfer to AS Roma, according to the Chairman of the Dinamo Board of Management , Nicolae Badea. The goalie have been loaned to the Italian side. “Bogdan Lobont’s transfer to AS Roman have entered the finishing strait. He had been loaned to AS Roma until June 30, and the Italian club advanced a concrete offer for a permanent transfer. Lobont’s wish to continue his career at AS Roma weighed a great deal in this decision,” Nicolae Badea told the Dinamo website.

Materazzi, FC Brasov coach for just… three days

Italian coach Giuseppe Materazzi had his training contract with FC Brasov terminated only after three days after being presented to the team. The team’s coach, Ioan Neculaie, holds he believed the Italian didn’t fit in with the team, reason for which Materazzi partied ways with the Romanian side, having reached a relevant common ground with the team’s owner. “We have ended today , the collaboration with Coach Giuseppe Materazzi. There have been some misunderstandings and we agreed on parting ways. The team will be trained by Daniel Isaila, Robert Ilyes and Andrei Santa. We have some coaching alternatives in view and I hope in a matter of days I will announce the name of the new coach,” FC Brasov president and owner Ioan Neculaie told the club’s website.

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Nanny sentenced to one year in jail for child abuse

A Bucharest nanny will spend a year in jail, for physically abusing the two children left in her care. The judges of the District 6 Tribunal found Ecaterina Spirea guilty of beating the two children she had to care for, and sentenced her to paying moral compensations of RON 2,000 plus a criminal fine of RON 3,000, Mediafax reports. The also court revoked the parole suspension of a one-year term in prison Spirea had been sentenced to in 2007, in a case of embezzlement. The woman may appeal against the sentence at the Bucharest Tribunal.

Vaslui penitentiary employee shoots himself

An agent at the Vaslui penitentiary shot himself in the chest on Friday night. The victim was taken to the Vaslui Emergency County Hospital where he underwent surgery, “Jurnalul National’ daily reports. “Two gunshots were heard. The head of the shift began the relevant procedures into the case, which resulted in an agent being found with a gunshot wound in his chest. At the time of the incident, the agent was on patrol duty within the perimeter of the detention area, equipped with a fully automatic pistol model 1963,” Nicolae Toma, spokesman for the Vaslui penitentiary, said Saturday. The Vaslui County Police Inspectorate and the Prosecutor’s Office of the Vaslui Tribunal opened a probe into the case. According to early information, the agent resorted to the desperate gesture on account of the large debts he owes.

Girl snatched from hospital last year returns home

Denisa Novacovici, the girl snatched from the Dystrophic Children Ward of the ‘Louis Turcanu’ Hospital of Timisoara in October 2009, which was later found in Switzerland, was returned to her family on Sunday evening, Mediafax reports. After landing on the Timisoara International Airport, the girl was escorted by the police officers who looked into the case, and by her parents. At mid-October 2009, Timisoara Police began investigating the disappearance of a two-month old baby girl from hospital, after employees of the institution reported she had been abducted by unknown people who wrote in a note that they did this to prevent the baby from dying. Last December, police found the girl in Switzerland and took into custody the main kidnapping suspects – a woman aged 39, born in Satu Mare, and her Swiss husband.

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Pillar II pension funds report H1 yield of 9.9pc

Compulsory private pension funds (Pillar II) in H1 recorded an average yield of 9.9 per cent, and optional pension funds (Pillar III) – of 6.6 per cent, despite adverse economic and financial conditions, with total net assets being in excess of RON 3.6 bn, according to the Association for Privately-Administered Pensions of Romania (APAPR). Compulsory pension funds in the last 12 months (from June 30 2009 to June 30, 2010), reported a yield 20.7 per cent and optional private pension funds of 15.4 per cent, with performance varying according to the risk category of the pension funds and allocation of investment per classes of assets. According to APAPR, investments in stock exchange listed stocks mad the biggest influence on the performance differences between private pension funds, with stock exchanges showing extremely high volatility in H1 this year.

Home and powerful vehicle taxes applicable in 2011 as well

Taxes to be paid by people who own more than one residential property and those for vehicles with engines of over 2,000L, substantially increased on July 1, 2010, will stay at the same level throughout 2011 as well, Mediafax informs. The Government counts on raising a total of RON 500 M in that way. The higher tax is to be paid by people who have two or more residential properties ‘that are not let to tenants.’ The Executive accounts for increasing the tax by the fact that the measures adopted so far proved to be insufficient for keeping the budget deficit and fulfilling commitments Romania has made towards international bodies.

Romanian entertainment, media market, the third fastest growing in CEE in 2010-2014

The Romanian entertainment and media market will register a 9.1 per cent compounded annual growth rate over the next five years, reaching a market value of USD 3.5 billion in 2014, 60 pc more than the 2009 market value of USD 2.3 billion, according to this year’s edition of PricewaterhouseCoopers’s (PwC) “Global Entertainment and Media Outlook” report. The local market will be the third fastest growing market in Central and Eastern Europe (CEE), after that of Turkey and Russia, and will see higher growth rates than the CEE average market growth (8.3%) and double from the compound annual growth rate in the EMEA region (Europe, Middle East and Africa) – 4.2 pc. Advertising spending will also see a noticeable growth in Romania, from USD 417 million to USD 747 million in 2014.

Romania, eighth among ten riskier world economies

Romania is among the top ten riskier economies in the world, ranking eighth, according to a report by CMA Data Vision, Mediafax informs. The risk ranking is based on the cost of insuring debt. The credit default swaps for Romania’s debt has reached 410.22 points, while the default probability is of 24.7 percent. The credit default swap (CDS) measures the cost of insuring debt against default and also determines the yield required by foreign investors for the acquisition of sovereign titles. CDS also influence the external financing costs for banks and companies.

Gas price to increase by 9 pc this winter

The price of natural gas will go up by 9 pc, ‘Antena 3’ reports. The Ministry of Economy already made its calculations for the winter programme at a price of 989.6 USD for 1,000 cubic metres of gas, while the price for Q1 of 2011 is estimated at 1,008.7 USD for 1,000 cu.m. Ministry experts say these are the prices paid by the producers of electricity and thermal energy, and they include the cost of gas plus fees of transport, supply and distribution. The Ministry did not take into account other price hikes, like adjustments by inflation rate, experts added.

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