12.4 C
Bucharest
November 14, 2019
SPORTS

NEWS IN BRIEF

Daminuta to play
for AC Milan



After playing for Timisoara from where he ended up playing for Inter in 2008, a club that eventually loaned him to Dinamo in the second half of last season, Romanian player Cristian Daminuta will now play for AC Milan. The 20-year-old Romanian player along with Attila Filkor and Marco Ezio Fossati, two other young Inter players, have signed for AC Milan in exchange for EUR 7 M, fcinternews.it website informs. In 2009 Daminuta was loaned to Modena. Last spring he was loaned to Dinamo where he spent most of his time on the substitutes’ bench.


Mourinho wants
Chivu at Real



Jose Mourinho, the new head coach of Real Madrid, has asked club president Florentino Perez to try to transfer Inter Milan’s fullback Cristian Chivu, sport.es website informs. The head coach asked Florentino Perez to get the Romanian fullback after he found out that Giorgio Chiellini’s transfer from Juventus is impossible. Such a move could reopen negotiations for Inter Milan’s Maicon too. Mourinho feels that Brazilian Marcelo’s presence on the left flank is not enough and wants an alternative, being optimistic that Inter’s agreement on Chivu’s transfer will be obtained.


Friendly: Ferencvaros 0 – Steaua 1


Steaua Bucharest defeated Ferencvaros Budapest, score 1-0 (1-0 at half time), in a friendly game part of the training tournament in Austria. Romeo Surdu scored the game’s only goal in the 32nd minute. Steaua will play its last game of the tournament on Tuesday when it will meet Egypt’s Zamalek Cairo. Czech Republic’s Slavia Prague (a team that finished on 7th place last year) defeated Romanian title holder CFR Cluj in Abtenau, score 4-2. The Czech team twice held a three-goal lead (3-0 and 4-1) thanks to the goals scored by Lukas Jarolim (19th minute), Peter Grajciar (41st minute), Petr Janda (47th minute) and Jakub Hora (74th minute). Traore scored CFR’s goals in the 66th and 88th minutes.


Romanian referees
in Champions League
and Europa League



Romania’s Alexandru Deaconu, Augustus Constantin and Ovidiu Hategan will referee games in the second preliminary rounds of the Champions League and Europa League, UEFA informs. Deaconu will referee the return leg of the Olimpia Rustavi (Georgia) vs. FK Aktobe (Kazakhstan) game on July 20, a game counting for the preliminary round of the Champions League. Augustus Constantin will referee the first leg of the FK Baku (Azerbaijan) vs. Buducnost Podgorica (Montenegro) game on July 15, a game counting for the preliminary round of the Europa League. Ovidiu Hategan will referee the return leg of the JK Sillamae Kalev (Estonia) vs. Dinamo Minsk (Belarus) game on July 22, a game counting for the preliminary round of the Europa League.


Chess: European medals for juniors


Romanian chess players have won 10 medals – three Gold, four Silver, three Bronze – at the European Youth Rapid and Blitz Chess Championships in Subotica, Serbia. Mihnea Costachi (8 years old), Robin-Alexandru Dragomirescu (18 years old) and Codruta-Alexa Copilu (10 years old) won the Gold medals.

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SPORTS

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Tennis: Dulgheru loses semifinal in Budapest


Hungary’s Agnes Szavay, winner of the Budapest tournament’s previous edition, defeated Romania’s Alexandra Dulgheru in the semifinals, score, 1-6, 7-5, 7-5. Dulgheru had the chance of taking a 4-3 lead in the third set but with the public’s support Szavay won the break at 5-5. Dulgheru lost the chance of a new break and Szavay qualified for the final. For her performance Dulgheru (top seed 2) will receive a check for USD 10,200 and 130 WTA points.


Handball: World Cup 2011 opponents


The Romanian men’s national handball team will play in Group C alongside Serbia, Croatia, Denmark, Australia and Algeria in next year’s World Cup in Sweden. “This group is fairly good when compared to Group A for example, a group that consists of France, Germany and Spain. It turned out to be a bit better than usual,” head coach Vasile Stanga stated after the draws that took place on Friday. After finishing on 15th place in the last edition of the World Cup, Romania surpassed all expectations and was one of the best 24 teams in the current qualifiers, eliminating Russia.


Europa League: Dinamo to meet Olimpia Balti


Dinamo Bucharest will play against Olimpia Balti this Thursday on Chisinau’s ‘Zimbru’ stadium. The game, counting for the first leg of Europa League’s second round of qualifiers, will be refereed by a Greek team led by central referee Michael Koukoulakis. Dinamo will leave for Chisinau on Wednesday. A ticket for Dinamo’s fans will cost RON 10 with Dinamo being offered 500 tickets.


Friendly: Rapid 1 –
Ajax Amsterdam 1



The friendly that Rapid Bucharest and Ajax Amsterdam played on Saturday in Austria’s Wattens ended in a draw, score 1-1. Siem de Jong opened the score for Ajax (73rd minute) and Sabrin Sburlea equalised in the 80th minute. Both teams finished the game one man down after Rui Duarte and Lindgren were sent off for hitting each other. In another friendly game, Steaua Bucharest defeated Greece’s Olympiakos Piraeus, score 1-0 (1-0 at half time). Here are the results of the other friendly games that took place in the weekend:


Astra Ploiesti – MFK Kosice (Slovakia) 3-0


St. Johann (Austria, 4th league team) – Otelul Galati 0-19; SK Bischofshofen (Austria, 4th league team) – FC Timisoara 0-15; Uni­rea Urziceni – Zaglebie Lubin 3-1


Davis Cup: Spain fall to France in quarter-final


Spain’s hopes of a hat-trick of Davis Cup triumphs ended when they fell 3-0 behind to France in Clermont-Ferrand after losing Saturday’s doubles rubber. French duo Michael Llodra and Julien Benneteau beat Fernando Verdasco and Feliciano Lopez in four sets to give the hosts an unassailable lead in their quarter-final. Llodra and Benneteau delighted the enthusiastic home crowd with a 6-1 6-2 6-7 7-6 win to earn France a first Davis Cup victory over Spain since 1923 and send captain Guy Forget’s team into the semi-finals. France will face the winners of the quarter-final between Russia and Argentina which the south Americans were leading 2-1 after Horacio Zeballos and Eduardo Schwank won Saturday’s doubles in Moscow against Nikolay Davydenko and Igor Kunitsyn.

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WORLD

NEWS IN BRIEF

Russian curators anger church
but escape jail



Two Russian curators were found guilty on Monday of inciting religious hatred in a case that has highlighted the growing influence of the church and its links to the Russian government. Yuri Samodurov and Andrei Yerofeyev were showered with roses by supporters as a Moscow court cleared them of a maximum jail sentence of three years for their 2007 Forbidden Art exhibit, which mixed religious icons with sexual and pop-culture images. They must instead pay fines of 200,000 roubles ($6,477) and 150,000 roubles, respectively, to the state. Leading cultural figures had appealed to President Dmitry Medvedev to drop the charges, saying it heralded a new era of censorship.


Illegal vodka gang gets 56 years


Six members of a gang that used high-tech equipment to turn out illegal vodka at the rate of 24 bottles a minute were jailed for more than 56 years on Monday. The gang made more than 1.3 million litres of the vodka in a rat-infested warehouse in Hackney, east London, HM Revenue and Customs said. In another warehouse in north London, the gang also produced 9.5 tonnes of counterfeit hand rolling tobacco at the rate of 100 pouches per minute. Polish workers, brought to the UK solely to work in the warehouses, were housed in sub-standard on-site accommodation, enabling the gang to run a 24/7 operation.

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NEWS IN BRIEF

Police: Over 240,000 interventions in Q1 of 2010


Police officers have conducted more than 240,000 interventions and more than 90,000 raids and large-scale operations in crime-prone areas in the first quarter of 2010. Police officers responded to more than 290,000 intervention requests and to more than 390,000 distress calls received through the 112 emergency number service. The police officers intervened in less than 10 minutes in 87.65 per cent of the cases and diffused 86,000 conflictual situations (43,271 family conflicts, 5,713 conflicts between groups, 37,368 conflicts generated by other reasons). In Q1 criminal investigation officers dismantled 548 crime groups, investigating a total of 2,070 persons, 670 of them while under arrest. Over EUR 1.2 M, over USD 2 M, more than 12 kilograms of gold, jewels and gold objects, and more than 115 kilograms of silver were confiscated.


Italian child stabbed by Romanian minor in Sicily


A 10-year-old Italian was stabbed by the child of a Romanian family living in Sicily’s Agrigento province, ANSA informs. The attack took place on Sunday evening in Sicily’s Cattolica Eraclea locality, while the two children were playing. The Italian child was taken to the ‘San Giovanni di Dio’ Hospital in Agrigento and will be hospitalized for 15 days. The 11-year-old attacker is the child of Romanian family. Because of his age the child cannot be held legally accountable but police officers have talked with his parents in order to find out the circumstances and reasons of the attack.

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NEWS IN BRIEF

Laszlo Tokes, responsible for churches, culture and EU expansion within EP


European Parliament Vice President Laszlo Tokes has officially taken over the prerogatives of his new office, with the reformed bishop being responsible for the education, sports, culture and relation with churches domains, as well as with the European Union’s expansion process and with the EP’s ties with UNESCO. Laszlo Tokes stated on Monday in a press conference in Oradea that he officially took over his prerogatives last week. “I can be of good use to my country Romania, a country that I represent, to the interests of Hungarians in Romania and I can contribute to improving ties between Romanians and Hungarians, being a Hungarian ethnic and a Romanian citizen,” Tokes explained. Likewise, he stated that from his new official position he wants to remove “the virtual iron curtain” that is keeping a part of the former communist states in Central and Eastern Europe isolated. Tokes Laszlo was elected Vice President of the EP in June but the voting procedure was accompanied by technical problems that dissatisfied the MEPs. He was proposed by FIDESZ and received the backing of the European People’s Party.


OECD: 2.7 M Romanian immigrants in the EU


EU member states are home to some 2.5 – 2.7 M Romanian immigrants, the Organisation for Economic Cooperation and Development (OECD) states in its latest Immigration Report issued in Paris on Monday, Agerpres informs. The report indicates approximately 61,400 Romanians migrated to other EU member states on temporarily employment contracts in 2008, representing an 11 per cent rise compared to 2007. 47,000 of them went to Germany and 5,400 to Spain. Migrant workers’ remittances peaked in 2008 (USD 9.4 bln), according to a World Bank survey citied by OECD in its report, but collapsed in 2009. In what regards the number of immigrants to Romania, it continues to be low (10,000 in 2008, 5 per cent more than the total reported in 2007). The total number of work permits issued to foreign nationals in 2008 was of 76,700, 30 per cent higher than in 2007. A third of them were granted to EU citizens, broken down into 24 per cent from Italy and 18 per cent from Germany. However, the main source of immigration for Romania remains the Republic of Moldova.


Suspended sentences
in corruption cases
may be abrogated



Justice Minister Catalin Predoiu on Monday announced he had sent the ‘small reform’ draft law that, among other things, removes suspended sentences for corruption convictions, to the Superior Council of Magistracy called to sanction it. Catalin Predoiu hopes the Executive will approve the draft law shortly so that it can be debated by the Parliament after the summer recess. Yesterday, the Minister also announced that the number of secretaries of state in the Ministry would be cut from 3 to 2. Minister Predoiu also presented the draft law designed to shorten the length of court proceedings, one of the planned changes being a smaller number of judges on the panel of the High Court of Cassation and Justice from the current nine to five. Secretary of State Lidia Barac explained the draft also limits the possibility of filing away and the referral of cases back for new trial to only one time, but increases the importance of mediation, in some cases the judge being free to order a mandatory session in that respect.

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NEWS IN BRIEF

John Ashcroft
says US press not
condemned even when it discloses secret information



While in Oradea, Friday, John Ashcroft, US attorney general during 200-2004, who coordinated the investigation into the attack on the World Trade Centre in 2001, said that, in his official capacity, he had not sanctioned the press even when it published classified information.


John Ashcroft, who is currently a professor of Law and US Government consultant on national security issues, was asked at a press conference about his comment on the CSAT decision to include press campaigns among vulnerabilities posed to national security. Ashcroft answered that in the US, there have been instances when the press was criticized for various attitudes on national security, more exactly when it published classified information on the defence system. He added that sometimes, the press receives secret information which it makes public, which could prove really beneficial to terrorists. This could be a source of tension between the press and authorities, which was critical of such deeds, yet the latter has neither condemned nor sanctioned such disclosures. The former US official held a public conference Friday at the University of Oradea on international cooperation aimed at prevention against terrorism and on ensuring civil rights and liberties.


Romania to pay
EUR 70 M for ECHR



Romania paid this year so far RON 43.3 M (over EUR 10 M) as compensations ruled by the European Court of Human Rights (ECHR). The announcement was made by Finance Minister Sebastian Vladescu, as answer to an interpellation in Parliament addressed by PNL Deputy Virgil Pop. For the whole year, the state set a fund of RON 297,543,000 (some EUR 70 M) “for the payment of all compensations,” Vladescu explained. The sum paid by Bucharest authorities as compensations has been on a steady rise since Romania signed the European Convention of Human Rights, but the compensations imposed to the Romanian state these years are tens of times higher than those granted in 2004 or 2005. Thus, in 2004 the state only paid RON 1.4 M as compensations. During 2007-2009, the Romanian state lost 326 lawsuits in Strasbourg. Romania’s agent for the ECHR, Razvan Horatiu Radu, recently said that most sentences against the Romanian state refer to property right infringements.


Baccalaureate graduation rate slightly up following appeals


The graduation rate of the Baccalaureate examination – the June-July session – has reached 69.30 pc after sorting out the appeals made by pupils. The rate is still 12.17 pc under the rate of 2009, when graduation rate stood at 81.47 pc after appeals. As the rate stood at 67.29 before some candidates challenged the exam, the Education Ministry has found out an increase by 2.01 pc of the number of candidates who passed the exam, i.e. 140,368 high-school graduates, against 136,254 before appeals. The list of counties with best results includes Suceava (88.94 pc) and Bihor (87.48 pc). The worst results were reported by the counties of Ialomita (48.87 pc) and Galati (52.74 pc).

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BUSINESS

NEWS IN BRIEF

Implementation of electronic vignette, postponed


The Ministry of Transport and Infrastructure (MTI) intends to postpone implementing the electronic vignette with two months because of system tendering appeals, Mediafax reports. The National Company for Roads and Motorways (CNADNR) had initially announced the electronic vignette would be introduced as of August 1. At the end of December 2009, the company awarded the contract for system provision to the Novensys Corporation/UTI Systems consortium. The contract value was of RON 35.95 M net of VAT. The tendering result was challenged, so CNADNR could not conclude agreement with the winner before June 2010. The electronic road toll payment and control and the 90-day vignette were expected to be implemented simultaneously, but the latter has been also postponed until October 1.


Romanian
automotive market down 42 pc



Almost 37,000 vehicles were registered in Romania in H1 this year, less than in H1 in 2009, according to Driving Licence and Vehicle Registration Directorate (DRPCIV) data cited by HotNews. Compared to May, vehicle registrations in June went up by 20 per cent. In H1, Dacia fell by 37 per cent. Ford by 32 per cent and Volkswagen by 45 per cent. Audi sales went down 47 per cent, BMW’s remained the same and Ferrari’s doubled. More than 500 Duster cars were registered in June. A rough total of 10,200 new cars were registered in June, representing a 7 per cent decline compared to June 2009. Dacia was market leader with over 3,400 units sold, followed by Renault and Skoda each with little over 1,000 units. A total of 36,636 new cars were registered in H1 this year, compared to the 62,661 in H1 last year.


Mitsubishi recalls over 2,000 pick-ups for checks


Mitsubishi is recalling 2,000 L200 pick-up vehicles for checks via Romanian-based importer M Car Trading, HotNews informs. The concern is that the fitting bolts of the ball joints on the front upper control arms of the vehicle may not be tight enough. No accidents have been reported in connection with the possible fault and the fixing may last from half an hour to two hours, Mitsubishi had recalled about 300 Outlander vehicles already this year. Likely to be affected vehicles – 2,029 L200 pick-ups – will be recalled, at which time the bolts will be adequately tightened.

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BUSINESS

NEWS IN BRIEF

Euro abolishment could have dramatic
consequences



The abolishment of the European single currency could have dramatic consequences for both EU economies and world economy, consequences that would surpass the positive effects of such a process, Victor Safta, manager of X-Trade Brokers Romania, stated. Last week the EUR reached the historical high of the last eight weeks against the USD. Central and Eastern European currencies also appreciated against the EUR. The EUR however remains weakened compared to the world’s main currencies. The RON appreciated by 1.3 per cent against the EUR, finishing the trading week with a RON 4.2253/EUR quotation. In their turn, other Central and Eastern European currencies reported significant results: the Polish Zloty appreciated by 1.7 per cent, the Czech Koruna by 1.5 per cent and the Hungarian Forint by 2.1 per cent. “This time however the signals at regional level have been accompanied by a series of positive national developments – in the case of Romania its relation with the IMF, in the case of Hungary the industrial production growth,” Safta added. The national currency continued to depreciate in the first part of the inter-bank trading session on Monday, a move similar to those reported by regional currencies. Thus, on Monday the National Bank of Romania (BNR) posted a reference exchange rate that climbed to RON 4.2471/EUR.


BCR funds waste
collection project with over EUR 5.5 M



BCR has funded with over EUR 5.5 M an integrated ecological waste collection management system through a loan granted to Supercom company controlled by former PSD senator Ilie Ionel Ciuclea to be used for the procurement of equipment. ‘The loan went to Supercom as single operator in the management of the municipal waste collection and transportation public c services in a project implemented in the County of Dambovita and will pay for the procurement of waste collection and transport equipment,’ the bank informs by press release. The whole project is worth some EUR 65 M, and 75 per cent of the cost is met through European funds, the balance being local contribution coming from a credit taken out by the County Council from the European Investment Bank.


Bucharest court accepts Impact insolvency opening procedure application


The Bucharest Tribunal has recently accepted a January application by company Romconstruct Ploiesti for Impact Developer & Contractor (IMP) bankruptcy procedures being opened given a RON 1.3 M debt owed to the Ploiesti-based enterprise. However, the real estate developer is set to challenge the ruling in court. “We hold the court’s decision as surprising to say the least, given the Impact asset fund contains enough funding to pay the debts owed. A mere comparison between the quantum of the receivable and the turnover and bank assets of Impact is much more relevant towards rejecting an application that is obviously groundless and hostile as well. Consulting a mere balance sheet tendered to court – which shows the payments over the past few months – shows Impact paying suppliers money amounts a lot larger and the company far from being insolvent,” according to a Impact release to the Bucharest Stock Exchange. The company executive leadership announced it would appeal the ruling. Impact states it has bank accounts in excess of RON 10 M, way more than the RON 1.3 M that Romconstruct demands, and Impact’s monthly cash inflows come to RON 4 M.


Seven companies interested in two digital TV licenses


Seven bidding companies have purchased the tender book for a tender awarding two DVB-T digital terrestrial television multiplex licenses in Romania, the National Authority for Management and Regulation of Communications in Romania (ANCOM) announced. “With a view towards participation in the selection procedures for awarding the first two DVB-T digital terrestrial multiplex licenses, the following companies have purchased the tender book: RCS & RDS, Romtelecom, TDF S.A.S., the National Radio-communications Company, Media Sat, Osterreichische Rundfunksender GmbH & Co KG (ORS) and General Satellite Sofia, according to an ANCOM release. General Satellite Sofia only purchased the tender book for the tender awarding the first license, and the other six, for both multiplexes. The tender book for both multiplexes can be purchased by August 31, with the winner to be decided on September 28 for the first multiplex, and October 8, for the second respectively.


Online bank card transactions up 60 pc in H1


Online transactions by means of bank cards totalled EUR 68.5 M in the first six months of the year, up 60 per cent from the year-earlier period, with 1.19 million transactions being processed, twice as many as in the similar interval in 2009, according to RomCard data quoted by GECAD ePayment. In the first half of this year, the average value of an online transaction was of EUR 57, down from EUR 76 in the corresponding interval a year ago, on account of new players cracking the market with lower-priced products and services. Telecom and tourist products made up the bulk of the top sellers via the ePayment system, along with utility bills, retail and entertainment.

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BUSINESS

NEWS IN BRIEF

Natural gas pipeline linking Romania and Hungary to become operational in July


Transgaz (TGN) and FGSZ (the natural gas distribution division of Hungary’s MOL Group) will open this month a natural gas pipeline with a capacity of 1.75 billion cubic meters per year. The pipeline, stretching from Arad to Szeged, will link the two countries’ natural gas grids. The pipeline will become operational on July 20, a FGSZ release informs. “Its 150-meter cross-border section is still under construction. Natural gas deliveries will start as of July 20,” FGSZ points out. In January 2008 Transgaz and FGSZ signed a letter of intent on linking the two countries’ natural gas grids in order to improve the security of natural gas supplies. The pipeline was initially scheduled to become operational in mid-2010 however the Hungarian elections that took place in April delayed the project since the construction of the cross-border section called for an inter-governmental agreement. Bucharest and Budapest signed the agreement on May 12, with the construction works resuming on June 26. The natural gas pipeline will supply Romania at first; however its flow can be reversed if necessary. The pipeline will work at maximum capacity immediately after construction is completed, FGSZ added.


Lufkin to build USD 126 M plant in Romania


Lufkin Industries, an American supplier of equipment and services for the oil and gas industry, plans to invest USD 126 M in building a plant near Ploiesti. “Lufkin Industries announces its plan to build a production plant near Ploiesti. The unit will produce equipment for the Oil Fields and Energy Transportation divisions,” a company release reads, Mediafax informs. The 33-hectare plant will create a little over 300 jobs. The Romanian Government has agreed to offer Lufkin development incentives and financial assistance worth EUR 28 M, a sum that is equivalent to approximately 30 per cent of the investment. “The Romanian operation represents an important step in our strategy to expand. This operation will improve our position on growing markets in the Eastern Hemisphere. The business in Romania will serve as a strategic hub for the European market and will facilitate exports towards Russia, Central Asia, Northern Africa, the Middle East and East Asia. Basing the operation in Romania brings many advantages. Moreover, Romania gives Lufkin access to local sources of raw materials,” Jay Glick, general manager Lufkin Industries, states in the release. Finance Minister Sebastian Vladescu stated during a meeting with Lufkin’s managers that the investment represents good development for Romania and for the economy since it will create jobs, will transfer modern technology and will stimulate exports towards Eurasia, the Middle East and Northern Africa while at the same time using natural resources to bring revenues to the state budget.


Rompetrol slashes fuel prices by up to 0.12 RON/litre


Rompetrol Downstream, the fuel distribution division of Rompetrol group, on Friday cut the prices of diesel by 0.12 RON/litre and petrol by 0.08 RON/litre. The move is a consequence of the evolutions of international fuel prices and of RON strengthening against USD. The EFIX and Alto 101 brands of petrol now cost RON 4.68 and RON 5.35 respectively, while the EFIX and Diesel Alto 101 diesel fuels are sold at prices of RON 4.59 and RON 4.9 respectively.

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BUSINESS

NEWS IN BRIEF

RON slips to a reference exchange rate of 4.2375 lei/euro


Central bank settled a reference level of 4.2375 lei per euro on Friday, 0.21 percent up from the previous session, as the national currency declined gradually on the inter-bank market, after the increases reported in the previous days. BNR posted an exchange rate of 4.2285 lei per euro on Thursday. The national currency depreciated gradually from 4.2290 to 4.2425 per euro at opening bell and at 1:05 p.m. the euro was sold for 4.2375 lei. For the U.S. dollar, BNR’s reference level grew 0.21 percent to 3.3485 lei per dollar, from 3.3414 in the previous session. On the international market, the dollar decreased from 1.2670 to 1.2722 versus the euro and then soared to 1.2663 per euro. Overnight interests on the monetary market maintained below the interest rate of 6.25 percent a year. BNR posted an average inter-bank bid rate (ROBID) of 2.29 percent a year, up from 2.27 percent in the previous session, and an inter-bank offer rate for overnight deposits (ROBOR) of 2.79 percent, above the previous 2.77 percent.


Tower Center International,
near insolvency



Tower Center International company, indirectly controlled by Avrig 35, nearly missed going insolvent, when the Bucharest Court provisionally suspended the opening of the procedure, which it initially admitted at the request of a construction company, over a debt of almost EUR 2 M, Mediafax reports. Tower Center International owns Bucharest Tower Center, which is Romania’s tallest building – 120 meters high and 22 flats. The construction of Bucharest Tower Center was completed in 2008, near Piata Victoriei square, but the building has not been leased so far because of several litigations. The tower, built upon an investment of EUR 50 M, makes the object of a litigation between Tower Center International (TCI) and Alpha Bank for the property right of 50 pc of its surface. This is why the local authorities of Bucharest District 1 did not write the building into their registers yet.


Emporiki Bank launches ‘Let the deposits work for you’ campaign


Emporiki Bank-Romania, member of France’s Credit Agricole Group, will offer from July 1 to July 31 promotional interest rates for RON-denominated one-month and three-month term deposits, a press release informs. Thus, the interest rates progressively grow at each renewal. The one-month term deposit has an interest rate of 7.80 per cent when created, one of 7.90 per cent at its first renewal and of 8 per cent at its second renewal. The three-month term deposit has an interest rate of 8 per cent when created, of 8.10 per cent at its first renewal and of 8.20 per cent at its second renewal. In order to benefit from the advantages of the promotion you have to fulfill all of the following conditions: creating a deposit ranging from a minimum of RON 500 to a maximum of RON 1,000,000 from July 1 to July 31; choosing the automatic renewal with or without capitalisation option; possibility of creating four deposits at most.

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POLITICS

NEWS IN BRIEF

Cordery: “UNPR has no place being in PES”


“The National Union for the Progress of Romania (UNPR) will never be allowed in PES because it is a party that does not have common goals with PSD, the Romanian party that is already a member of the Party of European Socialists,” Philip Cordery, general secretary of PES, stated on Monday for Antena 3. “We already have a party – PSD – and whoever wants to join us should have the same political goals that it has and that cannot be said in UNPR’s case. They have no place being within the Social-Democratic family,” Cordery stated when asked about the chances that the party formed by former PSD and PNL MPs has when it comes to being allowed in PES. “Traitors are not loved anywhere, neither in Romania nor in Europe. So the reaction is no surprise, but of course I was pleased with Mr. Cordery’s as well as Mr. Rasmussen’s and Mr. George Papandreau’s answers concerning the Socialist International. I believe it is an error to rely on the fact that traitors are loved abroad,” PSD President Victor Ponta stated during the same show. In reply to Ponta’s statements, UNPR states that it wants to have good relations with PES and with the Socialist International and that its membership will come “as confirmation of its policies and election results.” UNPR asks Ponta to be more relaxed and to accept that PSD has lost its monopoly and will lose its supremacy on the left wing of the political spectrum. “(…) The young Ponta is talking again without first thinking things through. We remind him of the fact that the PSD leadership has not denied and has not dissociated itself from its repeated attempts to bring organised crime members within state structures,” a UNPR release reads.


Geoana does not
rule out another
presidential bid



On a Realitatea TV programme, Senate Speaker and former president of the Social Democracy Party (PSD) Mircea Geoana did not rule out standing yet again for Romania’s president in the next elections. “Never say never. I don’t know, there are four more years until 2014, it’s a long time off. I’m absolutely convinced that our chief priority is to learn to offer an alternative to the ruling power,” Geoana said, adding that without a new parliamentary majority built around a political project there could be no talk of snap elections after the fall of the Boc Government. “It is plain that disappointment with the power is positively, yet not automatically, reflected on the opposition and I believe there is also a small trap here we should know to wisely avoid this autumn, at party meetings to look into our political positioning, we will go to the National Council, a congress maybe, this autumn, and this is where we must give an alternative answer to this moment” Geoana said. Asked whether Victor Ponta runs the PSD well, the Social-Democrat said the new leader is getting adjusted to his position.


Udrea: There can be
no significant problems between Gov’t
and President



Development Minister Elena Udrea stated on Monday there can be no significant communication problems between the Government and President Traian Basescu and for that reason the problems that do exist can easily be solved. Asked about the President’s statements on the existence of problems of communication between the Presidency and the Government, Udrea pointed out that this issue was not tackled during the party’s Permanent National Bureau on Monday but that communication has to be improved where there are problems.

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