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Judges reject OTV owner’s appeal to movement ban


Sector 1 Court rejected, on Monday, the appeal made by the OTV owner, Dan Diaconescu, to the extension of the movement ban he is subject to, Agerpres informs. The court ruling is final and can no longer be appealed against.


On leaving the Sector 1 Court, Diaconescu stated that the court ruling is “mystifying”, arguing, at the same time, “there are several errors” in the case.


On July 22, the OTV owner was announced, by the National Anti-corruption Directorate (DNA) that he was banned, for another 30 days, from leaving the country. Diaconescu and his associate Doru Parv were arrested on June 23 by Sector 1 Court magistrates, charged with having blackmailed the Mayor of Zarand Township, in Arad County. On June 25, Diaconescu was released from prison, but Parv remained in detention. On July 16, the preventive arrest warrant in Parv’s name was extended by 20 days.


Car driver injured after being shot in traffic


A car driver in Craiova was injured, on Monday, ending up in hospital, after being shot with a rubber ball gun, during an argument he had in traffic with another man, Mediafax reports. The incident occurred after one of the drivers failed to grant right-of-way to the other, in a roundabout. According to a spokesperson for the Dolj County Police, Officer Amelia Caprarin, Florin Stania, aged 28, from Craiova, entered the roundabout without granting right-of-way to Stefan Cosmulescu, aged 22. The two got into an argument, then started vexing each other. At a certain point, the two drivers stopped at a juncture, and Cosmulescu pulled out a rubber ball gun, with which he shot at the other driver. Following the incident, Stania was injured and was taken to the Emergency County Hospital in Craiova.


Young woman weighing 240 kg dies from heart arrest six months after giving birth


A woman weighing 240 kg who gave birth to a girl in February died on Sunday morning at the Craiova Hospital Emergency Ward, where she had been sent from a hospital in Slatina, after a heart arrest, Mediafax reports. Despite weighing 240 kg, Victoria Lacatusu, 24, from Draghiceni commune, Olt County, engendered a girl in February. Of late, she developed a serious heart disease and Sunday she was brought from the Slatina Hospital, around 5.30 AM, in severe condition. “She was brought with cardiopulmonary arrest. Doctors tried to resuscitate her for 30 minutes, but they could do nothing to save her life,” said Craiova Hospital manager Florin Petrescu. According to the source, the woman was initially hospitalised in the Infectious Diseases Ward of the Slatina Hospital, with the diagnosis of fever syndrome. “As she was suffering from morbid obesity, many complications could appear that would have caused the death of the patient. An autopsy will be made to find out the precise reasons that caused the death,” the hospital manager explained.


In February, while she was about to give birth, Lacatusu was transferred from the Craiova Emergency Hospital to the Bucharest University Hospital, because there was no operation table that could withstand such a weight. One day after being transferred to hospital in Bucharest, she gave birth to a baby girl weighing 2.9 kg.


Inquiry started on woman waiting over 60 minutes for ambulance


An investigation has been opened at the Bucharest Ambulance Service after a woman who fell down in the street had to wait for an ambulance for more than one hour Sunday, Antena 3 channel news reported. According to eyewitnesses, the ambulance arrived at the scene more than one hour after being called, though the Service claims the delay only amounted to 40 minutes, with but a medical assistant onboard. The incident happened Sunday around 7:00 pm. Ambulance service officials say the scarce number of ambulance doctors is the explanation for no doctor being at the scene. Health State Secretary Raed Arafat told Antena 3 given showed signs of fainting, yet she was conscious. Arafat however admitted the ambulance shouldn’t have been late, and even if ambulances are in short supply, fire fighters should have been called instead to take the woman to hospital, given the case was rated ‘a first degree emergency’.

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BUSINESS

NEWS IN BRIEF

BNR hard currency reserves slightly down in July


he hard currency reserves of the National Bank of Romania (BNR) fell slightly in July, from EUR 31.63 bln to EUR 31.58 bln, given inflows totalling EUR 3.05 bln and outflows equalling EUR 3.1 bln, Mediafax reports. This is the third months in succession that the hard currency reserves of the central bank have been on the wane, starting with May’s EUR 397 M decline and continuing with the EUR 362 M drop in June. July say inflows of EUR 3.054 bln representing the fifth tranche of the stand-by agreement, money into the Finance Ministry accounts, a change in the minimum hard currency reserves required of the credit institutions, fuelling the European Commission accounts, revenues from managing international reserves and others.


Hedging fund: It’s time for dollars


The euro headed for a weekly decline against the dollar on speculation stress-test results today will reveal loan losses at European banks, reducing demand for the region’s assets, says Bloomberg quoted by Mediafax. This is why FX Concepts LLC, the hedge fund that bought the euro in June just as it began a 9.7 percent surge against the dollar, now says it’s almost time to get out of the currency. The firm expects the euro’s advance from a four-year low on June 7 to come undone by September, partly because European austerity programs will start to weigh on growth.


OTP Bank – 2nd in European ranking after stress tests


Hungarian OTP Bank, also present in Romania, came in second in the ranking made based on the stress tests conducted on 91 European financial institutions, is stated in a press release. According to the document, OTP Bank ranks second, after Spanish bank Banca March, while Polish bank Powszechna Kasa Oszczedbnosci Bank Polski ranks third, in terms of capital, which weighed the most in this test. Based on parameters in the most adverse scenario, OPT Group’s tier 1 ratio would be of 16.2 per cent at the end of 2011, that is, four times higher than the minimum compulsory level, of four per cent. OTP Bank Romania is a subsidiary of OPT Bank. In 2004, OTP Group purchased 99.99 per cent of RoBank, which was licensed to operate as an international bank in December 1995.


Dacia reports 47.5 pc y.o.y. sales hike in France, in July


Dacia carmaker announced a 47.5 pc year-on-year sales increase on the French market in July, up to 8,934 units, despite the total French auto market taking a 12.9 pc plunge y.o.y., after authorities lowered the scrapping premium to EUR 500, beginning with the 1st of July, according to data released yesterday by the French Automobile Manufacturers Committee (CCFA), Agerpres reports. Diminishing the scrappage premium in France from EUR 1,000 to EUR 700 on the 1st of April was followed by an 11.5 pc sales drop in May, followed by a 1.2 pc decline in June, and the next premium trimming to EUR 500 in July pushed automobiles sales down 12.9 pc year-on-year.

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