The Romanian Government approved the second budget revision this year, Prime Minister Emil Boc announced Monday. According to the revision draft, the budget revenue and expenditure estimates for this year were slightly raised, to EUR 38 billion and EUR 46.7 billion, respectively.

Romania's Government will introduce a financial incentive package to encourage purchases of electric cars through an "ecologic bonus" for consumers and through tax deductions or state aid for producers.

*Finance Ministry has to raise EUR 1 billion from banks on Thursday – in Ziarul Financiar
*Only 14% of Romanian got a holiday during July – September – in Ziarul Financiar
*OTP lost EUR 7 million in the third quarter. Pressure moves to mortgage loans – in Ziarul Financiar
*Sanofi- Aventis, close to finalizing move of ten products to Bucharest. Exports start in in February – March – in Ziarul Financiar
*Romanians spend EUR 100 million a year on construction tools – in Ziarul Financiar

Car sales in Romania will reach 96,000 units by yer-end and will grow by 7 percent in 2011, to 103,000 units, according to Henrik Nenzen, the general manager of the Ford National Sales Company in Romania.

Romania’s car output exceeded 290,000 units in the first ten months of 2010, close to the level registered in 2009, when...

Car market Daimler AG's shares will be available for Romanian investors on the Bucharest Stock Exchange platform starting November 23, without being actually listed on the BSE. The stock exchange has approved shares trading on the ATS alternative system.

Polyurethane foams and hotmelt producer Den Braven Romania posted EUR 33.7 million in turnover in the first ten months of the year, up 30 percent on the same period last year. The company already exceeded the entire sales volume for 2009, which stood at EUR 30.8 million and which was on a downwards trend compared to 2008. For the entire 2010, the company expects a EUR 37 million turnover.

Romania will launch a EUR 1 billion bond issue on November 25, hoping to cover the budget deficit and refinance its public debt with the money raised.

*Leasing market hasn't stopped its fall and is down 27% in nine months – in Ziarul Financiar
*Liliana Solomon: the Vodafone Romania CEO mandate was the best period of my career so far – in Ziarul Financiar
*Ursus closes down Cluj factory. Ursus and Azuga to be produced in Buzau, Timisoara and Brasov – in Ziarul Financiar
*OTE and Deutsche Telekom give one of the most important positions in Romtelecom to Romanian – in Ziarul Financiar

U.S. Bechtel, the company that is building Romania’s Transylvania Highway plans to sack over 800 employees working on the highway, arguing the construction area is not ready for further works and the Romanian state has not paid its debts for works in 2010.

The Romanian Government approved the second budget revision this year, Prime Minister Emil Boc announced Monday. According to the revision draft, the budget revenue and expenditure estimates for this year were slightly raised, to EUR 38 billion and EUR 46.7 billion, respectively.

Romania's Government will introduce a financial incentive package to encourage purchases of electric cars through an "ecologic bonus" for consumers and through tax deductions or state aid for producers.

*Finance Ministry has to raise EUR 1 billion from banks on Thursday – in Ziarul Financiar
*Only 14% of Romanian got a holiday during July – September – in Ziarul Financiar
*OTP lost EUR 7 million in the third quarter. Pressure moves to mortgage loans – in Ziarul Financiar
*Sanofi- Aventis, close to finalizing move of ten products to Bucharest. Exports start in in February – March – in Ziarul Financiar
*Romanians spend EUR 100 million a year on construction tools – in Ziarul Financiar

Car sales in Romania will reach 96,000 units by yer-end and will grow by 7 percent in 2011, to 103,000 units, according to Henrik Nenzen, the general manager of the Ford National Sales Company in Romania.

Romania’s car output exceeded 290,000 units in the first ten months of 2010, close to the level registered in 2009, when...

Car market Daimler AG's shares will be available for Romanian investors on the Bucharest Stock Exchange platform starting November 23, without being actually listed on the BSE. The stock exchange has approved shares trading on the ATS alternative system.

Polyurethane foams and hotmelt producer Den Braven Romania posted EUR 33.7 million in turnover in the first ten months of the year, up 30 percent on the same period last year. The company already exceeded the entire sales volume for 2009, which stood at EUR 30.8 million and which was on a downwards trend compared to 2008. For the entire 2010, the company expects a EUR 37 million turnover.

Romania will launch a EUR 1 billion bond issue on November 25, hoping to cover the budget deficit and refinance its public debt with the money raised.

*Leasing market hasn't stopped its fall and is down 27% in nine months – in Ziarul Financiar
*Liliana Solomon: the Vodafone Romania CEO mandate was the best period of my career so far – in Ziarul Financiar
*Ursus closes down Cluj factory. Ursus and Azuga to be produced in Buzau, Timisoara and Brasov – in Ziarul Financiar
*OTE and Deutsche Telekom give one of the most important positions in Romtelecom to Romanian – in Ziarul Financiar

U.S. Bechtel, the company that is building Romania’s Transylvania Highway plans to sack over 800 employees working on the highway, arguing the construction area is not ready for further works and the Romanian state has not paid its debts for works in 2010.