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.

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.

City Compass will launch the 2011 Bucharest, Romania and Beyond Guide in English on November 25, starting 19,00 hours, at the Grano – Italian Fine Food (40 Putul lui Zamfir St.).

The George Bacovia University in Bacău organizes a seminar on 'How to get a scholarship with Harvard' on November 26, from 12,00 hours, in the Aula Moldova hall of the George Bacovia University in Bacau, third floor, A wing. The event was initiated by the Romanian Member of the Parliament Tudor Chiuariu. The main guest of the event will be Alexandru Manaila, Harvard interviewer for Romania and Harvard College graduate, the class of 2007.

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.

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.

Calendar of events for the week November 22-25: conferences, exhibitions, workshops, press conferences.

*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

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.

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.

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.

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.

City Compass will launch the 2011 Bucharest, Romania and Beyond Guide in English on November 25, starting 19,00 hours, at the Grano – Italian Fine Food (40 Putul lui Zamfir St.).

The George Bacovia University in Bacău organizes a seminar on 'How to get a scholarship with Harvard' on November 26, from 12,00 hours, in the Aula Moldova hall of the George Bacovia University in Bacau, third floor, A wing. The event was initiated by the Romanian Member of the Parliament Tudor Chiuariu. The main guest of the event will be Alexandru Manaila, Harvard interviewer for Romania and Harvard College graduate, the class of 2007.

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.

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.

Calendar of events for the week November 22-25: conferences, exhibitions, workshops, press conferences.

*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

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.

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.