The Romanian car market registered the fifth largest decline in the European Union in the first ten months of 2010, down three places to the 17th spot, in terms of new car registrations, according to the Association of European Carmakers (ACEA).

The Credit Europe Bank shareholders have recently approved the appointment of Omer Tetik, the first vice-president of Credit Europe Romania Bank, as president and head of the Administration Council. Tetik replaces Murat Sabaz, who will stay in the bank’s board. Omer Tetik will start on the new job once the Romanian Central Bank (BNR) approves the management change.

The third Thursday of November is always the time when French people celebrate the Beaujolais Nouveau and drink the newly produced red wine of the year. This yearly celebration is best tasted in its home country, France, but the French community in Bucharest usually also organizes events to celebrate the Beaujolais Nouveau. This year, such an event will take place at the Ici et La restaurant (43 Mendeleev St.)

Romania had the highest annual inflation rate in the EU in October this year, of 7.9 percent, while the average in the EU was of 2.3 percent, and in the Euro zone, of 1.9 percent. The lowest level of inflation was recorded in Ireland, with minus 0.8 percent, Letonia, with 0.9 percent, Slovakia, with 1 percent. 15 EU member states saw their inflation up in October- Romania included.

Insurance company Generali posted a volume of gross subscribed premiums of EUR 78.4 million in the first nine months of the year, down 9 percent compared to the same period last year. The insurer saw however growth on its life insurance segment, with a growth of 6.4 percent.

Romanian-born writer Norman Manea (in picture), who lives in the United States, will attend the upcoming Gaudeamus book fair in Bucharest, which will take place at Romexpo between November 18 and 22. Manea will be one of the guests of honor of this year's edition, together with a group of foreign writers.

The 20th edition of the DaKINO International Film Festival, the very first film festival in Romania, will be running from November 22 to 27 in three cinema halls in Bucharest - Patria, Elvira Popescu and the New Cinema of the Romanian Director, within the Museum of the Romanian Peasant , as well as in other alternative venues.

Romania ranks 18th out of 30 countries listed in the World Bank Migration and Remittances Factbook 2011 (read the report below), with 2.8 million emigrants, close to Indonesia, with 2.5 million. The percentage of emigrants of the total population in Romania is of 13.2 percent. Romania is also among the top remittance-receiving countries, with an estimated USD 4.5 billion for this year, ranking 22nd out of 30 countries.

*Economic growth for 2011 is better seen after the third quarter results – in Ziarul Financiar
*Loans for individuals, the hope of banks for the fourth quarter – in Ziarul Financiar
*Mihai Rohan leaves Carpatcement – in Ziarul Financiar
*The crucial test for Schengen area: the airport check – in Ziarul Financiar
*Unhappy Volksbank customers asking bank to discontinue installments – in Ziarul Financiar

The European Bank for Reconstruction and Development (EBRD) has offered a EUR 10 million credit line to BRD Societe Generale to finance energy efficiency projects in Romania, the bank has announced. The loan is supplementing a similar EUR 10 million credit line offered by the EBRD to BRD in 2008.

The Romanian car market registered the fifth largest decline in the European Union in the first ten months of 2010, down three places to the 17th spot, in terms of new car registrations, according to the Association of European Carmakers (ACEA).

The Credit Europe Bank shareholders have recently approved the appointment of Omer Tetik, the first vice-president of Credit Europe Romania Bank, as president and head of the Administration Council. Tetik replaces Murat Sabaz, who will stay in the bank’s board. Omer Tetik will start on the new job once the Romanian Central Bank (BNR) approves the management change.

The third Thursday of November is always the time when French people celebrate the Beaujolais Nouveau and drink the newly produced red wine of the year. This yearly celebration is best tasted in its home country, France, but the French community in Bucharest usually also organizes events to celebrate the Beaujolais Nouveau. This year, such an event will take place at the Ici et La restaurant (43 Mendeleev St.)

Romania had the highest annual inflation rate in the EU in October this year, of 7.9 percent, while the average in the EU was of 2.3 percent, and in the Euro zone, of 1.9 percent. The lowest level of inflation was recorded in Ireland, with minus 0.8 percent, Letonia, with 0.9 percent, Slovakia, with 1 percent. 15 EU member states saw their inflation up in October- Romania included.

Insurance company Generali posted a volume of gross subscribed premiums of EUR 78.4 million in the first nine months of the year, down 9 percent compared to the same period last year. The insurer saw however growth on its life insurance segment, with a growth of 6.4 percent.

Romanian-born writer Norman Manea (in picture), who lives in the United States, will attend the upcoming Gaudeamus book fair in Bucharest, which will take place at Romexpo between November 18 and 22. Manea will be one of the guests of honor of this year's edition, together with a group of foreign writers.

The 20th edition of the DaKINO International Film Festival, the very first film festival in Romania, will be running from November 22 to 27 in three cinema halls in Bucharest - Patria, Elvira Popescu and the New Cinema of the Romanian Director, within the Museum of the Romanian Peasant , as well as in other alternative venues.

Romania ranks 18th out of 30 countries listed in the World Bank Migration and Remittances Factbook 2011 (read the report below), with 2.8 million emigrants, close to Indonesia, with 2.5 million. The percentage of emigrants of the total population in Romania is of 13.2 percent. Romania is also among the top remittance-receiving countries, with an estimated USD 4.5 billion for this year, ranking 22nd out of 30 countries.

*Economic growth for 2011 is better seen after the third quarter results – in Ziarul Financiar
*Loans for individuals, the hope of banks for the fourth quarter – in Ziarul Financiar
*Mihai Rohan leaves Carpatcement – in Ziarul Financiar
*The crucial test for Schengen area: the airport check – in Ziarul Financiar
*Unhappy Volksbank customers asking bank to discontinue installments – in Ziarul Financiar

The European Bank for Reconstruction and Development (EBRD) has offered a EUR 10 million credit line to BRD Societe Generale to finance energy efficiency projects in Romania, the bank has announced. The loan is supplementing a similar EUR 10 million credit line offered by the EBRD to BRD in 2008.