The negotiations between Romania and the International Monetary Fund, which currently runs a review mission in the country, may have reached a deadlock mainly because of the condition to change the consumer loans emergency ordinance 50, so the IMF visit to Romania could be extended, according to Mediafax newswire. Suspending the agreement with the IMF is not excluded at this point, according to the newswire which quotes sources familiar with the talks.

Calendar of events between November st and November 4th - business events, conferences, concerts, workshops,

The charitable association Ovidiu Rom has achieved its target of raising money to support 1,200 children in kindergarden at the Halloween Charity Ball organized on Saturday, October 30, at the Palace of the Parliament. The association raised money both from corporate sponsors and from individuals, which varied between EUR 50 and EUR 11,000.

The European Bank for Reconstruction and Development (EBRD) has approved a EUR 80 million syndicated financing package to Expur, a Romanian oilseed processing company. The EBRD financing will support Expur’s strategy to contribute to the development of the rape meal and biodiesel markets in Romania

An agency of Banca Transilvania situated in Timisoara was robbed Thursday night and EUR 16.000 was stolen from the bank’s safe, according to Mediafax newswire.

BCR, the largest Romanian bank by assets, controlled by the Austrian Erste Group, posted a net profit of RON 494.5 million (EUR 117.7 million) for the first nine months of this year, down by 29.3 percent on end-September 2009, according to BCR Group’s consolidated financial statements.

The European Bank for Reconstruction and Development (EBRD) Thursday revised upward its forecast for Romanian economy to minus 2 percent in 2010, from a contraction of 3 percent previously estimated, citing slightly improvements over recent months. In its latest economic outlook, the EBRD said Romania has managed to remain "on course" with its EUR 20 billion IMF-led program by implementing austerity measures that will keep the fiscal accounts under control.

*Franks, IMF: The Emergency Ordinance 50 is a must in order to get the next loan tranche – in Ziarul Financiar
*Carrefour found another EUR 60 million for local operations. Romanian retails start falling – in Ziarul Financiar
*Orange's revenues drop mainly on the prepay segment – in Ziarul Financiar
*The GP per capital will return to the 2008 level only in 2013 – in Ziarul Financiar
*Eximbank grows loans portfolio by 20% to EUR 118 million – in Ziarul Financiar
*100,000 Dacias with GPL – on Adevarul

FRIDAY, October 29

19,00 hours Debate workshop, at Diverta – Plaza Romania, 26 Timisoara Blvd.

20,00 hours Herbie...

Movies opening this week-end:

The Social Network (trailer below)

with Jesse Eisenberg, Justin Timberlake

On at...

The negotiations between Romania and the International Monetary Fund, which currently runs a review mission in the country, may have reached a deadlock mainly because of the condition to change the consumer loans emergency ordinance 50, so the IMF visit to Romania could be extended, according to Mediafax newswire. Suspending the agreement with the IMF is not excluded at this point, according to the newswire which quotes sources familiar with the talks.

Calendar of events between November st and November 4th - business events, conferences, concerts, workshops,

The charitable association Ovidiu Rom has achieved its target of raising money to support 1,200 children in kindergarden at the Halloween Charity Ball organized on Saturday, October 30, at the Palace of the Parliament. The association raised money both from corporate sponsors and from individuals, which varied between EUR 50 and EUR 11,000.

The European Bank for Reconstruction and Development (EBRD) has approved a EUR 80 million syndicated financing package to Expur, a Romanian oilseed processing company. The EBRD financing will support Expur’s strategy to contribute to the development of the rape meal and biodiesel markets in Romania

An agency of Banca Transilvania situated in Timisoara was robbed Thursday night and EUR 16.000 was stolen from the bank’s safe, according to Mediafax newswire.

BCR, the largest Romanian bank by assets, controlled by the Austrian Erste Group, posted a net profit of RON 494.5 million (EUR 117.7 million) for the first nine months of this year, down by 29.3 percent on end-September 2009, according to BCR Group’s consolidated financial statements.

The European Bank for Reconstruction and Development (EBRD) Thursday revised upward its forecast for Romanian economy to minus 2 percent in 2010, from a contraction of 3 percent previously estimated, citing slightly improvements over recent months. In its latest economic outlook, the EBRD said Romania has managed to remain "on course" with its EUR 20 billion IMF-led program by implementing austerity measures that will keep the fiscal accounts under control.

*Franks, IMF: The Emergency Ordinance 50 is a must in order to get the next loan tranche – in Ziarul Financiar
*Carrefour found another EUR 60 million for local operations. Romanian retails start falling – in Ziarul Financiar
*Orange's revenues drop mainly on the prepay segment – in Ziarul Financiar
*The GP per capital will return to the 2008 level only in 2013 – in Ziarul Financiar
*Eximbank grows loans portfolio by 20% to EUR 118 million – in Ziarul Financiar
*100,000 Dacias with GPL – on Adevarul

FRIDAY, October 29

19,00 hours Debate workshop, at Diverta – Plaza Romania, 26 Timisoara Blvd.

20,00 hours Herbie...

Movies opening this week-end:

The Social Network (trailer below)

with Jesse Eisenberg, Justin Timberlake

On at...