Romania's current account deficit widened by 30.3 percent to EUR 4.94 billion in the first ten months, from a gap of EUR 3.79 billion a year before, largely due to the lower current transfers surplus, according to data from the Romanian Central Bank (BNR).

Romania has reached the bottom of the crisis, two years down the road, and the 2011 perspectives are positive, according to a recent UniCredit report, CEE Quarterly. The bank's analysts expect Romania's GDP to grow by 1.7 percent next year, after an expected 2.5 percent drop this year and a recorded drop of 7.1 percent in 2009

Real estate projects worth around EUR 500 million are expected to go bankrupt in 2011, according to Coldwell Banker Affiliates of Romania. The volume of projects which will end up bankrupt will thus double on this year's, according to Valentin Ilie, CEO Coldwell Banker Affiliates of Romania.

German do-it-yourself retailer Hornbach, which has opened its fourth store in Romania on the former Prisma location near Bucharest, plans to further invest EUR 30 million in the fourth store of the chain in the capital city.

*New highway segment out for bid between Lugoj and Deva: EUR 260 million for 27 km of roads – in Ziarul Financiar
*Vienna trams will have body carriages made in Romania – in Ziarul Financiar
*Lindab expects EUR 25 million in sales for next year, similarly to 2009 – in Ziarul Financiar
*Hornbach expects EUR 93 million from the new Prisma store in 2011 – in Ziarul Financiar

*Raiffeisen sells EUR 30 million of retail loans every month, same as in 2009 – in Ziarul Financiar
*120 Romanians pay between EUR 30,000 and EUR 50,000 a year to send their children to foreign private highschools – in Ziarul Financiar
*Exports reach peak in October, at EUR 3.52 billion – in Ziarul Financiar
*Tiriac invests EUR 14 million in expanding the auto network – in Ziarul Financiar

British retailer Tesco is close to making an acquisition and thus entering the Romanian market, according to Romanian media. The British retailer is currently negotiating to take over hypermarket operator Real Hypermarket Romania, according to Ziarul Financiar.

Austrian crystal producer Swarovski has taken into account producing in Romania, at Cluj, according to Romanian newspaper Adevarul, quoting market sources.

*Gold sparkles for Romanians, with 40 percent yields a year – in Ziarul Financiar
*150 MPs stay in Centre Ville apartments, where prices start at EUR 2,200 a month – in Ziarul Financiar
*Low-cost flights to move from Baneasa – in Ziarul Financiar
*Carrefour enters Botosani, a city avoided by large retailers – in Ziarul Financiar

French retailer Carrefour will open two new hypermarkets in 2011, one in Bucharest, within the Colosseum shopping center in North West of the city and one in Botosani. For this year, three more supermarket openings are expected for Carrefour.

Romania's current account deficit widened by 30.3 percent to EUR 4.94 billion in the first ten months, from a gap of EUR 3.79 billion a year before, largely due to the lower current transfers surplus, according to data from the Romanian Central Bank (BNR).

Romania has reached the bottom of the crisis, two years down the road, and the 2011 perspectives are positive, according to a recent UniCredit report, CEE Quarterly. The bank's analysts expect Romania's GDP to grow by 1.7 percent next year, after an expected 2.5 percent drop this year and a recorded drop of 7.1 percent in 2009

Real estate projects worth around EUR 500 million are expected to go bankrupt in 2011, according to Coldwell Banker Affiliates of Romania. The volume of projects which will end up bankrupt will thus double on this year's, according to Valentin Ilie, CEO Coldwell Banker Affiliates of Romania.

German do-it-yourself retailer Hornbach, which has opened its fourth store in Romania on the former Prisma location near Bucharest, plans to further invest EUR 30 million in the fourth store of the chain in the capital city.

*New highway segment out for bid between Lugoj and Deva: EUR 260 million for 27 km of roads – in Ziarul Financiar
*Vienna trams will have body carriages made in Romania – in Ziarul Financiar
*Lindab expects EUR 25 million in sales for next year, similarly to 2009 – in Ziarul Financiar
*Hornbach expects EUR 93 million from the new Prisma store in 2011 – in Ziarul Financiar

*Raiffeisen sells EUR 30 million of retail loans every month, same as in 2009 – in Ziarul Financiar
*120 Romanians pay between EUR 30,000 and EUR 50,000 a year to send their children to foreign private highschools – in Ziarul Financiar
*Exports reach peak in October, at EUR 3.52 billion – in Ziarul Financiar
*Tiriac invests EUR 14 million in expanding the auto network – in Ziarul Financiar

British retailer Tesco is close to making an acquisition and thus entering the Romanian market, according to Romanian media. The British retailer is currently negotiating to take over hypermarket operator Real Hypermarket Romania, according to Ziarul Financiar.

Austrian crystal producer Swarovski has taken into account producing in Romania, at Cluj, according to Romanian newspaper Adevarul, quoting market sources.

*Gold sparkles for Romanians, with 40 percent yields a year – in Ziarul Financiar
*150 MPs stay in Centre Ville apartments, where prices start at EUR 2,200 a month – in Ziarul Financiar
*Low-cost flights to move from Baneasa – in Ziarul Financiar
*Carrefour enters Botosani, a city avoided by large retailers – in Ziarul Financiar

French retailer Carrefour will open two new hypermarkets in 2011, one in Bucharest, within the Colosseum shopping center in North West of the city and one in Botosani. For this year, three more supermarket openings are expected for Carrefour.