*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.

*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

Ursus Breweries will close down one of its oldest production centers in Romania, the 130-year old Cluj – Napoca factory, which employs 161 people, the company has announced. The factory had the highest operating cost of all Ursus' production units in Romania and was located downtown, which made it harder to run logistically wise.

Hewlett Packard (HP) Romania plans to hire 600 people in 2011 for its Bucharest-based services center Global eBusiness Operations (GeBOC), which is similar to the number of people the company hired in 2010, GeBOC general manager Alexander Weigl has said.

German drug producer Boehringer Ingelheim expects the Romanian subsidiary to grow its sales by 14.6 percent this year, to around EUR 23.3 million, according to the company's general manager in Romania, Franz Zinsberger.

Romania and the International Monetary Fund have agreed on a budget deficit target of 1.3 billion for the first quarter of next year, one third lower compared to the same period of 2010.

Valvis Holding, a company owned by serial investor Jean Valvis, has invested EUR 12.5 million in technologies for the new mineral water brand Aqua Carpatica and expects it to reach a market share of 10 percent in the next two years

The value of payments using foreign-issued cards to Romanian traders climbed to a record EUR 94 million, 25 percent above the previous quarter's level.

*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.

*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

Ursus Breweries will close down one of its oldest production centers in Romania, the 130-year old Cluj – Napoca factory, which employs 161 people, the company has announced. The factory had the highest operating cost of all Ursus' production units in Romania and was located downtown, which made it harder to run logistically wise.

Hewlett Packard (HP) Romania plans to hire 600 people in 2011 for its Bucharest-based services center Global eBusiness Operations (GeBOC), which is similar to the number of people the company hired in 2010, GeBOC general manager Alexander Weigl has said.

German drug producer Boehringer Ingelheim expects the Romanian subsidiary to grow its sales by 14.6 percent this year, to around EUR 23.3 million, according to the company's general manager in Romania, Franz Zinsberger.

Romania and the International Monetary Fund have agreed on a budget deficit target of 1.3 billion for the first quarter of next year, one third lower compared to the same period of 2010.

Valvis Holding, a company owned by serial investor Jean Valvis, has invested EUR 12.5 million in technologies for the new mineral water brand Aqua Carpatica and expects it to reach a market share of 10 percent in the next two years

The value of payments using foreign-issued cards to Romanian traders climbed to a record EUR 94 million, 25 percent above the previous quarter's level.