Six consortia have been pre-selected for the construction of the Drumul Taberei – Hasdeu metro line and four of them submitted final offers. The winning consortium will be chosen in the first part of 2011, according to Bucharest metro company Metrorex

Insurer Allianz- Tiriac posted a volume of EUR 175 million gross subscribed premiums in Romania for the first nine months of the year, which was down 17.8 percent on the same period last year.

Half of the lenders in Romania posted a profit in the first three quarters of this year but the banking system recorded an overall loss of EUR 110 million, according to Florin Georgescu, first deputy governor of the Romanian Central Bank (BNR), quoted by Agerpres newswire.

UniCredit Ţiriac Bank posted a net profit of EUR 52 million in the first nine months of the year, down 15 percent on the same period last year. The bank's revenues were however up 15 percent, to around EUR 239 million, while its expenses grew by only 1 percent.

Oil and gas company OMV Petrom posted a net loss of EUR 23.3 million in the third quarter of the year. However, the company managed to post a profit of EUR 332 million for the first nine months of the year, which was up 44 percent compared to the same period of last year.

*Record unemployment among University graduates: 53,000 graduates can't find jobs – in Ziarul Financiar
*How does Microsoft Romania keep its employees: salaries above average, premium cars and subscriptions to massage sessions – in Ziarul Financiar
*Nestor: Lawyers' fees have dropped by 40%. From the gray area there are kamikaze offers which make it hard to compete – in Ziarul Financiar
*Vodafone revenues down 12% to EUR 425 million, due to recession and drop in tarriffs – in Ziarul Financiar
*Smaller damages made room for EUR 26 million profit for VIG – in Ziarul Financiar

Faced with the current international financial crisis, most companies have given up on their human resources development programs. But the alternative of using European Union funding could allow companies to train their staff or develop HR programs, as Romania has access to a large amount of European funding dedicated to human resources. Romania-Insider.com looks at funds for HR and at the companies that got them.

Vega Company has bought the tourist complex Faleza near the Danube quay in Galati city for EUR 2.6 million, the Tourism Ministry has announced. Five bidders attended the bid for the 3,500 sqm hotel complex on the Galati Danube quay. The starting price was of EUR 1.1 million

Multinational company CA Technologies has opened a representative office in Bucharest, according to Madalin Bratu, channel account manager for Romania with CA Technologies, quoted by Agerpres newswire.

The Romanian Transport Ministry has proposed seven projects, worth almost EUR 440 million, to improve ship transport on the Danube. Funding for these projects, which are part of the Danube Strategy, should come from European Union operational programs.

Six consortia have been pre-selected for the construction of the Drumul Taberei – Hasdeu metro line and four of them submitted final offers. The winning consortium will be chosen in the first part of 2011, according to Bucharest metro company Metrorex

Insurer Allianz- Tiriac posted a volume of EUR 175 million gross subscribed premiums in Romania for the first nine months of the year, which was down 17.8 percent on the same period last year.

Half of the lenders in Romania posted a profit in the first three quarters of this year but the banking system recorded an overall loss of EUR 110 million, according to Florin Georgescu, first deputy governor of the Romanian Central Bank (BNR), quoted by Agerpres newswire.

UniCredit Ţiriac Bank posted a net profit of EUR 52 million in the first nine months of the year, down 15 percent on the same period last year. The bank's revenues were however up 15 percent, to around EUR 239 million, while its expenses grew by only 1 percent.

Oil and gas company OMV Petrom posted a net loss of EUR 23.3 million in the third quarter of the year. However, the company managed to post a profit of EUR 332 million for the first nine months of the year, which was up 44 percent compared to the same period of last year.

*Record unemployment among University graduates: 53,000 graduates can't find jobs – in Ziarul Financiar
*How does Microsoft Romania keep its employees: salaries above average, premium cars and subscriptions to massage sessions – in Ziarul Financiar
*Nestor: Lawyers' fees have dropped by 40%. From the gray area there are kamikaze offers which make it hard to compete – in Ziarul Financiar
*Vodafone revenues down 12% to EUR 425 million, due to recession and drop in tarriffs – in Ziarul Financiar
*Smaller damages made room for EUR 26 million profit for VIG – in Ziarul Financiar

Faced with the current international financial crisis, most companies have given up on their human resources development programs. But the alternative of using European Union funding could allow companies to train their staff or develop HR programs, as Romania has access to a large amount of European funding dedicated to human resources. Romania-Insider.com looks at funds for HR and at the companies that got them.

Vega Company has bought the tourist complex Faleza near the Danube quay in Galati city for EUR 2.6 million, the Tourism Ministry has announced. Five bidders attended the bid for the 3,500 sqm hotel complex on the Galati Danube quay. The starting price was of EUR 1.1 million

Multinational company CA Technologies has opened a representative office in Bucharest, according to Madalin Bratu, channel account manager for Romania with CA Technologies, quoted by Agerpres newswire.

The Romanian Transport Ministry has proposed seven projects, worth almost EUR 440 million, to improve ship transport on the Danube. Funding for these projects, which are part of the Danube Strategy, should come from European Union operational programs.