The Romanian Transport Ministry will hold an auction at the end of November to award construction contracts for four highway sectors totaling 270 kilometers.

French group Lafarge, the largest cement producer in the world, posted an 18 percent drop in sales on the Romanian market in the first nine months of this year, according to its quarterly report.

ArcelorMittal Galati, the largest steel producer in Romania, will close for at least two months one of its two blast furnaces still active, according to company representatives quoted by Mediafax newswire. Also, all 9,300 of the company's employees will receive a 20-day mandatory holiday in the next three months.

The Romanian industrial output grew by 10.8 percent in the first nine months of the year, according to data from the Romanian Statistics Institute (INS). The manufacturing industry drove growth with 11.7 percent, compensating for the 7.3 percent drop in the mining industry.

Romanian capital city Bucharest will host a Danube Summit from November 8, an event that is expected to reconfirm in a final declaration the political support for the future EU's Danube Strategy. The event precedes the December summit meeting of the European Council, where the European Commission will unveil a draft action plan for the Danube Strategy, with a final version to be approved by the June 2011 summit meeting of the European Council.

Romanian poet Adrian Paunescu died of cardiac arrest, kidney and liver block this morning at the Floreasca Emergency Hospital, where he had been hospitalized on October 26. Paunescu, 67, started the Flacara literary circle during the communist period, in 1973, which became an influent literary and social movement especially among the youth of the time.

British rehab clinic Castle Craig Hospital, the largest hospital for the treatment of addictions in the UK is currently looking for a Romanian health care operator partners to open a rehab clinic in Romania, Rupert Wolfe Murray, the company's representative for Romania told Romania-Insider.com. “There is no proper rehab facility in Romania,” says Wolfe Murray.

Romanian drivers will be required to use winter tires between November 1 and March 31 every year, or pay a fine between RON 2,500 and 4,000 (around EUR 584-EUR 934), in addition to the damage done to the road if they have no insurance.

Romania ranks 44th after being included this year, for the first time, in a World Economic Forum chart of the 57 most developed financial markets worldwide. Romania received a score of 3.05 on a one-to-seven scale. Romania is immediately outranked by Turkey (42) and Mexico (43), but outranks Hungary (45) and Vietnam (46).

*BNR Governor Isarescu: Economic comeback only after state layoffs – in Ziarul Financiar
*Romania, second highest number of corporate tax payments in the world – in Ziarul Financiar
*Drop in consumption affects the telecom market – in Ziarul Financiar
*After avoiding bankruptcy, Ves Sighisoara can't keep up with orders – in Ziarul Financiar
*Cosmote grows, Romtelecom reaps the benefits of launching NextGen – in Ziarul Financiar

The Romanian Transport Ministry will hold an auction at the end of November to award construction contracts for four highway sectors totaling 270 kilometers.

French group Lafarge, the largest cement producer in the world, posted an 18 percent drop in sales on the Romanian market in the first nine months of this year, according to its quarterly report.

ArcelorMittal Galati, the largest steel producer in Romania, will close for at least two months one of its two blast furnaces still active, according to company representatives quoted by Mediafax newswire. Also, all 9,300 of the company's employees will receive a 20-day mandatory holiday in the next three months.

The Romanian industrial output grew by 10.8 percent in the first nine months of the year, according to data from the Romanian Statistics Institute (INS). The manufacturing industry drove growth with 11.7 percent, compensating for the 7.3 percent drop in the mining industry.

Romanian capital city Bucharest will host a Danube Summit from November 8, an event that is expected to reconfirm in a final declaration the political support for the future EU's Danube Strategy. The event precedes the December summit meeting of the European Council, where the European Commission will unveil a draft action plan for the Danube Strategy, with a final version to be approved by the June 2011 summit meeting of the European Council.

Romanian poet Adrian Paunescu died of cardiac arrest, kidney and liver block this morning at the Floreasca Emergency Hospital, where he had been hospitalized on October 26. Paunescu, 67, started the Flacara literary circle during the communist period, in 1973, which became an influent literary and social movement especially among the youth of the time.

British rehab clinic Castle Craig Hospital, the largest hospital for the treatment of addictions in the UK is currently looking for a Romanian health care operator partners to open a rehab clinic in Romania, Rupert Wolfe Murray, the company's representative for Romania told Romania-Insider.com. “There is no proper rehab facility in Romania,” says Wolfe Murray.

Romanian drivers will be required to use winter tires between November 1 and March 31 every year, or pay a fine between RON 2,500 and 4,000 (around EUR 584-EUR 934), in addition to the damage done to the road if they have no insurance.

Romania ranks 44th after being included this year, for the first time, in a World Economic Forum chart of the 57 most developed financial markets worldwide. Romania received a score of 3.05 on a one-to-seven scale. Romania is immediately outranked by Turkey (42) and Mexico (43), but outranks Hungary (45) and Vietnam (46).

*BNR Governor Isarescu: Economic comeback only after state layoffs – in Ziarul Financiar
*Romania, second highest number of corporate tax payments in the world – in Ziarul Financiar
*Drop in consumption affects the telecom market – in Ziarul Financiar
*After avoiding bankruptcy, Ves Sighisoara can't keep up with orders – in Ziarul Financiar
*Cosmote grows, Romtelecom reaps the benefits of launching NextGen – in Ziarul Financiar