The Romanian car market registered the fifth largest decline in the European Union in the first ten months of 2010, down three places to the 17th spot, in terms of new car registrations, according to the Association of European Carmakers (ACEA).

The Credit Europe Bank shareholders have recently approved the appointment of Omer Tetik, the first vice-president of Credit Europe Romania Bank, as president and head of the Administration Council. Tetik replaces Murat Sabaz, who will stay in the bank’s board. Omer Tetik will start on the new job once the Romanian Central Bank (BNR) approves the management change.

The third Thursday of November is always the time when French people celebrate the Beaujolais Nouveau and drink the newly produced red wine of the year. This yearly celebration is best tasted in its home country, France, but the French community in Bucharest usually also organizes events to celebrate the Beaujolais Nouveau. This year, such an event will take place at the Ici et La restaurant (43 Mendeleev St.)

Romania had the highest annual inflation rate in the EU in October this year, of 7.9 percent, while the average in the EU was of 2.3 percent, and in the Euro zone, of 1.9 percent. The lowest level of inflation was recorded in Ireland, with minus 0.8 percent, Letonia, with 0.9 percent, Slovakia, with 1 percent. 15 EU member states saw their inflation up in October- Romania included.

Romania’s national power holdings Electra and Hidroenergetica might be set up by the end of the year, said Claudiu Stafie, state secretary within the Economy Ministry. "We hope the two power holdings will be established by the end of 2010," Stafie told the MEDIAFAX Talks about Energy conference.

Insurance company Generali posted a volume of gross subscribed premiums of EUR 78.4 million in the first nine months of the year, down 9 percent compared to the same period last year. The insurer saw however growth on its life insurance segment, with a growth of 6.4 percent.

Over 1,000 Volksbank Romania clients have asked the court for their bank loan installments to be discontinued while they are on trial hoping to eliminate the allegedly abusive clauses in their loan contracts. The first term for the collective trial has been set for November 7, next year, but the law firm representing the Volksbank clients, Piperea & Asociatii, is analyzing whether to request a sooner date for the trial.

Romanian-born writer Norman Manea (in picture), who lives in the United States, will attend the upcoming Gaudeamus book fair in Bucharest, which will take place at Romexpo between November 18 and 22. Manea will be one of the guests of honor of this year's edition, together with a group of foreign writers.

The 20th edition of the DaKINO International Film Festival, the very first film festival in Romania, will be running from November 22 to 27 in three cinema halls in Bucharest - Patria, Elvira Popescu and the New Cinema of the Romanian Director, within the Museum of the Romanian Peasant , as well as in other alternative venues.

Romania ranks 18th out of 30 countries listed in the World Bank Migration and Remittances Factbook 2011 (read the report below), with 2.8 million emigrants, close to Indonesia, with 2.5 million. The percentage of emigrants of the total population in Romania is of 13.2 percent. Romania is also among the top remittance-receiving countries, with an estimated USD 4.5 billion for this year, ranking 22nd out of 30 countries.

The Romanian car market registered the fifth largest decline in the European Union in the first ten months of 2010, down three places to the 17th spot, in terms of new car registrations, according to the Association of European Carmakers (ACEA).

The Credit Europe Bank shareholders have recently approved the appointment of Omer Tetik, the first vice-president of Credit Europe Romania Bank, as president and head of the Administration Council. Tetik replaces Murat Sabaz, who will stay in the bank’s board. Omer Tetik will start on the new job once the Romanian Central Bank (BNR) approves the management change.

The third Thursday of November is always the time when French people celebrate the Beaujolais Nouveau and drink the newly produced red wine of the year. This yearly celebration is best tasted in its home country, France, but the French community in Bucharest usually also organizes events to celebrate the Beaujolais Nouveau. This year, such an event will take place at the Ici et La restaurant (43 Mendeleev St.)

Romania had the highest annual inflation rate in the EU in October this year, of 7.9 percent, while the average in the EU was of 2.3 percent, and in the Euro zone, of 1.9 percent. The lowest level of inflation was recorded in Ireland, with minus 0.8 percent, Letonia, with 0.9 percent, Slovakia, with 1 percent. 15 EU member states saw their inflation up in October- Romania included.

Romania’s national power holdings Electra and Hidroenergetica might be set up by the end of the year, said Claudiu Stafie, state secretary within the Economy Ministry. "We hope the two power holdings will be established by the end of 2010," Stafie told the MEDIAFAX Talks about Energy conference.

Insurance company Generali posted a volume of gross subscribed premiums of EUR 78.4 million in the first nine months of the year, down 9 percent compared to the same period last year. The insurer saw however growth on its life insurance segment, with a growth of 6.4 percent.

Over 1,000 Volksbank Romania clients have asked the court for their bank loan installments to be discontinued while they are on trial hoping to eliminate the allegedly abusive clauses in their loan contracts. The first term for the collective trial has been set for November 7, next year, but the law firm representing the Volksbank clients, Piperea & Asociatii, is analyzing whether to request a sooner date for the trial.

Romanian-born writer Norman Manea (in picture), who lives in the United States, will attend the upcoming Gaudeamus book fair in Bucharest, which will take place at Romexpo between November 18 and 22. Manea will be one of the guests of honor of this year's edition, together with a group of foreign writers.

The 20th edition of the DaKINO International Film Festival, the very first film festival in Romania, will be running from November 22 to 27 in three cinema halls in Bucharest - Patria, Elvira Popescu and the New Cinema of the Romanian Director, within the Museum of the Romanian Peasant , as well as in other alternative venues.

Romania ranks 18th out of 30 countries listed in the World Bank Migration and Remittances Factbook 2011 (read the report below), with 2.8 million emigrants, close to Indonesia, with 2.5 million. The percentage of emigrants of the total population in Romania is of 13.2 percent. Romania is also among the top remittance-receiving countries, with an estimated USD 4.5 billion for this year, ranking 22nd out of 30 countries.