Matrix elements and Parton Shower in the event generator BABAYAGA

A new version of the event generator BABAYAGA is presented, which is based on an original matching of the Parton Shower approach with the complete exact O(alpha) matrix element for the inclusion of the QED radiative corrections to the Bhabha process at flavour factories. The theoretical accuracy of the improved generator is conservatively estimated to be 0.2%, by comparison with independent calculations. The generator is a useful tool for precise luminosity determination at flavour factories, for center of mass energies below 10 GeV.