Romania – Factors to Watch on April 20

BUCHAREST, April 20 (BestGrowthStock) – Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Tuesday.

PRESIDENT MEETS GOVERNMENT

Romanian President Traian Basescu is expected to meet
cabinet members to discuss spending cuts and pending reforms at
1100 GMT.

ROMANIA FULLY REOPENS AIRSPACE

Romania has fully reopened its airspace following a closure
due to the volcanic ash cloud that has been hanging over Europe,
the southeast European country’s deputy transport minister said
late on Monday.

[ID:nLDE63I24S]

IMF SEEN STARTING ROMANIA AID REVIEW APRIL 27

The International Monetary Fund will likely send a mission
to review Romania’s 20 billion euro aid package during from
April 27 to May 7, its regional representative Tonny Lybek said
on Monday.

[ID:nLDE63I0ST]

IBERDROLA WINS GRID GO-AHEAD FOR ROMANIAN WIND PLAN

Iberdrola Renovables (IBR.MC: ) said on Monday it has
permission to link up to 1.5 gigawatts of wind energy to
Romania’s power grid, allowing it to move forward with its
macro-wind project there.

[ID:nLDE63I15X]

PENSION REFORM BILL

Romanian Prime Minister Emil Boc is expected to attend
Senate debates on a key, IMF-mandated pension reform bill that
must be approved by the end of June.

Agerpres

* The head of independent senators, which support the
centrsit coalition government, said his group will vote against
cabinet amendments to cut special pensions for army employees
and other state sectors.

Evenimentul Zilei, Page 6

* Defence Minister Gabriel Oprea, who belongs to the group
of independent parliamentarians, also said on Monday he does not
agree with pension cuts for army employees.

Gandul, Page 2

TAXES

The national fiscal administration blocked up to 240,000
bank accounts in the first quarter, a third more than in the
same period of last year, due to contributors’ delays in paying
taxes.

Ziarul Financiar, Page 3

NO CONFIDENCE MOTION

The opposition Social Democrats and Liberals plan to file a
binding no confidence motion against the government in two weeks
on a topic yet to be chosen, they say. The cabinet is likely to
survive as it has support from a majority of parliament seats.

Evenimentul Zilei, Page 6

POWER CONSUMPTION

Electricity demand will rise by about 2-3 percent a year in
coming years, raising needs to build new generation units, said
the head of Romania’s top oil and gas firm Petrom (SNPP.BX: ).

Ziarul Financiar, Page 1

NOTE- For a diary of forthcoming Romanian events, double

click [RO/DIARY], and a calendar of east European economic
indicators, see [CONV/DIARY].

For other related news, double click on:
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Romania Market Debt [RO-DBT] Romanian forex [RO-FRX]
Romania Market Report [ROL/] Romanian money [RO-M]
Emerging Market Debt [EMRG/DBT] Emerging forex [EMRG/FRX]
All Emerging Markets news [EMRG] CEE indicators [CONV/DIARY]
All East Europe News [EEU] E.Europe equities [.CEE]
TOP NEWS — Emerging markets [TOP/EMRG]
TOP NEWS — Convergence watch [TOP/EAST]
Romanian indicators [RO/ECI]
Main page of Reuters poll (RO/POLL1: )
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Romania – Factors to Watch on April 20