Romania – Factors to Watch on April 23

BUCHAREST, April 23 (BestGrowthStock) – Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Friday.

ROMANIA MAY SEEK MORE IMF LEEWAY ON BUDGET DEFICIT

Romania will probably ask the International Monetary Fund to
accept a wider year-end target for its budget deficit, though it
likely stayed within limits in the first quarter, the country’s
IMF representative said.

[ID:nLDE63L0UD]

EUROPEAN COMMISSIONER IN ROMANIA

European Agriculture Commissioner Dacian Ciolos is on a
two-day visit in Romania (until April 23). He is expected to
hold a news conference at 0800 GMT and meet Romanian officials.

PRIME MINISTER

Prime Minister Emil Boc is expected to visit the Dacia car
factory, controlled by France’s Renault (RENA.PA: ).

ROMANIAN TEACHERS STRIKE OVER IMF-DRIVEN PAY CUTS

Romanian teachers staged a one-day general strike on
Thursday to protest over pay cuts and mass layoffs in the public
sector needed to keep spending within terms of an IMF-led rescue
deal.

[ID:nLDE63L0S8]

SOUTH STREAM GAS PIPELINE TO PASS THROUGH ROMANIA

Romania will take part in the Russian-backed South Stream
pipeline project, expected to pass through the European Union
state’s territory, Economy Minister Adriean Videanu was quoted
as saying on Thursday.

[ID:nLDE63L1O4]

INVESTORS FLOCK TO ROMANIA, HUNGARY BONDS

Investors flocked to Hungarian and Romanian debt tenders on
Thursday, dragging down yields for the two IMF borrowers and
helping them buck rising borrowing costs in the euro zone
periphery.

[ID:nLDE63L1PC]

MECHEL BUYS ROMANIA STEEL PLANT FOR 9.4 MLN EUR

Russian steel and coking coal producer Mechel (MTL.N: ) said
on Thursday it agreed to acquire Romanian steel plant Laminorul
for 9.4 million euros ($12.64 million) in order to expand its
activities in eastern Europe.

[ID:nLDE63L1QB]

TOBACCO SALES

Philip Morris Romania recorded a drop in cigarettes sales of
72 percent on the year in the first quarter.

Ziarul Financiar, Page 16

SPECIAL PENSIONS

Only pensions of former army employees that are over 3,000
lei ($965.6) will be cut through the pensions reform bill, the
prime minister, defence minister and labour minister decided,
according to sources. This means about 88 percent of former army
employees will not have their pensions cut.

Evenimentul Zilei, Page 8

BANK COMMISSION

The government plans to introduce a law to scrap commissions
for early refund of a bank loan, Prime Minister Emil Boc said on
Thursday.

Evenimentul Zilei, Page 14

ECONOMY MINISTRY

The minority stakes the state owns aand plans to sell from
various companies could be worth about 1 billion euros, deputy
economy minister Tudor Serban was paraphrased as saying.

Adevarul, Page 44

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:
—————————————————————
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: )

Stock Market

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($1=2.928 Lei)

Romania – Factors to Watch on April 23