Romania – Factors to Watch on August 24

BUCHAREST, Aug 24 (BestGrowthStock) – Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Tuesday.

PARLIAMENT

The senate starts extraordinary session to discuss
amendments to a law regulating the functioning of a Romanian
anti-corruption agency, backed by the European Union.

The agency’s powers have been watered down by parliament.

The senate could also start debates on VAT hike, at the
initiative of the opposition Social Democrats.

VAT

The budget and finance committee of the upper house rejected
a 5 percentage point VAT hike decided by the government at the
end of June.

Gandul, page 5

ROMANIA STICKS TO 7 PCT YIELD ON 6-MO T-BILLS

Romania sold slightly more than planned in six-month
treasury bills at the finance ministry’s self-imposed yield cap
of 7 percent on Monday, but analysts said short-term paper would
only boost funding needs.

[ID:nLDE67M17C]

RETAIL

The Romanian unit of Swedish furniture retailer IKEA
[IKEA.UL] is in talks to buy land in Bucharest and also in other
parts of the country to open new stores, IKEA local retail
manager said.

Ziarul Financiar, Page 1

NUCLEARELECTRICA

Romania’s state-owned nuclear power plant operator
Nuclearelectrica recorded losses of 192.2 million lei in the
first six months of the year, compared to a profit of 108.6
million lei in the same period of last year.

The company says the losses incurred mainly because of leu
depreciation.

Ziarul Financiar, Page 8

RAILWAY LAYOFFS

The transport ministry plans to sack 7,100 to 8,300
employees of the Romanian state-owned railway company.

Ziarul Financiar, Page 8

UNIONS

Policemen plan to stage a strike against possible layoffs in
the sector.

Gandul, Page 4

HOSPITAL EXPLOSION

A nurse that was on duty in the hospital room where the
explosion that caused five deaths of newborn babies last week
was arrested on Monday for alleged murder.

Evenimentul Zilei, Page 2

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 August 24