Romania – Factors to Watch on Dec 14

BUCHAREST, Dec 14 (BestGrowthStock) – Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Tuesday.

CURRENT ACCOUNT

Romania’s central bank is expected to release January-
October current account data.

SINGLE WAGE BILL

The centrist coalition government will go in front of
parliament to ask for a confidence vote on the public sector
wage legislation, an IMF-mandated reform.

ROMANIAN MPS CONFIDENT OF PASSING IMF-BACKED BUDGET

Romania’s ruling Democrat- Liberal party commands enough
votes in parliament to pass a 2011 austerity budget next week, a
key requirement of a 20 billion euro IMF-led bailout, senior
lawmakers said on Monday.

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ROMANIA SELLS MORE DEBT THAN PLANNED, YIELDS FALL

Romania sold far more one-year debt than planned at auction
on Monday, getting a vote of confidence from foreign investors
as average yields fell to match a cost cap the government
imposed earlier this year.

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TRANSELECTRICA

Romanian state-owned hydro-power producer Hidroelectrica
signed a 50 million euro loan deal with BCR, owned by Austria’s
Erste Bank (ERST.VI: ), its acting CEO Mihai David said. The money
will be used for technical upgrades at its Olt, Lotru and
Portile de Fier 2 plants.

The company estimates a gross profit of 110 million euros in
2010, up from the 15 million euros last year.

Ziarul Financiar, Page 2

NUCLEAR REACTORS

Romania plans to reduce its 51 percent share in
EnergoNuclear, a joint venture that will build two more nuclear
reactors at the country’s sole nuclear power plant.

Economy Minister Ion Ariton said he has a mandate from the
government to start negotiations to lower Romania’s stake in
this company.

Ziarul Financiar, Page 2

SOCIAL CONTRIBUTIONS

The government will consider cutting social contributions in
the second half of 2011, if the economy grows in the first six
months of next year and if revenue collection improves, said
Andreea Paul Vass, adviser to Prime Minister Emil Boc.

Evenimentul Zilei, Page 6

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 Dec 14