Romania – Factors to Watch on May 31

BUCHAREST, May 31 (BestGrowthStock) – Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Monday.


Romanian teachers and a part of civil servants launched on
Monday an indefinite pay strike over government plans to
drastically cut wages in 2010.

Other 60 percent of Romania’s 160,000 civil servants and
about half of the 250,000 health employees are also expected to
back this strike through a one-day “solidarity strike”.


Finance Minister Sebastian Vladescu and Labour Minister
Mihai Seitan are expected to attend a seminar on work taxation
at 0800 GMT.


Romania’s budget deficit widened by almost 4 billion lei
last month to 12.1 billion lei ($3.57 billion) in January-April,
or 2.2 percent of the gross domestic product, the finance
ministry said on Friday.



The government will send to parliament on Monday its
IMF-mandated cost cutting measures needed to slash the budget
deficit to 6.8 percent of gross domestic product.


The gross domestic product could contract by 0.5 percent to
510.4 billion lei in 2010, according to data from the National
Forecasting Commission.

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:
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: )


Romania – Factors to Watch on May 31