Romania – Factors to Watch on Nov 3

BUCHAREST, Nov 3 (BestGrowthStock) – Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Wednesday.

GOVERNMENT MEETING

The centrist coalition government holds weekly government
meeting at 1200 GMT. No agenda available yet.

PROTESTS

Trade union leaders called on all public sector employees to
stop working for four hours on Wednesday as a protest against
the government’s austerity measures.

Union leaders also said they are preparing a general strike
in the public sector.

Agerpres

ROMANIA HOLDS RATES, FISCAL MOVES DENT HOPES OF CUT

* Romania’s central bank held interest rates on Tuesday,
suggesting political uncertainties and price pressures linked to
a tax hike meant growth-boosting rate cuts might be further away
than some analysts had expected.

[ID:nLDE6A11W5]

* As long as inflation remains high, the central bank cannot
afford to cut interest rates, said Adrian Vasilescu, an adviser
to the central bank governor.

Ziarul Financiar, Page 3

ROMANIA PRESIDENT SENDS TAX BILLS BACK TO PARLIAMENT

Romania’s President on Tuesday rejected bills cutting value
added tax for basic foods and scrapping tax on small pensions,
which analysts say might have complicated talks on an
international loan package.

[ID:nBUC003808]

ROMANIAN OPPOSITION WIDENS LEAD OVER GOVT – POLL

Romania’s leftist opposition widened its lead over the main
ruling party in a poll released on Tuesday as austerity measures
to comply with the terms of an international bailout eroded
support for the government.

[ID:nLDE6A10ON]

ROMANIA SEPT PPI UP 7.9 PCT Y/Y, 1.4 PCT M/M

Romanian industrial producer prices (ROPPIY=ECI: ) rose 7.9
percent on the year in September and were up 1.4 percent from
the previous month, data from the National Statistics Board
showed on Tuesday.

[ID:nBCR000090]

TOURISM

Romania’s tourism ministry will promote Romania in Facebook
in order to attract more foreign tourists in Romania.

Ziarul Financiar, Page 2

E.ON

E.ON Gaz Romania and E.ON Moldova Furnizare will merge into
one company that supplies gas and power, the companies’
shareholders decided on Tuesday.

The new company will be named E.ON Energie and the Romanian
unit of German utility E.ON (EONGn.DE: ) will have a share of 51
percent, while the rest will be divided between the economy
ministry, Romanian state-owned power distributor Electrica and
investment fund Fondul Proprietatea.

Ziarul Financiar, Page 15

WAGE HIKES

The minimum wage and wages in the public sector will be
hiked in 2011, said Andreea Vass, the prime minister’s economic
adviser. She also said the single wage bill will be applied as
of Jan. 2011, after the government will ask for a confidence
vote on the law.

Gandul, Page 4

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: )
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($1=3.062 Lei)

Romania – Factors to Watch on Nov 3