Romania – Factors to Watch on Oct 15

BUCHAREST, Oct 15 (BestGrowthStock) – Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Friday.

PROTESTS

Unions will protest each Friday against the government’s
austerity measures in front of the ruling Democrat Liberal
Party’s regional and county headquarters across Romania.

ROMANIAN FINANCE MINISTRY WORKERS PROTEST PAY CUTS

Thousands of Romanian finance ministry workers have stopped
work to protest against bonus cuts, a sign of growing popular
opposition to the government’s IMF-mandated austerity drive.

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* The protest ended on Thursday afternoon after Finance
Minister Ialomitianu promised some performance-based bonuses for
employees for the last two months. Gandul, Page 3

** The finance ministry staff protest could extend to other
ministries.

NO CONFIDENCE MOTION

The no-confidence motion the opposition plans to file
against the government could be voted by six Democrat-Liberal
parliament members that plan to leave the party.

Democrat-Liberal senator Gabriel Mutu resigned from the
party on Thursday and joined the opposition Social Democrat
Party. Romania Libera, Page 3

GAS

Romania has stored enough gas supply to last it during the
winter, the economy ministry said in a statement.

* Romania launched on Thursday a gas pipeline that connects
it to neighbouring Hungary, allowing it to import gas from other
sources than Russia.

IMF TALKS

The cabinet may ask the IMF to allow it to cut the flat tax
to 12 percent from 16 percent, hike minimum wage to 720 lei and
reduce taxes to the social insurance budget to 41 percent from
the present 43.6 percent, sources close to negotiations said.

An IMF mission will be in Bucharest to review Romania’s 20
billion euros aid-deal from Oct. 20 to the beginning of
November. Jurnalul National, Page 9

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 Oct 15