Romania – Factors to Watch on Oct 28

BUCHAREST, Oct 28 (BestGrowthStock) – Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Thursday.

ROMANIA GOVT SURVIVES AUSTERITY CONFIDENCE VOTE

Romania’s centrist coalition government survived a
no-confidence vote in parliament on Wednesday over its deep
spending cuts and tax increase, needed to maintain international
aid for its recession-hit economy.

[ID:nLDE69Q08A]

ROMANIA STILL STRUGGLING TO MEET IMF TERMS

Romania’s Prime Minister Emil Boc will still struggle to
keep the country’s IMF lifeline on track and maintain investor
confidence, even after surviving a no-confidence vote on
Wednesday.

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TAKE A LOOK-ROMANIA GOVERNMENT SURVIVES CONFIDENCE VOTE

[ID:nLDE69Q2KC]

IMF MISSION IN BUCHAREST

An IMF mission will be in Bucharest until Nov. 1 to review
Romania’s 20 billion euro aid deal.

GDP GROWTH

The IMF mission in Bucharest is considering a GDP growth
forecast of between -1 percent to 1 percent for 2011, sources
close to the talks said.

Ziarul Financiar, Page 1

IMF TALKS

A hike of the minimum wage to 700 lei together with cutting
social contributions and the flat tax would have a budget impact
of about 1 percent of the GDP, which is unacceptable, Romania’s
representative to the IMF Mihai Tanasescu.

The IMF mission in Bucharest met with the leaders of the
ruling coalition parties on Tuesday to discuss the possibility
to apply such measures.

The IMF does not agree with a hike of the minimum wage to
more than 650 lei from the present 600 lei.

Ziarul Financiar, Page 3

BANCA TRANSILVANIA JAN-SEPT NET UP 44 PCT Y/Y

Romania’s second-largest listed bank Banca Transilvania
(BATR.BX: ) posted an 44 percent rise in its net profit on
Wednesday, beating market expectations.

[ID:nBUC003798]

EDUCATION BILL

The centrist coalition government approved at the Wednesday
cabinet meeting the reform of the education system. The
opposition can only challenge it with a no-confidence motion in
the government.

TRANSELECTRICA

Romania’s state-owned power grid operator Transelectrica
(TSEL.BX: ) will have Stelian Gal as its new head, replacing
Adrian Baicusi.

Ziarul Financiar, Page 1

2011 BUDGET

The 2011 budget is built on a flat tax of 16 percent and VAT
of 24 percent, Finance Minister Gheorghe Ialomitianu said. He
also said the finance ministry did not discuss the flat tax with
the IMF mission.

Gandul, Page 5

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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($1=3.062 Lei)

Romania – Factors to Watch on Oct 28