Romania - Factors to Watch on Nov 3

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

IMF MISSION VISIT

An IMF mission is in Bucharest to review Romania's progress in meeting conditions of a 20 billion euros aid package.

The team of experts is expected to meet trade unions representatives.

PRODUCER PRICES DATA

The National Statistics Board will release producer prices data for September at 0800 GMT.

ROMANIAN AID HINGES ON PROMPT BUDGET APPROVAL-IMF

Romania's approval of a 2010 budget by Dec. 10 is essential for Bucharest to receive quickly a third tranche of aid from the International Monetary Fund, a representative of the Fund told Reuters on Monday.

[ID:nL2364711]

ROMANIA END-OCT FX RESERVES EDGE UP TO 28.4 BLN EURO

The Romanian central bank's (BNR) foreign exchange reserves, excluding 103.7 tonnes of gold, edged up 63 million euros to 28.4 billion euros ($41.96 billion) in October, central bank data showed on Monday.

[ID:nBUC003526]

ROMANIA SELLS 815 MLN LEI IN 6-MTH TBILLS

Romania sold 815 million lei ($280 million) in six-month treasury bills on Monday, with the average accepted yield at 10 percent, from 9.97 percent at a previous tender on Oct. 12, central bank data showed.

[ID:nBUC003524]

ROMANIA'S BRD 9-MTHS NET LAGS ON PROVISIONS

Romania's second-largest bank BRD BRDX.BX posted a 36.5 percent fall in nine-months net profit on Monday, slightly below expectations, hit by an almost trebling in its provisions for bad loans.

[ID:nL2546030]

TRANSGAZ

State-owned gas pipeline operator Transgaz TGNM.BX estimates in the company's revised budget a 2009 net profit of about 295 million lei ($101.2 million), down 5.95 percent from the initial forecast.

The revised budget will be discussed on Nov. 16.

Ziarul Financiar, Page 5

DACIA EXPORTS

Dacia carmaker, owned by France's Renault (RENA.PA) recorded exports of about 1.5 billion euros in the first nine months of 2009, up about 50 percent compared to the same period of last year.

Ziarul Financiar, Page 12

SUBSIDIES FOR STATE COMPANIES

Only two or three state-owned companies will keep receiving state subsidies in 2010 as the Fund has asked the government to stop offering state aid to 10 loss making firms under monitoring, deputy Economy Minister Tudor Serban was quoted as saying.

Ziarul Financiar, Page 3

PRESIDENT ON FUTURE GOVERNMENT

President Traian Basescu was quoted as saying that his main option is to form a right-government, but without a liberal prime minister if he is reelected.

Cotidianul, Page 5

LAYOFFS

The IMF wants around 150,000 state employees to be laid off in 2010 in order to cut spending, SED LEX union leader Vasile Marica said.

Evenimentul Zilei, Page 9

SCHOOL CLOSED BECAUSE OF H1N1

Officials in Bucharest have closed a school for a week after 5 cases of infection with the H1N1 flu virus were confirmed.

Agerpres

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