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Romania - Factors to Watch on Nov 5

Thu Nov 5, 2009 2:25am EST

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BUCHAREST, Nov 5 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Thursday.

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IMF MISSION VISIT

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

DEBT AUCTION

Romania's finance ministry tenders 950 million lei in five-year treasury bonds.

ROMANIAN PM NOMINEE TORPEDOED, AID SEEN AT RISK

Romania's opposition rejected prime minister-designate Lucian Croitoru on Wednesday, feeding scepticism that the government will be able to approve a tough 2010 budget by an IMF deadline to release vital aid.

[ID:nL485984]

**For FACTBOX-IMF loan terms for Romania double-click [ID:nL2392031]

ANALYSIS-ROMANIAN VOTE LOOKS SET TO PROMPT AID DELAY

The Romanian opposition's rejection of a new cabinet on Wednesday will likely prompt the IMF to hold back a badly-needed aid package, as politicians are unlikely to approve a budget before a deadline next month.

[ID:nL4165251]

ROMANIAN COURT CLEARS IMF-REQUIRED FISCAL REFORMS

Romanian court cleared IMF-prescribed fiscal reform bills on Wednesday, removing one of several stumbling blocks to a tight 2010 budget and the timely release of the next tranche of a 20 billion euro aid package.

[ID:nL4219831]

ROMANIAN NET WAGES UP 4.9 PCT Y/Y IN SEPTEMBER

Romania's average net wage rose by 4.9 percent on the year in nominal terms to 1,359 lei ($462.2) in September, the National Statistics Board said on Wednesday.

[ID:nL419034]

ROMANIA'S TRANSELECTRICA 9-MO NET FALLS 91 PCT

Romania's state-owned power grid operator Transelectrica (TSEL.BX) posted a 91 percent fall in its nine-month net profit on Wednesday, company data showed.

[ID:nBUC003530]

ROMANIA PLANS TO SELL 400 MLN EUROS IN 3-YR T-BOND

Romania plans to sell 400 million euros ($590 million) in 3-year treasury bonds at uniform price on the domestic market on Nov. 6, the finance ministry said on Wednesday.

[ID:nBUC003532]

NEW DESIGNATE PRIME MINISTER

President Traian Basescu said late on Wednesday he wants to designate another prime minister as soon as possible and will set party consultation schedule on Thursday.

Agerpres

H1N1 COUNTDOWN

The number of people infected with H1N1 flu virus has reached 672, health authorities said on Wednesday.

UNEMPLOYMENT

About 14,500 workers may lose their jobs between November 2009 - March 2010, the national employment agency said.

Ziarul Financiar, Page 3

WIND ENERGY PARK

German company Ramina Eol will invest 150 million euros in a wind energy park in the Romanian town of Petrila, which will have a capacity of 70 MW.

Evenimentul Zilei, Page 10

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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