May 12, 2008 / 6:42 AM / 11 years ago

Romania - Factors to Watch on May 12

BUCHAREST, May 12 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Monday.

APRIL INFLATION DATA

The National Statistics Board (INS) to release April inflation data — embargo set for 0700 GMT. The Reuters consensus forecast shows April price growth at an annual 8.5 percent, versus 8.6 in March.

BELGIAN C.BANK GOVERNOR

Belgian central bank governor/ECB governing council member Guy Quaden holds news conference at the central bank headquarters starting 0800 GMT.

ROMANIAN FINMIN NEWS CONFERENCE

Finance and Economy Minister Varujan Vosganian holds news conference on first quarter macroeconomic developments at 1030 GMT.

ROMANIA APRIL UNEMPLOYMENT RATE FALLS TO 3.9 PCT

Romania’s unemployment rate dropped to 3.9 percent in April, from 4.2 percent a month before and was over half a percentage point lower than in the same month of last year, the employment agency said on Friday.

[ID:nL09234896]

ROMANIA TRADE DEFICIT UP 9.4 PCT Y/Y IN Q1

Romania’s first quarter trade deficit grew by 9.4 percent on the year to 4.8 billion euros ($7.36 billion), showing signs of slower deterioration thanks to stronger exports, data showed on Friday.

[ID:nL0915919]

CREDIT AGRICOLE

French bank Credit Agricole (CAGR.PA) plans to invest 33 million euros ($51.02 million) to develop the Romanian unit of Greek Emporiki Bank.

Ziarul Financiar, page 6

EDIBLE OIL PRICES UP

Edible oil prices have risen by 80 percent on the year due to prolonged drought last year which slashed sunflower output, according to data by Romanian producers associations.

Bursa, page 1

AVIVA REVENUES

Gross premium revenues by local insurer Aviva Romania rose by 36 percent on the year in the first quarter of 2008 to 23 million lei ($9.6 million)

Bursa, page 8

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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