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Company News

Romania - Factors to Watch on Sept 22

BUCHAREST, Sept 22 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday.

PUBLIC PROTEST

Some 20,000 people are expected to attend a rally and hold several protests against the government’s austerity measures in Bucharest as of 0900 GMT, unionists said.

CZECH CEZ TO QUIT ROMANIA NUCLEAR REACTORS-REPORT

Czech power firm CEZ CEZPsp.PR will quit a joint venture to build two units at Romania's sole nuclear power plant by December and seek other low-risk projects in the region, a company official was quoted as saying on Tuesday.

[ID:nLDE68K27L]

PENSION REFORM

Opposition Liberals plan to challenge at the Constitutional Court a pension reform bill that parliament passed earlier this month, key to Romania’s 20 billion euros IMF-led aid package.

On Tuesday, an opposition request to repeat the vote of accusations that the vote was flawed the first time was denied.

EU: LITHUANIA, ROMANIA ON TRACK TO CUT BUDGET DEFICITS

Lithuania and Romania are on track to lower their budget deficits in accordance with an EU disciplinary procedure, but must continue with fiscal consolidation to ensure this, the EU executive said on Tuesday.

Under the so-called excessive deficit procedure, Lithuania and Romania have been given until 2012 to cut their deficits below the European Union’s ceiling of 3 percent of gross domestic product. [ID:nLDE68K10G]

SOROS URGES EU TO HELP ROMA “UNDERCLASS”

Billionaire philanthropist George Soros said France must stop its “illegal” repatriation of Roma to eastern Europe and called on the Europe Union to provide funds to end the region’s “worst case of social exclusion”. [ID:nLDE68K0CZ]

HEALTH SECTOR JOB OPENINGS

About 3,000 jobs will be available in hospitals starting from November, the health ministry said. The decision was made after a fire at a maternity in Bucharest showed serious understaffing problems in Romanian hospitals.

Ziarul Financiar, Page 3

RETAIL

Retail chain Billa, part of Germany’s food retailer REWE Group, will open a new store in the town of Brasov this week, after it opened a store in Arad last week. Billa now has 53 stores in Romania.

Gandul, Page 9

WIND ENERGY

The Romanian unit of Germany's E.ON EONGn.DE plans to develop three wind energy projects in Romania with a total capacity of some 100 megawatts, at a cost estimated at 200 million euros.

Ziarul Financiar, 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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