Romania - Factors to Watch on Oct 15

BUCHAREST, Oct 15 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Friday.


Unions will protest each Friday against the government’s austerity measures in front of the ruling Democrat Liberal Party’s regional and county headquarters across Romania.


Thousands of Romanian finance ministry workers have stopped work to protest against bonus cuts, a sign of growing popular opposition to the government’s IMF-mandated austerity drive.


* The protest ended on Thursday afternoon after Finance Minister Ialomitianu promised some performance-based bonuses for employees for the last two months. Gandul, Page 3

** The finance ministry staff protest could extend to other ministries.


The no-confidence motion the opposition plans to file against the government could be voted by six Democrat-Liberal parliament members that plan to leave the party.

Democrat-Liberal senator Gabriel Mutu resigned from the party on Thursday and joined the opposition Social Democrat Party. Romania Libera, Page 3


Romania has stored enough gas supply to last it during the winter, the economy ministry said in a statement.

* Romania launched on Thursday a gas pipeline that connects it to neighbouring Hungary, allowing it to import gas from other sources than Russia.


The cabinet may ask the IMF to allow it to cut the flat tax to 12 percent from 16 percent, hike minimum wage to 720 lei and reduce taxes to the social insurance budget to 41 percent from the present 43.6 percent, sources close to negotiations said.

An IMF mission will be in Bucharest to review Romania’s 20 billion euros aid-deal from Oct. 20 to the beginning of November. Jurnalul National, Page 9

NOTE- For a diary of forthcoming Romanian events, double

click [RO/DIARY], and a calendar of east European economic indicators, see [CONV/DIARY].

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