Wednesday, September 26, 2007

Romania - Factors to Watch on September 24

Mon Sep 24, 2007 6:59am BST

BUCHAREST, Sept 24 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Monday.

NO-CONFIDENCE VOTE

Romania's powerful leftist opposition party, the Social Democrats, are expected to file a no-confidence vote against the government.

CRIMINAL INVESTIGATIONS

A presidential committee will analyse prosecutors' requests to start criminal investigations against Justice Minister Tudor Chiuariu and former Communication Minister Zsolt Nagy, for alleged graft-related crimes.

EXCLUSIVE-ROMANIA'S CBANK SEES RISKS TO CPI TARGET

Romania's inflation may not have peaked in August and rising food prices and a perceived depreciation of the leu pose risks to the central bank's inflation goal, governor Mugur Isarescu told Reuters.

[ID:nL22168520]

ROMANIAN CBANKERS LEND SUPPORT TO TROUBLED LEU

Romanian central bankers threw a lifeline to the slumping leu on Friday, saying its falls were temporary, while the International Monetary Fund soothed worries about domestic woes troubling the currency.

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ERSTE BANK TO CUT 2,400 JOBS AT BCR BY END-2008

Austria's Erste Bank (ERST.VI: Quote, Profile, Research) der oesterreichischen Sparkassen plans to slash almost a quarter of the workforce at its Romanian unit Banca Comerciala Romana to cut costs by the end of next year, it told investors on Friday.

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ROMANIA TO HIKE GAS PRICES BY 3.7 PCT AS OF OCT. 1

Romania will raise gas prices for household consumers by 3.7 percent from the start of October as cost estimates for imported gas in the fourth quarter have risen, energy price regulator ANRE said on Friday.

[ID:nL21786481]

ROMANIA TO FINALISE ELECTROPUTERE PRIVATISATION

Romania will sign a deal to sell its 63 percent stake in electrical equipment maker Electroputere (EPUT.BX: Quote, Profile, Research) in the coming days, the country's privatisation agency AVAS said on Friday.

[ID:nL21671508]

ROMANIAN SOLDIER KILLED IN IRAQ

The Romanian Defence Ministry said on Friday a Romanian soldier was killed and five others were severely wounded in an explosion in Iraq, during a patrolling mission next to their base in Tallil.

ROMANIA TOP COURT POSTPONES 1990 RIOT CASE TO OCT

Romania's top court postponed on Friday until October a case against four retired high-ranking officers for their role in four deaths during a miners' riot in 1990 due to procedural reasons, court officials said.

ROMANIA'S LAFARGE TURNOVER UP

The Romanian unit of France's cement maker Lafarge (LAFP.PA: Quote, Profile, Research) expects a 2007 turnover of 300 million euros ($423.3 million), 30 percent higher than last year and compared with a previous estimation of 20 percent.

The revision was caused by a prolonged drought which boosted construction works, a company director said.

Ziarul Financiar, page 24

MORE CARS

Romania's car imports rose by 53.2 percent on the year in the first eight months of 2007, the Romanian Association of Car Makers and Importers said.

Ziarul Financiar, page 3

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