Romania - Factors to watch on Nov 6 (updated)

BRD Groupe Societe Generale SA

06/11/2013 07:27

(Adds press digest) BUCHAREST, Nov 6 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday. GOVERNMENT MEETING Romania's coalition government of leftist Prime Minister Victor Ponta holds weekly meeting from 1000 GMT.        ROMANIA CUTS RATES TO RECORD LOW, LIMITED ROOM FOR MANOEUVRE Romania's central bank cut interest rates to a record low 4.0 percent at its last meeting of 2013, taking advantage of a dive in inflation to do more to support growth while saying there was some minimal room left to reduce rates further. ID:nL5N0IQ1BH  ROMANIA EYES 4 BLN EURO LOANS FROM WORLD BANK Romania held preliminary talks with the World Bank seeking to obtain annual development policy loans worth an overall 4 billion euros ($5.40 billion) from 2014, to finance the budget deficit, the finance ministry said on Tuesday.  ID:nL5N0IQ1ZV  IMF COMPLETES ROMANIA AID DEAL REVIEW, LOWER DEFICIT EYED The International Monetary Fund has completed its first review of Romania's 4 billion euros aid deal agreeing on a deficit- reduction target for next year and plans to reform the transport and energy sectors.  ID:nL5N0IQ1B0  ROMANIA NET WAGE UP 4.6 PCT Y/Y IN SEPTEMBER The average Romanian monthly wage rose 4.6 percent on the year to 1,609 lei in September, and was up 0.3 percent from the previous month, the National Statistics Board said on Tuesday. ID:nL5N0IQ132  BRD 9-MONTH NET PROFIT SEEN AT 113.2 MLN LEI Romania's second largest bank BRD  ROBRD.BX , controlled by France's Societe Generale  SOGN.PA , is seen posting a 113.2 million lei ($34.46 million) net profit for the first nine months.  ID:nL5N0IQ2D9  PETROM Q3 NET PROFIT SEEN UP 45 PCT Y/Y Romania's top oil and gas company Petrom  ROSNP.BX , controlled by Austria's OMV  OMVV.VI , is seen posting a net profit of 1.26 billion lei ($383.54 million) in the third quarter, up roughly 45 percent on the year. ID:nL5N0IQ23E  CEE MARKETS The leu fell a touch on Tuesday when the Romanian central bank cut interest rates to a new record low, the first in a series rate setting meetings in central Europe this week.  ID:nL5N0IQ0VY  POWER COSTS SHRINK AS SHARE OF EUROPE'S RISING ENERGY BILLS Europeans are paying the steepest energy bills in four years and face ever higher payments as governments pile on extra charges to help finance a 1 trillion euro ($1.4 trillion) modernisation of Europe's energy infrastructure. ID:nL5N0IL4DI  ROMGAZ The EBRD bought a 1.9 percent stake in state gas producer Romgaz for 225.5 million lei ($68.37 million)in a initial public offering that was completed last week. Ziarul Financiar, Page 3    ž For a schedule 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  -------------------------------------------------------------- ($1 = 3.2980 Romanian lei) ((radu.marinas@thomsonreuters.com+4021 305 5263)(Reuters)(Messaging: radu.marinas.thomsonreuters.com@reuters.net))