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Romania - Factors to watch on May 10
May 10, 2017 / 5:35 AM / 6 months ago

Romania - Factors to watch on May 10

BUCHAREST, May 10 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday.

TRADE

Romania’s national statistics board to release March trade data at 0600 GMT.

MACROECONOMIC FORECASTS

The median forecast of a Reuters poll of analysts puts Romanian annual inflation at 0.5 percent in April, up from 0.2 percent at the end of March.

WAGES

Romania’s net average monthly wage rose by 14.2 percent on the year to 2,342 lei ($563.05) in March and was up 4.7 percent on the month, the National Statistics Board (INS) said on Tuesday.

FINANCIAL REGULATOR

Romanian lawmakers plan to fire Misu Negritoiu as the head of the country’s financial supervisory authority ASF over the way he handled tensions on the insurance market in 2016, Social Democrat senator Claudiu Manda was quoted as saying on Tuesday.

* The vote was postponed until Thursday.

CEE MARKETS

Central European stocks mostly rose on Tuesday as attention shifted to local factors after pro-European Union centrist Emmanuel Macron won Sunday’s French presidential election.

MATERNITY PAY CAP

Romania’s Social Democrat government is considering reintroducing a cap on pay for maternity leave in a range of 5,000-10,000 lei per month and no more than 85 percent of the mother’s salary, labour minister Olguta Vasilescu said. The Social Democrats had lifted the cap roughly one year ago.

MARRIAGE

The Romanian parliament’s lower house overwhelmignly approved on Tuesday a draft revision of the Constitution that would narrow the definition of marriage as a union strictly between a man and a woman, which would rule out the possibility of legalising same-sex marriage. The draft revision will now go to the Senate for approval. If approved, it must then pass a nationwide referendum.

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