Romania - Factors to watch on Sept. 7

Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday.

GDP

Romania's economy expanded 6.0 percent on the year in the second quarter, the National Statistics Board said on Tuesday confirming a flash estimate, while domestic consumption rose 9.6 percent.

WAGES

Romania's net average monthly wage rose 12.4 percent on the year to 2,078 lei ($521.31) in July, and was flat on the month, the National Statistics Board said on Tuesday.

CEE MARKETS

The Hungarian forint and the Romanian leu eased on Tuesday after data showed falling investments and industrial output in Central Europe, leaving consumption as the driver of economic growth.

PENSIONS

Romania's Senate approved a draft bill of Tuesday that would exempt all state pensions from a 16 percent income tax, the latest in a series of populist measures ahead of a Dec. 11 parliamentary election. The lower house has the final say on the bill.

INTERIOR MIN

Romanian Prime Minister Dacian Ciolos said on Tuesday he nominated Dragos Tudorache, his chief of staff, as interior minister, replacing Petre Toba who resigned last week after anti-corruption prosecutors placed him under investigation.

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