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Romania - Factors to watch on Sept 23

by Reuters
Friday, 23 September 2011 06:27 GMT

BUCHAREST, Sept 23 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Friday.

MONEY SUPPLY

Romania's central bank is expected to release money supply data for August.

EU STATES TO KEEP BORDERS WITH ROMANIA, BULGARIA

Romania and Bulgaria failed to persuade other European Union governments on Thursday to let them join Europe's passport-free travel zone, with opponents citing concerns about corruption and organised crime in the two Balkan states.

ROMANIA SELLS 98.4 MLN LEI IN 10-YR T-BONDS

Romania sold a less than planned 98.4 million lei (${esc.dollar}31.4 million) in 10-year treasury bonds on Thursday, with the average accepted yield at 7.65 percent, up from 7.59 percent at a previous tender on Aug. 25, central bank data showed.

CEE MARKETS

Emerging European currencies fell broadly against the euro on Thursday, worrying regional central bankers who are struggling to manage the fallout in their financial markets from a slowdown in the world economy.

* ROMANIA C.BANK INTERVENES TO STOP LEU SLIDE-DEALERS

Romania's central bank has stepped in indirectly on the foreign exchange market, selling euros via local banks on Thursday to temper the leu currency fall against the euro, dealers said.

ROMANIA ECONMIN SEES 2012 GROWTH AT 2.5-3 PCT

Romania's economy will probably grow by 2.5-3 percent in 2012, lower than initially estimated, Economy Minister Ion Ariton said on Thursday.

ROMANIA TO HIKE GAS PRICES 8 PCT FOR INDUSTRY-REPORT

Romania will raise gas tariffs for industrial consumers by roughly 8 percent from October, its energy price regulator was quoted as saying on Thursday, as part of an IMF-agreed plan to eliminate price caps.

EU INDUSTRY COMMISSIONER IN ROMANIA

EU Industry Commissioner Antonio Tajani ends a two-day visit to Romania. He is expected to meet Prime Minister Emil Boc at 0730 GMT.

EUROPEAN PARLIAMENT PRESIDENT IN ROMANIA

European Parliament President Jerzy Buzek is in Bucharest and will meet Romanian officials on Friday.

OMV TO DIVEST 1 BLN EUR, SEES PRODUCTION GROWTH

Energy group OMV plans to divest 1 billion euros (${esc.dollar}1,4 billion) of refining and marketing assets by 2014 as it shifts its portfolio towards exploration and production (E&P), it said at its capital markets day in Istanbul.

*Chief Executive Gerhard Roiss said its Romanian Petrobrazi was the only refinery in which OMV was still investing.

Ziarul Financiar, Page 16

ROMANIAN POST

The Belgian post could buy shares in Romania's postal office, sources said after Belgian Prime Minister Yves Leterme met Prime Minister Emil Boc on Thursday.

Jurnalul National, Page 9

NOTE- For a diary of forthcoming Romanian events, double click , and a calendar of east European economic indicators, see .

For other related news, double click on: --------------------------------------------------------------- Romania Market Debt Romanian forex Romania Market Report Romanian money Emerging Market Debt Emerging forex All Emerging Markets news CEE indicators All East Europe News E.Europe equities TOP NEWS -- Emerging markets TOP NEWS -- Convergence watch Romanian indicators Main page of Reuters poll ---------------------------------------------------------------

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