July 27 (Reuters) – Here are news stories, press reports and events to watch which may affect Romanian financial markets on Tuesday.
IMF MISSION IN ROMANIA
An IMF mission reviews Romania 20 billion euro aid-deal between July 26 and August 4.
IMF mission chief Jeffrey Franks is expected to meet Finance Minister Sebastian Vladescu on Tuesday.
ROMANIA STICKS TO YIELD CAP, SELLS LESS THAN PLANNED
Romania sold just over a third as much as planned at a T-bills tender on Monday, sticking to its self-imposed cut-off yield of 7 percent, a tactic which analysts say debt managers could be forced to scrap next month.
ISRAELI MILITARY HELICOPTER CRASHES IN ROMANIA
An Israeli military transport helicopter carrying seven soldiers crashed in a mountainous area of central Romania on Monday during a joint exercise, Romania’s Defence Ministry and the Israeli military said.
Romania could introduce a wealth tax, Prime Minister Emil Boc said on Monday. He did not give details.
Ziarul Financiar, Page 1
The IMF will revise Romania’s 2010 growth forecast, but it will not be as pessimistic as the EBRD’s 3.0 percent contraction estimation, IMF mission chief Jeffrey Franks said.
Daily Ziarul Financiar quoted an unnamed source saying the GDP was expected to contract 1.5-1.8 percent in 2010.
Ziarul Financiar, Page 1
Romania will launch its new tourism brand on Thursday in China.
Ziarul FInanciar, Page 3
An extraordinary session of parliament could take place on August 16 to discuss changes to the law that sets up the National Integrity Agency, an EU-backed anti-graft body.
The powers of the agency have been watered down after a court branded some of its activities unconstitutional in April.
Opposition Social Democrats and Liberals plan to introduce the government’s decision to hike the VAT on the agenda.
Romania Libera, Page 5
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