June 25 (Reuters) – Here are news stories, press reports and events to watch which may affect Romanian financial markets on Friday.
ROMANIA TOP COURT DELAYS DECISION ON PAY CUTS
Romania’s top court suspended debate on the government’s drastic cuts in public spending, demanded by the IMF as a condition for resuming loans, and may rule on the austerity measures when it meets again on Friday.
GERMAN FOREIGN MINISTER IN ROMANIA
German Foreign Minister Guido Westerwelle is on a one-day visit to Romania. He is expected to meet President Traian Basescu and Foreign Minister Teodor Baconschi.
Trade unions plan a rally with up to 4,000 people in front of the president’s headquarters on Friday, protesting against the government’s IMF-backed austerity plan and asking the president not to approve the laws that are now debated by the constitutional court.
ROMANIA M3 MONEY SUPPLY UP 1.0 PCT M/M IN MAY
For a table, double-click [ID:nLDE65N0JF]
Swiss clothes retailer H&M plans to open its first store in Romanian in the first half of 2011.
Ziarul Financiar, Page 1
The listing of the state-owned investment fund Fondul Proprietatea on the Bucharest bourse could happen in the second half of this year, the fund’s head Ionut Popescu told daily Evenimentul Zilei.
The statement comes after the parliament approved some regulations related to the organization of the fund this week.
Evenimentul Zilei, Page 10
EU DEVELOPMENT COMMISSIONER
EU Development Commissioner Andris Piebalgs is expected to meet Finance Minister Sebastian Vladescu and Economy Minister Adreian Videanu of Friday, during his official visit to Romania.
NOTE- For a diary of forthcoming Romanian events, double
click [RO/DIARY], and a calendar of east European economic indicators, see [CONV/DIARY].
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