July 13 (Reuters) – Here are news stories, press reports and events to watch which may affect Romanian financial markets on Tuesday.
Palestinian President Mahmoud Abbas ends a two-day official visit to Romania. He is expected to meet the speaker of parliament’s lower house.
The central bank is expected to release current account data for May.
ROMANIA JUNE INFLATION FLAT AT 4.4 PCT AS EXPECTED
Romania’s annual inflation ROCPI=ECI held steady at 4.4 percent in June, in line with market expectations, data from the National Statistics Board showed on Monday. [ID:nBCR000049]
ROMANIA JAN-MAY TRADE DEFICIT SHRINKS 3.2 PCT Y/Y
Romania’s trade deficit ROTBAL=ECI shrank by 3.2 percent to 3.8 billion euros in January-May from the previous year, as exports’ growth rate outpaced that of imports, data showed on Monday. [ID:nBCR000050]
* For an instant view of analysts’ comments on the date releases, please see [ID:nLDE66B0DM].
ROMANIA SELLS LITTLE DEBT, EVEN AT HIGHER YIELD
Romania sold a fraction of what it had planned at a tender for one-year treasury bills on Monday, sticking to a self-imposed cut-off yield of 7 percent and heightening concerns over budget funding. [ID:nLDE66B1OG]
ROMANIA INDICTS CHAIRMAN OF BANCA TRANSILVANIA
Banca Transilvania (BATR.BX), Romania’s second-largest listed bank, has denied any knowledge of wrongdoing after the bank’s chairman was indicted by prosecutors on charges of money laundering and manipulating the market. [ID:nLDE66B0XV]
CZECH GROUP CEZ QUITS ROMANIA GAS-FIRED POWER PROJECT
Czech power group CEZ (CEZPsp.PR) has withdrawn from a partnership with Romania to build a new 400 megawatt gas-fired power plant citing unforseen costs, central Europe’s biggest utility said on Monday.
CHINA THE ANSWER FOR BALKAN POWER REVAMP
Faced with dwindling interest from cash-strapped and cautious European investors, the Balkans’ creaking electricity infrastructure is happily soaking up more money from China. [ID:nLDE6660I5]
New car registrations dropped 42 percent on the year in January-June in Romania, to about 37,000 units.
Ziarul Financiar, page 12
Romania’s farm ministry plans to lay off about 3,500 people out of its total 13,300 employees, according to a government draft bill.
Ziarul Financiar, Page 2
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