July 22 (Reuters) – Here are news stories, press reports and events to watch which may affect Romanian financial markets on Thursday.
SUPREME COUNCIL OF MAGISTRATES
President Traian Basescu is expected to attend a meeting of the Supreme Council of Magistrates.
Romania’s finance ministry tenders 400 million lei in 10-year treasury bonds.
TAX CHECKS BOOST CASH-STRAPPED ROMANIA’S REVENUES
Romania increased tax inspections in June, bringing additional revenue of 908 million lei ($274.7 million) to the consolidated budget, up 41 percent on the year, it said on Wednesday. [ID:nLDE66K0W9]
ROMANIA EXHUMES REMAINS OF EX-DICTATOR CEAUSESCU
The graves of Romania’s former communist dictator Nicolae Ceausescu and his wife Elena were dug up on Wednesday, some 20 years after their deaths, to check if they were truly buried there, their son-in-law said. [ID:nLDE66K11T]
GOVT LETTER OF INTENT TO THE IMF
The IMF has released Romania’s upgraded letter of intent which it sent at the end of June after hiking value added tax to ensure it meets key requirements of its aid package.
The coalition cabinet has requested waivers for most of its end-June performance criteria, including a deadline to pass a pension reform bill and a target to lower government arrears. Read the letter at:
About 57 percent of the 2,919 jobs from the interior ministry will be cut, as part of wider government efforts to downsize a bloated public administration, Minister Vasile Blaga said on Wednesday.
Some other 3,100 jobs will be cut from the farm ministry. The restructuring will bring yearly budget savings of 127 million lei ($37.97 million), Farm Minister Mihail Dumitru said.
Romania’s steel production rose by 64.5 percent in the first half of the year, to 1.86 million tonnes, according to the World Steel Association.
Ziarul Financiar, Page 8
The government approved rules for cutting high pensions of special sectors like parliamentarians, diplomats or policemen on Wednesday.
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