June 15 (Reuters) – Here are news stories, press reports and events to watch which may affect Romanian financial markets on Tuesday.
ROMANIA GOVT FACES CONFIDENCE VOTE OVER AUSTERITY
Romania’s centrist coalition government looks likely to defeat a no-confidence vote in parliament on Tuesday over planned deep spending cuts, giving it greater scope to carry out reforms.
Boc’s centre-right coalition needs 236 votes to survive the vote, expected to take place in the early afternoon after a debate in parliament which starts at 0700 GMT.
Unions are hoping up to a million Romanians will support a planned one-day general strike on the day of the vote.
ROMANIA LIMITS DEBT SALE AHEAD OF CONFIDENCE VOTE
Romania sold less debt than planned in a tender on Monday, hoping it will create a more stable political backdrop and ease pressure on yields a day later by winning a no-confidence vote.
ROMANIA FINMIN NOT DESPERATE TO SELL DEBT – PRESS
Romania can afford to reject bids at debt tenders if yields asked by investors are too high, Finance Minister Sebastian Vladescu was quoted as saying ahead of a T-bill auction on Monday.
CONSTITUTIONAL COURT JUDGES
Romania’s senate appointed Iulia Antoanella Motoc and Mircea Stefan Minea as new judges in the nine-member Constitutional Court on Monday. Both were nominated by the ruling Democrat Liberal Party.
Economy Minister Adriean Videanu could meet Gazprom CEO Alexei Miller on June 16 in Moscow to discuss Romania’s possible participation in the South Stream project, Miller said last week.
Marcel Piteiu, head of Romania’s state-owned gas company Romgaz, said he believes Romania will be invited to join South Stream.
Ziarul Financiar, Page 8
Romania will decide after the present IMF deal is done if it needs further help from the Fund, but it should better stick to implementing reforms and not get a new loan, Mihai Tanasescu, Romania’s representative to the IMF was paraphrased as saying.
Gandul, Page 4
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