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Romania - Factors to watch on Feb 26

Source: Reuters - Wed, 26 Feb 2014 06:30 GMT
Author: Reuters
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BUCHAREST, Feb 26 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday.

Romania's ruling coalition ruptures as elections loom

Romania's Liberal Party pulled the plug on the coalition government on Tuesday, a break-up that might disrupt five years of economic reform backed by the International Monetary Fund (IMF) in the European Union's second poorest state.

HIDROELECTRICA

Romania will not be able to launch an initial public offering in its largest state power producer Hidroelectrica this year, as agreed under an aid deal led by the International Monetary Fund, because of an unfavourable court ruling on Tuesday.

BUDGET SURPLUS

Romania ran a consolidated budget surplus of 0.2 percent of gross domestic product in January, or 1.5 billion lei ($456.3 million), finance ministry data showed on Tuesday.

GRAFT PROBE

Romanian anti-corruption prosecutors asked parliament on Tuesday to waive the immunity of ex-finance minister Daniel Chitoiu to enable an investigation against him on suspicion of abuse of power and setting up a crime ring.

ENERGY SECTOR

Large European energy firms have poured billions of euros into revamping Romania's ageing energy sector, but much-needed new projects are unlikely to materialize without clear, predictable policies, foreign investors said on Tuesday.

CEE MARKETS

Central European assets were mixed on Tuesday as forecasts for economic recovery partly offset concerns that Ukraine's crisis and a possible breakup of Romania's coalition could hit markets.

For a schedule of forthcoming Romanian events, double click , and a calendar of east European economic indicators, see.

For other related news, double click on: -------------------------------------------------------------- Romania Market Debt Romanian forex Romania Market Report Romanian money Emerging Market Debt Emerging forex All Emerging Markets news CEE indicators All East Europe News E.Europe equities TOP NEWS -- Emerging markets TOP NEWS -- Convergence watch Romanian indicators Main page of Reuters poll -------------------------------------------------------------- (Compiled by Bucharest newsroom)

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