Romania - Factors to watch on May 26

Banca Transilvania

26/05/2015 06:00

BUCHAREST, May 26 (Reuters) - Here are news stories, press 
reports and events to watch which may affect Romanian financial 
markets on Tuesday. 
     
    BUDGET DATA 
    Romania's finance ministry may release four-month budget 
data. 
     
    OIL AND GAS ROYALTIES 
    Romania's government will send a draft law on royalty taxes 
for the oil and gas sector to parliament in September, Deputy 
Finance Minister Dan Manolescu told an energy seminar on Monday. 
    A plan to tender 36 new concessions for onshore and offshore 
hydrocarbon licences would be held after the royalties law is 
approved, said Gheorghe Dutu, the head of the National Agency 
for Mineral Resources.  ID:nL5N0YG151  
     
    DEBT TENDER 
    Romania sold a planned 400 million lei ($98.69 million) 
worth of six-month treasury bills on Monday, with the average 
accepted yield at 1.26 percent, central bank data showed. 
 ID:nL5N0YG0L3  
     
    PRIVATE PENSIONS 
    Net assets held by Romania's private pension funds for 6.3 
million contributors reached 21.2 billion lei in the seven years 
since they were set up, the private pension association said on 
Monday. The annual average yield was 10.9 percent. 
    Romania overhauled its pension system in 2008, making it 
mandatory for all working Romanians under 35 to contribute to a 
"second pillar" of private pension schemes as well as their 
state pension.  
         
    For a schedule of forthcoming Romanian events, double click 
 RO/DIARY , and a calendar of east European economic indicators, 
see  CONV/DIARY . 
    For other related news, double click on: 
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 Romanian equities     RO-E     E.Europe equities     .CEE 
 Romanian money        RO-M     Romaniandebt          RO-D 
 Eastern Europe        EEU      All emerging markets  EMRG 
 Hot stocks            HOT      Stock markets         STX 
 Market debt news      DBT      Forex news            FRX 
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Keywords: ROMANIA FACTORS/