Romania - Factors to watch on Aug 1

BRD Groupe Societe Generale SA

01/08/2014 06:02

BUCHAREST, Aug 1 (Reuters) - Here are news stories, press 
reports and events to watch which may affect Romanian financial 
markets on Friday. 
     
    FX RESERVES  
    Romania's central bank will publish July foreign exchange 
reserves data. Reserves rose by 555 million euros ($742.5 
million) to 31.2 billion euros in June. 
     
    BANK RESULTS 
  * Romania's largest listed bank BRD  ROBRD.BX , controlled by 
France's Societe Generale  SOGN.PA , releases first half 
financial results. 
  * Private Romanian lender Banca Transilvania  ROTLV.BX  will 
release first half financial results. 
     
    ROMANIA JOINS EMERGING DEBT INDEX 
    JP Morgan will include Romanian debt in its global index for 
investment-grade emerging economies from Thursday, a move that 
should help keep the European Union member's borrowing costs at 
record low levels.  ID:nL6N0Q63XE  
     
    ERSTE TAKES WRITEDOWNS 
    Austria's Erste Group Bank  ERST.VI  said on Thursday that 
it has sought to clean up all its balance sheet problems this 
year but cannot exclude further political obstacles in its 
central and eastern European markets.  ID:nL6N0Q61JF  
     
    CEE MARKETS 
    The Czech crown  EURCZK=  fell to its lowest since December 
against the euro after the Czech central bank again pushed back 
the end of its weak crown policy and central European assets 
came under fire.  ID:nL6N0Q65QZ  
 
    OMV PETROM DEAL 
    Romania's OMV Petrom  ROSNP.BX , owned by OMV  OMVV.VI  of 
Austria, said on Thursday it sold its 28.59 percent stake in 
non-core gas distribution and supply company Congaz SA to GDF 
SUEZ Energy Romania SA for an undisclosed amount. 
 ID:nL6N0Q667H  
     
    LUKOIL 
    The head of Russia's second largest oil producer Lukoil 
 LKOH.MM  said on Thursday that Western sanctions on Russia 
would force the company to reduce its investment programme due 
to limited access to funds.  ID:nL6N0Q649H  
     
    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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 Romania Market Debt      RO-DBT    Romanian forex       RO-FRX  
 Romania Market Report    ROL/      Romanian money       RO-M  
 Emerging Market Debt     EMRG/DBT  Emerging forex     EMRG/FRX  
 All Emerging Markets news  EMRG    CEE indicators   CONV/DIARY  
 All East Europe News        EEU    E.Europe equities      .CEE  
 TOP NEWS -- Emerging markets    TOP/EMRG  
 TOP NEWS -- Convergence watch   TOP/EAST  
 Romanian indicators         RO/ECI  
 Main page of Reuters poll   RO/POLL1  
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($1 = 0.7475 Euros) 
 
 ((bucharest.newsroom@thomsonreuters.com)) 
 
Keywords: ROMANIA FACTORS