Romania - Factors to watch on Feb. 7

BRD Groupe Societe Generale SA

07/02/2020 06:00

BUCHAREST, Feb 7 (Reuters) - Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Friday.
    
    INTEREST RATES
    Romania's central bank holds a rate-setting meeting at which
it is widely expected to hold its benchmark interest rate at
2.50%.
    
    GOVERNMENT
    Romania's president on Thursday asked outgoing Prime
Minister Ludovic Orban to form a new government around the
premier's centrist Liberal party, moving a step closer to an
early parliamentary election which Orban is widely expected to
win.  urn:newsml:reuters.com:*:nL8N2A679S
    
    DEBT TENDER
    Romania sold 1.16 billion lei ($267.88 million) of 2029
treasury bonds on Thursday, more than double the planned amount,
at an average accepted yield of 4.17%, central bank data showed.
     urn:newsml:reuters.com:*:nL8N2A65ZK
    
    PETROM
    Romania's top oil and gas firm OMV Petrom  ROSNP.BX ,
controlled by Austria's OMV  OMVV.VI  said on Thursday it
recorded a fourth-quarter net profit attributable to
shareholders of 938 million lei ($216.67 million), down 17% from
the same quarter of the previous year, driven in part by lower
crude prices.  urn:newsml:reuters.com:*:nFWN2A519T
    Chief executive Christina Verchere told a news conference
the Romanian government needed to make changes to an offshore
oil and gas bill or risk having deep waters gas projects such as
its Neptun Deep one become a matter of "if" instead of "when."
    But Austrian energy group OMV also indicated on Thursday
that it could be interested in increasing the stake in the
Neptun block project that it currently holds with U.S. firm
Exxon Mobil  XOM.N  who has said it was seking to sell its
majority participation.  urn:newsml:reuters.com:*:nL8N2A6375
    
    BRD
    Romanian lender BRD Group Societe Generale  ROBRD.BX ,
majority-controlled by France's Societe Generale  SOGN.PA  said
on Thursday it recorded a net profit of 1.49 billion lei
($344.16 million) in 2019, down 4.1% on the year.  urn:newsml:reuters.com:*:nL8N2A61PK
    
    CEE MARKETS
    The Czech crown rose more than 0.8% on Thursday to scale its
highest level since October 2012, after the Czech central bank
unexpectedly raised interest rates by 25 basis points. 
     urn:newsml:reuters.com:*:nL8N2A662R
            
    For other related news, double click on:
 ---------------------------------------------------------------
 Romanian equities     RO-E     E.Europe equities    .CEE
 Romanian money        RO-M     Romanian debt         RO-D
 Eastern Europe        EEU      All emerging markets  EMRG
 Hot stocks            HOT      Stock markets         STX
 Market debt news      DBT      Forex news            FRX
 For real-time index quotes, double click on:
 Bucharest BETI  .BETI  Warsaw WIG20  .WIG20  Budapest BUX
 .BUX  Prague PX  .PX 
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