Romania - Factors to watch on Dec 5
05/12/2013 07:14
BUCHAREST, Dec 5 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Thursday. DEBT TENDER Romanian debt manager tender 500 million lei ($152.5 million) worth of bonds due in 2018. WAGES The National Statistics Board will release detailed figures for the third quarter gross domestic product at 0800 GMT. ROMANIAN PARLIAMENT APPROVES IMF-AGREED 2014 BUDGET Romania's parliament overwhelmingly endorsed an IMF-backed deficit-cutting budget for 2014 on Wednesday introducing new taxes and modestly raising public sector wages and pensions in the European Union's second poorest member state. ID:nL5N0JJ2M1 GDP Romania's domestic consumption grew by 0.6 percent year-on-year in the third quarter, compared with a 0.3 percent growth during April-June, official data showed on Wednesday. ID:nR5E8KR002 TRANSGAZ Franklin Templeton, the manager of Romanian restitution fund Fondul Proprietatea FP.BX said it will assess its options for some or all its shares in state-owned gas grid operator Transgaz ROTGN.BX . ID:nL5N0JK15F CEE MARKETS Central European currencies firmed slightly after Poland's central bank kept interest rates on hold and Hungarian and Czech data showed a slightly improved economic outlook. Investors have scaled back positions in several Central European currencies in recent days as they prepare to close their books for year-end. They are concerned that Hungary's central bank may cut rates so far that it undermines the forint, and also worry over the Czech Republic's prolonged recession and the risk of political instability in Romania. ID:nL5N0JJ3P0 CEE POLL Central European currencies, which fell in the past days against the euro, are expected to strengthen over the next 12 month, including the Czech crown which could firm beyond the central bank's threshold of 27 per euro. The leu is expected to fully recover from falls caused by Romanian President Traian Basescu's refusal to sign off on the leftist government's review of a standby loan deal with the International Monetary Fund (IMF) due to a tax hike which Basescu said could choke the economy. ID:nL5N0JJ2WC HIDROELECTRICA Romanian state-owned hydro power producer Hidroelectrica picked George Cristodorescu as chairman of its supervisory board. Cristodorescu is a former deputy director of the Romanian unit of Germany's E.ON. 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: --------------------------------------------------------------- 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 -------------------------------------------------------------- ((radu.marinas@thomsonreuters.com+4021 305 5263)(Reuters)(Messaging: radu.marinas.thomsonreuters.com@reuters.net))