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Romania - Factors to watch on Dec 17

by Reuters
Tuesday, 17 December 2013 07:33 GMT

(Adds press digest)

BUCHAREST, Dec 17 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Tuesday.

ROMANIA SELLS 1.1 BLN LEI IN BILLS DUE DEC. 2014

Romania sold a planned 1.1 billion lei ($339.16 million) in one-year treasury bills due to mature in December 2014 on Monday, with the average accepted yield at 2.90 percent.

CEE MARKETS

The shares of Hungary's biggest lender, OTP, surged almost 3 percent on Monday in a sharp rebound as a court ruling dispelled fears that foreign currency loan contracts could be declared void en masse.

ERSTE DETAILS SOVEREIGN EXPOSURE AT END-H1

Erste Group Bank ERST.VI said on Monday its largest sovereign exposure at the end of the first half was to home country Austria.

UK CAMERON'S PLAN TO RECAST EU TIES, MIGRANT RULES, STRAINS COALITION

Prime Minister David Cameron's plan to reshape Britain's ties with the European Union has opened a rift with his junior coalition partner who on Monday accused his party of promoting illegal and economically disastrous reforms.

TRANSELECTRICA

Romanian state-owned power grid operator Transelectrica set a 6.1 percent yield per year for the five-year bond issue worth 200 million lei it launched last week, the company said in statement on Monday. The issue ends on Dec. 18.

FONDUL PROPRIETATEA

Romanian's Fondul Proprietatea, managed by Franklin Templeton, holds extraordinary general shareholders meeting on Feb. 3, 2014, it said in a statement.

Shareholders are expected to vote on a proposal to decrease the subscribed share capital of the fund.

POWER HOLDING HUNEDOARA

Coal-fired power holding Hunedoara is expected to post a 180 million lei ($55.55 million) loss this year, according to the company's budget plan. Ziarul Financiar, Page 6

POWER HOLDING OLTENIA

Lignite power holding Oltenia plans to buy 400,000 greenhouse gas emission permits for 8.9 million lei on the OPCOM-led Centralized Market for Electricity and Natural Gas Bilateral Contracts. Ziarul Financiar, Page 8

AMNESTY BILL

An amnesty bill that would have kept some politicians sentenced to prison for corruption out of jail will be sent back to parliament's commissions on Tuesday and will remain on public debate until Feb. 1 of next year, lower house speaker Valeriu Zgonea said on Monday. Evenimentul Zilei, Page 6

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 -------------------------------------------------------------- ($1 = 3.2403 Romanian leus)

Our Standards: The Thomson Reuters Trust Principles.


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