Romania - Factors to watch on Feb 26

by Reuters
Wednesday, 26 February 2014 06:30 GMT

BUCHAREST, Feb 26 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday.

Romania's ruling coalition ruptures as elections loom

Romania's Liberal Party pulled the plug on the coalition government on Tuesday, a break-up that might disrupt five years of economic reform backed by the International Monetary Fund (IMF) in the European Union's second poorest state.


Romania will not be able to launch an initial public offering in its largest state power producer Hidroelectrica this year, as agreed under an aid deal led by the International Monetary Fund, because of an unfavourable court ruling on Tuesday.


Romania ran a consolidated budget surplus of 0.2 percent of gross domestic product in January, or 1.5 billion lei ($456.3 million), finance ministry data showed on Tuesday.


Romanian anti-corruption prosecutors asked parliament on Tuesday to waive the immunity of ex-finance minister Daniel Chitoiu to enable an investigation against him on suspicion of abuse of power and setting up a crime ring.


Large European energy firms have poured billions of euros into revamping Romania's ageing energy sector, but much-needed new projects are unlikely to materialize without clear, predictable policies, foreign investors said on Tuesday.


Central European assets were mixed on Tuesday as forecasts for economic recovery partly offset concerns that Ukraine's crisis and a possible breakup of Romania's coalition could hit markets.

For a schedule of forthcoming Romanian events, double click , and a calendar of east European economic indicators, see.

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