Reuters: Financial Services and Real Estate: Romania - Factors to watch on May 2

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Romania - Factors to watch on May 2 May 2nd 2012, 05:41 BUCHAREST | Wed May 2, 2012 1:41am EDT BUCHAREST May 2 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday. RATE MEETING * Romania's central bank holds rate-setting meeting. It should also approve its quarterly inflation report. * Romania central bank governor Mugur Isarescu holds briefing after rate-setting meeting at 1230 GMT. FOREIGN EXCHANGE RESERVES Romania's central bank is expected to release foreign exchange reserves data for April. ROMANIA DESIGNATE PM UNVEILS NEW GOVERNMENT Lineup Romanian premier-designate Victor Ponta unveiled his cabinet on Tuesday, appointing politicians from his leftist Social Liberal Union (USL) with a central banker as finance minister, and is expected to win parliamentary backing on May 7. ROMANIA'S LEU HITS RECORD LOW VS EURO FOR 2ND DAY Romania's leu hit a record low against the euro for a second straight day on Tuesday with local markets closed, after a government collapse sparked fears about the country's international aid prospects. FITCH SAYS ROMANIA POST-ELECTION POLICY KEY AMID HIGHER UNCERTAINTY ROMANIA TALKS UP IMF DEAL AS CURRENCY SLIDES Romania's incoming government looks certain to stick to a 2012 budget target agreed with the International Monetary Fund, a Fund official said on Monday, playing down risks from public pressure to ease up on austerity. BANCA TRANSILVANIA Q1 NET PROFIT AT 91.8 MLN LEI Romanian lender Banca Transilvania reported a net profit of 91.8 million lei ($27.72 million) for the first quarter on Monday. ROMANIA ENERGY DEREGULATION KEY TO NEW INVESTMENT Saddled with ageing power plants and lacking funds to upgrade a dilapidated energy sector, Romania's new government faces a tough task to convince skeptical investors the country will finally move forward with deregulating energy prices. NOTE- For a diary 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 --------------------------------------------------------------- Link this Share this Digg this Email Reprints

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