Romania - Factors to watch on Feb. 15
Romania - Factors to watch on Feb. 15
Here are news stories, press reports and events to watch which may affect Romanian financial markets on Wednesday.
INFLATION DATA
Romania's National Statistics Board to release January inflation data. The median forecast of a Reuters poll of analysts puts January annual inflation at 0.1 percent, from -0.5 percent at the end of December.
COMPANY RESULTS
Romanian power and gas network operators Transelectrica and Transgaz, nuclear power producer Nuclearelectrica and bank Banca Transilvania release fourth quarter results.
Q4 GDP DATA
Romania's economy expanded 4.7 percent on the year in the fourth quarter of 2016 as expected, a flash estimate from the National Statistics Board showed on Tuesday.
CENTRAL BANK MINUTES
Romania's central bank board unanimously decided to hold interest rates at 1.75 percent, it said on Tuesday, in minutes of its Feb. 7 meeting, with significant risks to inflation deemed to originate in the fiscal and income policy stance.
NATO
NATO's European allies and Canada increased defence spending by 3.8 percent last year, or $10 billion more than 2015, the alliance said on Tuesday, and said Britain was keeping up with its target after a report said London missed its goal.
GRAFT DECREE
Romania's upper house of parliament, the Senate, on Tuesday unanimously endorsed a government order to scrap a graft decree that triggered mass street protests, international criticism and finally an embarrassing U-turn by the month-old cabinet.
OPINION SURVEY
Support for Romania's ruling Social Democrats has dropped since the party won a parliamentary election two months ago, an opinion poll showed on Tuesday, as it grapples with the fallout from an embarrassing U-turn over an unpopular graft decree.
EARNINGS POLLS
Romania's oil and gas company OMV Petrom, controlled by Austria's OMV, is seen reporting a fourth-quarter net profit of about 510 million lei ($120.19 million), mainly due to higher oil prices.
Romania's state-controlled natural gas producer Romgaz SA is seen recording a 31.9 percent increase in fourth quarter net profit to 276 million lei ($64.79 million), a Reuters poll of four banks and brokerages showed.
CEE MARKETS
Warsaw stocks shaved early losses on Tuesday and the zloty rebounded after Polish figures showed higher-than-expected growth for the fourth quarter of 2016.
BUDGET
Romania's President Klaus Iohannis said on Tuesday the was concerned about the 2017 budget plan and risks that the deficit would overshoot the EU's 3 percent of GDP ceiling. He said he was still considering whether to send it back to parliament for re-examination or sign it into law.
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