Romania - Factors to Watch on June 2

BUCHAREST, June 2 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Tuesday.

PRESIDENT IN ISRAEL

President Traian Basescu ends his three-day visit to Israel.

PRODUCER PRICE INDEX DATA

The National Statistics Board will release producer prices index for March.

ROMANIA CBANK RESERVES UP AT 26.85 BLN EUROS

The Romanian central bank's (BNR) foreign exchange reserves, excluding 103.7 tonnes of gold, surged 1.96 billion euros to 26.85 billion euros ($37.57 billion) in May, central bank data showed on Monday.

[ID:nL1432225]

ROMANIA POTENTIAL EUROBOND TO CARRY 5-10 YR MATURITY

Romania's potential Eurobond issue this year may carry a maturity of 5 to 10 years, and amount to at least 500 million euros ($699.7 million), deputy Finance Minister Bogdan Dragoi said on Monday.

[ID:nL1498624]

ROMANIA SELLS 2.329 BLN LEI IN 6-MO TBILLS

Romania sold 2.329 billion lei ($791 million) in six-month treasury bills on Monday, with the average accepted yield at 11.07 percent, down from 11.50 percent at a previous tender on May 4, central bank data showed.

[ID:nBUC001381]

ROMANIA STATS BODY DELAYS Q1 GDP DETAILS TO JUNE 9

Romania's statistics board has delayed the release of details of first quarter gross domestic product data from Tuesday to June 9, to gain more time to compute quarterly seasonally adjusted figures, it said on Monday.

[ID:nL136124]

NOKIA

Finnish mobile phone giant Nokia (NOK1V.HE) will hire 400 more workers for its plant in northwestern Romania, which will become the sole accessories provider for the firm in Europe, head of the plant John Guerry said.

Ziarul Financiar, Page 7

MORE H1N1

Two new H1N1 cases were announced on Monday in Romania, in a 28-year-old-woman who arrived from New York on May 29 and in her 56-year-old-mother who was infected by her daughter, through secondary contact, the health ministry said.

OPINION POLL

President Traian Basescu would win a new presidential mandate if he runs in the election later this year, garnering 37.5 percent of votes, an INSOMAR survey showed.

Social-Democrat leader Mircea Geoana would get 24.3 percent of votes and Liberal Party head Crin Antonescu 15.7 percent.

Cotidianul, Page 5

HIDROELECTRICA

Standard & Poor's said on Monday it may cut the rating of Romanian state-owned hydro power producer Hidroelectrica on weak liquidity.

NOTE - For a diary of forthcoming Romanian events, double click [RO/DIARY], and a calendar of east European economic indicators, see [CONV/DIARY].

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