NOTIZIARIO DEL 14.02.2008

* BOSNIA *

Bosnia Schedule of Events - Feb 14 - May 17 Feb 14, 2008, 09:51 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through May 17. New or amended entries are marked (*). link

* BULGARIA *

Germany’s Hochtief Signs 23 Mln Euro Water Deal in Bulgaria Feb 14, 2008, 11:07 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) - German construction group Hochtief said on Thursday it has been assigned a 23 million euro ($33.6 million) project to build a wastewater treatment plant in Ruse in northern Bulgaria. link

Sale of Bulgarian Property Helps Belgium’s Melexis Post 32% Y/Y Rise in Net Profit in Q4’07 Feb 14, 2008, 12:02 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) - Belgian semiconductor producer Melexis raised its fourth-quarter net profit by 32% from a year earlier to 11.6 million euro ($17 million), helped by a sale of a property in Bulgaria’s capital Sofia, the company said on Thursday. link

Trans Balkan Pipeline To Buy Two Tankers for up to 200 Mln Euro Each Feb 14, 2008, 12:27 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) - The joint venture company set up for the construction of the Burgas-Alexandroupolis oil pipeline, Trans Balkan Pipeline BV, plans to buy two tankers for up to 200 million euro ($292.5 million) each, its board chairman said on Thursday. link

INTERVIEW – Bulgaria Hopes To Complete Talks on Navibulgar Sale by June – Priv Agency Head Feb 14, 2008, 13:41 CET | Interview | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) - Bulgaria’s asset-selling agency hopes by June to wrap up talks on the sale of a 70% stake in its state-owned maritime shipping company Navibulgar, one of its top targets for the year, agency head Todor Nikolov said. link

Bulgarian National Bank - Monthly Balance Sheet of Issue Dept - Jan 2008 Feb 14, 2008, 14:07 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published the balance sheet of its issue department as of January 31, 2008. link

Bulgarian National Bank - Banking System Balance Sheets - Dec 2007 Feb 14, 2008, 14:11 CET | State Agencies Reports | SeeNews At the end of December the total assets in the banking system was BGN 59.1 billion. Inthe fourth quarter of the year a BGN 7.2 billion (13.8%) increase was reported, with a BGN 4.1 billion growth only in the last month of the year. Within a one-year horizon the banking sector assets increased by BGN 16.9 billion (40%). In the quarter under survey, the growth of the banking business was financed primarily with deposits and subordinated liabilities attracted in the system, and with the banks’ increased equity. The greatest increase in absolute terms was reported by loans and receivables (including financial leases) – BGN 5.9 billion, followed by cash and cash balances with central banks. The increase in the financial assets available for sale and in those reported at fair value through profit or loss, fully compensates for the decrease in the positions held for trading and held to maturity. The balance sheet consolidation that took place in two credit institutions in Novembre and the subsequent change in the largest banks group practically brought about no significant changes in the market shares held by different groups. At the end of December, the group of five leading credit institutions had a 56.5% share in the balance sheet total of the banking system, and Group 2 banks – a 38.6% share.The gross loans and advances reported a three-month long growth of 15% and came up to BGN 45.9 billion. More than half of the growth is accounted for by four credit institutions – three of Group 1 and one of Group 2. System-wide, the loans to enterprises, which have increased by BGN 3.2 billion, contributed most. Retail exposures mark a BGN 1.5 billion growth, and claims on credit institutions – a BGN 1.2 billion growth. Housing mortgage loans and consumer loans increased with similar amounts, however the quarterly growth rate of the first portfolio is higher. In the quarter, a decrease was reported in the classified exposures in absolute terms (BGN 4 m illion). This accounts for the improved share of classified loans advances of enterprises and retail exposures in the gross loan portfolio of corporate customers and natural persons up to 4.4%. At the same time, a review of the classification structure of loans indicates an increase in the share of the high-risk group („nonperforming loans”), both in the three-month and one-year horizon. As a whole the levels of bank stability indicators remain good. Financial liabilities measured at amortized cost (attracted funds) in the quarter increased at a higher rate than balance sheet assets. A BGN 6.6 billion growth is reported in the quarter, half of which is provided by non-residents (mainly credit institutions). The funds attracted from institutions other than credit ones increased as part of deposits and repurchase agreements, thus providing additional resource of BGN 2.3 billion. The participation of credit institutions amounts to BGN 1.9 billion and is formed by the increase in the deposits and long-term financing. The deposits of indivi duals and households increased by BGN 1.7 billion and at the end of December they had the second in importance share in the total amount of attracted funds in the system - 36.4%. In the period September – December, the balance sheet aggregate total capital increased by BGN 608 million. Six credit institutions increased their issued share capital, and two banks allocated additional premium reserve. Thus, on system level the share capital and premium reserve increased by BGN 315 million altogether. The current year income increased by BGN 289 million. In a year horizon the equity of the banking sector increased by BGN 1820 million (41.5%).The unaudited bank reports indicate that the 2007 profit of the banking system is BGN 1144 million – by BGN 336 million (41.6%) more than in 2006. In the last quarter of 2007, the capital position is influenced by the credit growth continuing throughout the period. Some banks reported a more significant reduction of excess capital. At the end of December the overall capital adequacy ratio of the banking stem is 13.8% (against 13.9% as of 30 September 2007), and the level is kept owing to a great extent to the increase in the instruments eligible as tier two capital.The liquidity in the banking sector at the year end remains good. link

Hungary’s OTP Bulgarian Unit 2007 After-Tax Profit Up 21% - Table Feb 14, 2008, 15:00 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) - Bulgaria’s DSK Group, owned by Hungarian banking group OTP, posted a preliminary after-tax profit of 26.5 billion Hungarian forints ($148.2 million/101.3 million euro) for last year, up 21% from the previous year on a rising loan portfolio, OTP’s financial statement showed on Thursday. link

Bulgaria’s 2007 Wine Output Falls 18% to 1.4 Mln Hl Feb 14, 2008, 15:14 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (Bulgaria) – Bulgaria’s wine output dropped 18% to 1.4 million hectolitres (hl) in 2007, the government in Sofia said on Thursday. link

Bulgarian NSI - Road Freight Transport Statistics - Q3 2007 Feb 14, 2008, 15:38 CET | State Agencies Reports | SeeNews TRANSPORT ACTIVITY ACCORDING TO TYPE OF JOURNEYS AND TYPE OF CARRIAGE link

CORRECTED - Hungary’s OTP Bulgarian Unit 2007 After-Tax Profit Up 21% - Table Feb 14, 2008, 15:41 CET | Story | SeeNews In Sofia story "Hungary’s OTP Bulgarian Unit 2007 After-Tax Profit Up 21% - Table" dated February 14, 2008, please read in the third paragraph "...significant profit improvement was realised at [its Slovak unit] OBS..." instead of "...significant profit improvement was realised at [its Slovenian unit] OBS..." (correcting the nationality of the subsidiary) link

Bulgaria’s Corpbank Raises Net Profit Forecast for 2008, 2009 Feb 14, 2008, 16:46 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) - Bulgaria’s Corporate Commercial Bank (Corpbank) has raised its net profit forecast for this year to 39.2 million levs ($29.2 million/20 million euro), up 69% from 2007, the bank said on Thursday. link

Bulgarian National Bank - Foreign Direct Investments - Jan-Nov 2007 Feb 14, 2008, 13:47 CET | State Agencies Reports | SeeNews According to preliminary data, the Foreign direct investment in Bulgaria for the period January – November 2007 amounted to EUR 5,050 million (17.7% of GDP) compared to EUR 3,864.7 million (15.4% of GDP) attracted in January – November 2006. link

Bulgarian National Bank - Macroeconomic Indicators - Feb 6, 2008 Feb 14, 2008, 13:17 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published a statistical report on the country’s main macroeconomic indicators as of February 6, 2008. link

Bulgarian National Bank - Monthly Bulletin - September 2007 Feb 14, 2008, 14:16 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published its monthly bulletin for September 2007. link

Bulgarian National Bank - Economic Review - Issue 4, 2007 - Part I Feb 14, 2008, 14:30 CET | State Agencies Reports | SeeNews Summary link

Bulgarian National Bank - Economic Review - Issue 4, 2007 - Part II Feb 14, 2008, 14:32 CET | State Agencies Reports | SeeNews External Environment link

Bulgarian National Bank - Economic Review - Issue 4, 2007 - Part III Feb 14, 2008, 14:36 CET | State Agencies Reports | SeeNews Financial Flows, Money and Credit link

Bulgarian National Bank - Economic Review - Issue 4, 2007 - Part IV Feb 14, 2008, 14:39 CET | State Agencies Reports | SeeNews Economic Activity link

Bulgarian National Bank - Economic Review - Issue 4, 2007 - Part V Feb 14, 2008, 14:41 CET | State Agencies Reports | SeeNews Inflation link

Bulgarian NSI - Bulgarian Key Indicators, Dec 2007 Feb 14, 2008, 15:05 CET | State Agencies Reports | SeeNews 1. Output link

Bulgarian NSI - Industrial Sales and Output Indices in 2007, Preliminary Feb 14, 2008, 15:08 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published preliminary data on industrial sales and industrial output indices for 2007. link

Bulgarian National Bank - Monthly Bulletin - October 2007 Feb 14, 2008, 16:16 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published its monthly bulletin for October 2007. link

Bulgarian National Bank - External Sector Indicators - Nov 2007 Feb 14, 2008, 13:19 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published a statistical report on external sector indicators for November 2007. link

Bulgarian National Bank - Balance of Payments - Jan-Nov 2007 Feb 14, 2008, 13:32 CET | State Agencies Reports | SeeNews Current AccountThe Current account for November 2007 was negative and amounted to EUR 746.4 million and the deficit increased by EUR 265.7 million compared to the same month in 2006 (deficit of EUR 480.7 million). The main factor for the increase of the current account deficit, compared to November 2006, was the higher (by EUR 217.9 million) trade deficit.The Current account deficit in the period January – November 2007 was EUR 5,291 million and increased by EUR 2,163.8 million compared to January – November 2006 (EUR 3,127.2 million). As a percent of GDP the deficit amounted to 18.5% and was higher by 6 p.p. compared to January – November 2006 (12.5% of GDP). The main factor for the increase of the current account deficit was the higher (by EUR 1,782.8 million) trade deficit, as well as the decrease of the balances of the items Current Transfers, net (by EUR 300.5 million) and Income, net (by EUR 172.9 million), while the contribution of the item Services, net was posi tive – EUR 92.3 million. The trade deficit for November 2007 (EUR 788.5 million) increased by 217.9 million compared to November 2006 (EUR 570.6 million). The deficit in November 2007 was the highest reported so far. Over the reporting period the trade balance was negative, amounting to EUR 6,572.1 million (23% of GDP) and the deficit increased by EUR 1782.8 million compared to January – November 2006 (a deficit of EUR 4,789.4 million, 19.1% of GDP). link

Bulgarian National Bank - Gross External Debt - Nov 2007 Feb 14, 2008, 13:55 CET | State Agencies Reports | SeeNews As of end-November 2007 gross external debt was EUR 26,248.1 million (91.8% of GDP) and increased by EUR 6,137.4 million (30.5%) against the end of 2006 (EUR 20,110.7 million, 80.1% of GDP). By end-November 2007 long-term liabilities amounted to EUR 17,676.6 million (67.3% of total debt), and short-term liabilities came to EUR 8,571.5 million (32.7% of total debt). link

Bulgarian NSI - Producer Price Indexes - Dec 2007 Feb 14, 2008, 15:10 CET | State Agencies Reports | SeeNews Bulgarian National Statistical Institute has released its report on producers price indexes for December 2007. link

Bulgarian NSI - Foreign Trade Turnover, Jan - Nov 2007, Preliminary Feb 14, 2008, 15:28 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published preliminary data on Bulgaria’s exports and imports for the period January to November 2006 and January to November 2007. link

Bulgarian National Bank - Government Securities Market, Oct - Dec 2007 Feb 14, 2008, 16:00 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published its quarterly report on the country’s main government securities market as of December 31, 2007. link

Bulgarian NSI - Foreign Trade Turnover, Jan - Dec 2007, Preliminary Feb 14, 2008, 16:01 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published preliminary data on Bulgaria’s exports and imports for the period January to December 2006 and January to December 2007. link

STS Finance - Daily Stock Exchange Report - Feb 12, 2008 Feb 14, 2008, 11:16 CET | Broker’s Report | SeeNews The trade was quite calm during the second day of the trading week, with most of the investors cautious in buying on the back ground of a lack of significant corporate and economic releases. link

Elana - Bulgaria Daily Report - Feb 13, 2008 Feb 14, 2008, 11:55 CET | Broker’s Report | SeeNews MARKET HIGHLIGHTSMost positions closed on the upside in thin investors’ interest. Industrial Holding Bulgaria (IHLBL: 7.94; +0.51%) was subject of large deals and set up 60% from the daily turnover. Industrial sector gained in tight range. Hydraulic Elements & Systems (HES: 22.81; +2.75%) outperformed but only 6 shares changed hands. This is representative for the cautious speculators as even Chimimport (CHIM: 11.13; +0.91%) couldn’t attracted the market attention. Devin (DEVIN: 6.04; -2.42%) also was subject of large package transaction, which pushed down the daily average price at the end of the session. link

FFBH - Bulgaria Morning Update - Feb 14, 2008 Feb 14, 2008, 12:02 CET | Broker’s Report | SeeNews MARKET WRAP-UPThe indices registered positive moves on Wednesday. The session was more than quiet as both the buyers and the sellers were far away from aggressive. Among the most interesting trades was one deal in Industrial Holding Bulgaria (IHLBL, BGN 7.92, +0.25%) where more than 600k shares changed hands at BGN 7.945. SOFIX closed at 1415.61 bps (+0.35%) after it received support from Chimimport (CHIM, BGN 11.08, +1.47%), which attracted the investor’s attention after the news that it had acquired a 6.93% stake in TatInvestBank-Kazan, Republic of Tatarstan. The equally weighted BGTR30 advanced 0.62% to 917.97 bps with the major moves coming from M+S Hydraulics (MCH, BGN 11.40, +3.64%), Petrol (PET, BGN 6.94, +2.80%) and Fazerles (FZLES, BGN 230.90, +2.62%). Vouchers continued to be traded in descent volumes and stayed in the BGN 0.44 – 0.45 range. link

Bulgarian National Bank - Money Market Review - Dec 2007 Feb 14, 2008, 13:14 CET | State Agencies Reports | SeeNews 1. MONEY MARKETIn December 2007 the interbank money market monthly volume declined and the deals totalled BGN 5281.0 million, BGN 99.1 million below the volume in November, due only to the fewer working days for the month. For comparison, the average daily money market volume in December was BGN 293.4 million against BGN 244.5 million in November, making a 20.0 per cent increase. The volume of unsecured deposit lending deals amounted to BGN 4874.4 million compared to BGN 5074.6 million in November (there were only unsecured depo deals in December). The repo deals volume grew to BGN 348.7 million compared with 252.1 in November. The total volume of outright transactions this month rose by 8.3 per cent as a result of a 3 times higher volume of EUR denominated government securities trading, and 4.6 per cent increase in BGN denominated government securities trading. link

Bulgarian Stocks Advance, Positive Mood Fragile Feb 14, 2008, 16:20 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) – Bulgarian stock indices rose on Thursday in thin turnover but the positive sentiment remained fragile, brokers said. link

Bulgaria Schedule of Events - Feb 14 - May 19 Feb 14, 2008, 08:59 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Bulgaria through May 19. New or amended entries are marked (*). link

Opposition Files No-Confidence Motion Against Bulgaria’s Socialist-led Cabinet - Radio Feb 14, 2008, 10:54 CET | Story | SeeNews SOFIA (Bulgaria), February 14 (SeeNews) - Bulgaria’s right-wing opposition on Thursday filed a no-confidence motion against the Socialist-led coalition government over corruption charges, the Bulgarian National Radio (BNR) said. link

* CROAZIA *

Erste Securities - Flash note: Agrokor Feb 14, 2008, 13:04 CET | Broker’s Report | SeeNews BC Partners to Buy Turkey’s Migros for $3.2 Billion – Bloomberg link

Croatian Food Concern Agrokor Fails to Buy Majority Stake in Turkey’s Migros Feb 14, 2008, 16:24 CET | Story | SeeNews ZAGREB (Croatia), February 14 (SeeNews) - Turkish industrial conglomerate Koc Holding sold its 50.8% stake in retailer Migros Turk to Moonlight, a company controlled by English private equity firm BC Partners, Croatian food concern Agrokor which has been competing for the stake said on Thursday. link

Croatian Govt Says To Seek To Keep National Rights in Redefining Shareholders’ Agreement for Oil, Gas Firm INA Feb 14, 2008, 18:03 CET | Story | SeeNews ZAGREB (Croatia), February 14 (SeeNews) – The Croatian government said on Thursday it will seek to protect national rights and interest when redefining its shareholder agreement for oil and gas company INA, after the government’s share in it fell below 50%. "We aim through a new shareholders’ agreement to protect national interest and rights of the government, respectively of the state, as current owner of 44% of its shares," Deputy Prime Minister Damir Polancec told a weekly cabinet meeting. link

Croatian Govt Slashes 2008 GDP Projection, Says To Borrow Abroad Feb 14, 2008, 17:53 CET | Story | SeeNews ZAGREB (Croatia), February 14 (SeeNews) – The Croatian government on Thursday drastically cut its economic growth projection for 2008 and said it will borrow on foreign markets this year to test the country’s credit rating abroad. link

Croatia 2007 Construction Projects’ Value Up 25.6% Feb 14, 2008, 12:30 CET | Story | SeeNews ZAGREB (Croatia), February 14 (SeeNews) - The value of construction projects covered by building permits issued in Croatia rose to 33.501 billion kuna ($6.74 billion/4.61 billion euro) last year from 26.683 billion kuna in 2006, the State Statistics Bureau said on Thursday. link

Croatian Govt Sees Budget Deficit at 2.4-2.5%/GDP in 2007, To Aim To Keep It Unchanged in 2008 Feb 14, 2008, 13:27 CET | Story | SeeNews ZAGREB (Croatia), February 14 (SeeNews) - Croatia’s government said on Thursday it sees the country’s budget deficit for last year at 2.4-2.5% of the projected gross domestic product (GDP), below its target of 2.6%, and will aim to keep it unchanged in 2008. link

Croatia’s Central Govt Budget Has 3.611Bln Kuna (497 Mln Euro) Surplus in Jan-Oct Feb 14, 2008, 17:52 CET | Story | SeeNews ZAGREB (Croatia), February 14 (SeeNews) - Croatia’s central government ran a budget surplus of 3.611 billion kuna ($725million/497 million euro) in the first 10 months of 2007, Finance Ministry data showed on Thursday. link

FIMA Stock Monitor - Daily - Feb 13, 2008 Feb 14, 2008, 11:38 CET | Broker’s Report | SeeNews Daily comment:Even though Croatian capital market opened in black increasing over 2% in first hour of trading, bullish optimism suddenly disappeared around midsession and popular benchmark started to slump to eventually end 2,5% in red. Stock turnover totaled HRK 219 million. Industrial concern Djuro Djakovic holding (DDJH-R-A) recorded the biggest increase among millionaires soaring 2,6%. One of the major opportunities for this company apropos one of its daughter companies, DjDj Specijalna vozila, is the long term plan for development of Croatian armed forces. Under this plan the Government plans to spend some HRK 15 billion in 2006 – 2015 period. Croatia aims to rise defense spending to 2.0% of the gross domestic product by 2010 from 1.79% in 2005 to meet NATO membership requirements. Despite recent growth of BDI, Pula based shipping company Uljanik plovidba (ULPL-R-A) fell by 2,4%. TTM P/E ratio for this stock currently stands at 4,6. Although Uljanik plovidba made recap italization recently, the recapitalization risk is still present because of unfavorable indebtedness ratios. Further fleet increase plans also gives support for such corporate action, since Co increased its longterm debt during last year for 52,2%. Other shipping companies also experienced a decrease in price with Atlantska plovdba (ATPL-R-A) falling 4% on HRK 22,5 million turnover, and Jadroplov (JDPL-R-A) sinking 5,2% on HRK 2,7 million turnover. link

Erste Securities - Croatian Equity Daily - Feb 14, 2008 Feb 14, 2008, 11:48 CET | Broker’s Report | SeeNews Highlights: link

Slide in Croatian Shares Continues, Turnover Shrinks Feb 14, 2008, 18:44 CET | Story | SeeNews ZAGREB (Croatia), February 14 (SeeNews) - Croatian share indices fell for a second day in a row on Thursday as turnovers declined while investors focused on shares of subsdiaries of food concern Agrokor which lost a tender to buy Turkish retailer Migros, brokers said. link

Croatia Schedule of Events – Feb 14 – May 17 Feb 14, 2008, 09:17 CET | Story | SeeNews ZAGREB (Croatia), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through May 17. New or amended entries are marked (*). link

* MACEDONIA *

Macedonia Schedule of Events - Feb 14 - Nov 28 Feb 14, 2008, 10:55 CET | Story | SeeNews SKOPJE (Macedonia), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to Macedonia through November 28. link

* MOLDOVA *

Moldova’s Mobile Phone Operators Raise Sales by 26% in 2007 Feb 14, 2008, 11:21 CET | Story | SeeNews CHISINAU (Moldova), February 14 (SeeNews) - Sales of Moldova’s wireless phone operators rose by 26% last year to 2.38 billion lei ($212 million/145 million euro), the country’s telecoms regulator, ANRTI, said on Thursday. link

MOLDOVA’S C/A DEFICIT ALMOST DOUBLES TO $667.91 MLN IN 2007 – C-BANK Feb 14, 2008, 11:25 CET | Alert | SeeNews link

Moldova’s C/A Gap Almost Doubles to $667.91 Mln in 2007 - Table Feb 14, 2008, 11:48 CET | Story | SeeNews CHISINAU (Moldova), February 14 (SeeNews) - Moldova’s current account deficit almost doubled last year to a preliminary $667.91 million (456.9 million euro), data from the country’s central bank, BNM, indicated on Thursday. link

UPDATE 1 - Moldova’s C/A Gap Almost Doubles to $667.91 Mln in 2007 Feb 14, 2008, 12:56 CET | Story | SeeNews (adds central bank comments, background) link

Moldova Schedule of Events - Feb 14 - May 15 Feb 14, 2008, 10:38 CET | Story | SeeNews CHISINAU (Moldova), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to Moldova through May 15. New or amended entries are marked (*) link

* MONTENEGRO *

Montenegro’s Mobile Phone Penetration Rate Rises to 174.6% in January Feb 14, 2008, 14:30 CET | Story | SeeNews PODGORICA (Montenegro), February 14 (SeeNews) - Montenegro’s mobile phone penetration rate rose to 174.6% at the end of January from 169% a month earlier, the country’s telecommunications regulator said on Thursday. link

Montenegro’s Top Bank CKB, Unit of Hungary’s OTP, Posts 2.2 Bln Forints (8.6 Mln Euro) After Tax Profit in 2007 Feb 14, 2008, 18:28 CET | Story | SeeNews PODGORICA (Montenegro), February 14 (SeeNews) - Montenegro’s largest bank by assets CKB, owned by Hungary’s OTP Bank, had an after tax profit of 2.243 billion Hungarian forints ($12.5 million/8.6 million euro) in 2007, preliminary data from the Hungarian bank showed on Thursday. link

Montenegro Schedule of Events - Feb 14 - April 8 Feb 14, 2008, 09:32 CET | Story | SeeNews PODGORICA (Montenegro), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Montenegro through April 8. New or amended entries are marked (*). link

* ROMANIA *

ROMANIAN IMPACT DEVELOPER & CONTRACTOR ’07 PRELIM NET PROFIT RISES TO 259.2 MLN LEI (71.3 MLN EURO) FROM 18.3 MLN LEI IN ’06 Feb 14, 2008, 09:09 CET | Alert | SeeNews link

Romania’s Impact Developer & Contractor ’07 Prelim Net Profit Jumps to 259.2 Mln Lei (71.3 Mln Euro) Feb 14, 2008, 09:42 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romanian real estate company Impact Developer & Contractor on Thursday said its 2007 preliminary net profit rose to 259.2 million lei ($104.2 million/71.3 million euro) from 18.3 million lei a year earlier as revenue grew sharply. link

Raiffeisen Capital & Investment - Company News -SIF Transilvania and Cocor SA, Feb 13, 2008 Feb 14, 2008, 11:27 CET | Broker’s Report | SeeNews SIF Transilvania and Cocor SA to start negations concerning their legal dispute link

Spain’s Iberdrola Renewables Signs Deal To Buy 50 Wind Projects in Romania Feb 14, 2008, 12:46 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Spain’s Iberdrola Renewables has said it signed a deal to buy 50 wind projects totalling around 1,600 megawatts (MW) in southeastern Romania for a total price of between 200 and 300 million euro ($292 million-$439 million), depending on the sites eventually acquired. link

Romanian IT&C Genesys Distributie Sees ’08 Turnover Up 40% to 21 Mln Euro Feb 14, 2008, 13:16 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romanian IT&C products distributor Genesys Distributie said on Thursday it expects its 2008 turnover to rise to 21 million euro ($30.7 million) from 15 million euro last year. link

Volksbank Romania Sees 2008 Gross Profit Rising 47% to 36 Mln Euro Feb 14, 2008, 13:34 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - The Romanian unit of Austria’s Volksbank International on Thursday said it sees its 2008 gross profit rising to 36 million euro ($52.6 million) from 24.5 million in 2007. link

ROMANIAN POWER GRID OPERATOR TRANSELECTRICA SAYS ’07 PRELIM NET PROFIT FALLS 82% TO 50.35 MLN LEI (13.8 MLN EURO) Feb 14, 2008, 14:21 CET | Alert | SeeNews link

Romanian Aluminium Products Maker Altur Swings to Slim Profit in 2007 - Table Feb 14, 2008, 14:37 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romanian aluminium products manufacturer Altur on Thursday reported a preliminary net profit of 573,600 lei ($230,700/157,800 euro) in 2007, compared to a loss of 4.2 million lei in the previous year. link

Romanian Power Grid Operator Transelectrica ’07 Prelim Net Profit Falls 82% to 50.35 Mln Lei (13.8 Mln Euro) - Table Feb 14, 2008, 14:48 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romanian power grid operator Transelectrica said on Thursday its preliminary net profit fell to 50.35 million lei ($20.2 million/13.8 million euro) last year from 277.26 million lei in 2006 . link

Hungary’s OTP Bank Romanian Unit Sees Slight Increase in Prelim Net Loss Last Year Feb 14, 2008, 15:19 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Hungary’s OTP Bank said on Thursday its Romanian unit has slightly widened its 2007 loss to a preliminary 2.827 billion forints ($15.8 million/10.82 million euro) from a loss of 2.784 billion forints a year earlier. link

Romania’s Rompetrol Well Services 2007 Prelim Net Profit Nearly Doubles to 19.4 Mln Lei (5.3 Mln Euro) - Table Feb 14, 2008, 15:36 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romania’s Rompetrol Well Services said on Thursday its 2007 net profit nearly doubled to a preliminary 19.416 million lei ($7.76 million/5.32 million euro) as revenue and turnover increased sharply. link

UPDATE 1 - Hungary’s OTP Bank Romanian Unit Sees Slight Increase in Prelim Net Loss Last Year Feb 14, 2008, 16:04 CET | Story | SeeNews (adds details, background, table) link

Romania’s Orsova Shipyard 2007 Prelim Net Profit Rises 4.5% to 7.03 Mln Lei (1.9 Mln Euro), Slightly Below Target Feb 14, 2008, 16:20 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romanian shipyard Santierul Naval Orsova (SNO) on Thursday reported a preliminary net profit of 7.03 million lei ($2.08 million/1.9 million euro) last year, up from 6.73 million lei in 2006, but slightly below earlier forecasts. link

ROMANIA’S ROMPETROL RAFINARE SAYS ’07 NET LOSS RISES TO 219.577 MLN LEI (60.3 MLN EURO) FROM 45.955 MLN LEI LOSS IN ’06 Feb 14, 2008, 16:38 CET | Alert | SeeNews link

Romania’s Rompetrol Rafinare ’07 Prelim Net Loss Rises Nearly Five Times Feb 14, 2008, 17:14 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Rompetrol Rafinare (RRC), the refining unit of Romania’s second-largest oil group Rompetrol, said on Thursday its preliminary net loss rose to 219.577 million lei ($88.12 million/60.29 million euro) last year, compared to a loss of almost 46 million lei in 2006. link

Romanian Paper/Cardboard Maker Vrancart Prelim 2007 Net Profit Up 8.0% - Table Feb 14, 2008, 17:44 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romanian paper and cardboard producer Vrancart on Thursday reported a preliminary net profit of 5.68 million lei ($2.3 million/1.6 million euro) for 2007, up from 5.26 million a year earlier, as turnover rose. link

UPDATE 1 - Romania’s Rompetrol Rafinare ’07 Prelim Net Loss Rises Nearly Five Times Feb 14, 2008, 17:58 CET | Story | SeeNews (adds details) link

UPDATE 1 - Romanian Power Grid Operator Transelectrica ’07 Prelim Net Profit Falls 82% to 50.35 Mln Lei (13.8 Mln Euro) Feb 14, 2008, 18:20 CET | Story | SeeNews (adds CEO comment) link

ROMANIA’S 2007 C/A GAP WIDENS TO 16.872 BLN EURO FROM 10.156 BLN EURO IN 2006 - C-BANK Feb 14, 2008, 12:13 CET | Alert | SeeNews link

ROMANIA’S FOREIGN DEBT RISES TO 36.728 BLN EURO AT END-2007 FROM 28.628 BLN YR-AGO - C-BANK Feb 14, 2008, 12:13 CET | Alert | SeeNews link

Romania’s 2007 C/A Deficit Up 66.1% to 16.872 Bln Euro - Table Feb 14, 2008, 12:16 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romania’s current account deficit for last year rose by 66.1% to 16.872 billion euro ($24.7 billion) due to a widening trade gap, the country’s central bank said on Thursday. link

Romania’s Foreign Debt Rises to 36.728 Bln Euro at End-2007 - Table Feb 14, 2008, 12:45 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romania’s long- and medium-term foreign debt totalled 36.728 billion euro ($53.7 billion) at the end of 2007, up by a net 1.208 billion euro, or 28.3%, from the end of 2006, the country’s central bank said on Thursday. link

ROMANIA’S 2007 FDI AT 7.069 BLN EURO - C-BANK Feb 14, 2008, 12:56 CET | Alert | SeeNews link

UPDATE 1 - Romania’s 2007 C/A Deficit Up 66.1% to 16.872 Bln Euro, 42% Covered by FDI Feb 14, 2008, 13:14 CET | Story | SeeNews (adds details, background) link

UPDATE 2 - Romania’s 2007 C/A Deficit Up 66.1% to 16.872 Bln Euro, 42% Covered by FDI Feb 14, 2008, 17:00 CET | Story | SeeNews (adds analyst comments) link

Austria’s Erste Bank Shares Gain 1.73% in First Hour of Trading Feb 14, 2008, 10:48 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Shares in Austria’s Erste Bank, the majority owner of Romania’s largest bank by assets Banca Comerciala Romana (BCR), traded 1.73% higher an hour after their debut on the Bucharest Stock Exchange (BVB) on Thursday. link

Ieba Trust - Romanian Market Daily - Feb 13, 2008 Feb 14, 2008, 11:42 CET | Broker’s Report | SeeNews Tomorrow, Erste Bank starts trading on BSE link

Raiffeisen Capital & Investment - Investment Daily Romania - Feb 14, 2008 Feb 14, 2008, 11:53 CET | Broker’s Report | SeeNews HighlightsErste Bank start trading - Erste Bank (EBS) shares will start trading today on the Bucharest Stock Exchange. The reference price was set at RON 139.1 per share, based on yesterday’s closing price of Erste shares on the Vienna Stock Exchange of EUR 38.27. link

Romanian Bourse Rises in Thin Volumes, Erste Shares Up Nearly 2.0% in First Day of Trading Feb 14, 2008, 16:47 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romanian share indices gained on Thursday amid very low turnover, while shares in Austria’s Erste Bank added nearly two percent in their first day of trading on the Bucharest bourse, brokers said. link

Romania Schedule of Events - Feb 14 - May 17 Feb 14, 2008, 09:11 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through May 17. New or amended entries are marked (*). link

Romanian Leu Ends Unchanged vs Euro, Unaffected by C/A Gap Data Feb 14, 2008, 16:39 CET | Story | SeeNews BUCHAREST (Romania), February 14 (SeeNews) - Romania’s leu ended flat against the euro on Thursday, unaffected by current account deficit data issued earlier in the day, dealers said. link

* SERBIA *

Retail Rental Rates in Serbia Seen Slightly Up in 2008 - Colliers Intl Feb 14, 2008, 12:39 CET | Story | SeeNews BELGRADE (Serbia), February 14 (SeeNews) - Retail rental rates in Serbia are expected to remain stable or to slightly increase in high street locations in 2008, as a number of big-box developments is in the pipeline, an international real estate consultancy said on Thursday. link

Final Results Give 50.31% Win to Tadic in Serbia’s Presidential Run-off Vote - Electoral Commission Feb 14, 2008, 12:52 CET | Story | SeeNews BELGRADE (Serbia), February 14 (SeeNews) - Serbia’s President Boris Tadic won a second term of office with 50.31% of the valid ballots cast in a run-off vote, final results of the state electoral commission showed on Thursday. link

Slovenian Retailer Merkator To Open 25 Mln Euro Shopping Centre in Serbia in March Feb 14, 2008, 15:08 CET | Story | SeeNews NIS (Serbia), February 14 (SeeNews) – Slovenian retailer Merkator said on Thursday it will open a 25 million euro ($37 million) shopping centre in the eastern Serbian town of Nis on March 6, its fourth mall in the country. link

CORRECTED - Slovenian Retailer Mercator To Open 25 Mln Euro Shopping Centre in Serbia in March Feb 14, 2008, 16:00 CET | Story | SeeNews In NIS story "Slovenian Retailer Mercator To Open 25 Mln Euro Shopping Centre in Serbia in March" dated February 14, 2008, please read the company name “Mercator" instead of "Merkator" throughout the text and in the headline (corrects spelling). link

OTP Bank’s Serbian Unit Posts 621 Mln Forints (2.4 Mln Euro) 2007 After-tax Profit - Table Feb 14, 2008, 17:41 CET | Story | SeeNews BELGRADE (Serbia), February 14 (SeeNews) - Hungary’s OTP Bank said on Thursday its Serbian unit had a preliminary after-tax profit of 621 million Hungarian forints ($3.5 million/2.4 million euro) in 2007. link

Vojvodjanska Banka - Daily Vobnews - Feb 14, 2008 Feb 14, 2008, 11:57 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for February 14, 2008 containing the following charts and tables: link

Serbian Shares End Lower as Politics Weigh Feb 14, 2008, 17:19 CET | Story | SeeNews BELGRADE (Serbia), February 14 (SeeNews) - Belgrade Stock Exchange (BELEX) indices ended lower on Thursday as, in the absence of positive company news, the political uncertainty surrounding Serbia’s response to Kosovo’s pending independence kept investors away from the market, brokers said. link

Serbia Schedule of Events - Feb 14 - May 18 Feb 14, 2008, 09:17 CET | Story | SeeNews BELGRADE (Serbia), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through May 18. New or amended entries are marked (*). link

* SLOVENIA *

Slovenian Retailer Merkator To Open 25 Mln Euro Shopping Centre in Serbia in March Feb 14, 2008, 15:08 CET | Story | SeeNews NIS (Serbia), February 14 (SeeNews) – Slovenian retailer Merkator said on Thursday it will open a 25 million euro ($37 million) shopping centre in the eastern Serbian town of Nis on March 6, its fourth mall in the country. link

Belgium’s KBC to Withdraw from Slovenia’s Top Bank NLB - TV Feb 14, 2008, 17:25 CET | Story | SeeNews LJUBLJANA (Slovenia), February 14 (SeeNews) - Belgian banking group KBC is in talks with Slovenia to withdraw from the country’s largest bank by assets, Nova Ljubljanska Banka (NLB), TV Slovenija broadcaster reported on Thursday. link

Slovenia’s Top Bank NLB Raises 2007 Prelim Group Pre-tax Profit by 20% Feb 14, 2008, 18:43 CET | Story | SeeNews LJUBLJANA (Slovenia), February 14 (SeeNews) - Slovenia’s largest bank by assets, Nova Ljubljanska Banka (NLB), on Thursday reported a preliminary group pre-tax profit of 184.9 million euro ($270.34 million) for 2007, up 20% from a year earlier. link

Slovenia To Buy Back Four Old Bonds at Auction on Feb 21 Feb 14, 2008, 18:47 CET | Story | SeeNews LJUBLJANA (Slovenia), February 14 (SeeNews) - Slovenia will buy back four old bonds at an auction on February 21 as part of its programme for financing the government budget, the Finance Ministry said on Thursday. link

Slovenia Schedule of Events - Feb 14-May 15 Feb 14, 2008, 10:39 CET | Story | SeeNews LJUBLJANA (Slovenia), February 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Slovenia through May 15. New or amended entries are marked (*). link

Nostre raccomandazioni finali:

AIIDATA