Centro Studi Europa dell’Est - notiziario del 29.01.2008 - powered by www.seenews.com

NOTIZIARIO DEL 29.01.2008

* ALBANIA *

Albania’s Eagle Mobile To Launch Services on March 13 Jan 29, 2008, 15:11 CET | Story | SeeNews TIRANA (Albania), January 29 (SeeNews) - Albania’s third wireles operator, Eagle Mobile, will launch services on March 13, it said on Tuesday. http://seenews.com/news/latestnews/albania___sthirdmobileoperatoreaglemobilelaunchesservicesonmarch13-144441

* BOSNIA *

Bosnian Builder Integral Inzenjering Launches Buyout Bid for Local Peer Jedinstvo GP Jan 29, 2008, 11:10 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), January 29 (SeeNews) – Bosnian construction company Integral Inzenjering has launched a buyout bid for local peer Jedinstvo GP, in which it is the largest single shareholder with a stake of 44.81%, Integral Inzenjering said. http://seenews.com/news/latestnews/bosnianbuilderintegralinzenjeringlaunchestakeoverbidforsmallerpeergp-103005

Bosnian Insurer VGT Launches Buyout Bid for 33% of Forwarding Firm Intersped Jan 29, 2008, 15:13 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 29 (SeeNews) – Bosnian insurer VGT Osiguranje has launched a buyout bid for the 33.03% stake in local forwarding company Intersped it does not own yet, VGT said. http://seenews.com/news/latestnews/bosnianinsurervgtlaunchesbuyoutbidforforwardingfirminersped-143104

Bosnia’s Serb Republic, Norway’s Statkraft in Hydropower Plants Deal Jan 29, 2008, 15:52 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), January 29 (SeeNews) – Bosnia’s Serb Republic said on Tuesday it has agreed with Norway’s state-owned energy firm Statkraft the construction of four hydropower plants on the river Vrbas, in northwestern Bosnia. http://seenews.com/news/latestnews/bosnia_sserbrepublic_norway_sstatkraftinhydropowerplantsdeal-154252

Bosnia Schedule of Events – Jan 29 - May 9 Jan 29, 2008, 09:57 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 29 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through May 9. New or amended entries are marked (*). http://seenews.com/news/latestnews/bosniascheduleofevents___jan29-may9-092952 Bosnian Builder Integral Inzenjering Launches Buyout Bid for Local Peer Jedinstvo GP Jan 29, 2008, 11:10 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), January 29 (SeeNews) – Bosnian construction company Integral Inzenjering has launched a buyout bid for local peer Jedinstvo GP, in which it is the largest single shareholder with a stake of 44.81%, Integral Inzenjering said. http://seenews.com/news/latestnews/bosnianbuilderintegralinzenjeringlaunchestakeoverbidforsmallerpeergp-103005

Bosnian Insurer VGT Launches Buyout Bid for 33% of Forwarding Firm Intersped Jan 29, 2008, 15:13 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 29 (SeeNews) – Bosnian insurer VGT Osiguranje has launched a buyout bid for the 33.03% stake in local forwarding company Intersped it does not own yet, VGT said. http://seenews.com/news/latestnews/bosnianinsurervgtlaunchesbuyoutbidforforwardingfirminersped-143104

Bosnia’s Serb Republic, Norway’s Statkraft in Hydropower Plants Deal Jan 29, 2008, 15:52 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), January 29 (SeeNews) – Bosnia’s Serb Republic said on Tuesday it has agreed with Norway’s state-owned energy firm Statkraft the construction of four hydropower plants on the river Vrbas, in northwestern Bosnia. http://seenews.com/news/latestnews/bosnia_sserbrepublic_norway_sstatkraftinhydropowerplantsdeal-154252

Bosnia Schedule of Events – Jan 29 - May 9 Jan 29, 2008, 09:57 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 29 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through May 9. New or amended entries are marked (*). http://seenews.com/news/latestnews/bosniascheduleofevents___jan29-may9-092952

* BULGARIA *

Bulgaria’s Inflation To Slow in 2008, Will not Exceed 5.0% - Think-Tank Jan 28, 2008, 18:59 CET | Story | SeeNews January 28 (SeeNews) - Bulgaria’s end-year inflation will slow down this year and will not exceed 5.0%, as the prices of services in the country will continue to grow faster than in the eurozone, Sofia-based think-tank Industry Watch said on Monday. http://seenews.com/news/latestnews/bulgaria___s2008inflationnottoexceed5_0_-thinktank-182453

BSE - Daily Bulletin, Selected Announcements - Jan 28, 2008 Jan 29, 2008, 08:56 CET | Specialists Reports | SeeNews HD Dunav AD-Vratsa, BSE code - HDD, has notified BSE-Sofia that as of 31.12.2007 the company has realised a preliminary profit on amount of BGN 11,000. http://seenews.com/news/latestnews/bse-dailybulletin_selectedannouncements-jan28_2008-085428

National Bank of Greece’s Bulgarian Unit 2007 Net Profit Up 29.7%, Above Forecasts - Table Jan 29, 2008, 11:05 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - The United Bulgarian Bank (UBB), majority-owned by the National Bank of Greece, on Tuesday reported a 29.7% rise in last year’s net profit to 184.9 million levs ($139.7 million/94.6 million euro), exceeding previous forecasts. http://seenews.com/news/latestnews/nationalbankofgreece_sbulgarianunit2007netprofitrises29_7__aboveforecasts-102521

Dutch Insurer Eureko’s Bulgarian Unit Sees 30% Rise in 2008 Premium Income Jan 29, 2008, 11:42 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - General insurer Interamerican Bulgaria, part of Dutch-based group Eureko, plans to increase its premium income by at least 30% this year from the preliminary 14 million levs ($10.6 million/7.2 million euro) it expects for last year, Interamerican Bulgaria executive director said on Tuesday. http://seenews.com/news/latestnews/dutchinsurereurekobulgarianunitsees30_risein_08premiumincome-110919

IBM Bulgaria Appoints New General Manager Jan 29, 2008, 12:02 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - The Bulgarian branch of U.S. computer giant IBM has appointed Alexander Rakov as new general manager replacing George Randelov, the company said on Tuesday. http://seenews.com/news/latestnews/ibmbulgariaappointsnewgeneralmanager-114006

BULGARIAN CHEMICAL FERTILISERS MAKER NEOCHIM SAYS 2007 NET PROFIT DOWN 15% TO 3.1 MLN LEVS (1.6 MLN EURO) Jan 29, 2008, 12:44 CET | Alert | SeeNews http://seenews.com/news/latestnews/bulgarianchemicalfertilisersmakerneochimsays2007netprofitdown15_to3_1mln-124332

Bulgaria’s Neochim 2007 Net Profit Down 15% - Table Jan 29, 2008, 13:00 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Bulgarian blue-chip chemical fertilisers manufacturer Neochim on Tuesday said its 2007 net profit fell 15% to 3.1 million levs ($2.3 million/1.6 million euro) as costs rose a little faster than total revenue. http://seenews.com/news/latestnews/bulgaria_sneochim2007netprofitdown15_-table-125649

Bulgaria’s Corpbank Posts Higher-than-Expected 2007 Net Profit - Table Jan 29, 2008, 14:30 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Bulgaria’s Corporate Commercial Bank (Corpbank) on Tuesday posted a higher-than-expected net profit of 23.2 million levs ($17.5 million/11.8 million euro) for 2007, up 3.5 times from a year earlier, as net interest income more than doubled. http://seenews.com/news/latestnews/bulgaria_scorpbankpostshigher-than-expected2007netprofit-table-140216

INTERVIEW - Bulgaria’s Investbank Targets 30% Annual Rise in Assets in Next Years Jan 29, 2008, 14:56 CET | Interview | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Bulgaria’s Investbank, which plans to list on the local stock market this spring, targets a 30% annual rise in assets over the next years to bolster its development, a senior company official said. http://seenews.com/news/latestnews/interview-bulgaria_sinvestbanktargets30_annualriseinassets-134628

Technological Solutions Provider Mellon Bulgaria Sees 2008 Sales Revenue 1.6 Times Higher Jan 29, 2008, 15:10 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Technological solutions provider Mellon Bulgaria, part of Greece’s Mellon Technologies, expects its sales revenue to reach more than 4.0 million euro ($5.9 million) in 2008, 1.6 times higher than the preliminary 2007 figure, Mellon Bulgaria’s executive director said on Tuesday. http://seenews.com/news/latestnews/technologicalsolutionsprovidermellonbulgariasees2008salesrevenue1_6times-142911

Bulgarian Internet Media Company Investor.bg Mulls Expansion in Eastern Europe Jan 29, 2008, 15:21 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) – Bulgarian Internet media company Investor.bg plans to expand to countries in eastern Europe, the company’s executive director said on Tuesday. http://seenews.com/news/latestnews/bulgarianinternetmediacompanyinvestor_bgmullsexpansionineasteurope-135517

Bulgaria’s Municipal Bank Quadruples Pre-Tax Profit in 2007 Jan 29, 2008, 15:26 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Bulgaria’s Municipal Bank quardrupled its pre-tax profit to slightly over 15 million levs ($11.4 million/7.7 million euro) last year, as loan portfolio increased by a quarter, a senior bank official said on Tuesday. http://seenews.com/news/latestnews/_hold_corpbank-112940

Bulgaria’s Online Ad Mkt Growth Seen Slowing in 2008 Jan 29, 2008, 16:22 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) – Bulgaria’s Internet advertising market is expected to slow its growth to 50% in 2008 from 60% in 2007, a local web media company said on Tuesday. http://seenews.com/news/latestnews/bulgaria___sonlineadmktseentoslowgrowthto50_in2008from60_in2007-155844

INTERVIEW - Slovenian Insurer KD Life Sees Break Even in Bulgaria, Romania within Five Years, Eyes Serbia Jan 29, 2008, 16:52 CET | Interview | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Slovenian life insurance company KD Life sees a break even point within five years on two of its newest markets, Bulgaria and Romania, backed by expectations of their fast growth, a senior company official said. http://seenews.com/news/latestnews/interview-sloveniainsurerkdlifeseesbreakeveninbulgaria_romaniawithinfive-183905

Bulgarian Hardboard Maker Fazerles 2007 Net Profit More than Doubles, Exceeds Forecast - Table Jan 29, 2008, 16:59 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Bulgarian hardboard maker Fazerles said on Tuesday it more than doubled its net profit to 6.0 million levs ($4.5 million/3.1 million euro) last year, exceeding forecasts, as sales revenue rose 32%. http://seenews.com/news/latestnews/bulgarianhardboardmakerfazerles2007netprofitmorethandoubles_exceeds-table-162416

Bulgarian Maritime Shipping Company Navibulgar 2007 Net Profit Jumps 87% - Transport Ministry Jan 29, 2008, 17:04 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Bulgarian state-owned maritime shipping company Navibulgar, slated for privatisation, had a preliminary net profit of 35.2 million levs ($26.4 million/17.9 million euro) in 2007, up 87%, the Transport Ministry said. http://seenews.com/news/latestnews/bulgarianmaritimeshippingconavibulgar2007netprofitup87_1_-transport-164253

Bulgarian Health Insurance Fund DOM-Zdrave To Float 20% at 1.54 Euro/Share, Sees 2008 Profit Up 20% Jan 29, 2008, 17:29 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Bulgaria’s voluntary health insurance fund DOM-Zdrave said on Tuesday it will offer 20% of its share capital in its planned initial public offering at a minimum issue price of 3.0 levs ($2.27/1.54 euro) per share. http://seenews.com/news/latestnews/bulgarianhealthinsurancefunddom-zdravetofloat20_onsofiabourseat1_54seesin-155700

Bulgarian Airports, Ports Net Profit Falls in 2007 – Transport Ministry Jan 29, 2008, 17:55 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) – The net profit of Bulgarian airports and ports in 2007 was lower than a year earlier, the Transport Ministry said. http://seenews.com/news/latestnews/bulgarianairports_portsnetprofitfallsin2007___transportministry-173009

Bulgarian Ship Repairer Odessos 2007 Net Profit Up 23.5% Jan 29, 2008, 17:59 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) – Bulgarian ship repairer Odessos said on Tuesday its net profit rose by 23.5% to 8.952 million levs ($6.76 million/4.58 million euro) in 2007, as sales grew by 16.8% compared with unaudited data for 2006. http://seenews.com/news/latestnews/bulgarianshiprepairerodessos2007netprofitup23_5_y_y-173537

Bulgarian Power Tools Manufacturer Sparky Eltos 2007 Net Profit Rises 10 Times – Table Jan 29, 2008, 18:26 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Bulgarian power tools manufacturer Sparky Eltos on Tuesday said its preliminary 2007 net profit was 9.3 million levs ($7.0 million/4.7 million euro), 10 times higher than a year earlier in line with earlier forecasts, as sales grew nearly 40%. http://seenews.com/news/latestnews/bulgarianpowertoolsmakersparkyeltos2007netprofitrises10times___table-180150

Bulgarian Business Mood Remains Positive in January Jan 28, 2008, 19:06 CET | Story | SeeNews SOFIA (Bulgaria), January 28 (SeeNews) - Business mood in Bulgaria remained positive in January, as the business sentiment index stayed unchanged from the previous month, the National Statistics Institute (NSI) said on Monday. http://seenews.com/news/latestnews/bulgarianbusinesssentimentremainsunchangedinjanuary-172632

Bulgaria’s Commodity Exchanges More than Double Turnover to 290.4 Mln Euro in 2007 Jan 28, 2008, 19:22 CET | Story | SeeNews SOFIA (Bulgaria), January 28 (Bulgaria) – Bulgaria’s three licensed commodity exchanges reported combined turnover of 567.6 million levs ($429.4 million/290.4 million euro) for 2007, up from 220 million levs in 2006, the state-run commission in charge of commodity exchanges said on Monday. http://seenews.com/news/latestnews/bulgaria___scommodityexchangesmorethandoubledturnoverto290_4mlneuroin2007-174245

FFBH - Bulgaria Weekly Update - Jan 21 - 25, 2008 Jan 29, 2008, 09:31 CET | Broker’s Report | SeeNews MARKET WRAP-UPAnother negative week lowered SOFIXand wide BG40 down to 1 321.03 bps (-11.90%) and 392.09 bps (-10.30%) respectively. The sell pressures came mainly from investors that feared that the downward trend of the market will continue driven by the negative influence of foreign markets crash. However we must mention that the outlook for the Bulgarian economy remains still unchanged. Currently 2007 unconsolidated financial reports are to be released by the end of January and there are expectations for a good performance of the public companies. Top performer last week was Kremikovtzi (KREM) which price jumped by 26% WoW after an announcement that metallurgical plant may be sold in near future. http://seenews.com/news/latestnews/ffbh-bulgariaweeklyupdate-jan21-25_2008-092919

STS Finance - Daily Stock Exchange Report - Jan 28, 2008 Jan 29, 2008, 09:46 CET | Broker’s Report | SeeNews The leading Bulgarian indexes followed another lackluster session in the beginning of the new trading week. SOFIX dropped by nearly 30 points and finished the Monday session under 1400 as the decliners in the index run ahead of the advancers in a ratio 5:3. http://seenews.com/news/latestnews/stsfinance-dailystockexchangereport-jan28_2008-094227

Elana - Bulgaria Daily Report - Jan 28, 2008 Jan 29, 2008, 10:31 CET | Broker’s Report | SeeNews MARKET HIGHLIGHTSBulgarian stock marketcontinued the negative series and closed in the red. The volumes were thin as CB Economic & Investment Bank (BRIB: 110.34; 0.00%) set up 60% from the turnover. The other members of banking sector closed in different directions. Corporate Commercial Bank (CORP: 86.94; +2.51%) outperformed. Large cross deal supported the position. The level of BGN 25.00 provided support and Monbat (MONBAT: 25.15; +2.20%) gained in moderate volumes. Enemona (ENM: 17.50; +2.70%) also was boosted by investor’s interest.Shares from recent capital increase of Industrial Holding Bulgaria (IHLBL: 8.19; -3.76%) and Bulgarska Roza Sevtopolis (SEVTO: 2.60; -5.45%) will be listed for trading from January, 30. http://seenews.com/news/latestnews/elana-bulgariadailyreport-jan28_2008-102617

Bulgarian Stocks Slide Further in Lower Turnover Jan 29, 2008, 15:32 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) – Bulgarian stock indices ended lower for a second consecutive day in lower turnover, brokers said. http://seenews.com/news/latestnews/bulgarianstocksslidefurtherinlowerturnover-151546

Bulgaria Schedule of Events - Jan 29 - March 20 Jan 29, 2008, 08:57 CET | Story | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Bulgaria through March 20. New or amended entries are marked (*). http://seenews.com/news/latestnews/bulgariascheduleofevents-jan29-march20-083917

STS Finance - Daily FX Analysis - Jan 18, 2008 Jan 29, 2008, 09:53 CET | Broker’s Report | SeeNews Dollar went to consolidation http://seenews.com/news/latestnews/stsfinance-dailyfxanalysis-jan18_2008-095055

* CROAZIA *

Croatia’s Agram Sees 2008 Revenue Up 12% to 551 Mln Euro Jan 28, 2008, 18:46 CET | Story | SeeNews ZAGREB (Croatia), January 28 (SeeNews) - Croatian concern Agram, active in insurance, car dealership and car leasing services, said on Monday it expects its revenue to grow by 12% to 4.0 billion kuna ($814.3 million/550.7 million euro) in 2008. http://seenews.com/news/latestnews/croatia_sagram2007revenueup15_4_to491_6mlneuro-155857

Croatian Drug Maker Pliva Proposes to Pay Extraordinary Dividend of $17.19 Jan 29, 2008, 16:41 CET | Story | SeeNews ZAGREB (Croatia), January 29 (SeeNews) - Croatian drug maker Pliva on Tuesday proposed to pay an extraordinary dividend of $17.19 (11.64 euro) per share from retained profit for 2002. http://seenews.com/news/latestnews/croatiandrugmakerplivaproposestopayextraordinarydividendfromretained-152014

HPB Bank 2007 Net Profit Up 22%, Targets Higher 2008 Profit, Plans Q2 Capital Hike Jan 29, 2008, 17:16 CET | Story | SeeNews ZAGREB (Croatia), January 29 (SeeNews) - Croatian postal bank HPB on Tuesday reported a 22% rise in its 2007 net profit and unveiled plans for a capital hikeand a debt-for-equity swap at fixed-line operator H1. http://seenews.com/news/latestnews/croatianhpbbank2007netprofitup22__planscapitalhikeinq2_debt-to-equityswap-154756

Croatia Nov Net Salary Up Real 4.3% M/M - Table Jan 29, 2008, 10:26 CET | Story | SeeNews ZAGREB (Croatia), January 29 (SeeNews) - The average net monthly salary in Croatia was 5,131 kuna ($1043 /707 euro) in November, up by a real 4.3% from the previous month, the State Statistics Bureau said on Tuesday. http://seenews.com/news/latestnews/croatianovnetsalaryupreal4_3_m_m-table-101242

FIMA - Weekly Report - Jan 21 - 25, 2008 Jan 29, 2008, 09:13 CET | Broker’s Report | SeeNews Macroeconomics- Industrial production volume index – industrial production volume index increased by 1.4%, the lowest increase in 2007 http://seenews.com/news/latestnews/fima-weeklyreport-jan21-25_2008-090606

FIMA Stock Monitor - Daily - Jan 28, 2008 Jan 29, 2008, 10:07 CET | Broker’s Report | SeeNews Daily comment:The domestic stock market commenced a week in red and stayed there for the whole day. The CROBEX fell by 1,8% to 4.431,3 points. Today`s fell added to YTD loss of -15,4% and leveled out with March 2007. Current CROBEX RSI is at 27,9 points, indicating oversold level. The total turnover was low at HRK 84,6 million. Electric engineering holding company Koncar elektorinsdutrija (KOEIR- A) was the top volume issue. It collected a HRK 15 million in turnover, while its price fell by 3,1% to HRK 950. Declining BDI affected domestic shipping companies. Dubrovnik based Atlantska plovidba (ATPL-R-A) lost 2,7%, while Pula based Uljanik plovidba (ULPL-R-A) fell by 1,6%. Headline stating Belupo, pharmaceutical company owned by Podravka(PODR-R-A), started strategic partnership with Sarajevo based Farmavita did not help Podravka to close in black today, Podravka fell by 3,3% to HRK 469. Toys and apparel retailer Magma (MGMA-R-A) released its unaudited 2007 figures. Sales rose to HRK 807,3 million, below both pre IPO management`s guidance and close to our expectations. Pretax income totaled to HRK 52,9 million, up by 30%.With last price of HRK 266, Magma is currently traded in our target range. Among today`s rare good performers were stocks of the companies operating in tourism sector. Liburnia Riviera Hoteli (LRH-R-A) rose by 3,5%, HUP Zagreb (HUPZ-R-A) increased by 1,9% and Suncani Hvar (SUNH-R-A) gained 1,2%. http://seenews.com/news/latestnews/fimastockmonitor-daily-jan28_2008-100359

Erste Securities - Croatian Equity Daily - Jan 29, 2008 Jan 29, 2008, 10:59 CET | Broker’s Report | SeeNews Highlights: http://seenews.com/news/latestnews/erstesecurities-croatianequitydaily-jan29_2008-105518

Croatia Schedule of Events - Jan 29 - May 17 Jan 29, 2008, 09:33 CET | Story | SeeNews ZAGREB (Croatia), January 29 (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 (*). http://seenews.com/news/latestnews/croatiascheduleofevents-jan29-may17-092135

* MACEDONIA *

MACEDONIA’S DECEMBER INDUSTRIAL OUTPUT RISES 0.2% M/M, UP 2.6% Y/Y - STATS OFFICE Jan 29, 2008, 16:42 CET | Alert | SeeNews http://seenews.com/news/latestnews/macedonia_sdecemberindustrialoutputrises0_2_m_m_up2_6_y_y-statsoffice-163717

Macedonia’s December Industrial Output Rises 0.2% M/M, Up 2.6% Y/Y - Table Jan 29, 2008, 16:44 CET | Story | SeeNews SKOPJE (Macedonia), January 29 (SeeNews) - Macedonia’s December industrial output increased by 0.2% month-on-month after rising by a monthly 1.1% in November, the country’s Statistics Office said on Tuesday. http://seenews.com/news/latestnews/macedonia_sdecemberindustrialoutputrises0_2_m_m_up2_6_y_y-table-163816

Macedonia November Avg Net Salary Down Real 3.2% M/M - Table Jan 29, 2008, 17:11 CET | Story | SeeNews SKOPJE (Macedonia), January 29 (SeeNews) - Macedonia’s average net salary fell in November by a real 3.2% month-on-month to 15,320 denars ($364.2/246.7 euro), the Macedonian Statistics Office said on Tuesday. http://seenews.com/news/latestnews/macedonianovemberavgnetsalarydownreal3_2_m_m-table-170931

Macedonia Schedule of Events - Jan 29 - Nov 28 Jan 29, 2008, 11:27 CET | Story | SeeNews SKOPJE (Macedonia), January 29 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Macedonia through November 28. New or amended entries are marked (*). http://seenews.com/news/latestnews/macedoniascheduleofevents-jan29-nov28-105725

* MOLDOVA *

Moldova’s Universalbank Swings to Loss in 2007 - Table Jan 29, 2008, 11:36 CET | Story | SeeNews CHISINAU (Moldova), January 29 (SeeNews) - Moldova’s Universalbank swung to a 5.0 million lei ($444,400/301,000 euro) net loss last year from a 17 million lei net profit in 2006, the bank said on Tuesday. http://seenews.com/news/latestnews/moldova_suniversalbankswingstolossin2007-table-112020

Moldovan Savings Bank Banca de Economii Net Profit Up 33% in 2007 Jan 29, 2008, 15:37 CET | Story | SeeNews CHISINAU (Moldova), January 29 (SeeNews) - Moldovan savings bank Banca de Economii on Tuesday reported a 33% rise in net profit last year to 187.3 million lei ($16.6 million/11.3 million euro). http://seenews.com/news/latestnews/moldovansavingsbankbancadeeconomiinetprofitup33_in2007-152358

Moldova Dec Average Salary Rises 20% Y/Y to 2,630 Lei (158 Euro) - Table Jan 29, 2008, 10:12 CET | Story | SeeNews CHISINAU (Moldova), January 29 (SeeNews) - The average monthly salary in Moldova, one of Europe’s poorest nations, rose by an annual 20% in December to 2,630 lei ($234/158 euro), the country’s statistics bureau said on Tuesday. http://seenews.com/news/latestnews/moldovadecaveragesalaryrises20_y_yto2_630lei_158euro_-table-100358

Moldova Sells 53 Mln Lei (3.2 Mln Euro) in T-bills, Yields Fall Jan 29, 2008, 14:58 CET | Story | SeeNews CHISINAU (Moldova), January 29 (SeeNews) - The Moldovan central bank, BNM, sold 53 million lei ($4.7 million/3.2 million euro) in three Treasury bill issues as yields on all three fell, it said on Tuesday. http://seenews.com/news/latestnews/moldovasells53mlnlei_3_2mlneuro_int-bills_yieldsfall-145618

Moldova Schedule of Events - Jan 29 - Feb 27 Jan 29, 2008, 10:03 CET | Story | SeeNews CHISINAU (Moldova), January 29 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through February 27. New or amended entries are marked (*) http://seenews.com/news/latestnews/moldovascheduleofevents-jan29-feb27-094610

* ROMANIA *

Romanian Petrochemical Group Oltchim Turns to Preliminary Net Loss in 2007 - Table Jan 28, 2008, 18:52 CET | Story | SeeNews BUCHAREST (Romania), January 28 (SeeNews) - State-owned Romanian petrochemicals producer Oltchim on Monday reported a preliminary net loss of 78.5 million lei ($30.6 million/20.8 million euro) in 2007, after a net profit of 8.8 million lei a year earlier. http://seenews.com/news/latestnews/romanianpetrochemicalgroupoltchimturnstopreliminarynetlossin2007-table-181529

Romania’s Anti-Trust Body Approves Sale of Retailer Artima to Carrefour Jan 29, 2008, 10:46 CET | Story | SeeNews BUCHAREST (Romania), January 29 (SeeNews) - Romania’s competition regulator on Tuesday said it has approved the sale of Romanian retailer Artima to French Carrefour. http://seenews.com/news/latestnews/romania_santi-trustbodyapprovessaleofretailerartimatocarrefour-103005

Romania Sees 2008 Budget Deficit Below 3.0%/GDP, C/A Gap Stable from 2007 Jan 29, 2008, 15:03 CET | Story | SeeNews BUCHAREST (Romania), January 29 (SeeNews) - Romania’s budget deficit would remain below 3.0% of the projected gross domestic product (GDP) in 2008, while the country’s current account gap would not exceed the levels of 2007, the government said on Tuesday. http://seenews.com/news/latestnews/romaniasees2008budgetdeficitbelow3_0__gdp_c_agapstablefrom2007-144536

Romania’s Online Telecom-Shop.ro Sees 2008 Sales More than Doubling to 250,000 Euro Jan 29, 2008, 15:42 CET | Story | SeeNews BUCHAREST (Romania), January 29 (SeeNews) - Romanian online retailer Telecom-shop.ro plans to raise its sales to 250,000 euro ($369,100) this year from some 100,000 euro in 2007, it said on Tuesday. http://seenews.com/news/latestnews/romania_sonlinetelecom-shop_rosees2008salesat250_000euro-152719

Holcim Romania 2007 Preliminary Turnover Up 28% to 990 Mln Lei (265.6 Mln Euro) Jan 29, 2008, 16:40 CET | Story | SeeNews BUCHAREST (Romania), January 29 (SeeNews) - Holcim Romania, a unit of Swiss cement producer Holcim, on Tuesday reported a preliminary turnover of 990 million lei ($392 million/265.6 million euro) for last year, up 28% compared to 2006. http://seenews.com/news/latestnews/holcimromaniasays2007preliminaryturnoverup28_to990mlnlei_265_6mlneuro_-160650

INTERVIEW - Slovenian Insurer KD Life Sees Break Even in Bulgaria, Romania within Five Years, Eyes Serbia Jan 29, 2008, 16:52 CET | Interview | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Slovenian life insurance company KD Life sees a break even point within five years on two of its newest markets, Bulgaria and Romania, backed by expectations of their fast growth, a senior company official said. http://seenews.com/news/latestnews/interview-sloveniainsurerkdlifeseesbreakeveninbulgaria_romaniawithinfive-183905

ROMANIA’S 2008 C/A DEFICIT SEEN NOT RISING - FIN MIN Jan 29, 2008, 13:56 CET | Alert | SeeNews http://seenews.com/news/latestnews/romania_s2008c_adeficitseennotrising-finmin-135434

ROMANIA’S 2008 BUDGET DEFICIT WILL REMAIN BELOW 3.0% OF GDP - PM Jan 29, 2008, 14:03 CET | Alert | SeeNews http://seenews.com/news/latestnews/romania___s2008budgetdeficittoremainupto3_ofgdp-pm-135629

UPDATE 1 - Romania Sees 2008 Budget Deficit Below 3.0%/GDP, C/A Gap Stable from 2007 Jan 29, 2008, 18:18 CET | Story | SeeNews (adds details) http://seenews.com/news/latestnews/update1-romaniasees2008budgetdeficitbelow3_0__gdp_c_agapstablefrom2007-180431

Ieba Trust - Romanian Market Daily - Jan 28, 2008 Jan 29, 2008, 09:57 CET | Broker’s Report | SeeNews BET-FI below 65,000 units for the fifth time since the beginning of the year http://seenews.com/news/latestnews/iebatrust-romanianmarketdaily-jan28_2008-095546

Ieba Trust - Romanian Market Weekly - Jan 21 - 25, 2008 Jan 29, 2008, 10:21 CET | Broker’s Report | SeeNews 1A. Bucharest Stock Exchange Indicators http://seenews.com/news/latestnews/iebatrust-romanianmarketweekly-jan21-25_2008-101810

Raiffeisen Capital & Investment - Investment Daily Romania - Jan 29, 2008 Jan 29, 2008, 10:42 CET | Broker’s Report | SeeNews Trader’s CommentWith a total trading volume barely exceeding EUR 9.5 mn, Monday passes as the second weakest day of this year in terms of liquidity. Apart from the transactions at opening, which created a little excitement, nothing else worth mentioning happened. As it was expected, following the US and Asian markets decline and the negative start of the European exchanges on Monday, the local market began the week in red.BET lost 4.67%, the banking sector posting some of the largest losses as BRD dived 4.85% and TLV declined 5.37%. BET-FI started the week poorly as well, falling 3.46%, on transactions worth only EUR 4.1 mn.In the newsBanking sector net profit up 32% in 2007According to media release, in 2007, total net profit of the banking sector stood at EUR 825 mn, up 32% yoy. Total banking assets amounted to EUR 71 bn, from EUR 63 bn at the end of September and up almost 40% yoy. Almost 60% of the assets belong to the top five banks in the system. Total number of branche s reached 5,481, as 1,080 branches opened during 2007. At the end of December, 65,655 people were working in the sector, up with 7,565 from the end of 2006. The news confirms our expectations regarding two-digit growth rate in the net profit of both BRD-GSG and TLV over the fourth quarter.Turbomecanica - 2007 preliminary resultsChemicals producer Oltchim (OLT) released yesterday its 2007 preliminary results. The company reported a slow 1% yoy increase in turnover to RON 1.75 bn (EUR 525.6 mn). The 2007 top line was negatively impacted by 3Q 07 results, when Oltchim had to cease some of its activities due to an accident at the plant. On the costs side, raw material costs increased by 9% yoy to RON 1 bn (EUR 303 mn), while personnel expenses climbed 18% yoy to RON 129 mn (EUR 38.7 mn). Third party expenses shrunk 3% yoy to RON 162.8 mn (EUR 48.9 mn). Oltchim reported a financial loss of RON 97.7 mn (EUR 29.3 mn) vs. RON 10.6 mn (EUR 2.8 mn) on the back of higher interest expen ses and the depreciation of the local currency. All in all, the co ny posted a loss of RON 78.5 mn (EUR 23.6 mn) compared to a net gain of RON 8.8 mn (EUR 2.7 mn) in 2006. http://seenews.com/news/latestnews/raiffeisencapital_investment-investmentdailyromania-jan29_2008-103812

Romanian Bourse Indices Bounce Back in Calm Trading and Low Turnover Jan 29, 2008, 17:24 CET | Story | SeeNews BUCHAREST (Romania), January 29 (SeeNews) - Romanian stock indices on Tuesday gained ground in calm trading and low turnover, brokers said. http://seenews.com/news/latestnews/romanianbourseindicesbouncebackincalmtradingandlowturnover-163700

Romania Schedule of Events - Jan 29 - April 22 Jan 29, 2008, 08:59 CET | Story | SeeNews BUCHAREST (Romania), January 29 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through April 22. New or amended entries are marked (*). http://seenews.com/news/latestnews/romaniascheduleofevents-jan29-april22-075356

Romanian Leu Ends Firmer vs Euro, Dealers Suspect C-Bank Intervention Jan 29, 2008, 17:09 CET | Story | SeeNews BUCHAREST (Romania), January 29 (SeeNews) - Romania’s leu on Tuesday firmed further against the euro and traders suspected a central bank intervention ahead of the bank’s rate-setting meeting due next week. http://seenews.com/news/latestnews/romanianleuendsupvseuro_dealerssuspectc-bankintervention-163730

* SERBIA *

Serbia To Call Tender for WiMAX Wireless Licences Jan 29, 2008, 14:22 CET | Story | SeeNews BELGRADE (Serbia), January 29 (SeeNews) - Serbia said on Tuesday it plans to call a public tender for granting wireless telecommunications services permits, based on the WiMAX wireless technology, for transmission in the 3.4-3.8 gigahertz (GHz) frequency band. http://seenews.com/news/latestnews/serbiatocalltenderforwimaxwirelesslicences-135711

Austria’s Duropack Raises Stake in Serbian Cardboard Producer Above 80% Jan 29, 2008, 14:48 CET | Story | SeeNews BELGRADE (Serbia), January 29 (SeeNews) – Austrian cardboard and packaging materials maker Duropack AG has increased its stake in Serbian cardoard producer Duropack to over 80%, the Serbian company said on Tuesday. http://seenews.com/news/latestnews/austria___sduropackraisesstakeinserbiancorrugatedboardmaker-141054

INTERVIEW - Slovenian Insurer KD Life Sees Break Even in Bulgaria, Romania within Five Years, Eyes Serbia Jan 29, 2008, 16:52 CET | Interview | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Slovenian life insurance company KD Life sees a break even point within five years on two of its newest markets, Bulgaria and Romania, backed by expectations of their fast growth, a senior company official said. http://seenews.com/news/latestnews/interview-sloveniainsurerkdlifeseesbreakeveninbulgaria_romaniawithinfive-183905

Serbia To Invest 3.25 Bln Dinars (39.5 Mln Euro) in Blue-chip Komercijalna Banka’s Share Issue Jan 29, 2008, 18:36 CET | Story | SeeNews BELGRADE (Serbia), January 29 (SeeNews) - Major shareholder the Serbian government will invest 3.25 billion dinars ($58.3 million/39.5 million euro) in the 8.1 billion dinar share issue by blue chip Komercijalna Banka, Finance Minister Mirko Cvetkovic said on Tuesday. http://seenews.com/news/latestnews/serbiatoinvest3_25blndinars_39_5mlneuro_inblue-chipkomercijalnabanka___s-162227

Vojvodjanska Banka - Daily Vobnews - Jan 29, 2008 Jan 29, 2008, 11:04 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for January 29, 2008 containing the following charts and tables: http://seenews.com/news/latestnews/vojvodjanskabanka-dailyvobnews-jan29_2008-110258

Sinteza Investment Group - Daily Market WrapUp - Jan 28, 2008 Jan 29, 2008, 11:16 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its Daily Market WrapUp for January 28, 2008, containg an overview of the Serbian Financial Market. http://seenews.com/news/latestnews/sintezainvestmentgroup-dailymarketwrapup-jan28_2008-111131

Serbia Schedule of Events - Jan 29 - May 18 Jan 29, 2008, 09:44 CET | Story | SeeNews BELGRADE (Serbia), January 29 (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 (*). http://seenews.com/news/latestnews/serbiascheduleofevents-jan29-may18-092358

EU Offers Serbia Interim Political Accord before Signing Pre-Membership Deal Jan 29, 2008, 09:41 CET | Story | SeeNews BELGRADE (Serbia), January 29 (SeeNews) - The European Union said it was offering Serbia to sign an interim political accord with the bloc before concluding a pre-membership agreement with it. http://seenews.com/news/latestnews/euoffersserbiainterimpoliticalaccordbeforesigningpre-membershipdeal-225700

* SLOVENIA *

Slovenian Fund Manager KD Investments Changes Name to KD Funds Jan 28, 2008, 18:47 CET | Story | SeeNews LJUBLJANA (Slovenia), January 28 (SeeNews) - Slovenian investment fund manager KD Investments will operate under the name of KD Skladi at home and KD Funds on the foreign markets, the company said on Monday. http://seenews.com/news/latestnews/slovenianfundmanagerkdinvestmentschangesnametokdfunds-172227

Slovenia’s Top Insurer Zavarovalnica Triglav Raises 2007 Parent Gross Premium Income by Prelim 7.0% Jan 29, 2008, 15:44 CET | Story | SeeNews LJUBLJANA (Slovenia), January 29 (SeeNews) - Slovenian largest insurer Zavarovalnica Triglav raised its parent gross premium income by a preliminary 7.0% to 707.6 million euro ($1.03 billion) last year, it said on Tuesday. http://seenews.com/news/latestnews/slovenia___stopinsurerzavarovalnicatriglavraises2007parentgrosspremiumby-144421

INTERVIEW - Slovenian Insurer KD Life Sees Break Even in Bulgaria, Romania within Five Years, Eyes Serbia Jan 29, 2008, 16:52 CET | Interview | SeeNews SOFIA (Bulgaria), January 29 (SeeNews) - Slovenian life insurance company KD Life sees a break even point within five years on two of its newest markets, Bulgaria and Romania, backed by expectations of their fast growth, a senior company official said. http://seenews.com/news/latestnews/interview-sloveniainsurerkdlifeseesbreakeveninbulgaria_romaniawithinfive-183905

Slovenian Stock Indices Recover, Pivovarna Lasko Shines Jan 29, 2008, 18:09 CET | Story | SeeNews LJUBLJANA (Slovenia), January 29 (SeeNews) - Slovenian stock indices recovered on Tuesday with blue-chip brewer Pivovarna Lasko rising almost four percent, brokers said. http://seenews.com/news/latestnews/slovenianstockindicesrecover_pivovarnalaskoshines-175137

Slovenia Schedule of Events - Jan 29-Feb 27 Jan 29, 2008, 08:55 CET | Story | SeeNews LJUBLJANA (Slovenia), January 29 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Slovenia through February 27. New or amended entries are marked (*). http://seenews.com/news/latestnews/_hold__sloveniascheduleofevents-jan29-feb27-173256

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