Czech retail fuel prices stagnate; Natural 95 at CZK 30.77/liter

PRESS: Czech retail fuel chain Pap Oil ’sold’ in February - source

Czech petrochem Unipetrol sees ethylene production back at full capacity by mid-April

Czech oil/gas MND net profit down 41% y/y due to foreign expansion, U.S. dollar – board chairman

HUNGARY

Hungarian oil firm MOL strikes down OMV agenda points for AGM, proposes HUF 85 bln dividend

Hungarian chemical firm TVK to pay out 35% of 2007 profit in dividend, HUF 369 per share

Hungarian oil and gas company MOL opens first own-branded fuel station in Austria

U.S.’s GE, Greece’s Metka to build EUR 400 mln power plant for Romanian oil firm Petrom

Hungarian retail gasoline prices seen stagnant this week despite rise in global prices

POLAND

Top Polish refiner PKN Orlen, No. 2 Grupa Lotos to up whole gasoline prices Saturday

Poland-based crude trader J&S Energy considers PLN 462 mln fine groundless

Acting CEO of Polish refiner PKN Orlen appointed head of Lithuanian refiner Mazeikiu Nafta

Poland’s no.2 refiner Grupa Lotos to build up to 20 new filling stations by end-2008

ANALYST OUTLOOK: Romanian gas pipeline operator Transgaz earns initial "buy" from Raiffeisen

British hydrocarbon exploration firm Matra Petroleum to start drilling at two Hungarian wells

POLAND

PRESS: Polish gas monopolist PGNiG board will talk with Gazprom in late April, success unlikely

PRESS: Polish gas PGNiG may resign from Baltic Pipe gas pipeline unless Denmark co-finances

Polish gas monopolist PGNiG says gas supply diversification projects remain economically viable

Polish gas sector engineer PBG sees revenues, net profit up 40% y/y in 2008

Polish gas monopolist PGNiG receiving gas from Ukraine despite RosUkrEnergo problems

Polish gas monopolist PGNiG likely to see 2008 results lower than previous year - analysts

Polish gas monopolist PGNiG expects realization of gas supplies deal with RosUkrEnergo

IPO WATCH: Top Czech coal miner OKD merges Lazy, CSA mines to improve efficiency

POLAND

EU clears PLN 1.3 bln of Polish state aid for coal industry

Czech Export Bank to finance EUR 200 mln power plant in Russia

PRESS: Czech utility CEZ talks to take over Polish power group PAK ’stalled’

Power firm CEZ ups Czech electricity production from biomass by 53% y/y to 249 GWh

Czech utility CEZ to invest CZK 8.7 bln into distribution network this year

PRESS: Holding J&T aims for 12% of Czech power market with CZK 25 bln, 5Y investment

Czech power utility CEZ likely to pay higher dividend than previously expected by Finance Ministry

Czech watchdog okays energy sector merger of J&T Private Equity B.V. and Czech Energy Holding

Raiffeisen cuts Czech power firm CEZ target price by 5%, keeps ’hold’ recommendation

PRESS: Czech CEZ sells Slovak power distributor Elektrovod as part of non-core asset divestment

HUNGARY

Austrian-Hungarian energy firm Karpat Energo to launch HUF 50 bln Hungarian power plant project

PRESS: German energy company E.ON’s Romanian unit ups profit 63% y/y in 2007 to EUR 30.9 mln

POLAND

Czech bank Ceska sporitelna’s renewable energy program grants CZK 2.2 bln of loans since May

Czech utility CEZ to build up to 55 new wind power plants with 110-150 MW installed capacity

HUNGARY

Hungary’s Hansag Biogaz planning to set up HUF 350 mln bio-gas plant

EMERGING MARKETS NEWS HIGHLIGHTS

Czech Republic – calendar of upcoming events, 04/04/2008

HUNGARY

Hungary – calendar of upcoming events 04/04/2008

POLAND