News report of 27.06.2008

* Bosnia *

Drug Maker Bosnalijek Drags Down Bosnia’s Sarajevo Blue Chips Jun 27, 2008, 15:57 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), June 27 (SeeNews) – Bosnia’s Sarajevo blue-chip index SASX-10 slumped this week due to a 21.3% collapse of drug maker Bosnalijek caused by a planned capital hike expected to be endorsed by the company’s shareholders on Saturday. link

Bosnia’s Laktasi Municipal Bonds To Start Trading on Bourse June 30 Jun 27, 2008, 14:10 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), June 27 (SeeNews) - The fixed-rate municipal bonds of the Bosnian town of Laktasi worth 10 million marka ($8.0 million/5.1 million euro) will be listed for secondary trading on the Banja Luka Stock Exchange (BLSE) on June 30, the bourse said on Friday. link

Croatian-owned Bosnian Bank Fima Banka Raises 1.7 Mln Euro in Cap Hike Jun 27, 2008, 11:34 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), June 27 (SeeNews) - The Bosnian bank of Croatia-based financial group Fima, Fima Banka, said on Friday it has raised some 3.3 million marka ($2.6 million/1.7 million euro) in a capital hike performed earlier this month. link

Bosnia’s Telekom Srpske To Pay 55% Lower Dividend for 2007 Jun 27, 2008, 10:47 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), June 27 (SeeNews) - Bosnia’s Telekom Srpske, majority-owned by Serbia’s state-controlled Telekom Srbija, said on Friday it will pay a dividend of 0.0459 marka ($0.0365/0.0232 euro) per share for 2007, down from 0.1017 marka dividend it paid for 2006. link

IMF Urges Bosnia to Tighten Spending, Speed up Reforms Jun 27, 2008, 10:34 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), June 27 (SeeNews) – The International Monetary Fund (IMF) urged Bosnia to tighten fiscal and income policies and accelerate reforms in order to quell an expected rise in inflation rate and current account deficit and promote growth. link

Bosnia Schedule of Events – June 27 – Nov 20 Jun 27, 2008, 10:11 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), June 27 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through November 20. New or amended entries are marked (*). link

* Bulgaria *

Bulgarian Sugar Maker Zaharni Zavodi To Skip 2007 Dividend Jun 27, 2008, 18:22 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - Bulgaria’s largest sugar producer Zaharni Zavodi said on Friday it will not pay dividend for last year, after skipping dividend the previous year. link

Lead Manager of Bulgaria’s Railroad Infrastructure Holding Company IPO Says Analysts Evaluation Incorrect Jun 27, 2008, 17:21 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) – Bulgaria’s United Bulgarian Bank, lead manager of the initial public offering of local Railroad Infrastructure Holding Company, on Friday said an analysts’ evaluation of the company made a day earlier was incorrect. link

UPDATE 1 - EU Freezes 93.8 Mln Euro in Payments to Bulgarian Farmers over Irregularities Jun 27, 2008, 16:57 CET | Story | SeeNews (releads with the amount of frozen funds) link

Bulgaria’s Svilengrad Town, Regent Capital Company To Build 5.0 MW Solar Park Jun 27, 2008, 16:44 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) – Bulgarian southeastern town of Svilengrad will team up with Sofia-based company Regent Capital to build a five megawatt (MW) solar park for an undisclosed sum, the Svilengrad municipality said on Friday. link

EU Urges SEE States To Speed Up Electricity Markets Integration Jun 27, 2008, 16:12 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - The European Union on Friday urged Southeast European (SEE) states to intensify their efforts in further integrating regional electricity markets. link

UPDATE 1 - Deutsche Boerse Proposes Derivatives Trading/Clearing Solutions to Bulgarian Stock Exchange Jun 27, 2008, 15:52 CET | Story | SeeNews (adds details, quotes from Bulgarian Stock Exchange chairman) link

Bulgarian Bourse Sinks on Global Decline Jun 27, 2008, 15:29 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - Falls on international stock markets caused by the latest surge in crude oil prices dragged down most Bulgarian stock indices on Friday, brokers said. link

Deutsche Boerse Proposes Derivatives Trading/Clearing Solutions to Bulgarian Stock Exchange Jun 27, 2008, 14:36 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) – Deutsche Boerse has proposed to the Bulgarian Stock Exchange (BSE), which recently adopted its XETRA trading platform, to provide it with derivatives trading and clearing solutions, Deutsche Boerse’s managing director said on Friday. link

Bulgarian Business Sentiment Index Continues to Fall in June Jun 27, 2008, 13:37 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - Bulgaria’s business sentiment index fell by 2.2 points in June but managers’ expectations remain positive, the National Statistics Institute (NSI) said on Friday. link

UK-Listed Bulgarian Land Development Requests Temporary Suspension of Trading Jun 27, 2008, 13:02 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - London-listed Bulgarian Land Development (BLD) on Friday requested a temporary suspension of trading of all its ordinary shares as its 2007 financial report requred amendments. link

Bulgaria’s TK Hold To Skip 2007 Dividend Jun 27, 2008, 13:02 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - Bulgarian holding company TK Hold on Friday said it will not pay dividend for last year after paying a gross dividend of 0.1 levs ($0.08/0.05 euro) per share for 2006. link

EU Freezes More Payments to Bulgarian Farmers over Irregularities Jun 27, 2008, 12:51 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) – The European Union froze payments to Bulgarian farmers under two measures of the Special Accession Programme for Agriculture and Rural Development (SAPARD) over irregularities in their spending, the country’s Farm Ministry said on Friday. link

Bulgarian National Bank - Interest Rates Statistics - May 2008 Jun 27, 2008, 12:26 CET | State Agencies Reports | SeeNews In May 2008 the Base Interest Rate was 4.93%, rising by 1.12 percentage points compared to May 2007. link

Bulgaria, Hungary Call for Increased Political Support for Nabucco Gas Pipeline Project Jun 27, 2008, 12:26 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - Bulgaria and Hungary on Friday called for stepping up political support for the EU-backed gas pipeline project Nabucco aimed at decreasing the dependence of European gas supplies from Russian deliveries. link

Bulgaria Expects 2008 Sunflower Crop Up 60% to 830,000 T – Media Jun 27, 2008, 12:18 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) – Bulgaria’s 2008 sunflower crop is expected to grow by 60% to 830,000 tonnes as prices are expected to remain unchanged, a local daily reported on Friday. link

Bulgarian Furniture Producer Yavor Plans To Raise Capital 134 Times via Bonus Issue Jun 27, 2008, 11:59 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - Bulgarian furniture producer Yavor plans to raise its capital 134 times via one-for-133 bonus issue, the company said. link

FFBH - Bulgaria Morning Update - June 27, 2008 Jun 27, 2008, 10:08 CET | Broker’s Report | SeeNews MARKET WRAP-UP link

Bulbrokers - Daily FX Analysis - June 27, 2008 Jun 27, 2008, 09:59 CET | Broker’s Report | SeeNews The US Dollar Reached New Bottom against the Euro link

Bulbrokers - USA Stock Markets Daily Review - June 27, 2008 Jun 27, 2008, 09:57 CET | Broker’s Report | SeeNews Dow Lost a Whole of 350 pts in Just a Day link

Elana - Bulgaria Daily Report - June 26, 2008 Jun 27, 2008, 09:28 CET | Broker’s Report | SeeNews Market Highlights link

Bulgaria Schedule of Events - June 27 - Nov 25 Jun 27, 2008, 08:17 CET | Story | SeeNews SOFIA (Bulgaria), June 27 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bulgaria through November 25. New or amended entries are marked (*). link

Bulgarian Stock Exchange - Daily Report - June 26, 2008 Jun 27, 2008, 07:29 CET | Specialists Reports | SeeNews Bulgarian Stock Exchange has published its report on turnover and prices for June 26, 2008. link

* Croatia *

Croatian Bureau of Statistics - Congresses and Other Business Meetings - April 2008 Jun 27, 2008, 14:09 CET | State Agencies Reports | SeeNews In April 2008, the number of business meetings held in the Republic of Croatia was 598. There were 294 (49%) meetings with overnight stays and 304 (51%) without them. The total number of days at business meetings was 1 178. Each meeting was held 2 days on the average. The number of participants at all meetings was 49 139; the number of domestic participants was 44 355 (90%), while the number of foreign ones was 4 784 (10%). According to professional organisers, the most meetings, 325 of them (54%), were organised by enterprises. In April 2008, the turnover of 19 538 183 kuna was generated from business meetings. Out of the total turnover, 15 608 228 kuna (80%) was generated from meetings with overnight stays and 3 929 955 kuna (20%) from meetings without overnight stays. In the period from January to April 2008, there were 1 954 business meetings held in the Republic of Croatia. Out of this number, there were 889 (45%) meetings with overnight stays and 1 065 (55%) withou t them. The total number of days at business meetings was 3 561. Business meetings were attended by 158 555 participants: 145 965 (92%) domestic and 12 590 (8%) foreign ones. In the period from January to April 2008, the total turnover generated from all business meetings held in the Republic of Croatia was 56 866 729 kuna. Out of this sum, 43 779 793 kuna (77%) was generated from meetings with overnight stays and 13 086 936 kuna (23%) from meetings without them. link

Croatian Bureau of Statistics - Gradueates on Professional and University Study in 2007 - June 2008 Jun 27, 2008, 14:02 CET | State Agencies Reports | SeeNews This first release reports on students who graduated from institutions of higher education in the Republic of Croatia either according to the "old" programme (professional and university undergraduate study) or the Bologna process (professional and specialist professional graduate study, undergraduate, graduate and integrated undergraduate and graduate university study). During 2007, there were 20 969 students who graduated from institutions of higher education, which was by 7.2% more than in the previous year. Out of the total number of graduated students, 61.6% were full-time and 38.4% part-time ones. Out of the full-time students, 65.5% were supported by the Ministry of Science, Education and Sports, while the rest of 34.5% self-financed themselves. The share of female students who graduated in 2007 was 58.1%, which was by 1.2% less than in the previous year. Out of the total number of students who graduated in 2007, 15.3% graduated from polytechnics, 6.0% from schools of professional higher education, 77.3% from faculties (out of that, 33.7% from professional studies and 66.3% from university studies) and 1.4% from art academies. Regarding their age, 1.2% of students who graduated in 2007 were under 21 years of age, 32.9% were in the 21 – 23 age group, 34.9% were in the 24 – 26 age group, 12.4% were in the 27 − 29 age group and 18.6% were in the 30-and-over age group. Out of the total number of students, 96.1% of them graduated according to the “old” programme and 3.9% according to the Bologna process. The largest number of students, 51.9% of them, graduated from an undergraduate university study, followed by 44.2% who graduated from an undergraduate professional study, 2.8% from a professional study according to the Bologna process, 0.9% from an undergraduate university study and 0.2% from a specialist professional graduate study. link

Croatian Bureau of Statistics - Innovation Activities in Cratian Enterprises - 2004 - 2006 - June 2008 Jun 27, 2008, 13:51 CET | State Agencies Reports | SeeNews The share of enterprises with innovative activities in Croatian economy is 27.7%. Innovative enterprises are more frequent in the industrial sector with over 37% (37.3%) than in the service sector where innovative enterprises make less than 1:4 (22.8%). Innovative enterprises can also be analysed according to the number of persons in employment. It is notable that innovators are more frequent among large enterprises (55.6%), than among medium enterprises (39.3%) or small enterprises (23.0%). Innovative activities are in great measure conditioned by financial resources and human potential under firm’s management and it is, therefore, to be expected that larger enterprises would be more innovative than smaller ones. Croatian enterprises are predominantly directed to local and regional markets – covering several regions. At the same time, number of innovative enterprises in that group is the smallest (38.2%). The share of innovative enterprises is significantly larger in t he group of enterprises declared to be present on foreign markets, whether it be markets of EU, EFTA or EU candidate countries (41.7%) or markets of other countries (43.2%). Presence on large number of markets can be identified as a creativity-inducing activity because it introduces the concept of competition to a larger extent. There is 27.7% recorded share of enterprises with innovative activities among Croatian enterprises in the period 2004-2006. Product and process innovation are usually simultaneously introduced in an enterprise. Innovative enterprises introducing both types of innovation are at the same time more frequent among industrial enterprises (24.0%), which is by 14.2% more than the share of innovative enterprises in service sector (9.8%) (Table 4). Innovative enterprises are more frequent among larger enterprises (55.6%) than among medium enterprises (39.3%) or small enterprises (23.0%). Introduction of a new product or process in large measure is preconditi oned by size of the enterprise. Larger enterprises more often simu neously introduce product and process innovations (36.7%) than medium (22.8%) or small enterprises (11.2%). Industrial enterprises are, compared to service enterprises, more inclined to introduce intramural (in-house) R&D, as well as acquisition of equipment and software. On the other hand, service enterprises are more inclined to introduce extramural R&D, patents, non-patented inventions and know-how. Acquisition of machinery, equipment and software is the most frequent type of innovation expenditure among Croatian enterprises (86.8%). Both industrial enterprises (88.1%) and service enterprises (85.8%) are using this type of innovation activities to the nearly same extent. Training is the second most frequent expenditure for innovation activities and it is slightly more often used by service enterprises (76.0%), than industrial enterprises (73.7%). link

Croatian Bureau of Statistics - Quarterly Gross Domestic Product Estimate - Q1 2008 Jun 27, 2008, 13:44 CET | State Agencies Reports | SeeNews This release presents the estimate of the gross domestic product (GDP) for the first quarter of 2008 for the Republic of Croatia, by major categories of expenditure and economic activities. The results are presented at 1997 current and constant prices relating to the period from the first quarter of 2004 to the first quarter of 2008. Quarterly figures for the period from 1997 to 2004 have been adjusted to the final annual data, while data for 2005, 2006 and 2007 are provisional. Results:- in the first quarter of 2008, the real GDP was by 4.3% higher than in the same period of 2007;- based on the quarterly estimates, the real GDP for 2007 showed an increase of 5.6%, as compared to 2006. link

Croatian Bureau of Statistics - Basic Characteristics оf Household Consumption аnd Household Income - 2005-2007 Jun 27, 2008, 12:10 CET | State Agencies Reports | SeeNews Basic characteristics of household consumption and household incomewere calculated on the basis of data collected by the Household Budget Survey. The Survey was carried out on the random sample of private households and the sample is separately defined for each year, that is, there is not a panel part of the sample (households were not repeatedly interviewed every year). link

Croatian Bureau of Statistics - Industrial Production Volume Index, First Results - May 2008 Jun 27, 2008, 12:07 CET | State Agencies Reports | SeeNews The total industrial production was by 2.1% lower in May 2008 than in May 2007. As compared to the average monthly production in 2007, the industrial production in May 2008 increased by 4.3%.According to the MIGs 2001 aggregation, in May 2008, as compared to May 2007, Intermediate goods were by 6.6%, Capital goods by 4.0%, Durable consumer goods by 6.9% and Non-durable consumer goods by 0.9% lower, while Energy was by 4.5% higher.According to the NKD 2002. sections, the production in Mining and quarrying was by 3.0% and in Manufacturing by 3.6% lower, while in Electricity, gas and water supply it was by 8.4% higher in May 2008 than in the same month of 2007.Comparing the period from January to May 2008 with the same period of 2007, according to the MIGs 2001 aggregation, Intermediate goods were by 0.1%, Energy by 4.1%, Capital goods by 5.5% and Non-durable consumer goods by 6.1% higher, while Durable consumer goods were by 4.8% lower.Comparing the period from January to May 2 008 with the same period of 2007, according to the NKD 2002. sections, the production in Mining and quarrying was by 2.6 % lower, while in Manufacturing it was by 3.4% and in Electricity, gas and water supply by 8.4% higher.In May 2008, the trend index of the total industrial production was by 0.1% higher than in April 2008 (see G-1.). Detailed volume indices of industrial production − seasonally adjusted time series and trend cycle – are published in the First Release No. 2.1.3., which is usually issued one week after this First Release. link

Croatian Bureau of Statistics - Migration of Population - 2007 Jun 27, 2008, 12:06 CET | State Agencies Reports | SeeNews This First Release contains data on the internal and international migration of population of the Republic of Croatia for the period from 1998 to 2007 and data at the county level for the period from 2003 to 2007. link

Croatian Bureau of Statistics - Public Sewage System - 2007 Jun 27, 2008, 12:02 CET | State Agencies Reports | SeeNews In the year 2007, the total volume of waste waters amounted to 211 346 000 m3, which means that it decreased by 1%, as compared to 2006. link

UPDATE 1 - Croatia’s Q1 Economic Growth Slows to Real 4.3% from 7.0% Yr-ago - Table Jun 27, 2008, 11:52 CET | Story | SeeNews (Adds table) link

Croatia’s Q1 Economic Growth Slows to Real 4.3% from 7.0% in Q1’07, Speeds from 3.7% in Q4’07 Jun 27, 2008, 11:25 CET | Story | SeeNews ZAGREB (Croatia), June 27 (SeeNews) - Croatia’s economy grew by a real 4.3% in the first quarter this year, slower than the 7.0% growth a year earlier but faster than the 3.7% growth in the last quarter of 2007, the State Statistics Bureau said on Friday. link

CROATIA’S Q1 ECONOMIC GROWTH SLOWS TO REAL 4.3% FROM 7.0% IN Q1’07, SPEEDS FROM 3.7% IN Q4’07 Jun 27, 2008, 11:08 CET | Alert | SeeNews link

Croatia’s Jupiter Adria Invests 3.0 Mln Euro in Marina on Adriatic Island Jun 27, 2008, 11:06 CET | Story | SeeNews ZAGREB (Croatia), June 27 (SeeNews) - Croatian tourism company Jupiter Adria has invested around 3.0 million euro ($4.7 million) in a marina on the Adriatic island of Ugljan, it said on Friday. link

Croatia’s Ericsson Nikola Tesla in 20 Mln Kuna (2.8 Mln Euro) Equipment Delivery Deal in Montenegro Jun 27, 2008, 10:22 CET | Story | SeeNews ZAGREB (Croatia), June 27 (SeeNews) – Croatia’s Ericsson Nikola Tesla said on Friday it has signed a deal to deliver equipment for emergency calls to Montenegro’s Interior Ministry worth around 20 million kuna ($4.3 million/2.8 million euro). link

Erste Securities - Croatian Equity Daily - June 27, 2008 Jun 27, 2008, 09:46 CET | Broker’s Report | SeeNews Highlights: link

Croatia Schedule of Events - June 27-Sept 16 Jun 27, 2008, 08:43 CET | Story | SeeNews ZAGREB (Croatia), June 27 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through September 16. New or amended entries are marked (*). link

FIMA Stock Monitor - Daily - June 26 2008 Jun 27, 2008, 07:14 CET | Broker’s Report | SeeNews Daily comment: link

* Macedonia *

Canadian EurOmax Finds Substantial Gold and Copper Deposits in Macedonia’s Ilovitza Site Jun 27, 2008, 17:50 CET | Story | SeeNews SKOPJE (Macedonia), June 27 (SeeNews) - Canadian exploration company EurOmax Resources said on Friday that an independent estimate conducted by Broad Oak of Toronto shows that Macedonia’s Ilovitza site contains major quantities of copper and gold. link

Macedonia’s Blue Chip Index Rises after Nearly Month of Falls - Table Jun 27, 2008, 16:41 CET | Story | SeeNews SKOPJE (Macedonia), June 27 (SeeNews) – The Macedonian stock exchange’s blue chip index rose on Friday for the first time in June despite continuing uncertainty about the development of the local bourse, brokers said on Friday. link

Macedonia Schedule of Events - June 27-Nov 28 Jun 27, 2008, 08:48 CET | Story | SeeNews SKOPJE (Macedonia), June 27 (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 (*) link

Macedonian Stock Exchange - Daily Report - June 26, 2008 Jun 27, 2008, 07:26 CET | Specialists Reports | SeeNews Macedonian Stock Exchange has published its report on turnover and prices for June 26, 2008. link

* Moldova *

Moldova’s Foreign Debt Rises to $2.089 Bln at End-May - Table Jun 27, 2008, 15:27 CET | Story | SeeNews CHISINAU (Moldova), June 27 (SeeNews) - Moldova’s foreign debt rose to $2.089 billion (1.3 billion euro) at the end of May from $2.029 billion a month earlier, the country’s central bank, BNM, said on Friday. link

MOLDOVA’S END-MAY FOREIGN DEBT RISES TO $2.089 BLN FROM $2.029 BLN AT END-APRIL - C-BANK Jun 27, 2008, 15:14 CET | Alert | SeeNews link

Moldova’s Mobiasbanca Changes Name Jun 27, 2008, 13:10 CET | Story | SeeNews CHISINAU (Moldova), June 27 (SeeNews) - Moldovan commercial bank Mobiasbanca has changed its name to Mobiasbanca-Groupe Societe Generale to reflect its acquisition by the French banking group, Mobiasbanca said on Friday. link

Moldovan Banks’ End-May Assets Rise 33.6% Y/Y Jun 27, 2008, 09:46 CET | Story | SeeNews CHISINAU (Moldova), May 27 (SeeNews) - Moldovan banks had 35.4 billion lei ($3.6 billion/2.3 billion euro) in assets at the end of May, up 33.6% from a year earlier, the country’s central bank, BNM, said on Friday. link

Moldova’s FX Reserves Rise to $1.474 Bln in Week Ended June 20 Jun 27, 2008, 09:33 CET | Story | SeeNews CHISINAU (Moldova), June 27 (SeeNews) - Moldova’s foreign exchange reserves rose to $1.474 billion (937.6 million euro) on June 20 from $1.458 billion a week earlier, the country’s central bank, BNM, said on Friday. link

Moldova Schedule of Events - June 27-Oct 8 Jun 27, 2008, 09:30 CET | Story | SeeNews CHISINAU (Moldova), June 27 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through October 8. New or amended entries are marked (*) link

* Montenegro *

Magyar Telekom’s Montenegrin Unit Approves 22 Mln Euro For 2007 Dividend, Up from 8.3 Mln Euro in 2006 Jun 27, 2008, 17:57 CET | Story | SeeNews PODGORICA (Montenegro), June 27 (SeeNews) – Shareholders of Magyar Telekom’s Montenegrin unit, Crnogorski Telekom, have approved a proposal to distribute as dividends 22 million euro ($34.6 million) of its net profit for last year, Magyar Telekom said on Friday. link

Ministry of Finance of Montenegro - Bulletin XI - Jan - Mar, 2008 Jun 27, 2008, 11:57 CET | State Agencies Reports | SeeNews Introduction link

Central Bank of Montenegro - Monthly Bulletin - May 2008 Jun 27, 2008, 10:30 CET | State Agencies Reports | SeeNews Central Bank of Montenegro has published its monthly bulletin for May 2008. link

Croatia’s Ericsson Nikola Tesla in 20 Mln Kuna (2.8 Mln Euro) Equipment Delivery Deal in Montenegro Jun 27, 2008, 10:22 CET | Story | SeeNews ZAGREB (Croatia), June 27 (SeeNews) – Croatia’s Ericsson Nikola Tesla said on Friday it has signed a deal to deliver equipment for emergency calls to Montenegro’s Interior Ministry worth around 20 million kuna ($4.3 million/2.8 million euro). link

New Securities Exchange of Montenegro - Daily Report - June 26, 2008 Jun 27, 2008, 07:40 CET | Specialists Reports | SeeNews New Securities Exchange of Montenegro (NEX) has published its daily report on trading volumes and prices for June 26, 2008. link

* Romania *

C-Bank Chief Isarescu Calls On Banks To Moderate Lending, Cool Overheated Economy Jun 27, 2008, 18:29 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) - Romania’s central bank governor Mugur Isarescu on Friday called on commercial banks to moderate extending credit to customers, especially in foreign currencies, to combat growing consumption in an overheating economy. link

Romanian Leu Closes Steady vs Euro in Moderate End-Week Trade Jun 27, 2008, 17:10 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) - The Romanian leu on Friday ended at 3.6520/30 per euro, little changed from the 3.6535/6549 closing a day earlier, in a moderate end-of-week trade, dealers said. link

Romanian Bourse Closes Higher After Week of Losses Jun 27, 2008, 17:07 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) - The Romanian bourse indices on Friday closed higher, following a week of losses that mirrored developments on foreign markets, brokers said. link

UPDATE 1 - SIF 5 Sells its Entire 26.13% Stake in Romanian Steel Pipe Manufacturer Zimtub for 4.2 Mln Lei (1.1 Mln Euro) Jun 27, 2008, 16:59 CET | Story | SeeNews (updates with investment fund exiting Zimtub and details) link

INTERVIEW – Romania Sees FDI Exceeding 7.0 Bln Euro in 2008, Flat from 2007 Jun 27, 2008, 15:27 CET | Interview | SeeNews BUCHAREST (Romania), June 27 (SeeNews) - Romania expects to attract more than seven billion euro ($11 billion) in foreign direct investments (FDI) this year, a figure similar to the one recorded in 2007, with the car, energy and construction sectors luring most of the investments, a government official said on Friday. link

Stake of 29% in Romanian Steel Pipe Manufacturer Zimtub Trades for 4.6 Mln Lei (1.3 Mln Euro) Jun 27, 2008, 15:18 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) - Some 29% of Romanian welded steel pipes manufacturer Zimtub changed hands in 21 trades totalling 4.6 million lei ($2.0 million/1.3 million euro) on the Bucharest Stock Exchange (BVB) on Friday, bourse data showed. link

Romania Recovers 27.6 Mln Euro State Aid in Automobile Craiova’s Sale to Ford Motor Co Jun 27, 2008, 15:04 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) – Romania has recovered 27.6 million euro ($43.4 million) in state aid it had granted to U.S. Ford Motor Co in the sale of Automobile Craiova, Romania’s asset-selling agency, AVAS, said on Friday. link

Romania’s Economy Is Overheated - C-Bank Governor Jun 27, 2008, 14:49 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) - Romania’s economy is "obviously" overheated at the moment, the country’s central bank governor Mugur Isarescu said on Friday. link

Romania’s Distrigaz Sud Says Gas Price Hike in July Will Not Cover Costs, Seeks New Rise in Oct Jun 27, 2008, 13:55 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) – Romania’s gas distributor Distrigaz Sud said on Friday it will seek further rises in gas prices in October because a 12.5% increase as of July 1 is not big enough to cover its costs. link

Spain’s FCC Construction Expects Turnover in Romania to Nearly Triple to 150 Mln Euro by 2010 – Media Jun 27, 2008, 11:55 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) – Spain’s FCC Construction expects its turnover from operations on the Romanian market to reach 150 million euro ($235.8 million) by 2010, compared to more than 40 million euro in 2007, backed by expansion of its portfolio, Bucharest-based daily Ziarul Financiar reported on Friday. link

Ieba Trust - Romanian Market Daily - June 26, 2008 Jun 27, 2008, 09:48 CET | Broker’s Report | SeeNews BSE indices declined for the seventh consecutive trading session link

Raiffeisen Capital & Investment - Investment Daily Romania - June 27, 2008 Jun 27, 2008, 09:35 CET | Broker’s Report | SeeNews In the news link

Romania Schedule of Events - June 27 - Sept 26 Jun 27, 2008, 09:07 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through September 26. New or amended entries are marked (*). link

Romania’s May Residential Building Permits Number Rises 8.6% Y/Y Jun 27, 2008, 09:00 CET | Story | SeeNews BUCHAREST (Romania), June 27 (SeeNews) - Romania issued 6,291 building permits for residential projects in May, up 8.6% from a year earlier, the country’s statistics board, INS, said on Friday. link

Bucharest Stock Exchange - Daily Report - Regulated Market - June 26, 2008 Jun 27, 2008, 07:23 CET | Specialists Reports | SeeNews Bucharest Stock Exchange has published its report on trading volumes and prices on the regulated market for June 26, 2008. link

Bucharest Stock Exchange - Daily Report - RASDAQ Market - June 26, 2008 Jun 27, 2008, 07:20 CET | Specialists Reports | SeeNews Bucharest Stock Exchange has published its RASDAQ daily market report for June 26, 2008. link

* Serbia *

Sweltering Serbian Summer Season Melts Down BELEX Liquidity, Indices Jun 27, 2008, 17:20 CET | Story | SeeNews BELGRADE (Serbia), June 27 (SeeNews) - Belgrade Stock Exchange (BELEX) indices and turnover ended the week lower in somnolent summer season mood as blue-chip AIK Banka generated the highest Friday volume and was the best traded through the week, brokers said. link

France’s Lafarge Launches Buyout Bid for Serbian Unit Jun 27, 2008, 15:48 CET | Story | SeeNews BELGRADE (Serbia), June 27 (SeeNews) - French building materials group Lafarge said on Friday it has launched a buyout bid for the 15.67% stake it does not own in its Serbian unit, Lafarge Beocinska Fabrika Cementa. link

Switzerland’s Home Art & Sales Services To Buy Out Minorities of Serbian Unit Jun 27, 2008, 15:08 CET | Story | SeeNews BELGRADE (Serbia), June 27 (SeeNews) - Swiss company Home Art & Sales Services on Friday launched a buyout bid for the remaining 27.14% of Serbian textile products trader Centrotextil it does not own. link

Serbian Flag Carrier JAT Airways Sees 20 Mln Euro Lower 2008 Profit Due to Rising Fuel Costs Jun 27, 2008, 11:54 CET | Story | SeeNews BELGRADE (Serbia), June 27 (SeeNews) - Serbian flag carrier JAT Airways will have to slash around 20 million euro ($35 million) off its 2008 profit forecast to accomodate for rising fuel costs, it said on Friday. link

Serbia Schedule of Events - June 27 - July 31 Jun 27, 2008, 10:45 CET | Story | SeeNews BELGRADE (Serbia), June 27 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through July 31. New or amended entries are marked (*). link

Vojvodjanska Banka - Daily Vobnews - June 27, 2008 Jun 27, 2008, 09:32 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for June 27, 2008 containing the following charts and tables: link

Belgrade Stock Exchange - Daily Report - June 26, 2008 Jun 27, 2008, 07:34 CET | Specialists Reports | SeeNews Belgrade Stock Exchange has published its daily report on trading volumes and prices for June 26, 2008 link

* Slovenia *

Norwegian Court Rejects Suit against Slovenia’s Krka Jun 27, 2008, 18:09 CET | Story | SeeNews LJUBLJANA (Slovenia), June 27 (SeeNews) - A Norwegian court has ruled that Slovenian drug maker Krka is not infringing the patent protecting the manufacturing process of the Losartan drug in Norway and awarded the Slovenian company damages, Krka said on Friday. link

Shares in Telekom Slovenije Rise Ahead of Shareholders’ Vote on Dividend Payment Jun 27, 2008, 17:53 CET | Story | SeeNews LJUBLJANA (Slovenia), June 27 (SeeNews) - Shares in blue chip Telekom Slovenije rose almost four percent on Friday ahead of a shareholders’ meeting on June 30, when a proposal for a double dividend payment will be put to the vote, brokers said. link

Slovenia’s Gorenje Transfers 7.6% of Its Capital to Home Products Europe B.V. Jun 27, 2008, 17:31 CET | Story | SeeNews LJUBLJANA (Slovenia), June 27 (SeeNews) - Slovenian household appliance manufacturer Gorenje said on Friday it has transferred 7.6% of its capital to Home Products Europe B.V. for 39.4 million euro ($62 million) to partly pay for the acquisition of Dutch peer ATAG Europe B.V. link

CEO of Slovenian IT Company Datalab To Sell 11% Equity on Bourse Jun 27, 2008, 16:34 CET | Story | SeeNews LJUBLJANA (Slovenia), June 27 (SeeNews) - The CEO of Slovenian IT company Datalab, Andrej Martelj, will sell 11% of the company’s equity in order to secure a free float of its shares on the Ljubljana bourse, Datalab said on Friday. link

Slovenian Statistical Office - Cableway Traffic - Q1 2008 Jun 27, 2008, 10:35 CET | State Agencies Reports | SeeNews In the first quarter of 2008 24% more passengers were carried by cableways than in the same period last year. link

Slovenian Statistical Office - Tourism - Provisional Data - May 2008 Jun 27, 2008, 08:18 CET | State Agencies Reports | SeeNews In May 2008 there were 20% more tourist arrivals and 14% more overnight stays registered in tourist accommodations than in May 2007. link

Ljubljana Stock Exchange - Monthly Report - May 2008 Jun 27, 2008, 07:49 CET | Specialists Reports | SeeNews Ljubljana Stock Exchange has published its monthly report on turnover and prices for May 2008. link

Slovenian Shares Extend Losses With Demand Lacking, Further Listless Trading Expected Jun 26, 2008, 18:56 CET | Story | SeeNews LJUBLJANA (Slovenia), June 26 (SeeNews) - Slovenian stock indices fell for a second day running on Thursday amid lack of demand, brokers said. link

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