Girodivite: Seenews: news report of 15.05.2009

Seenews: news report of 15.05.2009

Updated news from Balkans powered by www.seenews.com
Friday 15 May 2009, by Emanuele G. - 1554 letture

Countries:

* Albania *

Albania Ex-Minister Charged With Abuse May 15, 2009, 14:15 CET | Story | BalkanInsight.com Former Albanian Minister of Labour Kosta Barka has been indicted oncharges of abuse of power, related to the mishandling of public funds forAlbanian children caught in family vendettas. >http://seenews.com/news/latestnews/albaniaex-ministerchargedwithabuse-141530621

Croatia and Albania Through to Eurovision Final May 15, 2009, 13:10 CET | Story | BalkanInsight.com Croatia’s Igor Cukrov and Kejsi Tola competing for Albania made it through to the Eurovision Song Contest Final to be held in Moscow on Saturday. >http://seenews.com/news/latestnews/croatiaandalbaniathroughtoeurovisionfinal-131052745

SEE Macroeconomic Indicators - CPI - Updated May 15, 2009 May 15, 2009, 13:05 CET | Story | SeeNews (Updates with the April Consumer Price Index (CPI) of Bulgaria, Serbia, Croatia and Bosnia’s Muslim-Croat Federation) >http://seenews.com/news/latestnews/seemacroeconomicindicators-cpi-updatedmay15_2009-125609

Albania Press Review - May 15 May 15, 2009, 10:56 CET | Story | BalkanInsight.com Here are the top stories in Albania’s main newspapers. Balkan Insighthas not verified the reports and cannot vouch for their accuracy. >http://seenews.com/news/latestnews/albaniapressreview-may15-105658563

Albania Approves ODIHR Mission Chief May 15, 2009, 10:56 CET | Story | BalkanInsight.com After strongly contesting the appointment of the head of the international election monitoring team, the Albanian Central Electoral Commission on Thursday approved her appointment, along with a further 39 long-term observers.
>http://seenews.com/news/latestnews/albaniaapprovesodihrmissionchief-105642122

Canada’s Bankers Petroleum Halves Q1 Revenue from Albanian Operations to $13.05 Mln May 15, 2009, 10:44 CET | Story | SeeNews TIRANA (Albania), May 15 (SeeNews) - Canadian oil and gas company Bankers Petroleum has said that the revenue from its operations in Albania in the first quarter of the year fell by 51% to 13.05 million U.S. dollars (9.6 million euro). >http://seenews.com/news/latestnews/canada_sbankerspetroleumhalvesrevenuefromalbanianoperationsinq1to_13_05-103322

Albania Sells 3.5 Bln Leks (26.5 Mln Euro) in 2-Yr T-Notes May 15, 2009, 10:12 CET | Story | SeeNews TIRANA (Albania), May 15 (SeeNews) - Albania’s central bank sold 3.5 billion leks ($36 million/26.5 million euro) in two-year Treasury notes in an auction held on Thursday, the bank said on Friday. >http://seenews.com/news/latestnews/albaniasells3_5blnleks_26_5mlneuro_in2-yrt-notes-093857

Albania To Auction 7.3 Bln Leks (55.3 Mln Euro) in 6-mo, 12-mo T-bills on Tuesday May 15, 2009, 09:25 CET | Story | SeeNews TIRANA (Albania), May 15 (SeeNews) - Albania’s central bank will auction 7.3 billion leks ($75.12 million/55.3 million euro) in six-month and twelve-month Treasury bills on May 19, it said on Friday. >http://seenews.com/news/latestnews/albaniatoauction7_3blnleks_55_3mlneuro_in6-mo_12-mot-billsontuesday-090351

* Bosnia *

Judges picked for Kosovo Constitutional Court May 15, 2009, 17:15 CET | Story | B92 The Kosovo assembly has selected six judges to serve in the Kosovo Constitutional Court, four of whom are Albanians. One judge is a Serb and the other a Turk. >http://seenews.com/news/latestnews/judgespickedforkosovoconstitutionalcourt-171537267

"Govt. to launch public works program" May 15, 2009, 17:15 CET | Story | B92 Economy Minister Mlađan Dinkić says the government will next week adopt a public works program to create jobs for around 10,000 people throughout the country. Implementation of the program should begin in mid-2009, Dinkić said in a statement for the Friday edition of Belgrade daily Večernje Novosti. >http://seenews.com/news/latestnews/_govt_tolaunchpublicworksprogram_-171521316

KPS to suspend Serbs’ wages May 15, 2009, 17:15 CET | Story | B92 Serb Kosovo Police Service officers who have not gone to work since Kosovo’s unilateral independence declaration will longer receive their wages, the KPS says. In a statement, the KPS adds that some 300 Serb officers will be affected, and that they will be on unpaid leave from now on. They had been receiving their wages regularly up until now. >http://seenews.com/news/latestnews/kpstosuspendserbs___wages-171504621

Prosecution demands life for alleged Višegrad butchers May 15, 2009, 16:45 CET | Story | B92 The Hague Tribunal Prosecution has called for life sentences for Milan and Sredoje Lukić for crimes against Muslims in Višegrad from 1992 to 1994. “Given the exceptional gravity of the crimes they committed, the prosecution proposes that both accused spend the rest of their lives in prison,“ states the prosecution’s final submission, published by the Hague court today. At the same time, first accused Milan Lukić has called for his client to be acquitted on all counts of the indictment. >http://seenews.com/news/latestnews/prosecutiondemandslifeforallegedvi__egradbutchers-164505693

EBRD Lends 50 Mln Euro to Bosnian Subsidiary of Croatia’s Agrokor for Business Expansion May 15, 2009, 16:40 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), May 15 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Friday it is lending 50 million euro ($68 million) to Bosnian retail company Konzum, owned by Croatia’s privately-owned concern Agrokor, to restructure its balance sheet and expand its retail network. >http://seenews.com/news/latestnews/ebrdlends50mlneurotobosniansubsidiaryofcroatia_sagrokorforbusiness-163011

Bosnian Stock Indices End Week Mixed May 15, 2009, 16:24 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), May 15 (SeeNews) – Bourse indices in Bosnia’s Sarajevo mostly fell this week in dull trading, while those in Banja Luka gained ground, a broker said on Friday. >http://seenews.com/news/latestnews/bosnianstockindicescloseweekmixed-161210

Montenegro’s Vujanović to visit Serbia May 15, 2009, 16:15 CET | Story | B92 Montenegrin President Filip Vujanović is to make a three-day visit to Belgrade from May 18 to 20, Podgorica confirmed today. Vujanović will meet with his Serbian counterpart Boris Tadić and other Serbian officials. >http://seenews.com/news/latestnews/montenegro_svujanovi__tovisitserbia-161521426

Gay march promised for Eurovision final May 15, 2009, 16:15 CET | Story | B92 This year’s Eurovision song contest in Moscow has highlighted Russia’s tough stance against some of the event’s most ardent enthusiasts – the gay community. The Dutch entrants – De Toppers – said they would boycott the competition if the authorities clamped down on a banned gay parade planned for Saturday, the day of the final. >http://seenews.com/news/latestnews/gaymarchpromisedforeurovisionfinal-16150534

Depeche Mode cancels Belgrade show May 15, 2009, 15:45 CET | Story | B92 Depeche Mode have cancelled their concert in Belgrade, scheduled for May 20, as part of the Tuborg Green Fest, owing to health problems. Singer David Gahan’s health has worsened since he fell ill before the group’s concert in Athens on May 12. >http://seenews.com/news/latestnews/depechemodecancelsbelgradeshow-154504814

Russia: Planned European security treaty not aimed at NATO May 15, 2009, 15:15 CET | Story | B92 Russia’s proposals for a new European security treaty are not aimed against NATO, Russian President Dmitry Medvedev said. "A new document should be drafted to ensure security in Europe and it should not be aimed against NATO," Medvedev said in an interview with Rossiya TV channel to be aired on Saturday. >http://seenews.com/news/latestnews/russia_plannedeuropeansecuritytreatynotaimedatnato-151505339

EULEX to tighten customs checks May 15, 2009, 14:45 CET | Story | B92 EULEX has announced tightened controls of commercial vehicles entering Kosovo starting on May 20, in order to clamp down on smuggling and illegal activities. The EU’s mission to Kosovo stated that from May 20, EULEX customs would be taking copies of all commercial vehicle drivers’ personal IDs, as well as of trading licenses and all accompanying documentation to products being transported across administrative line checkpoints 1 and 31. >http://seenews.com/news/latestnews/eulextotightencustomschecks-144521637

Bosnian IM: Glavaš abusing dual citizenship May 15, 2009, 14:45 CET | Story | B92 Bosnian Interior Minister Tarik Sadović says that the Branimir Glavaš case shows the extent of the abuse of the institution of dual citizenship. “It’s well-known that Croatia has a constitutional barrier to the extradition of its citizens, as does Bosnia. Naturally, people accused and convicted of the most serious crimes, including war crimes, organized crime, and corruption simply stroll off to the other country and triumphantly declare: ’This is my true homeland,’“ Sadović told Radio Free Europe. >http://seenews.com/news/latestnews/bosnianim_glava__abusingdualcitizenship-144505129

Sejdiu urges Serbs to vote May 15, 2009, 14:15 CET | Story | B92 Kosovo President Fatmir Sejdiu has called on Kosovo Serbs and their political parties to participate in local elections, according to Kosovo daily Zeri. Sejdiu told the BBC that the Kosovo institutions would not pressurize the Serb community, but would offer active participation in the election process. >http://seenews.com/news/latestnews/sejdiuurgesserbstovote-141504752

Foreign player to enter telecom market May 15, 2009, 13:45 CET | Story | B92 Greenhouse Telecommunications has received EUR 22.5mn from the European Bank for Reconstruction and Development and other investors to enter the Serbian market. Greenhouse’s chairman told a press conference that the company had taken over internet operators Media Works and Neobi Net, and was negotiating six other takeovers. >http://seenews.com/news/latestnews/foreignplayertoentertelecommarket-134505645

Power restored in Klina municipality May 15, 2009, 13:10 CET | Story | B92 Serbs in the village of Grabac, in the Kosovo municipality of Klina, had had their power supply restored yesterday evening. Grabac village official Radonja Magić told the Beta news agency that Kosovo Electric Corporation (KEK) workers had turned the electricity in the village back on at about 21:00 CET last night, and had announced that Berkovo would be also be receiving electricity again during the course of the night. >http://seenews.com/news/latestnews/powerrestoredinklinamunicipality-131025384

Jat to resume flights to Dubrovnik May 15, 2009, 12:35 CET | Story | B92 Jat Airways has announced plans to restore the seasonal Belgrade-Dubrovnik route in the middle of June. According to a statement from Jat, the plans to establish an air link between Dubrovnik and Belgrade, as soon as the necessary conditions are in place, were outlined on Wednesday in Dubrovnik, at a meeting of representatives from Jat and Dubrovnik airport. >http://seenews.com/news/latestnews/jattoresumeflightstodubrovnik-123553476

Obama "to revive military trials" May 15, 2009, 12:35 CET | Story | B92 U.S. President Barack Obama is expected to announce on Friday that he is reviving military trials for some of the detainees at Guantanamo Bay. But legal rights for defendants facing the military commissions will be significantly improved, officials said. >http://seenews.com/news/latestnews/obama_torevivemilitarytrials_-123536687

Putin, Berlusconi to attend South Stream signing May 15, 2009, 12:05 CET | Story | B92 The agreement on the construction of the South Stream gas pipeline will be signed today in the Russian city of Sochi. Srbijagas CEO Dušan Bajatović will be signing the agreement on Serbia’s behalf, and the signing ceremony, which will also include an annex agreement signed between Italy and Russia’s state gas companies, will be attended by Prime Ministers Silvio Berlusconi and Vladimir Putin. >http://seenews.com/news/latestnews/putin_berlusconitoattendsouthstreamsigning-120505861

Benedict gets mixed results in Israel May 15, 2009, 11:30 CET | Story | B92 It is the last day of the Pope’s visit to the holy land. He flies back to Rome later today, leaving behind him many unanswered questions, and many of the same doubts that greeted him on his arrival in the papacy. >http://seenews.com/news/latestnews/benedictgetsmixedresultsinisrael-113020718

Sanader compared to Milošević May 15, 2009, 11:30 CET | Story | B92 The chair of the Slovenian parliament’s Foreign Political Committee has compared comments by Ivo Sanader to “rhetoric of Milošević’s Greater Serb nationalism.“ Ivo Vajgl sent a letter to the Croatian parliament last night in reaction to the Croatian prime minister’s statement on Wednesday in the town of Gospić, when he said that the Slovenian leadership was pursuing a weak policy. >http://seenews.com/news/latestnews/sanadercomparedtomilo__evi__-113004393

Bosnia C-bank March Foreign Reserves Slip 0.2% M/M to 3.1 Bln Euro - Table May 15, 2009, 11:17 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), May 15 (SeeNews) - The gross foreign reserves of Bosnia’s central bank, CBBH, totalled 6.055 billion marka ($4.2 billion/3.1 billion euro) at the end of March, down from 6.066 billion the end of February, central bank data showed on Friday. >http://seenews.com/news/latestnews/bosniac-bankmarchforeignreservesslip0_2_m_mto3_1blneuro-table-111106

Mesić: Serbia must look after Albanians May 15, 2009, 10:55 CET | Story | B92 Croatian President Stjepan Mesić says that the “Serbian political elite must take care of the Albanians in Kosovo.” He told AI Television that “after Milošević’s brutal aggression on almost all of Yugoslavia, and also Kosovo, cooperation between Serbia and Kosovo should have been expected. However, the Serbian political elite only took care of the Serbs. They have to look after the Albanians in Kosovo as well, and in that manner tie the Albanians to Serbia if they want Kosovo to remain in Serbia.” >http://seenews.com/news/latestnews/mesi___serbiamustlookafteralbanians-105521732

Pakistani army relaxes Swat curfew, people flee May 15, 2009, 10:55 CET | Story | B92 Pakistani authorities temporarily lifted a curfew on Friday to enable thousands of people to flee the fighting in the militant bastion of Swat. They join more than 800,000 who have already left. >http://seenews.com/news/latestnews/pakistaniarmyrelaxesswatcurfew_peopleflee-105504891

Bosnia Schedule of Events - May 15 - Oct 7 May 15, 2009, 10:32 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), May 15 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through October 7. New or amended entries are marked (*). >http://seenews.com/news/latestnews/bosniascheduleofevents-may15-oct7-102356

Radio B92 celebrates 20th birthday May 15, 2009, 10:20 CET | Story | B92 Radio B92 today celebrates its 20th birthday and members of the public can join in the celebrations in Belgrade’s Pioneer park. Radio B92—a former Belgrade local radio station whose listening figures were disproportionate to the influence it gained, and which blossomed into a national media network famous for broaching new issues, shaking up the public scene and forging a characteristic aesthetic for itself—celebrates its 20th birthday today. >http://seenews.com/news/latestnews/radiob92celebrates20thbirthday-102022192

Biden arriving in Belgrade on Wednesday May 15, 2009, 10:20 CET | Story | B92 U.S. Vice-President Joe Biden will be arriving in Belgrade next Wednesday, B92 has learned. His visit to the region, which begins on Monday, will take in Kosovo, Bosnia-Herzegovina and then back to Serbia proper. >http://seenews.com/news/latestnews/bidenarrivinginbelgradeonwednesday-102005608

Zannier, Ivanović discuss Kosovo problems May 15, 2009, 09:50 CET | Story | B92 Kosovo Ministry State Secretary Oliver Ivanović and UNMIK Chief Lamberto Zannier met yesterday in Kosovska Mitrovica to discuss the current problems in Kosovo. “A solution to the problems in the suburb of Brđani and the power cuts for the Serbs in Kosovo can be reached through dialogue and work with task forces. That’s the only way to prevent politicization of these issues,“ read a statement from the Kosovo Ministry. >http://seenews.com/news/latestnews/zannier_ivanovi__discusskosovoproblems-095005197

Inzko says no to "Dayton Two" May 14, 2009, 19:10 CET | Story | SETimes SARAJEVO, Bosnia and Herzegovina (BiH) — High Representative Valentin Inzko says there are no indications so far of any new international conference... >http://seenews.com/news/latestnews/inzkosaysnoto_daytontwo_-191043170

MUP, army special forces team up for exercise May 14, 2009, 19:10 CET | Story | B92 Serbian police (MUP) and army (VS) special units today carried out an exercise at the police training center in Kula, northern Serbia. MUP’s top formations: Special Antiterrorist Unit (SAJ), Counter-Terrorist Unit (PTJ) and Gendarmerie (Žandarmerija) were joined by the Serbian Army (VS) Kobre Special Battalion, members of the French RAID and special police units from Croatia, Bosnia, Montenegro and Bulgaria. >http://seenews.com/news/latestnews/mup_armyspecialforcesteamupforexercise-191004750

* Bulgaria *

Bulgarian Shares Rise, Investors Remain Cautious May 15, 2009, 18:14 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) – The Bulgarian share indices rose amid cautious market sentiment on Friday, brokers said. >http://seenews.com/news/latestnews/bulgariansharesrise_investorsremaincautious-180323

Russia’s Gazprom Signs Deals with Bulgarian, Greek, Serbian Firms on South Stream May 15, 2009, 17:38 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) – Russia’s Gazprom signed on Friday agreements with energy companies from Bulgaria, Greece and Serbia for the construction of South Stream gas pipeline designed to carry Russian gas to western Europe, Russian news agency Ria Novosti reported. >http://seenews.com/news/latestnews/russia___sgazpromsignsagreementsbulgarian_greek_serbianfrimsonsouthstream-173042

Bulgarian Printing/Ad Firm Billboard Seeks Investor in 51.5 Mln Euro Project, Sees Steady Growth by ’15 May 15, 2009, 16:54 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Bulgarian printing and advertising company Billboard said on Friday it will seek an investor to help it build a 100.7 million levs ($69.7 million/51.5 million euro) printing factory near the capital Sofia. >http://seenews.com/news/latestnews/bulgarianprinting_adfirmbillboardseeksinvestorsin51_5mlneuroproject_sees-163317

Bulgarian Voluntary Health Insurance Market Rises 19.7% to 15.5 Mln Euro in 2008 May 15, 2009, 16:37 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - The gross premium income of the 20 voluntary health insurers active in Bulgaria rose by 19.7% last year to 30.3 million levs ($21.1 million/15.5 million euro), Bulgaria’s financial watchdog said on Friday. >http://seenews.com/news/latestnews/bulgarianvoluntaryhealthinsurersgrosspremiumincomerises19_7_to15_5mlneuro-161819

Bulgarian-based VETS Popsko To Invest 29.6 Mln Euro in Wind Farm May 15, 2009, 16:28 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Bulgarian-based renewable energy company VETS Popsko will invest 58 million levs ($40.2 million/29.6 million euro) in the construction of a 27-megawatt (MW) wind farm in southern Bulgaria, the country’s investment promotion agency said on Friday. >http://seenews.com/news/latestnews/bulgarian-basedvetspopskotoinvest-151805

Bulgaria’s Kavarna Municipality Places 3.0 Mln Euro Bond May 15, 2009, 16:11 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Bulgaria’s Kavarna municipality issued a 3.0 million euro ($4.1 million) bond privately placed with international investors, the municipality and the manager of the issue said on Friday. >http://seenews.com/news/latestnews/bulgaria___skavarnaplaces3_0mlneurobond-160341

The end of “Kremikovtzi” came May 15, 2009, 15:45 CET | Story | News.BG There are no working equipments and installations in the enterprise >http://seenews.com/news/latestnews/theendof___kremikovtzi___came-154521921

Bulgaria Steel Workers Clash with Police May 15, 2009, 15:15 CET | Story | BalkanInsight.com A rally of steel workers from Bulgaria’s Kremikovtzi steel mill turned violent Friday as theytried to storm the Economy and Energy Ministry in Sofia. >http://seenews.com/news/latestnews/bulgariasteelworkersclashwithpolice-151533596

Net Assets of Bulgarian Private Pension Funds Rise 5.75% Y/Y at End-March May 15, 2009, 15:05 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - The net assets of the private pension funds operating in Bulgaria rose by 5.75% on the year to 2.4 billion levs ($1.67 billion/1.23 billion) at the end of March, the country’s financial watchdog said on Friday. >http://seenews.com/news/latestnews/netassetsofbulgarianprivatepensionfundsrise5_75_y_yatend-march-144946

UPDATE 1 - Bulgargaz Cuts Gas Supplies to Insolvent Kremikovtzi Bulgarian Steel Mill May 15, 2009, 15:00 CET | Story | SeeNews (adds quotes, details) >http://seenews.com/news/latestnews/update1-bulgargazcutsgassuppliestoinsolventsteelmillkremikovtzi-134205

ANALYST COMMENT - Bulgaria’s Q1 GDP Contracts 3.5% Y/Y May 15, 2009, 14:03 CET | Analysis | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Bulgaria’s gross domestic product (GDP) contracted by a preliminary 3.5% on the year in the first quarter of 2009, compared to a 7.0% growth recorded a year earlier, according to a flash estimate of the National Statistics Office (NSI) released on Friday. >http://seenews.com/news/latestnews/analystcomment-bulgaria_sq1gdpcontracts3_5_y_y-113449

Bulgarian National Bank - Balance of Payments - Mar 2009 May 15, 2009, 12:30 CET | State Agencies Reports | SeeNews In the period January – March 2009, the Current and Capital account deficit was EUR 896.1 million (2.6% of GDP*), against a deficit of EUR 1,794.4 million (5.3% of GDP) for the same period in 2008. >http://seenews.com/news/latestnews/bulgariannationalbank-balanceofpayments-mar2009-123627

Bulgarian National Bank - Foreign Direct Investment - Jan - Mar 2009 May 15, 2009, 12:22 CET | State Agencies Reports | SeeNews According to preliminary data, the Foreign direct investment in Bulgaria for January – March 2009 amounted to EUR 646.6 million (1.9% of GDP) compared to EUR 1,202.1 million (3.5% of GDP) attracted in January – March 2008. >http://seenews.com/news/latestnews/bulgariannationalbank-foreigndirectinvestment-jan-mar2009-122602

Bulgargaz Cuts Gas Supplies to Insolvent Steel Mill Kremikovtzi - Trade Union Leader May 15, 2009, 12:19 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Gas monopoly Bulgargaz on Friday cut gas supplies to Bulgaria’s insolvent steel mill Kremikovtzi, a trade union leader said on Friday after the debt-ridden plant’s long search for an investor ended in failure. >http://seenews.com/news/latestnews/bulgargazcutsgassuppliestoinsolventsteelmillkremikovtzi-tradeunionleader-121344

Bulgarian National Bank - Foreign Trade - Exports - Jan-Feb 2009 May 15, 2009, 12:15 CET | State Agencies Reports | SeeNews The Bulgarian National Bank has published its monthly data on foreign trade - exports - for the period January - February 2009. >http://seenews.com/news/latestnews/bulgariannationalbank-foreigntrade-exports-jan-feb2009-121759

UPDATE 1 - Bulgaria’s Q1 Current Account Gap Narrows to 3.2%/GDP – Table May 15, 2009, 11:38 CET | Story | SeeNews (adds details, table) >http://seenews.com/news/latestnews/update1-bulgaria_sq1currentaccountgapnarrowsto3_2__gdp___table-112946

UPDATE 1 - Bulgaria’s Q1 GDP Contracts 3.5% Y/Y - Flash Estimate May 15, 2009, 11:23 CET | Story | SeeNews (adds details) >http://seenews.com/news/latestnews/update1-bulgaria_sq1gdpcontracts3_5_y_y-flashestimate-110217

FFBH - Bulgaria Morning Update - May 15, 2009 May 15, 2009, 11:17 CET | Broker’s Report | SeeNews MARKET WRAP-UPSOFIX closed below the line on Thursday, making its forth consecutive negative move. This time the index lost 2.31% to 366.87 after 15 out of the 20 companies included in the index registered losses. The volumes remained predominantly low and the total turnover reached only BGN 1.7m. Chimimport (6C4) suffered from sell pressure in the first hour of the session and although the price decline provoked buyers, the stock closed 2.62% down at BGN 2.191 with more than 240k traded. Among the other more actively traded names were Central Cooperative Bank (4CF, BGN 1.36, -4.90%), Monbat (5MB, BGN 4.80, -3.03%) and Kaolin (6K1, BGN 3.301, -5.69%). BG40 and BGTR30 also closed bellow the line, losing 1.33% and 1.37% respectively with the major down pressure coming from Orgachim (5ORG, BGN 65.00, -3.27%) and Holding Roads (6H2, BGN 3.15, -5.97%). The real estate sector stayed out of the investor’s focus and only tiny trades were enough to push BGREIT 1.05% down to 39.44. >http://seenews.com/news/latestnews/ffbh-bulgariamorningupdate-may15_2009-102721

Bulgaria’s Q1 Current Account Gap Narrows to 3.2%/GDP May 15, 2009, 11:14 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Bulgaria’s current account gap narrowed to a preliminary 3.2% of the projected gross domestic product (GDP) in the first quarter of 2009 from a revised 5.8% of GDP a year earlier, the country’s central bank said on Friday. >http://seenews.com/news/latestnews/bulgaria_sq1currentaccountgapnarrowsto3_2__gdp-110857

BULGARIA’S Q1 C/A GAP NARROWS TO 3.2%/GDP FROM REVISED 5.8%/GDP YR AGO - C-BANK May 15, 2009, 11:09 CET | Alert | SeeNews >http://seenews.com/news/latestnews/bulgaria_sq1c_agapnarrowsto__gdpfrom_revised_5_1__gdpyrago-c-bank-103427

INTERVIEW – Freight Flow at Bulgaria’s Svishtov Port Dwindles as Global Crisis Bites May 15, 2009, 11:00 CET | Interview | SeeNews SVISHTOV (Bulgaria), May 15 (SeeNews) – The serene greenish waters of the lower Danube River slowly flow past the Bulgarian port of Svishtov in stark contrast to market turbulence caused by the global crisis that has already swept away more than half of the port operator’s freight traffic revenue. >http://seenews.com/news/latestnews/_forbranko-plse_edinanddecreaseforauthorisation_interview___bulgaria___s-193643

CEZ starts energy efficiency campaign in Bulgaria May 15, 2009, 10:55 CET | Story | News.BG Partners are Agency for energy efficiency and foundation "EcoCommunity" >http://seenews.com/news/latestnews/cezstartsenergyefficiencycampaigninbulgaria-105537920

Bulgaria’s Q1 GDP Contracts 3.5% Y/Y - Flash Estimate May 15, 2009, 10:07 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Bulgaria’s gross domestic product (GDP) contracted by a preliminary 3.5% on the year in the first quarter of 2009, compared to a 7.0% growth recorded a year earlier, according to a flash estimate of the National Statistics Office (NSI) released on Friday. >http://seenews.com/news/latestnews/bulgaria_sq1_09economygrows_contracts____y_y-flashestimate-093606

BULGARIA’S Q1 GDP CONTRACTS 3.5% Y/Y VS 7.0% GROWTH YR-AGO - STATS OFFICE FLASH ESTIMATE May 15, 2009, 10:01 CET | Alert | SeeNews >http://seenews.com/news/latestnews/bulgaria_sq1_09economygrows_contracts____y_yvs7_0_growthyr-ago-statsflash-093855

Karoll - Bulgarian Daily Newsletter - May 14, 2009 May 15, 2009, 09:23 CET | Broker’s Report | SeeNews Headlines >http://seenews.com/news/latestnews/karoll-bulgariandailynewsletter-may14_2009-080940

Bulgarian Stock Exchange - Daily Bulletin, Selected Announcements - May 14, 2009 May 15, 2009, 09:20 CET | Specialists Reports | SeeNews In connection with a letter obtained from CB Corporate Commercial Bank AD in its capacity of a bondholders’ trustee on the bond issue of Alen Mak AD-Plovdiv /9E7A/, ISIN - BG2100024061, we inform you herewith about the execution of a payment of an overdue interest and principal amount on the above mentioned issue. In that connection, the calculation of the interest accrued on the bond issue under BSE code 9E7A (ISIN: BG2100024061) shall be resumed as of 15.05.2009. >http://seenews.com/news/latestnews/bulgarianstockexchange-dailybulletin_selectedannouncements-may14_2009-074121

Bulgarian Stock Exchange - Daily Report - May 14, 2009 May 15, 2009, 09:19 CET | Specialists Reports | SeeNews The Bulgarian Stock Еxchange has published its daily report on turnover and prices for May 14, 2009. >http://seenews.com/news/latestnews/bulgarianstockexchange-dailyreport-may14_2009-073314

Bulgarian Printing/Ad Firm Billboard To Skip 2008 Dividend May 15, 2009, 09:04 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Bulgarian printing and advertising company Billboard plans to pay no dividend for 2008 and retain its net profit of 1.84 million levs ($1.28 million/941,000 euro) for the year. >http://seenews.com/news/latestnews/bulgarianprinting_adfirmbillboardtoskipdividendfor2008-084231

Bulgaria Schedule of Events - May 15 - July 5 May 15, 2009, 08:57 CET | Story | SeeNews SOFIA (Bulgaria), May 15 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bulgaria through July 5. New or amended entries are marked (*). >http://seenews.com/news/latestnews/bulgariascheduleofevents-may15-july5-082430

Bulgaria Capital Mayor Moves Closer to PM Office May 14, 2009, 23:19 CET | Story | Novinite.com Bulgarian opposition leader and Sofia mayor Boyko Borisov has taken his plans to become the country’s next prime minister a step further by firmly deciding not to run for member of parliament in the summer."I will not run for MP in the summer, even though this could cost my party GERB at least ten seats in parliament," Borisov, whose party is tipped to win the upcoming general elections, told the morning broadcast of the private TV channel bTV.He explained he has abandoned his ambitions for going into parliament, so that he can be ready to enter the office of the prime minister in case GERB win the elections.... >http://seenews.com/news/latestnews/bulgariacapitalmayormovesclosertopmoffice-231909343

Bulgaria Battered Right-Wingers Complain to EU Envoys May 14, 2009, 23:18 CET | Story | Novinite.com The recently elected leader of the biggest opposition right-wing party in Bulgaria, whose running in the upcoming European election was allegedly undermined by people close to the ruling parties, conferred with EU ambassadors on Thursday.Martin Dimitrov was accompanied by the leader of the so-called Blue coalition ballot for the upcoming European elections on June 7, former Foreign Minister Nadezhda Mihaylova."We briefed the envoys on the delay in the court registration of the new Union of Democratic Forces (UDF) leadership and the unfair play the party struggles with," Dimitrov said, following his meeting with more than twenty EU member-states ambassadors.... >http://seenews.com/news/latestnews/bulgariabatteredright-wingerscomplaintoeuenvoys-231853616

Bulgaria Cabinet Moves to Take over Sofia Garbage Collecting May 14, 2009, 23:18 CET | Story | Novinite.com The Bulgarian government approved Thursday the draft of the Sofia garbage management act with which the state is taking over the garbage collecting of the Bulgarian capital.The draft bill transfers all responsibilities of the Sofia Mayor for garbage collecting and disposal to the Minister of Regional Development and Public Works.Thus, the municipal garbage disposal tax will be supplanted by a state one.... >http://seenews.com/news/latestnews/bulgariacabinetmovestotakeoversofiagarbagecollecting-231837760

Bulgaria Right-Wingers: Only We Can Reinstate Rule of Law May 14, 2009, 23:18 CET | Story | Novinite.com Bulgaria’s five right-wing parties, which pooled their forces in a pre-election coalition, have vowed to bring back people’s trust in the rule of law."Bulgaria needs a strong right-wing government, so that people can believe once again that this is a country of the rule of law," the leader of the blue coalition ballot and former Foreign Minister Nadezhda Mihaylova said as the formation presented its runners in the MEP elections on June 7."Bulgaria’s blue summer is starting now," she added.... >http://seenews.com/news/latestnews/bulgariaright-wingers_onlywecanreinstateruleoflaw-23182220

EC Punishes Bulgaria over Fixed-Line Number Portability May 14, 2009, 23:18 CET | Story | Novinite.com The European Commission has launched an infringement procedure against Bulgaria for failing to introduce number portability for fixed-line phones, when phone users change their operator but want to keep their phone number.When it joined the European Union in 2007, Bulgaria was allowed to postpone the introduction of number portability until 1 January 2009.As required by the EU telecoms rules, phone users of all other Member States, and, since April 2008, mobile phone users in Bulgaria, can have their numbers ported to other operators.... >http://seenews.com/news/latestnews/ecpunishesbulgariaoverfixed-linenumberportability-231806316

PM Stanishev Launches Socialist Election Campaign "Bulgaria Reloaded" May 14, 2009, 23:17 CET | Story | Novinite.com Bulgaria’s Socialist Prime Minister, Sergey Stanishev, gave Thursday the start of "Bulgaria Reloaded", the election campaign of his party targeting young people.The national youth tour of the Bulgarian Socialist Party consists of a large truck and a Ferrari that are going to visit 40 cities and towns around the country from May 14 until July 3.The campaign is headed by the BSP Secretary Kiril Dobrev, and includes young people from the Bulgarian Socialist Party, including the CEO of the state-owned cigarette-maker Korneliya Ninova, as well as the popular Bulgarian house/electro band Deep Zone Project.... >http://seenews.com/news/latestnews/pmstanishevlaunchessocialistelectioncampaign_bulgariareloaded_-231750536

Bulgaria President Talks Legal Reform with Russian Chief Justice May 14, 2009, 23:17 CET | Story | Novinite.com Bulgaria’s President, Georgi Parvanov, met Thursday the Chief Justice of the Russian Federation’s Supreme Court, Vyacheslav Lebedev.During the meeting, held on the occasion of the Year of Bulgaria in Russia, the two discussed legal reforms in both Bulgaria and Russia. Lebedev presented the foundations of the changes made in the justice system of the Russian Federation.... >http://seenews.com/news/latestnews/bulgariapresidenttalkslegalreformwithrussianchiefjustice-231734738

EC Cracks Down on Deceptive Ticket Selling Practices May 14, 2009, 23:17 CET | Story | Novinite.com The EC published Thursday the results of its 18-month effort to clean up deceptive practices in airline ticket selling across Europe.The European Commission’s enforcement investigation, aimed at the crackdown on misleading advertising and unfair practices, started in September 2007.As a result, 115 airline websites out of the 137 websites investigated have been corrected.... >http://seenews.com/news/latestnews/eccracksdownondeceptiveticketsellingpractices-231718963

Sofia Mayor Borisov Breaks Leg during Sports Game May 14, 2009, 23:17 CET | Story | Novinite.com Sofia Mayor and GERB leader Boyko Borisov has broken his leg while playing a sport on Thursday.The news was announced Thursday night by the GERB Member of the European Parliament Rumyana Jeleva, as cited by BGNES.Because of breaking his leg, Borisov missed a meeting with the former French President Valery Giscard d’Estaing, who is in Bulgaria for the second time since his first visit in 2008.... >http://seenews.com/news/latestnews/sofiamayorborisovbreakslegduringsportsgame-231703343

Bulgaria Economy Minister Hopes for Europe Crisis Recovery May 14, 2009, 23:16 CET | Story | Novinite.com Petar Dimitrov, Bulgaria’s Minister of Economy and Energy, has stated that Bulgaria’s economy will not improve until the rest of Europe shows signs of recovery."More than 60% of Bulgaria’s GDP depends on the European market. And if the crisis in the EU is not over, it would be an illusion to hope that Bulgaria would make progress all by itself," Dimitrov said, cited by Bulgarian National Television.... >http://seenews.com/news/latestnews/bulgariaeconomyministerhopesforeuropecrisisrecovery-231640691

Bulgargaz Confirms Bulgaria Steel Mill Gas Cut Plans May 14, 2009, 23:16 CET | Story | Novinite.com Bulgargaz Director, Dimitar Gogov, has confirmed that the gas supply to Bulgaria’s Kremikovtzi steel mill will be cut at 2 pm Thursday.Gogov stated that unless a foreign investor signed a contract Thursday morning to fund the coke plant of the trouble steel mill, which in his opinion is very unlikely, the gas supply will be cut as forecasted.Kremikovtzi currently owes Bulgargaz BGN 105 M and according to Gogov the likelihood of this sum ever being paid is very slim, BGNES reported.... >http://seenews.com/news/latestnews/bulgargazconfirmsbulgariasteelmillgascutplans-231624977

Bulgaria Parliament Passes New Bank Deposit Law May 14, 2009, 23:16 CET | Story | Novinite.com Bulgaria’s Parliament has voted through the changes to the law on guaranteeing bank and pension fund deposits.Currently the national deposit fund has to pay all deposits of up to BGN 100 000 back to the client within a period of 45 days after a bank or its creditors inform the fund of bankruptcy. The new law that was passed by the National Assembly on Thursday envisages this period being reduced to 20 days.... >http://seenews.com/news/latestnews/bulgariaparliamentpassesnewbankdepositlaw-231609255

Bulgaria Anti-Monopoly Regulator to Probe Six Supermarkets May 14, 2009, 23:15 CET | Story | Novinite.com Bulgaria’s competition watchdog said it has launched a probe into six major supermarket chains on suspicions of monopoly practices.Germany’s Metro Cash & Carry, HIT, Kaufland, Austria’s Billa, Serbia’s Piccadilly and Latvia’s Maxima will be investigated to find out whether they had pressed suppliers to cut prices and accept late payments.None of the supermarket chains issued a comment on the probe.... >http://seenews.com/news/latestnews/bulgariaanti-monopolyregulatortoprobesixsupermarkets-231553516

Unexpected Delay in Gas Supplies Cut for Bulgarian Steel Mill May 14, 2009, 23:15 CET | Story | Novinite.com In yet another twist in the saga about the future of Bulgaria’s ailing steel mill Kremikovtzi, the energy minister surprisingly announced a new delay in gas supplies cut."The gas supplies to Bulgaria’s Kremikovtzi steel mill will not be cut at 2 pm Thursday," the ministry said in a statement, denying a morning announcement of the state gas monopoly Bulgargaz.The distribution firm had warned it would cut off deliveries over unpaid bills, closing the smelter’s major production units.... >http://seenews.com/news/latestnews/unexpecteddelayingassuppliescutforbulgariansteelmill-231537730

Bulgaria Household Income Up 9%; Expenses Up 5% May 14, 2009, 23:15 CET | Story | Novinite.com The total average income per person in a household for the month of March 2009 is BGN 287, over 9% up compared to March 2008.The data was released Thursday by the National Statistics Institute (NSI).The majority of the above income comes from salaries and retirement pensions.... >http://seenews.com/news/latestnews/bulgariahouseholdincomeup9__expensesup5_-23152210

Bulgaria Steel Mill Kremikovtzi, Brazilian CSN Negotiations Fail May 14, 2009, 23:15 CET | Story | Novinite.com The negotiations between the Brazilian metallurgy giant CSN and the management of the troubled Kremikovtzi steel mill failed to yield a positive result.The mill’s assignee in bankruptcy, Tsvetan Bankov, sent Thursday evening an official letter to Bulgaria’s Economy and Energy Ministry to inform them about the negotiations’ outcome. Bankov is adamant that the new version of the contract, proposed by CSN, did not have any practical realization.... >http://seenews.com/news/latestnews/bulgariasteelmillkremikovtzi_braziliancsnnegotiationsfail-231505858

* Croatia *

Croatian Share Indices Rise, Turnover up May 15, 2009, 17:32 CET | Story | SeeNews ZAGREB (Croatia), May 15 (SeeNews) - The indices of the Zagreb Stock Exchange (ZSE) rose in higher turnover on Friday, bourse data showed. >http://seenews.com/news/latestnews/croatianshareindicesrise_turnoverup-171002

Branimir Glavas Released from Custody May 15, 2009, 17:16 CET | Story | BalkanInsight.com The Court of Bosnia and Herzegovina has decided to release Branimir Glavas from custody, following an appeal by his defence attorney.
>http://seenews.com/news/latestnews/branimirglavasreleasedfromcustody-171607839

Croatia and Albania Through to Eurovision Final May 15, 2009, 13:11 CET | Story | BalkanInsight.com Croatia’s Igor Cukrov and Kejsi Tola competing for Albania made it through to the Eurovision Song Contest Final to be held in Moscow on Saturday. >http://seenews.com/news/latestnews/croatiaandalbaniathroughtoeurovisionfinal-131111311

Erste Securities - Flash Note - INA - Q1 2009 Financial Results - May 15, 2009 May 15, 2009, 12:30 CET | Broker’s Report | AII Data Processing Ltd INA Under reviewTarget Price: Under review / Current Price: HRK 1450.00 >http://seenews.com/news/latestnews/erstesecurities-flashnote-ina-q12009financialresults-may15_2009-115724

FIMA Stock Monitor - Morning News - May 15, 2009 May 15, 2009, 11:05 CET | Broker’s Report | AII Data Processing Ltd Cost cuts or higher VAT needed >http://seenews.com/news/latestnews/fimastockmonitor-morningnews-may15_2009-103015

Erste Securities - Croatian Equity Daily - May 15, 2009 May 15, 2009, 10:07 CET | Broker’s Report | AII Data Processing Ltd Highlights: >http://seenews.com/news/latestnews/erstesecurities-croatianequitydaily-may15_2009-093503

FIMA Stock Monitor - Daily Insight - May 14, 2009 May 15, 2009, 09:28 CET | Broker’s Report | AII Data Processing Ltd Europe extended its decline after today’s announcement of faster than expected U.S. producer prices rise in April. Asian markets finished even deeper after yesterday’s disappointing U.S. retail sales. In this conditions domestic index CROBEX retracted 1.7%, while liquidity recovered to HRK 35.7 m. >http://seenews.com/news/latestnews/fimastockmonitor-dailyinsight-may14_2009-080018

Erste Securities - Flash Note - Atlantska Plovidba - Q1 2009 Financial Results - May 14, 2009 May 15, 2009, 07:45 CET | Broker’s Report | AII Data Processing Ltd Atlantska plovidbaTarget Price: HRK / Current Price: HRK 880.00 >http://seenews.com/news/latestnews/erstesecurities-flashnote-atlantskaplovidba-q12009financialresults-may14_-154404

Glavas flees Croatia after sentence May 14, 2009, 19:10 CET | Story | SETimes The controversial Croatian politician and general fled to neighbouring Bosnia and Herzegovina to avoid serving a ten-year prison sentence. >http://seenews.com/news/latestnews/glavasfleescroatiaaftersentence-19102692

* Macedonia *

Macedonian Stock Exchange Indices End Mixed in Lower Turnover - Table May 15, 2009, 16:03 CET | Story | SeeNews SKOPJE (Macedonia), May 15 (SeeNews) – The indices of the Macedonian Stock Exchange (MSE) indices ended mixed this week in lower turnover, bourse data showed on Friday. >http://seenews.com/news/latestnews/macedonianstockexchangeindicesendmixedinlowerturnover-table-155358

Macedonia Q1 Business Sentiment Index in Retail, Construction Sectors Falls May 15, 2009, 14:28 CET | Story | SeeNews SKOPJE (Macedonia), May 15 (SeeNews) - Macedonia’s business sentiment index for the retail and construction sectors fell in the first quarter, as managers perceived the business climate in the country to be much worse than in the same period last year, the Statistics Office said on Friday. >http://seenews.com/news/latestnews/macedonia_sq1businesssentimentindexinretail_constructionsectorsfall-140925

Macedonian Fur, Leather Firm Dimko Mitrev Q1 Prelim Net Profit Falls 33.8% - Table May 15, 2009, 10:10 CET | Story | SeeNews SKOPJE (Macedonia), May 15 (SeeNews) - Macedonian leather and fur company Dimko Mitrev AD’s preliminary net profit fell by 33.8% on the year to 219,000 denars ($4,870/3,583 euro).in the first quarter of 2009. >http://seenews.com/news/latestnews/macedonianfur_leatherfirmdimkomitrevq1prelimnetprofitfalls33_8_y_y-table-084654

Macedonian Hotel Group Metropol Q1 Prelim Net Loss Rises 1.8% Y/Y - Table May 15, 2009, 09:29 CET | Story | SeeNews SKOPJE (Macedonia), May 15 (SeeNews) – Macedonian hotel operator Hoteli Metropol AD Ohrid extended its preliminary first-quarter net loss by 1.8% to 14.8 million denars ($329,678/ 242,535 euro). >http://seenews.com/news/latestnews/macedonianhotelgroupmetropolq1prelimnetlossrises1_8_y_y-table-085227

Macedonian Stock Exchange - Daily Report - May 14, 2009 May 15, 2009, 09:13 CET | Specialists Reports | SeeNews Тhe Macedonian Stock exchange has published its daily report on turnover and prices for May 14, 2009. >http://seenews.com/news/latestnews/macedonianstockexchange-dailyreport-may14_2009-071625

Macedonian Holding Company Fersped Q1 Prelim Net Profit Falls 20.2% - Table May 15, 2009, 09:12 CET | Story | SeeNews SKOPJE (Macedonia), May 15 (SeeNews) – Macedonian holding company Fersped AD reported a 20.2% annual drop to 43.144 million denars ($959,501/705,879 euro) in its preliminary net profit for the first quarter of 2009. >http://seenews.com/news/latestnews/macedonianholdingcompanyferspedq1prelimnetprofitfalls20_2_y_y-table-083847

Macedonia Schedule of Events – May 15 – June 10 May 15, 2009, 08:59 CET | Story | SeeNews SKOPJE (Macedonia), May 15 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Macedonia through June 10. New or amended entries are marked (*). >http://seenews.com/news/latestnews/macedoniascheduleofevents___may15___june10-083252

* Moldova *

Moldova’s Ruling Communist Party Nominates Scientist for President May 15, 2009, 15:35 CET | Story | SeeNews CHISINAU (Moldova), May 15 (SeeNews) - Moldova’s ruling Communist Party said on Friday scientist Stanislav Gropa is its second candidate for president of the country. >http://seenews.com/news/latestnews/moldova___srulingcommunistpartynominatessecondcandidateforpresident-152607

World Bank Lends Moldova Additional $10 Mln for Rural Project May 15, 2009, 15:07 CET | Story | SeeNews CHISINAU (Moldova), May 15 (SeeNews) - The World Bank board of directors has approved an additional financing credit for Moldova in the amount of $10 million (7.4 million euro) under the second Rural Investment and Services Project (RISP), the lender said. >http://seenews.com/news/latestnews/worldbanklendsmoldovaadditional_10mlnforruralproject-145221

Moldova’s FX Reserves Rise to $1.13 Bln in Week Ended May 8 May 15, 2009, 14:35 CET | Story | SeeNews CHISINAU (Moldova), May 15 (SeeNews) - The foreign exchange reserves held by Moldova’s central bank, BNM, totalled $1.13 billion (836 million euro) on May 8, slightly up from $1.1 billion a week earlier, BNM said on Friday. >http://seenews.com/news/latestnews/moldova_sfxreservesriseto_1_13blninweekendedmay8-142702

Moldova’s April Industrial PPI Rises 0.6% M/M, Down 4.3% Y/Y - Table May 15, 2009, 11:28 CET | Story | SeeNews CHISINAU (Moldova), May 15 (SeeNews) - Moldova’s April producer price index (PPI) for the industrial sector rose 0.6% from the previous month and was down 4.3% from a year earlier, the country’s statistics bureau said on Friday. >http://seenews.com/news/latestnews/moldova_saprilindustrialppirises0_6_m_m_down4_3_y_y-table-112054

MOLDOVA’S APRIL INDUSTRIAL PPI +0.6% M/M, -4.3% Y/Y VS +0.4% M/M, -4.9% Y/Y IN MARCH - STATS OFFICE May 15, 2009, 11:18 CET | Alert | SeeNews >http://seenews.com/news/latestnews/moldova_saprilindustrialppi_0_6_m_m_-4_3_y_yvs_0_4_m_m_-4_9_y_yinmarch—111634

Moldova Stock Exchange - Daily Report - May 14, 2009 May 15, 2009, 09:14 CET | Specialists Reports | SeeNews The Moldova Stock exchange has published its daily report on trading volumes and prices for May 14, 2009. >http://seenews.com/news/latestnews/moldovastockexchange-dailyreport-may14_2009-071155

Moldova Schedule of Events - May 15 - June 5 May 15, 2009, 08:53 CET | Story | SeeNews CHISINAU (Moldova), May 15 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through June 5. New or amended entries are marked (*). >http://seenews.com/news/latestnews/moldovascheduleofevents-may15-june5-170635

* Montenegro *

New Securities Exchange of Montenegro - Daily Report - May 14, 2009 May 15, 2009, 09:11 CET | Specialists Reports | SeeNews The New Securities exchange of Montenegro (NEX) has published its daily report on trading volumes and prices for May 14, 2009. >http://seenews.com/news/latestnews/newsecuritiesexchangeofmontenegro-dailyreport-may14_2009-070635

* Romania *

Romanian Leu Closes Flat vs Euro on Contradictory Macroeconomic Data May 15, 2009, 18:12 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - The Romanian leu closed flat versus the euro on Friday after contradictory economic data for the country caused nervousness on the market, dealers said. >http://seenews.com/news/latestnews/romanianleuclosesflatvseurooncontradictorymacroeconomicdata-175515

Romanian Stocks Rebound After Four-day Losing Streak May 15, 2009, 17:41 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - The Romanian stock indices bounced back on Friday in a correction to the past four straight days of losses, brokers said. >http://seenews.com/news/latestnews/romanianstocksreboundafter4-daylosingstreak-165012

UPDATE 1 - Romanian Aluminium Smelter Alro Q1 Net Profit Drops 77% Y/Y May 15, 2009, 17:04 CET | Story | SeeNews (updates with details from company statement) >http://seenews.com/news/latestnews/update1-romania_salroq1netprofitfallsy_y-164316

STOCKWATCH - RCB Confirms ’Buy’ Recommendation on Romania’s Petrom, Raises Target Price May 15, 2009, 16:56 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Austria’s Raiffeisen Centrobank (RCB) on Friday confirmed its ’Buy’ recommendation on Romania’s top oil and gas group Petrom and raised its target price to 0.26 lei ($0.0837/0.0619 euro) per share from 0.22 lei. >http://seenews.com/news/latestnews/_plsedit_decrease_stockwatch-rcbconfirms_buy_recommendationonromania_s-151603

Some 130,800 Shares of Romania’s Oil Transporter Conpet Trade for 4.96 Mln Lei (1.2 Mln Euro) May 15, 2009, 16:06 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - A total of 130,800 shares of Romania’s oil pipeline operator Conpet changed hands for a combined 4.96 million lei ($1.6 million/1.2 million euro) in 13 transactions on the over-the-counter market RASDAQ on Friday, bourse data showed. >http://seenews.com/news/latestnews/some130_800sharesofromania___soiltransporterconpettradefor4_96mlnlei_1_2-155556

Romania’s State-owned CEC Bank 4-mo Net Profit Falls 57.4% May 15, 2009, 14:54 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s last state-owned bank, CEC, said on Friday its net profit fell to 20.3 million lei ($6.5 million/4.8 million euro) through April from 47.7 million a year earlier. >http://seenews.com/news/latestnews/romania_sstate-ownedcecbank_sjan-aprilnetprofitfalls57_4_y_y-141950

ANALYST COMMENT – Romania’s Economy Shrinks by 6.4% Y/Y in Q1, Fails Expectations May 15, 2009, 14:47 CET | Analysis | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s gross domestic product (GDP) shrank by an annual 6.4% in the first quarter of 2009 taking by surprise analysts, who were expecting a smaller contraction. >http://seenews.com/news/latestnews/analystcomment___romania_seconomyshrinksby6_4_y_yinq1_beyondexpectations-141919

Romanian Insurer Generali Asigurari’s Q1 Premium Income Rises 11% Y/Y May 15, 2009, 14:03 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) – The first-quarter premium income of Romania’s Generali Asigurari, a unit of Austrian insurer Generali Holding Vienna, rose by an annual 11% to 120.1 million lei ($39 million/29 million euro), the unit said. >http://seenews.com/news/latestnews/romanianinsurergeneraliasigurari_sq1premiumincomeup11_y_y-134429

UPDATE 1 - Romania’s Q1 C/A Gap Narrows 82.1% Y/Y to 709 Mln Euro May 15, 2009, 13:16 CET | Story | SeeNews (adds details) >http://seenews.com/news/latestnews/update1-romania_sq1c_agapnarrows82_1_y_yto709mlneuro-130619

Raiffeisen Capital & Investment - Flamingo First Impression - Q1 2009 - May 15, 2009 May 15, 2009, 12:29 CET | Broker’s Report | SeeNews Expectations met (neutral) >http://seenews.com/news/latestnews/raiffeisencapital_investment-flamingofirstimpression-q12009-may15_2009-114342

Romanian Plastics Maker Romcarbon Hikes Capital by 7.8 Mln Lei (1.9 Mln Euro), Below Plan May 15, 2009, 12:24 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romanian plastics manufacturer Romcarbon has raised capital by 7.8 million lei ($2.5 million/1.9 million euro) to 26.4 million lei via a rights issue, below earlier plans for a hike of 8.6 million lei, the company said on Friday. >http://seenews.com/news/latestnews/romanianplasticsmakerromcarbonhikescapitalby7_8mlnlei_1_9mlneuro_to26_4-121259

Romania’s Total Foreign Debt Falls to 71.632 Bln Euro at End-March - Table May 15, 2009, 12:07 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s end-March total foreign debt fell by 1.9% from the end of 2008 to 71.632 billion euro ($97.3 billion), including 51.115 billion euro in long-term and medium-term debt, the country’s central bank said on Friday. >http://seenews.com/news/latestnews/romania_stotalforeigndebtfallsto71_632blneuroatend-march-table-114432

Romania Awards Spanish Firms 66.9 Mln Euro Contract To Build Infrastructure Around Future Bridge over Danube May 15, 2009, 11:57 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) – Romania’s Transport Ministry has signed a 66.9 million euro ($91 million) contract with Spanish firms Azvi and Vimac to build road and railway infrastructure around a future bridge over the Danube river, the ministry said. >http://seenews.com/news/latestnews/romaniangovtsigns66_9mlneurocontracttobuildinfrastructurearoundfuture-110425

Romania’s Prodplast Reports 1,401,955 Lei in Q1 2009 Net Result Vs 777,095 Lei Year Ago – Table May 15, 2009, 11:56 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Prodplast issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_sprodplastreports1_401_955leiinq12009netresultvs777_095lei-115657576

Romania’s Electroputere Reports -545,299 Lei in Q1 2009 Net Result Vs -7,135,443 Lei Year Ago – Table May 15, 2009, 11:56 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Electroputere issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_selectroputerereports-545_299leiinq12009netresultvsleiyear-11564097

Romania’s Agras Vienna Insurance Group Reports -419,888 Lei in Q1 2009 Net Result Vs -642,675 Lei Year Ago – Table May 15, 2009, 11:56 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Agras Vienna Insurance Group issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_sagrasviennainsurancegroupreports-419_888leiinq12009netvs-115622810

Romania Press Review - May 15 May 15, 2009, 11:30 CET | Story | BalkanInsight.com Here are the top stories in Romania’s main newspapers. Balkan Insight has not verified the reports and cannot vouch for their accuracy.

>http://seenews.com/news/latestnews/romaniapressreview-may15-113048437

Romania’s Q1 C/A Gap Narrows 82.1% Y/Y to 709 Mln Euro May 15, 2009, 11:28 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s current account deficit narrowed by 82.1% on the year to an estimated 709 million euro ($962 million) in the first quarter thanks to shrinking trade gap, the country’s central bank said on Friday. >http://seenews.com/news/latestnews/romania_sq1c_agapnarrows82_1_y_yto709mlneuro-112448

SocGen’s Romanian Unit Interested in Financing Second Pair of Reactors at Cernavoda N-Plant – Media May 15, 2009, 11:27 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romanian Development Bank, BRD, majority-owned by French banking group Societe Generale, is interested in providing financing for the construction of a second pair of reactors at Romania’s sole nuclear power plant in Cernavoda, a Bucharest-based daily reported on Friday. >http://seenews.com/news/latestnews/socgen_sromanianunitinterestedtofinancebuildingofsecondpairofreactorsat-101212

Jan-March FDI in Romania Falls to 1.456 Bln Euro - C-Bank May 15, 2009, 11:26 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Foreign direct investment (FDI) in Romania fell to 1.456 billion euro ($1.978 billion) in the first three months of 2009 from 1.691 billion euro a year earlier, the country’s central bank, BNR, said on Friday. >http://seenews.com/news/latestnews/jan-marchfdiinromaniafallsto1_456blneuro-c-bank-112331

ROMANIA’S Q1 C/A GAP NARROWS TO 709 MLN EURO FROM 3.955 BLN EURO YR-AGO - C-BANK May 15, 2009, 11:11 CET | Alert | SeeNews >http://seenews.com/news/latestnews/romania_sq1c_agapnarrowsto709mlneurofrom3_955blneuroyr-ago-c-bank-110807

JAN-MARCH FDI IN ROMANIA FALLS TO 1.456 BLN EURO FROM 1.691 BLN EURO YR-AGO - C-BANK May 15, 2009, 11:10 CET | Alert | SeeNews >http://seenews.com/news/latestnews/jan-marchfdiinromaniafallsto1_456blneurofrom1_691blneuroyr-ago-c-bank-110807

ROMANIA’S FOREIGN DEBT FALLS TO 71.632 BLN EURO AT END-MARCH FROM 73.004 BLN EURO AT END-2008 - C-BANK May 15, 2009, 11:02 CET | Alert | SeeNews >http://seenews.com/news/latestnews/_hold_______romania_send-marchtotalforeigndebtfallsto71_632blneurofrombln-105713

Raiffeisen Capital & Investment - Company News - Alumil - Q1 2009 Results (positive) - May 15, 2009 May 15, 2009, 10:35 CET | Broker’s Report | SeeNews The aluminium profile producer, Alumil (ALU), reported its 1Q 09 results under RAS, which came above our expectations. While the top line went down 13% yoy, it was still 4% above our estimates. As it was expected, Alumil sales were helped by on-going projects started last year, which explains the 4% growth yoy in the sales of own production. On the cost side, Alumil surprised us by much lower raw material costs (down 20% yoy), as the weaker aluminium prices helped the company preserve its margins. The evolution of salaries expenses (up 7% yoy) proved management ability to control its production costs. Thus, the operating profit was up 22% yoy to RON 3.5 mn, which is more than 2x over our estimates of RON 1.8 mn. In line with our forecasts, the financial items had a small impact on the bottom line, which came in at RON 3.1 mn - up 22% yoy and 2.2x above our estimates. We consider the results as positive and will adjust our planning model accordingly. >http://seenews.com/news/latestnews/raiffeisencapital_investment-companynews-alumil-q12009results_positive_—102326

Raiffeisen Capital & Investment - Teraplast First Impression - Q1 2009 - May 15, 2009 May 15, 2009, 10:07 CET | Broker’s Report | SeeNews Generally in line with expectations (neutral) >http://seenews.com/news/latestnews/raiffeisencapital_investment-teraplastfirstimpression-q12009-may15_2009-100132

Ieba Trust - Market Daily Monitor - May 15, 2009 May 15, 2009, 10:03 CET | Broker’s Report | SeeNews Market Comment >http://seenews.com/news/latestnews/iebatrust-marketdailymonitor-may15_2009-095504

Romania’s Q1 GDP Falls 6.4% Y/Y - Flash Estimate May 15, 2009, 09:54 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s gross domestic product (GDP) contracted by an annual 6.4% in the first quarter of 2009 and fell 2.6% from the fourth quarter of last year, a flash estimate of the country’s statistics board, INS, indicated on Friday. >http://seenews.com/news/latestnews/_hold______romania_s2008gdpgrowsbyreal7_1_toestimated503_9blnlei_117bln-192151

Romania’s Teraplast Reports 2,578,769 Lei in Q1 2009 Net Result Vs 2,429,086 Lei Year Ago – Table May 15, 2009, 09:34 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Teraplast issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_steraplastreports2_578_769leiinq12009netresultvs2_429_086-093435560

Romania’s Sinteza Reports 69,067 Lei in Q1 2009 Net Result Vs 21,455 Lei Year Ago – Table May 15, 2009, 09:34 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Sinteza issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_ssintezareports69_067leiinq12009netresultvs21_455leiyearago-09341744

Romania’s SIF 5 Oltenia Reports 12,627,378 Lei in Q1 2009 Net Result Vs 1,573,764 Lei Year Ago – Table May 15, 2009, 09:34 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s SIF 5 Oltenia issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_ssif5olteniareports12_627_378leiinq12009netresultvsleiyear-093359730

Romania’s SIF 2 Moldova Reports 4,170,714 Lei in Q1 2009 Net Result Vs 11,839,901 Lei Year Ago – Table May 15, 2009, 09:33 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s SIF 2 Moldova issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_ssif2moldovareports4_170_714leiinq12009netresultvsleiyear-093342236

Romania’s Rompetrol Well Services Reports 4,084,852 Lei in Q1 2009 Net Result Vs 5,956,200 Lei Year Ago – Table May 15, 2009, 09:33 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Rompetrol Well Services issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_srompetrolwellservicesreports4_084_852leiinq12009netresult-093325154

Romania’s Oil Terminal Reports 2,931,251 Lei in Q1 2009 Net Result Vs 389,615 Lei Year Ago – Table May 15, 2009, 09:33 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Oil Terminal issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_soilterminalreports2_931_251leiinq12009netresultvs389_615-093307589

Romania’s Mecanica Ceahlau Reports -988,055 Lei in Q1 2009 Net Result Vs -354,647 Lei Year Ago – Table May 15, 2009, 09:32 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Mecanica Ceahlau issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_smecanicaceahlaureports-988_055leiinq12009netresultvsleiago-093249832

Romania’s Impact Reports 1,289,398 Lei in Q1 2009 Net Result Vs 5,133,787 Lei Year Ago – Table May 15, 2009, 09:32 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Impact issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_simpactreports1_289_398leiinq12009netresultvs5_133_787lei-093215177

ROMANIA’S IMPACT REPORTS 1,289,398 LEI IN Q1 2009 NET RESULT VS 5,133,787 LEI YEAR AGO May 15, 2009, 09:32 CET | Alert | SeeNews >http://seenews.com/news/latestnews/romania_simpactreports1_289_398leiinq12009netresultvs5_133_787lei-093214946

Romania’s Flamingo International Reports -13,323,174 Lei in Q1 2009 Net Result Vs -2,778,722 Lei Year Ago – Table May 15, 2009, 09:31 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Flamingo International issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_sflamingointernationalreports-13_323_174leiinq12009netvslei-093157320

Romania’s Dafora Reports 178,237 Lei in Q1 2009 Net Result Vs 151,052 Lei Year Ago – Table May 15, 2009, 09:31 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Dafora issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_sdaforareports178_237leiinq12009netresultvs151_052leiyear-093140135

Romania’s Transilvania Constructii Reports 1,269,178 Lei in Q1 2009 Net Result Vs 0 Lei Year Ago – Table May 15, 2009, 09:31 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Transilvania Constructii issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_stransilvaniaconstructiireports1_269_178leiinq12009netvslei-093122171

Romania’s Mechel Targoviste Reports -31,063,432 Lei in Q1 2009 Net Result Vs 12,688,280 Lei Year Ago – Table May 15, 2009, 09:31 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Mechel Targoviste issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_smecheltargovistereports-31_063_432leiinq12009netresultvs-093103856

Raiffeisen Capital & Investment - Romanian Small Caps - Q1 2009 Results - May 15, 2009 May 15, 2009, 09:30 CET | Broker’s Report | SeeNews Comelf 1Q 2009 results Comelf (CMF), a producer of environment protection equipment, has posted the 1Q 09 results, with 44% yoy drop of sales to RON 19.1 mn. The company blamed this development on the abrupt decrease of orders. The operating revenues fell 42% yoy to RON 19.5 mn while the operating expenses dropped 40% yoy to RON 18.5 mn, CMF having said that it introduced a cost cutting program. The operating result stood at RON 1.0 mn, down 69% yoy while a RON 1.1 mn net financial loss pushed the company into red. Therefore, CMF posted for the quarter a net loss of RON 0.2 mn, compared to a profit of RON 1.3 mn a year before. >http://seenews.com/news/latestnews/raiffeisencapital_investment-romaniansmallcaps-q12009results-may15_2009-091223

Romania’s Compa Reports 76,840 Lei in Q1 2009 Net Result Vs 2,531,033 Lei Year Ago – Table May 15, 2009, 09:30 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Compa issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_scompareports76_840leiinq12009netresultvs2_531_033leiyear-093045990

Romania’s Casa De Bucovina – Club De Munte Reports -33,333 Lei in Q1 2009 Net Result Vs -547,836 Lei Year Ago – Table May 15, 2009, 09:30 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Casa De Bucovina – Club De Munte issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_scasadebucovina___clubdemuntereports-33_333leiinq12009netvs-093028739

Romania’s Antibiotice Reports 10,563,635 Lei in Q1 2009 Net Result Vs 7,020,137 Lei Year Ago – Table May 15, 2009, 09:30 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Antibiotice issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_santibioticereports10_563_635leiinq12009netresultvsleiyear-092953775

ROMANIA’S ANTIBIOTICE REPORTS 10,563,635 LEI IN Q1 2009 NET RESULT VS 7,020,137 LEI YEAR AGO May 15, 2009, 09:29 CET | Alert | SeeNews >http://seenews.com/news/latestnews/romania_santibioticereports10_563_635leiinq12009netresultvsleiyear-092953602

Romania’s Alumil Rom Industry Reports 3,126,267 Lei in Q1 2009 Net Result Vs 2,574,866 Lei Year Ago – Table May 15, 2009, 09:29 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Alumil Rom Industry issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_salumilromindustryreports3_126_267leiinq12009netresultvslei-092935892

Romania’s Alro Reports 27,327,201 Lei in Q1 2009 Net Result Vs 118,056,211 Lei Year Ago – Table May 15, 2009, 09:29 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Alro issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_salroreports27_327_201leiinq12009netresultvs118_056_211lei-092918202

Raiffeisen Capital & Investment - Investment Daily Romania - May 15, 2009 May 15, 2009, 09:28 CET | Broker’s Report | SeeNews In the news >http://seenews.com/news/latestnews/raiffeisencapital_investment-investmentdailyromania-may15_2009-090555

Raiffeisen Capital & Investment - Corporate Events - May 18-24, 2009 May 15, 2009, 09:26 CET | Broker’s Report | SeeNews Corporate Actions >http://seenews.com/news/latestnews/raiffeisencapital_investment-corporateevents-may18-24_2009-075025

Romania’s Rompetrol Rafinare Reports -291,904,701 Lei in Q1 2009 Net Result Vs -34,327,045 Lei Year Ago – Table May 15, 2009, 09:23 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Romania’s Rompetrol Rafinare issued the following financial figures in a statement to the Bucharest Stock Exchange (BVB): >http://seenews.com/news/latestnews/romania_srompetrolrafinarereports-291_904_701leiinq12009netresultvs-092257877

ROMANIA’S ROMPETROL RAFINARE REPORTS -291,904,701 LEI IN Q1 2009 NET RESULT VS -34,327,045 LEI YEAR AGO May 15, 2009, 09:22 CET | Alert | SeeNews >http://seenews.com/news/latestnews/romania_srompetrolrafinarereports-291_904_701leiinq12009netresultvs-092257615

Bucharest Stock Exchange - Daily Report - Regulated Market - May 14, 2009 May 15, 2009, 09:18 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its daily report on trading volumes and prices on the regulated market for May 14, 2009. >http://seenews.com/news/latestnews/buchareststockexchange-dailyreport-regulatedmarket-may14_2009-072329

Bucharest Stock Exchange - Daily Report - RASDAQ Market - May 14, 2009 May 15, 2009, 09:17 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its daily RASDAQ market report for May 14, 2009. >http://seenews.com/news/latestnews/buchareststockexchange-dailyreport-rasdaqmarket-may14_2009-072930

ROMANIA’S Q1 GDP FALLS BY ESTIMATED 6.4% Y/Y- STATS BOARD May 15, 2009, 09:05 CET | Alert | SeeNews >http://seenews.com/news/latestnews/_hold______romania_sq1gdprises_fallsbyxxxx_y_ytoestimatedxxxblnlei_xxxbln-191844

Romania Schedule of Events - May 15 - Oct 19 May 15, 2009, 08:52 CET | Story | SeeNews BUCHAREST (Romania), May 15 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through October 19. New or amended entries are marked (*). >http://seenews.com/news/latestnews/romaniascheduleofevents-may15-oct19-165447

Winners and losers in the first quarter of decline May 14, 2009, 23:00 CET | Story | Business Standard Before the National Institute of Statistics (INS) releases the official data regarding the evolution of Romania’s Gross Domestic Product (GDP) for Q1 2009, one thing is certain: this was the first quarter of economic decline in the past nine years. >http://seenews.com/news/latestnews/winnersandlosersinthefirstquarterofdecline-19451011

Isarescu: Central bank will resort to buying euro May 14, 2009, 23:00 CET | Story | Business Standard The cash reserve ratio (CRR) will plummet to 2-5 percent for both lei and foreign currency-denominated loans by 2012. The funds coming from the European Union to finance budget deficit will initially enter the reserve of the National Bank of Romania (BNR), but Treasury will convert them, most likely in lei, according to the central bank Governor Mugur Isarescu yesterday. He added that Romania will have once again access to international capital markets and should issue Eurobonds to ease the reimbursement of its other foreign loans. >http://seenews.com/news/latestnews/isarescu_centralbankwillresorttobuyingeuro-194509837

ING Bank Romania profit rose 3.5 times May 14, 2009, 23:00 CET | Story | Business Standard ING Bank Romania, one of the top ten players in the local banking system, yesterday announced profit worth RON 121 million (€28.4 mln), 3.5 times higher than the level registered in the first three months of 2008. >http://seenews.com/news/latestnews/ingbankromaniaprofitrose3_5times-194509658

BVB in a deadlock: indexes stopped the May upward trend May 14, 2009, 23:00 CET | Story | Business Standard The Bucharest Stock Exchange failed to overcome the negative trend started this week, as quotations of the top ten most liquid shares lost seven percent on average yesterday. Losses were even steeper in the case of the five financial investment companies (SIF), whose index, BET-FI, fell almost nine percent. >http://seenews.com/news/latestnews/bvbinadeadlock_indexesstoppedthemayupwardtrend-194509460

Krichbaum: Speed-up the fight against corruption May 14, 2009, 23:00 CET | Story | Business Standard Romania must take advantage of the time it has left until the country report is drafted this summer to resume the fast pace of justice reforms it had before it joined the European Union, said the President of the European Union (EU) Affairs Commission within the German Bundestag, Gunther Krichbaum. >http://seenews.com/news/latestnews/krichbaum_speed-upthefightagainstcorruption-194509274

Construction material producers: The rehab program – positive signal, small effects May 14, 2009, 23:00 CET | Story | Business Standard Thermo-insulating material producers said that the effective start of the National Thermal Rehabilitation Program, announced on Wednesday by the Development Minister Vasile Blaga, is a positive signal, but this program will solve only to a small extent the problems caused by the current deadlock in the real estate sector. >http://seenews.com/news/latestnews/constructionmaterialproducers_therehabprogram___positivesignal_-194508975

Ursus and Heineken battling for the beer market leadership May 14, 2009, 23:00 CET | Story | Business Standard Ursus Breweries, the local subsidiary of the SABMiller beer producer, registered one of the highest increases in the sales volume growth rate at group level in the financial year ended on 31 March 2009, of 18 percent, some six times higher than the that of the local market, according to company officials. >http://seenews.com/news/latestnews/ursusandheinekenbattlingforthebeermarketleadership-194508723

Scripcaru wants to cut €200/sqm of the costs of the Cernica Residential project May 14, 2009, 23:00 CET | Story | Business Standard The Advanced Development company, controlled by former Head of Raiffeisen Evolution, Catalin Scripcaru, decided to postpone the Cernica Residential Park complex in Bucharest, the largest ongoing project in the company’s portfolio, because work is still being done for optimization, which would reduce the value of the investment by some €200/square meter. >http://seenews.com/news/latestnews/scripcaruwantstocut___200_sqmofthecostsofthecernicaresidential-194508551

Net income worth €1.4 mln for Generali Insurance in Q1 May 14, 2009, 23:00 CET | Story | Business Standard Generali Romania, controlled by Generali PPF Holding, posted €1.4 million in net profit in this year’s first three months, and subscriptions worth €28.15 mln, up 11 percent year-on-year. The company is the ninth-largest player on the local insurance market. >http://seenews.com/news/latestnews/netincomeworth___1_4mlnforgeneraliinsuranceinq1-194508334

Market decline cancels Brinel’s growth in the past 3 years May 14, 2009, 23:00 CET | Story | Business Standard IT infrastructure and business solution supplier Net Brinel is estimating a drop by up to one quarter in business in 2009, due to the market decline and the freezing of governmental projects in the IT infrastructre sector. >http://seenews.com/news/latestnews/marketdeclinecancelsbrinel___sgrowthinthepast3years-19450850

Sharp drop in energy consumption takes Transelectrica by surprise May 14, 2009, 23:00 CET | Story | Business Standard State-owned Transelectrica electricity transporter was taken by surprise in the first quarter by the steep decline in energy consumption, estimated by the company at two percent for the whole of 2009, but which actually amounted to 10 percent. As a result, the company’s net sales fell 12.3 percent, to RON 691.26 million (€162 mln), according to the Transelectrica’s quarterly report sent yesterday to the Bucharest Stock Exchange (BVB). >http://seenews.com/news/latestnews/sharpdropinenergyconsumptiontakestranselectricabysurprise-194507761

Altex strategy: Merging the marketing and acquisition departments May 14, 2009, 23:00 CET | Story | Business Standard Altex, Romania’s largest electronic and household appliance retailer in terms of net sales, plans to merge its marketing and acquisition departments as part of its strategy for 2009. This decision is meant to improve efficiency, according to the company’s new Marketing and Acquisition Manager, Cristian Moanta, who came from the Sony Romania electronic product retailer. >http://seenews.com/news/latestnews/altexstrategy_mergingthemarketingandacquisitiondepartments-194507571

Astra Passenger Coaches hopes Egypt will help it overcome the crisis May 14, 2009, 23:00 CET | Story | Business Standard The owner of the Astra Passenger Coaches, Valer Blidar, is presently negotiating a contract regarding the delivery of 100 railway cars to the Egyptian Railway Company. >http://seenews.com/news/latestnews/astrapassengercoacheshopesegyptwillhelpitovercomethecrisis-194507375

L’Oreal monitors how employees use company resources May 14, 2009, 23:00 CET | Story | Business Standard The L’Oreal Romania cosmetic producer will monitor more carefully the way employees use company resources, considering the economic crisis, the company’s Human Resource (HR) Manager, Alina Perrin, told Business Standard. >http://seenews.com/news/latestnews/l_orealmonitorshowemployeesusecompanyresources-194507206

Romania, the most difficult market for Ringier May 14, 2009, 23:00 CET | Story | Business Standard Romania is the most difficult market that the Swiss Ringier group is currently operating on, due to the sharp drop in the advertising market and increasingly tighter competition, the group’s CEO, Christian Unger, told Business Standard. >http://seenews.com/news/latestnews/romania_themostdifficultmarketforringier-194506890

MedLife owner to open first nautical club in Romania May 14, 2009, 23:00 CET | Story | Business Standard Romania’s nautical potential and the financial evolution of those who can afford a yacht are leading to the development of new market niches. >http://seenews.com/news/latestnews/medlifeownertoopenfirstnauticalclubinromania-194506472

Romanian Car Maker Dacia To Start Working Saturdays as of May 23 on Rising Demand May 14, 2009, 19:17 CET | Story | SeeNews BUCHAREST (Romania), May 14 (SeeNews) - Romanian car manufacturer Dacia, a unit of France’s Renault, said on Thursday it will start working on Saturdays as of May 23 to meet rising demand for its vehicles. >http://seenews.com/news/latestnews/romaniancarmakerdaciatostartsworkingsaturdaysasofmay23onrisingdemand-184954

* Serbia *

SERBIAN BLUE-CHIP TIGAR CORP SEES H1 NET PROFIT AT 119 MLN DINARS (1.3 MLN EURO) May 15, 2009, 18:27 CET | Alert | SeeNews >http://seenews.com/news/latestnews/serbianblue-chiptigarcorpseesh1netprofitat119mlndinars_1_3mlneuro__no-182610

Serbia’s Energoprojekt Q1 Net Profit Rises 133% Y/Y to 91 Mln Dinars (964,600 Euro) May 15, 2009, 18:08 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) - Serbian blue-chip engineering holding company Energoprojekt said on Friday its net profit rose 133% to 91 million dinars ($1.3 million/964,600 euro) in the first quarter of the year. >http://seenews.com/news/latestnews/serbia_senergoprojektreports133_y_ysurgeinq1netprofitto91mlndinarseuro_-180627

SERBIA’S ENERGOPROJEKT HOLDING CO REPORTS 133% Y/Y RISE IN Q1 NET PROFIT TO 91 MLN DINARS (964,600 EURO) May 15, 2009, 17:59 CET | Alert | SeeNews >http://seenews.com/news/latestnews/serbia_senergoprojektholdingreports133_y_ysurgeinq1netprofitto91mlndinars-175628

Serbia’s Sojaprotein Turns to Net Loss of 456 Mln Dinars (4.8 Mln Euro) in Q1 May 15, 2009, 17:52 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) - Serbian blue-chip soybean producer Sojaprotein on Friday said it turned to a net loss of 456 million dinars ($6.6 million/4.8 million euro) in the first three months of 2009 from a net profit of 158 million dinars a year ago. >http://seenews.com/news/latestnews/serbia_ssojaproteinturnstonetlossof456mlndinars_4_8mlneuro_inq1-174648

Dutch-based Greenhouse Telecommunications Gets 22.5 Mln Euro from EBRD, Investors To Enter Serbian Market May 15, 2009, 17:51 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) – Netherlands-based Greenhouse Telecommunications Holdings said it has received combined funding of 22.5 million euro ($30.6 million) from the European Bank for Reconstruction and Development (EBRD) and other investors in support of entering the Serbian market. >http://seenews.com/news/latestnews/dutchgreenhousetelcogets22_5mlneurofromebrd_lenders_toenterserbianmarket—144634

Serbia’s FAS Raises Fiat Punto Output on Increased Demand May 15, 2009, 17:02 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) – FAS, a joint venture of Serbia’s Zastava and Italy’s Fiat, said on Friday it has raised its weekly output to 500 from 300 units to meet increased demand for its Punto model. >http://seenews.com/news/latestnews/serbia_sfasraisesoutputonincreaseddemand-161856

SERBIA’S BLUE CHIP SOJAPROTEIN TURNS TO NET LOSS OF 456 MLN DINARS (4.8 MLN EURO) IN Q1 FROM 158 MLN DINARS YR-AGO May 15, 2009, 16:43 CET | Alert | SeeNews >http://seenews.com/news/latestnews/serbia_sbluechipsojaproteinturnstonetlossof456mlndinars_4_8mlneuro_inq1a-164101

Serbian Stock Market Notches Up Weekly Gains on Rising Demand May 15, 2009, 16:11 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) - Rising demand from investors led the equity indices of the Belgrade Stock Exchange (BELEX) higher on Friday, capping off a week of gains, a broker said. >http://seenews.com/news/latestnews/biggerdemandbringsweeklygainsonserbianstockmarket-153838

Robert Bosch Serbia Eyes Repeat of Last Year’s 15 Mln Euro Turnover - Media May 15, 2009, 15:47 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) – Robert Bosch Serbia, part of German industrial group Bosch, said on Friday it hopes to repeat its last year’s turnover of 15 million euro ($20 million) in 2009, local broadcaster B92 reported. >http://seenews.com/news/latestnews/robertboschserbiatorepeatlastyear_s15mlneuroturnover-media-153709

CORRECTED - Serbian Blue-Chip Dairy Imlek To Pay 53 Dinars (0.6 Euro)/Share in ’08 Gross Dividend May 15, 2009, 15:03 CET | Story | SeeNews In Belgrade story “Serbian Blue-Chip Dairy Imlek To Pay 53 Dinars (0.6 Euro)/Share in ’08 Gross Dividend” dated May 15, 2009, please read in the fourth para “Imlek’s net profit rose to 901 million”, instead of “Imlek’s net profit rose to 601 million” (corrects 2008 net profit figure). >http://seenews.com/news/latestnews/corrected-serbianblue-chipdairyimlektopay53dinars_0_6euro__sharein_08-145745

Serbia’s End-April FX Reserves Fall 0.1% M/M to 8.660 Bln Euro - Table May 15, 2009, 14:14 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) – Sebia’s foreign exchange reserves, held by the the country’s central bank and commercial banks at the end of April, fell by 0.1% month-on-month, the Serbian central bank said on Friday. >http://seenews.com/news/latestnews/serbia_send-aprilfxreservesfall0_1_m_mto8_660blneuro-table-140951

Serbian Blue-Chip Dairy Imlek To Pay 53 Dinars (0.6 Euro)/Share in ’08 Gross Dividend May 15, 2009, 13:19 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) - Serbian blue-chip dairy company Imlek said it will pay a gross dividend of 53 dinars ($0.8/0.6 euro) per share for 2008. >http://seenews.com/news/latestnews/serbianblue-chipdairyimlektopaygrossdividendof483mlndinars_5_1mlneuro__53-181718

Kosovo Offers Nine Companies for Sale May 15, 2009, 12:30 CET | Story | SeeNews PRISTINA May 15 (SeeNews) - The Privatisation Agency of Kosovo (PAK) said it offers for sale nine small companies. >http://seenews.com/news/latestnews/kosovooffersninecompaniesforsale-121600

Serbia’s April Inflation Speeds Up to 0.9% M/M - Table May 15, 2009, 12:20 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) - Serbia’s April consumer price index (CPI) rose by 0.9% month-on-month after climbing by 0.4% in March, the state statistics bureau said on Friday. >http://seenews.com/news/latestnews/serbia_saprilinflationspeedsupto0_9_m_m-table-121812

SERBIA’S APRIL CPI +0.9% M/M, +8.8% Y/Y VS +0.4% M/M, +9.4% Y/Y IN MARCH - STATS OFFICE May 15, 2009, 12:12 CET | Alert | SeeNews >http://seenews.com/news/latestnews/serbia_saprilcpi_0_9_m_m__8_8_y_yvs_0_4_m_m__9_4_y_yinmarch-statsoffice-121204

Serbia Schedule of Events – May 15 - May 26 May 15, 2009, 10:14 CET | Story | SeeNews BELGRADE (Serbia), May 15 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through May 26. New or amended entries are marked (*). >http://seenews.com/news/latestnews/serbiascheduleofevents___may15-may26-093115

Vojvodjanska Banka - Daily Vobnews - May 15, 2009 May 15, 2009, 10:09 CET | Broker’s Report | AII Data Processing Ltd Serbia’s Vojvodjanska banka released its Daily Vobnews report for May 15, 2009. >http://seenews.com/news/latestnews/vojvodjanskabanka-dailyvobnews-may15_2009-095947

Belgrade Stock Exchange - Daily Report - May 14, 2009 May 15, 2009, 09:14 CET | Specialists Reports | SeeNews The Belgrade Stock exchange has published its daily report on trading volumes and prices for May 14, 2009. >http://seenews.com/news/latestnews/belgradestockexchange-dailyreport-may14_2009-072022

* Slovenia *

Heavyweight Krka Lifts Slovenian Market May 15, 2009, 18:38 CET | Story | SeeNews LJUBLJANA (Slovenia), May 15 (SeeNews) – A rally in the shares of heavyweight drug maker Krka lifted the Slovenian indices on Friday, data of the Ljubljana Stock Exchange (LJSE) showed. >http://seenews.com/news/latestnews/heavyweightkrkaliftsslovenianmarket-183424

Slovenia’s Krka Rallies on Good Earnings; Plans Higher Dividend, Share Repurchase May 15, 2009, 13:17 CET | Story | SeeNews LJUBLJANA (Slovenia), May 15 (SeeNews) - Shares in Slovenian drug maker Krka rallied on Friday after the company posted flat first-quarter profit and announced plans for higher dividend payment and share repurchase a day earlier. >http://seenews.com/news/latestnews/sloveniankrkaralliesongoodearnings_planshigherdividend_sharerepurchase-125529

Slovenia’s Mar Avg Net Salary Rises by Real 3.0% Y/Y - Table May 15, 2009, 11:37 CET | Story | SeeNews LJUBLJANA (Slovenia), May 15 (SeeNews) - Slovenia’s average net monthly salary was 921.69 euro ($1,251) in March, 3.0% higher on the year in real terms, the Statistics Office said on Friday. >http://seenews.com/news/latestnews/slovenia_smaravgnetsalaryrisesbyreal3_y_y-table-111102

Slovenia’s Mar Construction Output Falls by Real 13.6% Y/Y - Table May 15, 2009, 11:34 CET | Story | SeeNews LJUBLJANA (Slovenia), May 15 (SeeNews) - Slovenia’s March construction output, measured by the value of completed projects, dropped by a real 13.6% year-on-year, the Statistics Office said on Friday. >http://seenews.com/news/latestnews/slovenia_smarconstructionoutputfallsbyreal13_6_y_y-table-105054

Slovenian Statistical Office - Indices of the Value of Construction Put in Place - Provisional Data - Mar 2009 May 15, 2009, 11:29 CET | State Agencies Reports | AII Data Processing Ltd In comparison with March 2008, the value of construction put in place in March 2009 decreased by more than 13%. >http://seenews.com/news/latestnews/slovenianstatisticaloffice-indicesofthevalueofconstructionputinplace-data-113255

Slovenian Statistical Office - Transport - Mar 2009 May 15, 2009, 11:23 CET | State Agencies Reports | AII Data Processing Ltd Compared to March 2008, in March 2009 the number of passengers carried in air transport went down by 14.8% and the number of passenger kilometres made by 16.5%. >http://seenews.com/news/latestnews/slovenianstatisticaloffice-transport-mar2009-112739

Slovenian Statistical Office - Average Monthly Earnings - Provisional Data - Mar 2009 May 15, 2009, 11:18 CET | State Agencies Reports | AII Data Processing Ltd Average monthly net earnings for March 2009 were 2.6% higher than for February 2009 and amounted to EUR 921.69. >http://seenews.com/news/latestnews/slovenianstatisticaloffice-averagemonthlyearnings-provisionaldata-mar2009-112150

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