Countries:

* Albania *

UPDATE 1- SEE Central Banks Urge Prudent Fiscal Policy, Some See Stable Economic Growth Oct 03, 2008, 14:31 CET | Story | SeeNews (adds details, quotes) link

U.S.-based Real Estate Franchiser Century 21 Enters Albania Oct 03, 2008, 11:09 CET | Story | SeeNews TIRANA (Albania), October 3 (SeeNews) - U.S.-based real estate franchiser Century 21 said it has entered Albania by signing a deal with local Dudaj Group. link

Czech CEZ to invest EUR 420m in Albanian OSSH Oct 02, 2008, 22:28 CET | Story | ADP News (ADP News) - Oct 2, 2008 - Czech power utility CEZ (PSE: BAACEZ) plans to invest over EUR 420 million (USD 584m) in Albanian state-owned electricity distribution company OSSH, Albania’s privatisation adviser, IFC, said Wednesday. link

* Bosnia *

Bosnian Stock Indices Fall in Lower Turnover Oct 03, 2008, 16:15 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), October 3 (SeeNews) - Bosnia’s bourse indices conceded further ground this week despite a pick-up in investor interest as low prices discouraged sellers and pushed down turnovers, brokers said. link

UPDATE 1- SEE Central Banks Urge Prudent Fiscal Policy, Some See Stable Economic Growth Oct 03, 2008, 14:31 CET | Story | SeeNews (adds details, quotes) link

Bosnia’s Serb Republic Sells Department Store Boska to Serbian Consortium Oct 03, 2008, 12:19 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), October 3 (SeeNews) – The government of Bosnia’s Serb Republic said on Friday it has signed a contract for the sale of a majority stake in troubled department store Boska to a consortium of two companies from neighbouring Serbia for 6.0 million marka ($4.4 million/3.1 million euro). link

Bosnia Schedule of Events – Oct 3 - Nov 20 Oct 03, 2008, 09:04 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), October 3 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in orrelated to Bosnia and Herzegovina through November 20. New or amended entries are marked (*). link

Austrian Post buys Bosnian 24VIP Oct 02, 2008, 22:38 CET | Story | AII Data Processing Ltd Austrian postal group Oesterreichische Post AG (VSE:POST) announced on October 2, 2008 it has completely acquired Bosnian parcel delivery firm 24VIP, Austrian news agency APA reported. link

* Bulgaria *

Bulgarian Blue-Chip Drug Maker Sopharma Raises 9-Mo Sales by 10% Y/Y Oct 03, 2008, 17:55 CET | Story | SeeNews SOFIA (Bulgaria), October 3 (SeeNews) - Bulgarian blue-chip drug maker Sopharma said on Friday its nine-month sales revenue rose 10% year-on-year. link

Bulgarian Stocks Extend Losses Amid Fears of Global Instability Oct 03, 2008, 16:28 CET | Story | SeeNews SOFIA (Bulgaria), October 3 (SeeNews) - Bulgarian share indices extended losses on Friday amid fears of global instability and lack of institutional investors on the local stock market, brokers said. link

Karoll - Bulgarian Daily Newsletter - Oct 3, 2008 Oct 03, 2008, 16:06 CET | Broker’s Report | SeeNews Headlines Bulgaria picks RWE for strategic investor in EUR 4.0 bn nuclear power plant Fitch Affirms Rating of UniCredit BulbankFairPlay Properties REIT buys land plot for EUR 6.0 mln link

Bulgaria’s Govt To Appeal Telco BTC Decision To Spin Off Property Assets Oct 03, 2008, 15:47 CET | Story | SeeNews SOFIA (Bulgaria), October 3 (SeeNews) - Bulgaria’s Transport and Telecommunications Ministry said on Friday it will appeal the decision of the country’s dominant fixed-line telecom operator BTC, owned by AIG Global Investment Group (AIGGIG), to spin off real estate assets worth 281.6 million euro ($389 million) into a separate company. link

Bulgarian Ministry of Finance - Financial Implementation EU Structural and Cohesion Funds - by Aug 31, 2008 Oct 03, 2008, 15:25 CET | State Agencies Reports | SeeNews The Bulgarian Ministry of Finance has published its report on the financial implementation of the EU Structural and Cohesion Funds by August 31, 2008. link

Global Crisis To Have Indirect Impact on Bulgaria’s Strong Banking System – SocGen Official Oct 03, 2008, 15:16 CET | Story | SeeNews SOFIA (Bulgaria), October 3 (SeeNews) - Bulgaria’s banking system is strong but the global financial crisis will inevitably have an indirect impact on it, Philippe Lame, deputy-CEO and commercial director of Societe Generale Expressbank, said on Friday. link

Bulbrokers - Stock Market Daily Review - Oct 3, 2008 Oct 03, 2008, 15:16 CET | Broker’s Report | SeeNews US Stocks fall on a weak economic dataUS Stocks fell on Thursday as credit markets remained tight and the economic data was weaker then expected. The factory orders dropped and jobless claims climbed to 7-year high and raised fears that payrolls report may be weaker then expected and the government’s financial rescue plan might not be enough to ward off a recession. Broader stock indicators fell sharply. The Standard & Poor’s 500 index fell 2.46 % to 1,132 and the Nasdaq composite index fell 2.67 % to 2,014.Investors remain nervous and await the September non-farm payrolls report from the Labor Department that is expected to show a loss of 100k jobs, according to a median estimate from economists. That will be the ninth straight month that the economy has lost jobs. During the session the Labor Department reported that initial claims for unemployment benefits rose last week to a seasonally adjusted 497k. Manufactured goods fell by 4 % in August from July. Economists had expec ted a 2.5% decline. This is the biggest drop since October 2006.On corporative news, one of the most actively traded shares was General Electric Co., which fell 9.24% to 22.24 dollars per share after the conglomerate said it was pricing an offering of 547.8 mln. shares at 22.25 dollars per share. Alcoa Inc., continued to lose ground and fell 8.4% to 19.84 dollars per share. Caterpillar Inc. dropped 6.8% to 53.09 dollars per share. link

Bulbrokers - Daily FX Analysis - Oct 3, 2008 Oct 03, 2008, 15:12 CET | Broker’s Report | SeeNews The yen continued to be the strongest currencyThe euro fell to a 13-month low against the dollar after the European Central Bank President Jean-Claude Trichet said yesterday policy makers discussed cutting the main refinancing rate. Yesterday ECB left the interest rate unchanged at 4.25%. The euro experienced suspense from the speculations that European financial authorities may be slower than their U.S. counterparts to react to the worldwide credit crunch. Europe’s currency has slid 5.4 % against the dollar this week, which is the biggest four-day drop since the euro started trading in 1999.The yen rose against all the major currencies yesterday as stocks in the U.S., U.K., Japan, Germany and Brazil plunged, encouraging investors to sell higher-yielding assets and pay back low-cost loans in Japan. Yesterday the euro reached 144.88 against the yen, which is the lowest level since June 2006. The sterling fell to 1.8473 versus the Japanese currency and remained a step away from new 5 year low. Even the not so positive fundamental news from U.S. could not restrict the dollar’s gains. Initial jobless claims increased to 497,000 in the week that ended Sept. 27, the highest since September 2001, the Labor Department announced. August factory orders fell 4.0%, which followed an advance of 0.7% for the prior month. Economists, on average, expected factory orders to decline 3.0% in August. link

Bulgarian National Bank - RINGS Monthly Statistical Data - July 1 - Sept 30, 2008 Oct 03, 2008, 14:34 CET | State Agencies Reports | SeeNews The Bulgarian National bank (BNB) has published its report on Real-time Interbank Gross-settlement System (RINGS) for the third quarter of 2008. link

UPDATE 1- SEE Central Banks Urge Prudent Fiscal Policy, Some See Stable Economic Growth Oct 03, 2008, 14:31 CET | Story | SeeNews (adds details, quotes) link

Bulgarian National Bank - RINGS Monthly Statistical Data - Sept 2008 Oct 03, 2008, 14:16 CET | State Agencies Reports | SeeNews The Bulgarian National bank (BNB) has published its monthly report on Real-time Interbank Gross-settlement System (RINGS) for September 2008. link

Bulgarian National Bank - External Sector Indicators - July 2008 Oct 03, 2008, 14:12 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published a statistical report on external sector indicators for July 2008. link

Bulgarian National Bank - Macroeconomic Indicators - Aug 2008 Oct 03, 2008, 14:11 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published its statistical report on the country’s main macroeconomic indicators for August 2008. link

Bulgarian National Bank - Monthly Balance Sheet of the Banking Department - Sept 2008 Oct 03, 2008, 14:09 CET | State Agencies Reports | SeeNews The Banking department of the Bulgarian National Bank (BNB) has published its monthly balance sheet for September 2008. link

Bulgarian National Bank - Monthly Balance Sheet of the Issue Department - Sept 2008 Oct 03, 2008, 14:08 CET | State Agencies Reports | SeeNews The Issue department of the Bulgarian National Bank (BNB) has published its monthly balance sheet for September 2008. link

Bulgarian REIT FairPlay Properties Buys Plovdiv Land Plot for 6.0 Mln Euro Oct 03, 2008, 13:05 CET | Story | SeeNews SOFIA (Bulgaria), October 3 (SeeNews) - Bulgarian real estate investment trust (REIT) FairPlay Properties said on Friday it has bought some 22,000 square metres of land in the country’s second largest city of Plovdiv for 6.0 million euro ($8.3 million), value-added tax (VAT) excluded. link

Belgium’s KBC Bulgarian Unit EIBank To Change Name to CIBANK Oct 03, 2008, 13:02 CET | Story | SeeNews SOFIA (Bulgaria), October 2 (SeeNews) – Bulgaria’s Economic and Investment Bank (EIBank), majority-owned by Belgium’s KBC, said on Friday it plans to change its name to CIBANK without giving reasons for its decision. link

SEE Central Bank Governors Urge Prudent Fiscal Policy Oct 03, 2008, 12:51 CET | Story | SeeNews SOFIA (Bulgaria), October 3 (SeeNews) - The central bank governors of southeast Europe urged on Friday governments to pursue a prudent fiscal policy amid the global financial turmoil. link

UPDATE 1 - Bulgaria Picks Germany’s RWE As Strategic Investor in 2,000 MW N-Plant Project Oct 03, 2008, 12:35 CET | Story | SeeNews (adds details, quotes) link

Bulgaria Picks Germany’s RWE As Strategic Investor in 2,000 MW N-Plant Project Oct 03, 2008, 10:56 CET | Story | SeeNews SOFIA (Bulgaria), October 3 (SeeNews) – Bulgaria has selected Germany’s RWE as strategic investor for 49% of its planned 2,000-megawatt Belene nuclear power plant, Economy Minister Petar Dimitrov said on Friday. link

FFBH - Bulgaria Morning Update - Oct 3, 2008 Oct 03, 2008, 10:46 CET | Broker’s Report | SeeNews market wrap-up link

BULGARIA PICKS GERMANY’S RWE AS STRATEGIC INVESTOR IN 2,000 MW NUKE PLANT – ECON MIN Oct 03, 2008, 10:45 CET | Alert | SeeNews link

Bulbrokers - Daily FX Analysis - Oct 2, 2008 Oct 03, 2008, 10:06 CET | Broker’s Report | SeeNews The dollar extended itsgain versus the euro and the sterling link

Elana - Bulgaria Daily Report - Oct 2, 2008 Oct 03, 2008, 10:06 CET | Broker’s Report | SeeNews Market Highlights link

Bulbrokers - Stock Market Daily Review - Oct 2, 2008 Oct 03, 2008, 10:05 CET | Broker’s Report | SeeNews US Stocks consolidate ahead of bailout plan voteThe US Financial markets traded flat on Wednesday as investors awaited a Senate vote on the government’s proposed financial sector bailout plan. Broader stock indicators were traded in narrow range lower then Tuesday close. The Standard & Poor’s 500 index fell 0.09 % to 1,163.65 and the Nasdaq composite index fell 0.56 % to 2,080.14. A disappointing economic report also gave not any support for upward movement. The manufacturing sector registered big drop in new orders in September and the ISM index of manufacturing activity fell to 43.5 from 49.9 in August. The London Interbank Offered Rate, or Libor, on overnight dollar loans dropped to 3.79 % on Wednesday from Tuesday’s record 6.88 %, which reduced for a while the pressure over the financial institution. In addition Light, sweet crude fell 2.90 dollars to 97.74 dollars a barrel on the New York Mercantile Exchange after the government reported a surprise increase in US oil sup plies.The most active trades were the Dow Jones components, led by Alcoa Inc., which fell 5.6% to 21.32 dollars per share, followed by IBM which dropped 5.5% to 110.47 dollars per share and Caterpillar Inc 4.2% to 57.14 dollars a share. Ford Motor Co. fell 13% to 4.52 dollars per share as companies’ sales slumped 34.6% in September. link

Bulgarian Stock Exchange - Daily Report - Oct 2, 2008 Oct 03, 2008, 09:25 CET | Specialists Reports | SeeNews The Bulgarian Stock Еxchange has published its report on turnover and prices for October 2, 2008. link

Bulgarian Stock Exchange - Daily Bulletin, Selected Announcements - Oct 2, 2008 Oct 03, 2008, 09:24 CET | Specialists Reports | SeeNews Advance Terrafund REIT-Sofia /6A6/ has filed the following information with BSE-Sofia: In pursuance of an annex to the contract of service dated 30.05.2005 between Advance Terrafund REIT and the service company Karoll Finance EOOD, the remuneration of the service company has been amended as of 01.10.2008. The entire notification is posted on link link

Bulgaria Schedule of Events - Oct 3 - Nov 25 Oct 03, 2008, 09:23 CET | Story | SeeNews SOFIA (Bulgaria), October 3 (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

Varna power plant faces coal shortfall Oct 02, 2008, 22:35 CET | Story | ADP News (ADP News) - Oct 2, 2008 - The coal-fired power station in Varna, on the northern Bulgarian Black Sea coast, owned by Czech energy firm CEZ, on Wednesday sounded the alarm it might not operate at top capacity in the upcoming winter as it suffers a coal supply shortage for a third year in a row. link

Troubled fin markets put Bulgarian major ski resort project in limbo Oct 02, 2008, 22:29 CET | Story | ADP News (ADP News) - Oct 02, 2008 - The key investors in Bulgarian ski resort Super Borovets said on Wednesday their participation in the project hangs in the balance amid the global financial meltdown that forces many companies to put investment plans on hold. link

* Croatia *

Croatian Share Indices End Lower Oct 03, 2008, 18:45 CET | Story | SeeNews ZAGREB (Croatia), October 3 (SeeNews) - The Croatian stock indices closed lower on Friday as turnover remained relatively weak, analysts said. link

Croatia’s Dalekovod, Siemens Austria Win 13.5 Mln Euro Deal in Montenegro Oct 03, 2008, 16:26 CET | Story | SeeNews ZAGREB (Croatia), Ocotober 3 (SeeNews) - Croatian blue-chip power transmission equipment maker Dalekovod said on Friday it has won in consortium with Siemens Austria a 13.5 million euro deal ($18.5 million) for the construction of transmission lines and for the construction and upgrade of substations in Montenegro. link

Slovenia’s Droga Kolinska Sells Two Non-Core Brands to Croatia’s Podravka Oct 03, 2008, 16:00 CET | Story | SeeNews LJUBLJANA (Slovenia), October 3 (SeeNews) - Slovenian food maker Droga Kolinska said on Friday it has agreed to sell two of its non-core brands to Croatian food, beverage and drug maker Podravka for an undisclosed sum. link

Italy’s UniCredit Says Does Not Plan Sale of Croatian Subsidiary Oct 03, 2008, 14:58 CET | Story | SeeNews ZAGREB (Croatia), October 3 (SeeNews) – Italian banking group UniCredit does not intend to sell its Croatian subsidiary Zagrebacka Banka, the largest bank by assets in Croatia, the Italian group said on Friday reacting to media reports. link

Croatian Bureau of Statistics - Hotels and Restaurants by Counties - Q2 2008 Oct 03, 2008, 14:42 CET | State Agencies Reports | SeeNews In the second quarter of 2008, the realised turnover in the hotel and restaurant activity nominally increased by 4.3%, as compared to the same period of 2007.The turnover of 4 356 million kuna was realised in 2 021 enterprises with 3 132 business units and 13 574 outlets with the total of 90 188 persons in employment.The greatest turnover was realised in the County of Istria, 940 million kuna (21.6%), followed by the County of Primorje-Gorski kotar, 687 million kuna (15.8%), the City of Zagreb, 596 million kuna (13.7%), the County of Split-Dalmatia, 451 million kuna (10.4%), the County of Dubrovnik-Neretva, 446 million kuna (10.2%), the County of Zadar, 230 million kuna (5.3%) and the County of Šibenik- Knin, 146 million kuna (3.3%), which makes the total of 3 496 million kuna (80.3%). All other counties realised the turnover of 860 thousand kuna (19.7%). As compared to the same period of 2007, the highest increase of the turnover was realised in the County of Slavonski Brod -Posavina (20.9%), followed by the County of Zagreb (16.3%), the County of Zadar (14.3%), the County of Koprivnica-Križevci (10.6%), the County of Virovitica-Podravina (9.4%) and the County of Međimurje (8.3%).In the second quarter of 2008, there were 65.2% out of the total number of persons in employment in the following counties: the County of Istria, the County of Primorje-Gorski kotar, the County of Split-Dalmatia, the City of Zagreb and the County of Dubrovnik-Neretva.There were 54.1% business units of hotel and restaurant enterprises/trade companies situated in the following counties: the County of Istria, the County of Primorje-Gorski kotar, the County of Split-Dalmatia, the City of Zagreb and the County of Dubrovnik-Neretva link

Croatian Bureau of Statistics - Construction Work Indices - July 2008 Oct 03, 2008, 14:40 CET | State Agencies Reports | SeeNews In July 2008, construction works increased by 15.0%, as compared to July 2007.Construction worksin the period from January to July 2008 increased by 12.6%, as compared to the period from January to July 2007. link

Croatian Bureau of Statistics - Distributive Trade - Q2 2008 Oct 03, 2008, 14:39 CET | State Agencies Reports | SeeNews In the second quarter of 2008, business entities in distributive trade (legal entities and tradesmen) realised 79 356 million kuna of the total turnover. Legal entities realised 75 581 million kuna, or 95.2%, and tradesmen realised 3 775 million kuna, or 4.8%.At the end of the second quarter of 2008, legal entities had 28 163 and tradesmen 21 520 outlets, which made the total of 49 683 outlets.The total number of persons in employment engaged in distributive trade amounted to 277 569. Out of that number, 230 527 persons were employed in legal entities and 47 042 in crafts. link

Croatian IT Services Market Grows 15.2% to $365 Mln in 2007 - IDC Adriatics Oct 03, 2008, 11:22 CET | Story | SeeNews ZAGREB (Croatia), October 3 (SeeNews) - Croatia’s IT services market grew by almost 15.2% to some $365 million (264.2 million euro) last year, slower than the 40% growth rate recorded in 2006, market intelligence and advisory company IDC Adriatics said on Friday. link

Erste Securities - Croatian Equity Daily - Oct 3, 2008 Oct 03, 2008, 10:47 CET | Broker’s Report | SeeNews Highlights: link

FIMA Stock Monitor - Daily Report - Oct 2, 2008 Oct 03, 2008, 10:36 CET | Broker’s Report | SeeNews Daily comment: link

Croatia Schedule of Events - Oct 3 - Nov 20 Oct 03, 2008, 09:26 CET | Story | SeeNews ZAGREB (Croatia), October 3 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through November 20. New or amended entries are marked (*). link

Croatian Veterans’ Fund accepts MOL’s bid for INA Oct 02, 2008, 22:25 CET | Story | ADP News (ADP News) - Oct 2, 2008 - Croatian Veterans’ Fund has accepted on Wednesday the HRK 2,800 (USD 549/EUR 393.7) a share public bid by Hungarian oil and gas company MOL (BDP:MOL) for its 7.0% stake in Croatia’s oil company INA (ZSE:INA-R-A), local website javno.com said yesterday. link

* Macedonia *

National Bank of Macedonia - Deposits and Lending Interest Rates - Aug 2008 Oct 03, 2008, 16:53 CET | State Agencies Reports | SeeNews The National Bank of the Republic of Macedonia (NBRM) has published its monthly report on deposits and lending interest rates for August 2008. link

National Bank of Macedonia - Gross External Claims - Preliminary Data - Q2 2008 Oct 03, 2008, 16:51 CET | State Agencies Reports | SeeNews National Bank of the Republic of Macedonia (NBRM) has published its preliminary quarterly report on gross external debt for the second quarter of 2008. link

National Bank of Macedonia - Gross External Claims - Preliminary Data - Q2 2008 Oct 03, 2008, 16:49 CET | State Agencies Reports | SeeNews The National Bank of the Republic of Macedonia (NBRM) has published its preliminary quarterly report on gross external claims for the secod quarter of 2008. link

National Bank of Macedonia - Net External Debt - Preliminary Data - Q2 2008 Oct 03, 2008, 16:47 CET | State Agencies Reports | SeeNews The National Bank of the Republic of Macedonia (NBRM) has published its preliminary quarterly report on net external debt for the first second quarter of 2008. link

National Bank of Macedonia - Quarterly Report - Q2 2008 Oct 03, 2008, 16:42 CET | State Agencies Reports | SeeNews The National Bank of the Republic of Macedonia (NBRM) has published the statistical appendix of its quarterly report for the second quarter of 2008. link

Macedonian Stocks Fall, Turnover Shrinks - Table Oct 03, 2008, 15:48 CET | Story | SeeNews SKOPJE (Macedonia), October 3 (SeeNews) - The Macedonian stock exchange (MSE) indices extended losses and turnover shrank further as the market suffered the psychological effects of the U.S. financial crisis, brokers said. link

UPDATE 1- SEE Central Banks Urge Prudent Fiscal Policy, Some See Stable Economic Growth Oct 03, 2008, 14:31 CET | Story | SeeNews (adds details, quotes) link

ANALYSIS: Global Financial Crisis May Affect Macedonia’s Economy, No Immediate Fallout for Banking System Oct 03, 2008, 14:22 CET | Analysis | SeeNews SKOPJE (Macedonia) October 3 (Seenews) – The global financial crisis will not spare Macedonia, and may slow down economic activity in the country, but analysts said there has been no immediate knock-on effect on its banking system. link

Macedonia’s September Restaurant, Hotel Prices Rise 7.2 % Y/Y - Table Oct 03, 2008, 12:44 CET | Story | SeeNews SKOPJE (Macedonia), October 3 (SeeNews) - Prices in Macedonia’s restaurants and hotels in September rose by 7.2% from a year earlier and were unchanged compared to the previous month, the country’s Statistics Office said on Friday. link

Macedonia Schedule of Events - Oct 3 - Nov 14 Oct 03, 2008, 09:41 CET | Story | SeeNews SKOPJE (Macedonia), October 3 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Macedonia through November 14. New or amended entries are marked (*) link

Macedonian Stock Exchange - Daily Report - Oct 2, 2008 Oct 03, 2008, 09:26 CET | Specialists Reports | SeeNews Тhe Macedonian Stock exchange has published its daily report on turnover and prices for October 2, 2008. link

Macedonian Bakery Mlin Stojcev To Build 7.0 Mln Euro Food Factory - Media Oct 03, 2008, 09:14 CET | Story | SeeNews SKOPJE (Macedonia), October 2 (SeeNews) – Mlin Stojcev, one of Macedonia’s leading flour mills and bakeries, will invest seven million euro ($9.7 million) to build a food factory in the southern town of Bitola, local Total daily reported on Friday. link

Macedonia Proposes Business Incentives To Boost Exports - Deputy PM Oct 02, 2008, 19:05 CET | Story | SeeNews SKOPJE (Macedonia), October 2 (SeeNews) – Macedonia’s government said on Thursday it will offer incentives to businesses in the next four years, aiming to increase the competitiveness of their exports and cut the country’s yawning trade gap. link

* Moldova *

Russia’s CTC Media Expands to Moldova Oct 03, 2008, 12:32 CET | Story | SeeNews CHISINAU (Moldova), October 3 (SeeNews) – Russian media company CTC Media has expanded to Moldova through a $4.1 million (3.0 million euro) acquisition of a 51% stake in the country’s broadcasting group Teledixi and Muzic Ramil SRL, the buyer said on Friday. link

Moldova’s FX Reserves Remain Unchanged at $1.79 Bln in Week Ended Sept 26 Oct 03, 2008, 10:29 CET | Story | SeeNews CHISINAU (Moldova), October 3 (SeeNews) - Moldova’s foreign exchange reserves remained unchanged in week ended September 26 at $1.79 billion (1.3 billion euro), the country’s central bank, BNM, said on Friday. link

Moldova Schedule of Events - Oct 3 - Oct 29 Oct 03, 2008, 09:36 CET | Story | SeeNews CHISINAU (Moldova), October 3 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through October 29. New or amended entries are marked (*) link

Moldova Stock Exchange - Daily Report - Oct 2, 2008 Oct 03, 2008, 09:27 CET | Specialists Reports | SeeNews The Moldova Stock exchange has published its daily report on trading volumes and prices for October 2, 2008. link

* Montenegro *

UPDATE 1- SEE Central Banks Urge Prudent Fiscal Policy, Some See Stable Economic Growth Oct 03, 2008, 14:31 CET | Story | SeeNews (adds details, quotes) link

New Securities Exchange of Montenegro - Daily Report - Oct 2, 2008 Oct 03, 2008, 09:28 CET | Specialists Reports | SeeNews The New Securities exchange of Montenegro (NEX) has published its daily report on trading volumes and prices for October 2, 2008. link

* Romania *

Romania’s Banking System Faces Limited Impact from Global Financial Crisis - C-Bank Governor Oct 03, 2008, 18:19 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - Romania’s banking system is facing limited impact from the global financial crisis, mostly felt in rising costs of external financing, central bank governor Mugur Isarescu said on Friday. link

Midocar sees 2008 turnover up 46% Y/Y Oct 03, 2008, 18:01 CET | Story | ADP News (ADP News) - Oct 3, 2008 - Romanian dealer of Volkswagen (VW) and Audi car makes Midocar said today that it expected its turnover to jump 46% on the year to EUR 57 million (USD 78.27m) in 2008. link

Wizz Air to add new A320 planes, double passengers in Romania 2009 Oct 03, 2008, 17:25 CET | Story | ADP News (ADP News) - Oct 3, 2008 - Hungarian low-cost airline Wizz Air will purchase three new Airbus A320 aircraft and double the number of its passengers in Romania next year, the company said on Thursday. link

TMK Artrom plans EUR 78.16m capital hike Oct 03, 2008, 17:16 CET | Story | ADP News (ADP News) - Oct 3, 2008 - Romanian steel tube producer Artrom said today that it planned to increase its share capital by RON 304.85 million (USD 107.32m/EUR 78.16m), from RON 30.79 million it has now, via the issue of new shares. link

Romanian Stock Indices Extend Gains, Eyes on U.S. Rescue Plan Vote Oct 03, 2008, 17:09 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - The indices of the Romanian bourse closed higher for a third consecutive day on Friday, with investors awaiting the vote on the U.S. bailout plan due later in the day, brokers said. link

UPDATE 1 – Romanian Oil/Gas Group Petrom Becomes Majority Shareholder in Petrom Aviation, To Launch Buyout Bid Oct 03, 2008, 16:45 CET | Story | SeeNews (releads with Petrom raising stake in Petrom Aviation, to launch buyout bid) link

UPDATE 1 - Romanian Leu Hits 3-1/2 Yr Low vs Euro, Ends at Around 3.9-per-Euro Oct 03, 2008, 16:29 CET | Story | SeeNews (adds closing figures, details) link

Hard Landing Scenario for Romania Includes GDP Growth of 1.0%-2.0% or Negative in 2009 - ING Oct 03, 2008, 16:01 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - A hard landing scenario for Romania drafted by the local arm of Dutch ING Bank includes an economic growth of merely 1.0%-2.0% or even a negative growth in 2009, a senior economist with the bank said on Friday. link

Romania’s Leu Seen Exceeding 4.0-per-Euro Mark in Case of No C-Bank Intervention Oct 03, 2008, 15:19 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - The Romanian leu is seen reaching and even exceeding the 4.0-per-euro threshold unless the central bank intervenes to prevent further weakening of the country’s currency, a senior economist with ING Bank Romania said on Friday. link

Stake of 18.2% in Romanian Steel Tubes Maker Intfor Trades for 6.7 Mln Lei (1.7 Mln Euro) Oct 03, 2008, 15:12 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - A stake of 18.2% in Romanian steel tubes maker Intfor changed hands for 6.7 million lei ($2.4 million/1.7 million euro) in seven deals on the over-the-counter market RASDAQ on Friday, bourse data indicated. link

UPDATE 1- SEE Central Banks Urge Prudent Fiscal Policy, Some See Stable Economic Growth Oct 03, 2008, 14:31 CET | Story | SeeNews (adds details, quotes) link

Romanian Software Co TotalSoft To Expand to Hungary, Bulgaria in 2009 – Media Oct 03, 2008, 13:14 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) – Romanian software solutions provider TotalSoft will open offices in Hungary and Bulgaria next year, Bucharest-based daily Business Standard reported on Friday. link

Stake of 21% in Romanian Fuel Wholesaler Petrom Aviation Trades for 9.4 Mln Lei (2.4 Mln Euro) Oct 03, 2008, 11:40 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - A stake of around 21% in Romanian fuel wholesaler Petrom Aviation changed hands for 9.4 million lei ($3.4 million/2.4 million euro) in a single deal on the over-the-counter market RASDAQ on Friday, bourse data indicated. link

Romanian Leu Hits 3-1/2 Yr Low vs Euro, Seen Hovering Around 3.85-3.86 per Euro Until Day’s End Oct 03, 2008, 11:03 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - Romania’s leu on Friday sank to its lowest level against the euro in the last three-and-a half years, about an hour after the market opened, and it is expected to trade at 3.85-3.86 per euro until the end of the day, dealers said. link

Ieba Trust - Romanian Market Daily - Oct 2, 2008 Oct 03, 2008, 10:35 CET | Broker’s Report | SeeNews The SIFs shares generated 62.11% of the Regular market daily turnover link

Raiffeisen Capital & Investment - Investment Daily Romania - Oct 3, 2008 Oct 03, 2008, 10:34 CET | Broker’s Report | SeeNews In the news link

Romania’s Jan-Aug Industrial Sales Rise 7.3% - Table Oct 03, 2008, 10:03 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - Romania’s industrial sales rose by 7.3% year-on-year in the first eight months of 2008, the National Statistics Institute (INS) said on Friday. link

ROMANIA’S JAN-AUG INDUSTRIAL SALES RISE 7.3% Y/Y – STATS BOARD Oct 03, 2008, 09:55 CET | Alert | SeeNews link

Romania Schedule of Events - Oct 3 - Nov 30 Oct 03, 2008, 09:45 CET | Story | SeeNews BUCHAREST (Romania), October 3 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through November 30. New or amended entries are marked (*). link

Bucharest Stock Exchange - Daily Report - Regulated Market - Oct 2, 2008 Oct 03, 2008, 09:23 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its report on trading volumes and prices on the regulated market for October 2, 2008. link

Bucharest Stock Exchange - Daily Report - RASDAQ Market - Oct 2, 2008 Oct 03, 2008, 09:21 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its daily RASDAQ market report for October 2, 2008. link

Italy Pirelli to invest further EUR 250m in Romania Oct 02, 2008, 22:33 CET | Story | AII Data Processing Ltd Italian tyre maker Pirelli (MSE:PC) plans to invest further EUR 250 million (USD 347.8m) in its industrial pole in Slatina, Romania, the group said in a statement, the Italian news agency ANSA reported. link

Maspex Wadowice raises stake in Romanian Arnos to 100% Oct 02, 2008, 22:21 CET | Story | ADP News (ADP News) - Oct 2, 2008 - Polish juice producer Maspex Wadowice group said on Wednesday that it increased its stake in Romanian pasta producer Arnos to 100% after it recently acquired the 20% it did not own in the company. link

* Serbia *

Serbian Steel Foundry IK Guca To Invest 38 Mln Euro in Raising Output until 2012 Oct 03, 2008, 16:28 CET | Story | SeeNews BELGRADE (Serbia), October 3 (SeeNews) – Serbian steel foundry IK Guca, majority-owned by local diversified company Farmakom M.B., plans to invest 38 million euro ($52.7 million) into raising its output until 2012, IK Guca’s general manager Radovan Ilic said on Friday. link

Belgrade Stocks Fall Further in Low Liquidity Oct 03, 2008, 15:58 CET | Story | SeeNews BELGRADE (Serbia), October 3 (SeeNews) - Belgrade share indices fell further on Friday in lower volumes as investors were reluctant to sell at the current low prices, brokers said. link

UPDATE 1- SEE Central Banks Urge Prudent Fiscal Policy, Some See Stable Economic Growth Oct 03, 2008, 14:31 CET | Story | SeeNews (adds details, quotes) link

Bosnia’s Serb Republic Sells Department Store Boska to Serbian Consortium Oct 03, 2008, 12:19 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), October 3 (SeeNews) – The government of Bosnia’s Serb Republic said on Friday it has signed a contract for the sale of a majority stake in troubled department store Boska to a consortium of two companies from neighbouring Serbia for 6.0 million marka ($4.4 million/3.1 million euro). link

Sinteza Investment Group - Daily Market Wrap Up - Oct 2, 2008 Oct 03, 2008, 10:48 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its daily trading report for October 2, 2008. The report contains an overview of the Serbian Financial market. link

Vojvodjanska Banka - Daily Vobnews - Oct 3, 2008 Oct 03, 2008, 10:46 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews report for October 3, 2008 containing the following charts and tables: link

Serbia Schedule of Events – Oct 3 – Dec 30 Oct 03, 2008, 10:17 CET | Story | SeeNews BELGRADE (Serbia), October 3 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through December 30. New or amended entries are marked (*). link

Serbia To Borrow 1.39 Bln Euro for Road Infrastructure Projects Until 2012 - Media Oct 03, 2008, 10:01 CET | Story | SeeNews BELGRADE (Serbia), October 2 (SeeNews) – Serbia plans to borrow 1.39 billion euro ($ 1.92 billion) from international financial institutions until 2012 under a 2.9 billion euro plan to develop its road infrastructure, state news agency Tanjug reported on Friday. link

Belgrade Stock Exchange - Daily Report - Oct 2, 2008 Oct 03, 2008, 09:20 CET | Specialists Reports | SeeNews The Belgrade Stock exchange has published its daily report on trading volumes and prices for October 2, 2008. link

* Slovenia *

Slovenian Drug Maker Krka Opens 8.5 Mln Euro Chemical Development Laboratories Oct 03, 2008, 17:30 CET | Story | SeeNews LJUBLJANA (Slovenia), October 3 (SeeNews) - Slovenian drug maker Krka on Friday opened new chemical development laboratories worth 8.5 million euro ($11.7 million) in Novo Mesto, southeastern Slovenie. link

Slovenian Stock Indices Fall in Lethargic Trading Oct 03, 2008, 17:09 CET | Story | SeeNews LJUBLJANA (Slovenia), October 3 (SeeNews) - Slovenian stock indices fell in lethargic trading on Friday as investors awaited a final decision on the $700 billion (507 billion euro) U.S. government bailout plan, brokers said. link

Slovenia’s Opposition Social Democrats Narrowly Win General Election – Final Results Oct 03, 2008, 16:59 CET | Story | SeeNews LJUBLJANA (Slovenia), October 3 (SeeNews) - Slovenia’s opposition centre-left Social Democrats (SD) won the country’s September 21 general election with 30.45% of the votes, followed closely by centre-right SDS of Prime Minister Janez Jansa with 29.26%, final results issued by the state election commission showed on Friday. link

Slovenian Flag Carrier Adria Airways Raises 9-mo Passenger Traffic by 18% Y/Y Oct 03, 2008, 16:28 CET | Story | SeeNews LJUBLJANA (Slovenia), October 3 (SeeNews) - Slovenian flag carrier Adria Airways carried 1,040,037 passengers in the first nine months of 2008, up 18% from a year earlier, as the number of flights also increased, the company said on Friday. link

Austria’s Hypo Alpe-Adria-Bank Slovenian Unit Sees 30% Rise in 2008 Net Profit Oct 03, 2008, 16:05 CET | Story | SeeNews LJUBLJANA (Slovenia), October 3 (SeeNews) - The Slovenian unit of Austria’s Hypo Alpe-Adria-Bank (HAAB) plans hefty rises in net profit and assets this year despite the financial crisis on the global markets, a senior bank official said on Friday. link

Slovenia’s Droga Kolinska Sells Two Non-Core Brands to Croatia’s Podravka Oct 03, 2008, 16:00 CET | Story | SeeNews LJUBLJANA (Slovenia), October 3 (SeeNews) - Slovenian food maker Droga Kolinska said on Friday it has agreed to sell two of its non-core brands to Croatian food, beverage and drug maker Podravka for an undisclosed sum. link

ANALYSIS - Slovenia’s Conservative Banking Market To Feel Heat of Global Financial Woes Oct 03, 2008, 14:01 CET | Analysis | SeeNews LJUBLJANA (Slovenia), October 3 (SeeNews) - The conservative banking market of eurozone member Slovenia will be spared the worst effects of the global financial turmoil but the country’s banks will see their access to fresh borrowing constrained, analysts and industry officials say. link

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