Countries:

* Albania *

Eight Firms Place Bids to Supply 219 GWh of Electricity to Albania Oct 14, 2008, 14:40 CET | Story | SeeNews TIRANA (Albania), October 14 (SeeNews) - Eight companies have placed bids in an international tender for the supply of 219 gigawatthours (GWh) of power to Albania, for which the country is ready to pay up to 22.4 million euro ($30.24 million), power distributor OSSH’s spokeswoman said on Tuesday. link

Albania Sells 8.16 Bln Leks (66.5 Mln Euro) in 6-mo T-Bills, Yields Fall Oct 14, 2008, 14:16 CET | Story | SeeNews TIRANA (Albania), October 14 (SeeNews) - Albania’s central bank sold 8.16 billion leks ($89.75 million/66.5 million euro) in six-month Treasury bills at an auction on Tuesday as yields fell. link

* Bosnia *

Bosnia’s Biggest Drug Maker Bosnalijek Jan-Sept Net Profit Almost Doubles Oct 14, 2008, 18:04 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), October 14 (SeeNews) - Bosnia’s biggest pharmaceutical company, Bosnalijek, said on Tuesday its net profit for the first nine months of 2008 rose 92% on the year to 10.8 million marka ($7.6 million/5.6 million euro). link

Bosnian Serb Govt Expects Oil Refinery Brod To Resume Production at End-October Oct 14, 2008, 16:40 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), October 14 (SeeNews) – Idled Bosnian oil refinery Bosanski Brod, recently sold by the government of Bosnia’s Serb Republic to Russian state oil firm Zarubezhneft, is expected to restart production at the end of October, the Republic’s economy and energy ministry said on Tuesday. link

Bosnian Hotel Operator Cer To Issue Corporate Bonds Worth 256,000 Euro Oct 14, 2008, 16:00 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), October 14 (SeeNews) – Bosnian hotel operator Cer said on Tuesday it will issue later this month corporate bonds worth 500,000 marka ($350,000/256,000 euro) to finance and reschedule debts towards local banks. link

Bosnia’s C-Bank Cuts Reserve Requirement for Commercial Banks to 14% from 18% Oct 14, 2008, 14:11 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), October 14 (SeeNews) – Bosnia’s central bank said on Tuesday it has reduced the mandatory reserve requirement for commercial banks from 18% to 14% to boost liquidity. link

Heidelberg Cement’s Bosnian Unit H1 Net Profit Rises 88% Y/Y - Table Oct 14, 2008, 11:07 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), October 14 (SeeNews) - Tvornica Cementa Kakanj (TCK), a Bosnian cement factory owned by Germany’s Heidelberg Cement, had a first-half net profit of 28.54 million marka ($20 million/14.6 million euro), up from 15.19 million marka a year earlier, as revenue rose faster than costs, the company said. link

Bosnia Schedule of Events – Oct 14 – Jan 9 Oct 14, 2008, 10:21 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), October 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through January 9. New or amended entries are marked (*). link

* Bulgaria *

Bulgaria’s Stara Planina Hold To Buy Back 0.5% of Its Own Shares Oct 14, 2008, 17:57 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) - Bulgarian industrial group Stara Planina Hold said on Tuesday it will buy back up to 0.5% of its share capital in a price range of 2.15-2.8 levs ($1.5/1.1 euro-$2.0/1.4 euro) per share. link

Five Foreign, Three Local Companies Bid for Construction of 31 Km Section of Bulgaria’s Trakia Motorway Oct 14, 2008, 17:29 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) – Five foreign-led and three local companies and consortia have placed bids to build a 31-kilometre section of Bulgaria’s key Trakia motorway, a government agency said on Tuesday. link

Bulgaria’s MonBat Cuts Further Minimum Price for Share Buyback Oct 14, 2008, 17:29 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) - Bulgarian blue-chip car battery maker MonBat on Tuesday said it would cut further the minimum price for the buyback of 0.295% of its own shares in view of the international financial crisis that has hit the local stock market. link

Bulbrokers - Stock Market Daily Review - Oct 14, 2008 Oct 14, 2008, 16:52 CET | Broker’s Report | SeeNews Sharp Rise Of The US Indices After The Coordinated Rescue Plans Around The WorldUS indices started the Monday session with solid gains after the difficult previous week, when the Dow Jones fell 1,874.19 points, or a weakly loss of 18% - its’ worst ever performance in its 112-year history. Some kind of relief was brought by the coordinated actions of the countries around the world for saving the financial sector from the spreading crisis. Fed and other central banks announced plans to provide as much dollar liquidity as needed in short-term funding markets. The 15 euro-zone countries said they will guarantee new bank debt until the end of 2009. In addition, several European countries announced plans to guarantee interbank landing and directly inject capital in financial firms. The U.K. government plans to inject up to $63 billion in three U.K. banks. The U.S. is expected to announce measurements of its own, which will be pretty much the same as those in the old continent.Dur ing the day Morgan Stanley and Mitsubishi UFJ confirmed a deal that will allow the Japanese company to acquire 21% of the bank for $9 billion in preferred stocks with a 10% dividend. After the news, shares of Morgan Stanley surged by 87.0% to $18.10.General Motors and Ford Motor Co were also among the best performers with their stocks up by 33.7% to $6.51 and 20.1% to $2.39 respectively. The jump was caused by speculations for mergers between the struggling automakers, supported by rumors that GM has been in talks with its rivals Chrysler and Ford.General Electric Co was the only blue chip that closed in red with its shares down by 2.3% to $21.00. In a big trading volume session all the three indices closed in green with Dow scorings its biggest one-day gains in points. Dow Jones Industrial Average rose by 11.1% to 9387.61, S&P500 advanced by 11.6% to 1003.35 and Nasdaq Composite was up by 11.8% to 1844.25.Trading volume on NYSE was 1.8 bln. shares, with a ratio advancers/de cliners 15 to 1, and volume on Nasdaq was 2.6 bln. shares, with a io advancers/decliners 11 to 2. link

Bulgarian Stocks Extend Rally, Market Seen Bullish Oct 14, 2008, 16:45 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) - Bulgarian stocks posted further gains on Tuesday, extending their rally from the previous session as positive sentiment is expected to lift the market this week, brokers said. link

Bulbrokers - Daily FX Analysis - Oct 14, 2008 Oct 14, 2008, 16:30 CET | Broker’s Report | SeeNews The dollar rose against the yen on strong stock market demand link

Karoll - Bulgarian Daily Newsletter - Oct 14, 2008 Oct 14, 2008, 15:39 CET | Broker’s Report | SeeNews Headlines link

Bulgaria’s Eurohold Expects to Wrap up Sale of 21% in EIG by Yr-End Oct 14, 2008, 15:38 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) - Bulgarian financial and industrial group Eurohold Bulgaria expects to complete by the end of this year the sale of a 21% stake in its insurance subsidiary EuroIns Insurance Group (EIG) to Greece-based fund manager Global Finance for 25 million euro ($34.4 million), a company official said on Tuesday. link

Bulgaria Replaces Frozen EU Farm Aid with Own Payments - Media Oct 14, 2008, 14:44 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) – Bulgaria’s government has started paying aid to farmers from its own budget to compensate them for part of the European Union aid, which the bloc froze earlier this year, local Darik radio station reported on Tuesday. link

France’s Coface Aims to Insure Over 1.0 Bln Euro Receivables in Bulgaria in Three Years Oct 14, 2008, 14:17 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) - French credit insurance agency Coface will aim to insure more than 1.0 billion euro ($1.35 billion) worth of receivables of Bulgarian companies over the next three years, Coface Bulgaria senior official said on Tuesday. link

UBB - Bulgaria: Economic & Market Analyses - Aug 2008 Oct 14, 2008, 14:12 CET | Broker’s Report | SeeNews In the period January – July 2008, the Current and Capital account deficit was EUR 4,341.2 mn (13.2% of GDP), against a deficit of EUR 3,006.1 mn (10.4% of GDP) for the same period in 2007.As of end-July 2008 gross external debt was EUR 32,673.7 mn (99.5% of GDP) and increased by EUR 3,819.4 mn (13.2%) against the end of 2007 (EUR 28,854.3 mn, 99.8% of GDP).In the second quarter of 2008 the Gross domestic product (GDP) is amounted to BGN 158944.3 mn, which is 7.1% more compared to the same period previous year.The inflation 2008 decreased from 15.3% in July to 11.2% in AugustThe industrial sales in August increased their annual growth to 10.7%The retail sales growth with 6.0%.which is mostly due to the trade with pharmacy and medical goods – 7.1% and textile -6.3%.The total amount of the revenues on the consolidated fiscal program (CFP) for the first 7 months of the year mounted to BGN 16 442.4 mn which is 60.5% of the expected revenues till the end of 2008The money suppl y growth in July was 2.45%. On annual base it slows down up to 23.83% compared to 24.4% in June.Net domestic credit reached BGN 39.133 billion at the end of August 2008, which is a 43.6% increase compared to the same month of 2007 (47.8% annual growth in July).At the end of July the total assets of the banking system came up to BGN 66.9 billion, or EUR 34.2 billion, thus marking an increase by BGN 1.2 billion (1.8%) for the month, and by BGN 18.4 billion (37.9%) against 31 July 2007.Net assets of the nine private pension companies rose nearly with 22.33% compare to the end of 2007 and reached BGN 2 394 550 for the first half of 2008.The Bulgarian Stock Exchange – Sofia (BSE-Sofia) monthly turnover in July amounted to BGN 126.9 mn (a daily average of BGN 5.5 mn), compared to BGN 103.1 mn in June.For the second half of the second quarter of 2008 the price of the real estate grew with 5.5%, according to the NSII. EXTERNAL SECTOR1. Balance of PaymentsIn the period January – July 2008, the Current and Capital account deficit was EUR 4,341.2 (13.2% of GDP1), against a deficit of EUR 3,006.1 mn (10.4% of GDP) for the same period in 2007.In the period January – July 2008, the Current and Capital account deficit was EUR 4,341.2 mn (13.2% of GDP2), against a deficit of EUR 3,006.1 mn (10.4% of GDP) for the same period in 2007.In July 2008 the Current account was negative and amounted to EUR 424 mn, compared to a negative account of EUR 257.7 mn for the same month in 2007. In the period January – July 2008, the current account deficit was EUR 4,556.3 mn (13.9% of GDP), against a deficit of EUR 3,093.1 mn (10.7% of GDP) for the same period in 2007. The main factor for the increase of the current account deficit was the higher (by EUR 1,405.4 mn) trade deficit.The trade deficit3 in January – July 2008 amounted to EUR 5,190.2 mnion (15.8% of GDP), compared to a deficit of EUR 3,784.9 mnion (13.1% of GDP) for the same period in 2007. The trade deficit increase was also due to the increase of crude oil and natural g as prices.The Capital account balance was positive amounting to EUR 215.1 mn, compared to a positive balance of EUR 87 mn for the same period in 2007.The Financial account balance was positive amounting to EUR 6,117.9 mn, compared to a positive balance of EUR 5,324.1 mn for the same period in 2007.Foreign direct investment abroad was EUR 460 mnion against EUR 109.7 mnion for the same period in 2007.4 Foreign direct investment in Bulgaria5 was EUR 2,847.3 mn (8.7% of GDP) against EUR 3,325.9 mn (11.5% of GDP) for the same period in 2007. The direct investment covered 62.5% of the current account deficit against 107.5% for January – July 2007.Portfolio investment - assets increased by EUR 137.5 mnion, compared to a decrease of EUR 7.4 mnion for the same period in 2007. Portfolio investment – liabilities decreased by EUR 123.5 mn. In the period January – July 2007, the liabilities decreased by EUR 53.1 mn.Other investment – assets decreased by EUR 649 mn, compared to a decrease of EUR 201 mn for the same period in 2007. Other investme – liabilities increased by EUR 3,423.5 mn against an increase of EUR 1,999.5 mn for January – July 2007.The item Net errors and omissions were negative, amounting to EUR 96.1 mn. For the same period in 2007 the item was negative amounting to EUR 1,140.1 mn.The Overall balance was positive, amounting to EUR 1,680.7 mn compared to a positive overall balance of EUR 1,177.8 mn for the same period in 2007.In the period January – July 2008 the BNB reserve assets6 increased by EUR 1,680.7 mn. link

Bulgaria Cancels Sale of Shumen City Heating Utility on Lack of Interest Oct 14, 2008, 13:52 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) - Bulgaria’s Privatisation Agency said on Tuesday it has cancelled the sale of the heating utility in the northeastern city of Shumen on lack of investors’ interest. link

Elana - BSE Highlights - Oct 14, 2008 Oct 14, 2008, 13:33 CET | Broker’s Report | SeeNews Gains accelerated on Tuesday following the record leap on Wall Street. The stock market opened with 12% increase but some moderate selling pressure pushed down the prices. However, bulls maintained the control of the market and easily absorbed the offered shares. The turnover was moderate, although a bit higher than the average for September and October. Chimimport was the most actively traded position and quickly found equilibrium at the price of BGN 4.60%. The position advanced 15% and outperformed its subsidiaries, which also gained between 7 and 13%. Only the insurer Euro Ins weakened on Tuesday among SOFIX components in insignificant volumes. Banks jumped 10%. SOFIX soared 7.5%. link

FFBH - Bulgaria Morning Update - Oct 14, 2008 Oct 14, 2008, 13:18 CET | Broker’s Report | SeeNews market wrap-up link

SEE Stocks Rally in Morning Trade, Extend Monday’s Gains Oct 14, 2008, 10:59 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - The stock exchanges of southeast European countries rallied in early trade on Tuesday, extending Monday’s gains, amid the euphoria that conquered global markets, brokers said. link

Elana - Bulgaria Daily Report - Oct 13, 2008 Oct 14, 2008, 10:50 CET | Broker’s Report | SeeNews market highlights link

Bulgaria Schedule of Events - Oct 14 - Nov 25 Oct 14, 2008, 10:25 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bulgaria through November 25. New or amended entries are marked (*). link

Bulgarian Stock Exchange Expands Price Ranges Triggering Halts in Trading by 30% Oct 14, 2008, 10:12 CET | Story | SeeNews SOFIA (Bulgaria), October 14 (SeeNews) - The Bulgarian Stock Exchange (BSE) on Tuesday said it expanded by 30% the price ranges causing suspension of trading due to increased global market volatility. link

Karoll - Bulgarian Daily Newsletter - Oct 13, 2008 Oct 14, 2008, 09:57 CET | Broker’s Report | SeeNews Headlines link

BULGARIAN STOCK EXCHANGE SAYS EXPANDS PRICE RANGES TRIGGERING HALTS IN TRADING BY 30% Oct 14, 2008, 09:56 CET | Alert | SeeNews link

Bulgarian National Statistical Institute - Consumer Price Index Series by Months - May 1990 - Sept 2008 Oct 14, 2008, 09:34 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on consumer price index series by months for the period May 1990 - September 2008. link

Bulgarian National Statistical Institute - Consumer Price Indices - Sept 2008 Oct 14, 2008, 09:33 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on consumer price indiceses for September 2008. link

Bulgarian National Statistical Institute - Consumer Price Indices by Months of 2008 - Sept 2008 Oct 14, 2008, 09:32 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on consumer price indices by months of 2008 for September 2008. link

Bulgarian National Statistical Institute - Harmonized Iindex of Consumer Prices Series by Months - Jan 1997 - Sept 2008 Oct 14, 2008, 09:29 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on harmonized iindex of consumer prices series by months for the period January 1997 - September 2008. link

Bulgarian National Statistical Institute - Harmonized Iindices of Consumer Prices - Sept 2008 Oct 14, 2008, 09:28 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on harmonized iindices of consumer prices for September 2008. link

Bulgarian Stock Exchange - Daily Report - Oct 13, 2008 Oct 14, 2008, 08:52 CET | Specialists Reports | SeeNews The Bulgarian Stock Еxchange has published its report on turnover and prices for October 13, 2008. link

Bulgarian Land Development Reaches Agreement on Riverland, Borovets Oct 13, 2008, 23:05 CET | Story | AII Data Processing Ltd London-listed Bulgarian Land Development, the AIM listed Bulgarian residential and commercial development company, announced that it has reached agreement in principle with the vendors of the sites at Riverland, Borovets to settle the deferred consideration that would have become due on that development as units were sold. link

BTC urges 40% lower fixed-to-mobile rates Oct 13, 2008, 22:53 CET | Story | AII Data Processing Ltd Bulgaria’s dominant fixed-line carrier BTC pressed in a letter signed by CEO Bernard Moscheni for immediate decrease of fixed-to-mobile call rates by no less than 40%. link

Bulgarian stock market to regain some ground in 2009 - Poll Oct 13, 2008, 22:48 CET | Story | AII Data Processing Ltd The Bulgarian Stock Exchange is facing a bleak outlook for the rest of the year but analysts and investors are optimistic about its short- and the long-term future, showed a poll of Dnevnik daily. link

German firm Degi buys Mall of Sofia Oct 13, 2008, 22:46 CET | Story | AII Data Processing Ltd German company Degi has acquired the big-box shopping centre Mall of Sofia, said the anti-trust authority, which should rule on the deal. link

Lukoil boss says gas prices should fall Oct 13, 2008, 22:43 CET | Story | AII Data Processing Ltd Natural gas and electricity bills in Bulgaria should be slashed following the 40% drop in oil prices, Lukoil president Vagit Alekperov told Nova Television. link

Gastrade, Unitranscom grab railway freight permits Oct 13, 2008, 22:41 CET | Story | AII Data Processing Ltd Bulgarian fuel trader Gastrade and Bulgarian-Romanian joint venture Unitranscom were awarded railway freight transportation licences. link

Foreign investment promotion assoc calls for blanket deposit guarantee Oct 13, 2008, 22:38 CET | Story | AII Data Processing Ltd Bulgaria should fully protect savings in domestic banks to weather the worldwide financial storm and attract investments from the big European and global corporations, said Bulgaria’s foreign investment promotion association chairman Chavdar Aleksandrov. link

Bulgarian Insurer Euroins To Seek 5.1 Mln Euro in Capital Hike Oct 13, 2008, 19:07 CET | Story | SeeNews SOFIA (Bulgaria), October 13 (SeeNews) - Bulgarian blue-chip insurer Euroins on Monday said it plans to raise some 10 million levs ($6.9 million/5.1 million euro) in a capital hike to back its growth and weather the global financial turmoil. link

* Croatia *

Croatian Equity Indices Gain Around 7.0% on Broad-based Recovery Oct 14, 2008, 18:15 CET | Story | SeeNews ZAGREB (Croatia), October 14 (SeeNews) – The three Croatian share indices on Tuesday rallied for a second day running, adding around seven percent each, analysts said. link

Sales of ERP Software in Croatia To Grow to $60.2 Mln in Five Years – IDC Adriatics Oct 14, 2008, 16:10 CET | Story | SeeNews ZAGREB (Croatia), October 14 (SeeNews) - The value of sales of Enterprise Resource Planning (ERP) systems in Croatia is expected to reach $60.2 million (43.8 million euro) in the next five years from $35.75 million in 2007, a survey of IDC Adriatics showed on Tuesday. link

Croatian Bureau of Statistics - Tourism - Aug 2008 Oct 14, 2008, 15:03 CET | State Agencies Reports | SeeNews In August 2008, the number of tourist arrivals in all commercial accommodation facilities in the Republic of Croatia increased by 4%, while the number of tourist nights remained the same, as compared to August 2007.Tourists realised 17 831 375 tourist nights: 8.5% by domestic and 91.5% by foreign tourists.In August 2008, the number of domestic tourist nights decreased by 1.0%, while the number of foreign tourist nights remained the same, as compared to August 2007.Concerning the structure of foreign tourist nights, themost of them (73.5%) were realised by tourists from Germany (20.7%), Italy (17.0%), Slovenia (10.8%), the Czech Republic (7.9%), Austria (7.0%), Poland (5.6%) and Slovakia (4.5%). Tourists from other countries realised 26.5% of tourist nights. link

Croatian C-Bank Rejects All Bids Worth 93.2 Mln Euro in Currency Auction Oct 14, 2008, 14:51 CET | Story | SeeNews ZAGREB (Croatia), October 14 (SeeNews) - The Croatian central bank on Tuesday said it rejected all bids worth 93.2 million euro ($126 million) in a currency auction, in which it offered commercial banks to sell euro to boost their liquidity in the kuna national currency. link

Croatia Sells T-Bills Below Target, Yields Flat Oct 14, 2008, 13:29 CET | Story | SeeNews ZAGREB (Croatia), October 14 (SeeNews) - Croatia’s Finance Ministry on Tuesday sold 75 million kuna ($14.17 million/10.49 million euro) in one issue of Treasury bills, below its combined target offer of 200 million kuna, as yields were unchanged. link

UPDATE 2 - Croatia’s Sept CPI Rises 0.2% M/M, Up 6.4% Y/Y - Table Oct 14, 2008, 13:20 CET | Story | SeeNews (adds analyst comments) link

UPDATE 1 - Croatia’s Sept CPI Rises 0.2% M/M, Up 6.4% Y/Y - Table Oct 14, 2008, 11:38 CET | Story | SeeNews (adds breakdown figures) link

Croatian Govt Decides To Raise Guarantee on Bank Deposits of Individuals Oct 14, 2008, 11:14 CET | Story | SeeNews ZAGREB (Croatia), October 14 (SeeNews) - The Croatian government has decided to raise the ceiling for deposits of individuals guaranteed by the state to 400,000 kuna ($75,556/55,960 euro) from 100,000 kuna. link

Croatia’s Sept CPI Rises 0.2% M/M, Up 6.4% Y/Y - Table Oct 14, 2008, 11:02 CET | Story | SeeNews ZAGREB (Croatia), October 14 (SeeNews) - Croatia’s September consumer price index (CPI) rose by 0.2% month-on-month, after falling by a monthly 0.3% in August, the State Statistics Bureau said on Tuesday. link

SEE Stocks Rally in Morning Trade, Extend Monday’s Gains Oct 14, 2008, 10:59 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - The stock exchanges of southeast European countries rallied in early trade on Tuesday, extending Monday’s gains, amid the euphoria that conquered global markets, brokers said. link

CROATIA’S SEPT CPI +0.2% M/M, +6.4% Y/Y VS. -0.3% M/M, +7.4% Y/Y IN AUG- STATS OFFICE Oct 14, 2008, 10:50 CET | Alert | SeeNews link

FIMA Stock Monitor - Daily Report - Oct 13, 2008 Oct 14, 2008, 10:04 CET | Broker’s Report | SeeNews Daily comment: link

Erste Securities - Croatian Equity Daily - Oct 14, 2008 Oct 14, 2008, 09:54 CET | Broker’s Report | SeeNews Highlights: link

Croatia Schedule of Events - Oct 14 - Nov 20 Oct 14, 2008, 09:16 CET | Story | SeeNews ZAGREB (Croatia), October 14 (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

Crisis pummels world indices into rock bottom Oct 13, 2008, 22:50 CET | Story | AII Data Processing Ltd The Dow Jones Industrial Average saw its blackest week in history plummeting to a five-year low of 18%. link

Eight Croatian Investment Funds To Set Up Intervention Pool – Watchdog Oct 13, 2008, 19:07 CET | Story | SeeNews ZAGREB (Croatia), October 13 (SeeNews) – The managers of the four Croatian mandatory pension funds and the four largest open-end investment funds in the country will set up an intervention pool that would help them weather liquidity constrains, financial watchdog HANFA said on Monday. link

* Macedonia *

UPDATE - Macedonia’s Jan-August Trade Gap Widens 124.3% Y/Y to $2.043 Bln - Table Oct 14, 2008, 18:18 CET | Story | SeeNews (adds second table) link

Macedonia’s Q2 Retail Sales Rise 15.1% Y/Y - Table Oct 14, 2008, 17:30 CET | Story | SeeNews SKOPJE (Macedonia), October 14 (SeeNews) – Macedonia’s retail sales turnover rose by 15.1% on the year to 23.386 billion denars ($520.3 million/378.1 million euro) in the second quarter, the Statistics Office said on Tuesday. link

Macedonia’s Jan-August Trade Gap Widens 124.3% Y/Y to $2.043 Bln - Table Oct 14, 2008, 17:00 CET | Story | SeeNews SKOPJE (Macedonia), October 14 (SeeNews) - Macedonia’s trade deficit through August rose by 124.3% to $2.043 billion (1.489 billion euro) from $911 million a year earlier, the Macedonian Statistics Office said on Tuesday. link

MACEDONIA’S JAN-AUGUST TRADE GAP WIDENS 124.3% Y/Y TO $2.043 BLN FROM $922 MLN YR-AGO - STATS OFFICE Oct 14, 2008, 16:44 CET | Alert | SeeNews link

Macedonia’s End-Sept Mandatory Pension Fund Assets Rise 2.7% M/M Oct 14, 2008, 15:59 CET | Story | SeeNews SKOPJE (Macedonia), October 14 (SeeNews) - The net assets managed by Macedonia’s two mandatory pension funds totalled 4.55 billion denars ($101.24 million/73.66 million euro) at the end of September, up 2.7% from a month earlier, data from the country’s pension insurance supervision agency (MAPAS) indicated link

Macedonia Schedule of Events - Oct 14 - Nov 14 Oct 14, 2008, 09:10 CET | Story | SeeNews SKOPJE (Macedonia), October 14 (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 13, 2008 Oct 14, 2008, 08:53 CET | Specialists Reports | SeeNews Тhe Macedonian Stock exchange has published its daily report on turnover and prices for October 13, 2008. link

Crisis pummels world indices into rock bottom Oct 13, 2008, 22:50 CET | Story | AII Data Processing Ltd The Dow Jones Industrial Average saw its blackest week in history plummeting to a five-year low of 18%. link

* Moldova *

Moldova Schedule of Events - Oct 14 - Nov 12 Oct 14, 2008, 09:53 CET | Story | SeeNews CHISINAU (Moldova), October 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through November 12. New or amended entries are marked (*). link

Moldova Stock Exchange - Daily Report - Oct 13, 2008 Oct 14, 2008, 08:54 CET | Specialists Reports | SeeNews The Moldova Stock exchange has published its daily report on trading volumes and prices for October 13, 2008. link

* Montenegro *

Thirty-four Injured in Protest Rally in Montenegro Against Govt’s Recognition of Kosovo’s Independence - Media Oct 14, 2008, 11:27 CET | Story | SeeNews PODGORICA (Montenegro), October 14 (SeeNews) – Some 34 people were injured and 28 arrested in a protest rally Monday evening in the Montenegrin capital against the government’s recent recognition of neighbouring Kosovo as an independent state, state TV broadcaster RTCG reported on Tuesday. link

New Securities Exchange of Montenegro - Daily Report - Oct 13, 2008 Oct 14, 2008, 09:02 CET | Specialists Reports | SeeNews The New Securities exchange of Montenegro (NEX) has published its daily report on trading volumes and prices for October 13, 2008. link

* Romania *

Romanian Leu Ends Little Changed vs Euro amid Reviving Investor Optimism Oct 14, 2008, 18:34 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - Romania’s leu on Tuesday ended at 3.7700/7750 per euro, little changed from 3.7700/8000 on Monday, shadowing other emerging market currencies amid reviving investor optimism, dealers said. link

Romania To Raise Bank Deposit Guarantee - C-Bank Governor Oct 14, 2008, 18:16 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - Romania will raise the ceiling for bank deposits guaranteed by the state to 50,000 euro ($68,557) from 20,000 in response to the global financial crisis, complying with a decision of the European Union finance ministers, central bank governor Mugur Isarescu said on Tuesday. link

Romania’s Noble House Development Group To Start 12.7 Mln Euro First Phase of Condo Hotel Manta Rezidential in Q1 ’09 Oct 14, 2008, 18:13 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) – Romanian company Noble House Development Group said on Tuesday it plans to start building the 12.7 million euro ($17.4 million) first phase of its condo hotel project Manta Rezidential in the first quarter of 2009. link

Romanian Stocks Surge, Blue-chip Petrom Dominates Oct 14, 2008, 17:25 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - Romanian share indices rallied on Tuesday in high trading volumes dominated by blue-chip oil and gas group Petrom amid euphoria on global markets, brokers said. link

Romania’s Banca Transilvania Contracts 72.5 Mln Euro Syndicated Loan Oct 14, 2008, 16:20 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - Romania’s Banca Transilvania has signed a contract to borrow 72.5 million euro ($98 million) in a syndicated loan from a consortium of foreign banks in order to support its current lending operations and future development, it said on Tuesday. link

CORRECTED - Romania’s Anti-Trust Body Endorses Sale of Owner of Euroins Romania Asigurare-Reasigurare to Basildon Holding, Eurohold Bulgaria Oct 14, 2008, 16:05 CET | Story | SeeNews In BUCHAREST story "Romania’s Anti-Trust Body Endorses Sale of Owner of Euroins Romania Asigurare-Reasigurare to Basildon Holding, Eurohold Bulgaria" dated October 13 please read in the last paragraph “Shares of Bulgarian blue-chip insurer Euroins, in which EIG holds 70%, closed at…" , instead of “EIG shares closed at…” (correcting the name of the listed company). link

STOCKWATCH - RCI Keeps SocGen’s Romanian Arm BRD at ’Buy’ Oct 14, 2008, 12:43 CET | Analysis | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - Raiffeisen Capital & Investment (RCI) on Tuesday said it maintained its ’Buy’ recommendation on the Romanian Development Bank, BRD, a unit of French banking group Societe Generale, shortly after the lender announced preliminary nine-month results. link

Raiffeisen Capital & Investment - Investment Daily Romania - Oct 14, 2008 Oct 14, 2008, 12:00 CET | Broker’s Report | SeeNews WatchlistOLT will resume trading today after holding a GSM.In the newsBanca Transilvania to get EUR 102.5 mn financingAccording to Mr. Rekkers, Banca Transilvaniaa CEO, the bank is to sign a EUR 102.5 mn financing to fund its mortgage and SMEs portfolio. The International Finance Corporation (IFC) will grant some EUR 30 mn while the rest should be granted by a banking syndicate. We appreciate this piece of news as positive given the current context when the liquidity is in spot light. Oltchim share capital increaseChemical producer Oltchim (OLT) held a GSM on October 10, 2007. The shareholders have approved a share capital increase by RON 2.9 mn (EUR 0.8 mn) to RON 35.3 mn (EUR 9.4 mn), through the issuance of some 29.3 mn new shares. The new issue of shares refers to the land for which Oltchim has obtained certificates attesting its ownership right. According to Romanian Law nr. 137/2002 regarding certain measures for the acceleration of privatization, all legal entities tha t received land ownership certificates have to increase their share capital with the value of the land. In case of OLT, the state will contribute with RON 1.5 mn (EUR 0.4 mn) to Oltchim’s share capital. The Law also entitles the existing shareholders to maintain their level of shareholdings through cash additions. Some 13.7 mn new shares would be offered to existing shareholders for subscription at RON 0.1. The proposed registration date is October 28, 2008.Banca Carpatica budget revisionThe shareholders of Banca Carpatica (BCC) have approved the revised budget for 2008. The new budget foresees total assets of RON 2.45 bn, down 22% against the initially approved budget. Total loans are forecast at RON 1.55 bn, down 23% compared with previous management estimates while resources from clients are estimated at RON 1.9 bn, also down 20%. The new budget projects an EBT of RON 8 mn, down from RON 53 mn initially budgeted, with the net profit at RON 6.8 mn, compared to RON 44.7 mn. indices link

Ieba Trust - Romanian Market Daily - Oct 13, 2008 Oct 14, 2008, 11:58 CET | Broker’s Report | SeeNews Rescue plan chears up capital markets link

UPDATE 1 - SocGen’s Romanian Unit 9-mo Prelim Net Profit Rises 52.2% to 1.038 Bln Lei or 285 Mln Euro Oct 14, 2008, 11:47 CET | Story | SeeNews (adds details, share price) link

SEE Stocks Rally in Morning Trade, Extend Monday’s Gains Oct 14, 2008, 10:59 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - The stock exchanges of southeast European countries rallied in early trade on Tuesday, extending Monday’s gains, amid the euphoria that conquered global markets, brokers said. link

Ieba Trust - Romanian Market Weekly - Oct 6 - 10, 2008 Oct 14, 2008, 10:39 CET | Broker’s Report | SeeNews 1A. Bucharest Stock exchange Indicators link

Raiffeisen Capital & Investment - Company News - BRD-GSG 3Q 08 Preliminary Results - Oct 14, 2008 Oct 14, 2008, 10:25 CET | Broker’s Report | SeeNews BRD-GSG 3Q 08 preliminary results (neutral) link

SocGen’s Romanian Unit 9-mo Prelim Net Profit Rises 52.2% to 1.038 Bln Lei or 285 Mln Euro Oct 14, 2008, 09:51 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - Romanian Development Bank, BRD, majority owned by French banking group Societe Generale, reported on Tuesday a 52.2% annual rise in its preliminary nine-month net profit to almost 1.04 billion lei, or 285 million euro ($388.5 million). link

Romania Schedule of Events - Oct 14 - Dec 23 Oct 14, 2008, 09:24 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through December 23. New or amended entries are marked (*). link

SOCGEN’S ROMANIAN BANK BRD SAYS 9-MO PRELIM NET PROFIT RISES 52.2% TO 1.038 BLN LEI OR 285 MLN EURO Oct 14, 2008, 09:11 CET | Alert | SeeNews link

Bucharest Stock Exchange - Daily Report - Regulated Market - Oct 13, 2008 Oct 14, 2008, 08:49 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its report on trading volumes and prices on the regulated market for October 13, 2008. link

Bucharest Stock Exchange - Daily Report - RASDAQ Market - Oct 13, 2008 Oct 14, 2008, 08:48 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its daily RASDAQ market report for October 13, 2008. link

Crisis pummels world indices into rock bottom Oct 13, 2008, 22:50 CET | Story | AII Data Processing Ltd The Dow Jones Industrial Average saw its blackest week in history plummeting to a five-year low of 18%. link

Gastrade, Unitranscom grab railway freight permits Oct 13, 2008, 22:41 CET | Story | AII Data Processing Ltd Bulgarian fuel trader Gastrade and Bulgarian-Romanian joint venture Unitranscom were awarded railway freight transportation licences. link

LPP Fashion invests EUR 650,000 in first 3 CroppTown stores in Romania Oct 13, 2008, 22:36 CET | Story | ADP News (ADP News) - Oct 13, 2008 - Polish fashion retailer LPP Fashion invested EUR 650,000 (USD 887,400) in its first three CroppTown fashion stores in Romania. link

* Serbia *

Belgrade Indices Gain Further Ground on Global Financial Cheer Oct 14, 2008, 17:47 CET | Story | SeeNews BELGRADE (Serbia), October 14 (SeeNews) - The share indices of the Belgrade Stock Exchange (BELEX) rose for a second day running on Tuesday as market sentiment improved across the globe following pledges by central banks to help troubled commercial banks, brokers said. link

Serbia’s Delta Real Estate To Invest 600 Mln Euro in Retail, Business Projects Through 2012 - Media Oct 14, 2008, 16:07 CET | Story | SeeNews BELGRADE (Serbia), October 14 (SeeNews) – Serbia’s Delta Real Estate plans to invest until 2012 a total of 600 million euro ($822.66 million) in the construction of several retail and business buildings in Belgrade and a retail development in Slovenia, local daily Glas Javnosti reported on Tuesday. link

CORRECTED - Kosovo To Import Up to 260 MW (Not 190 MW) Electricity until End-March 2009 Oct 14, 2008, 15:25 CET | Story | SeeNews In PRISTINA story "Kosovo To Import Up to 190 MW Electricity until End-March 2009" dated October 10 please read in the headline "...up to 260 MW..." instead of "...up to 190 MW..." and read in the first paragraph "...between 140 and 260 megawatts..." instead of "...between 140 and 190 megawatts..." (correcting figures). Please note that the third paragraph of the original story has been replaced by a table to include more details. link

Serbia Extends Bid Deadline for 70% of River Shipping Company JRB to Oct 31 Oct 14, 2008, 14:40 CET | Story | SeeNews BELGRADE (Serbia), October 14 (SeeNews) - Serbia has extended the bid deadline for a 69.99% stake in river shipping company Jugoslovensko Recno Brodarstvo (JRB) from October 17 to October 31, the government’s Privatisation Agency said on Tuesday. link

Serbian Dinar Weakens Further Despite C-Bank’s Monday Intervention Oct 14, 2008, 14:26 CET | Story | SeeNews BELGRADE (Serbia), October 14 (SeeNews) – The Serbian dinar continued to weaken on Tuesday despite the central bank’s 60 million euro ($million) intervention on the foreign exchange market a day earlier, reflecting the physiological toll that the global crisis is taking on Serbia, local dealers said. link

SEE Stocks Rally in Morning Trade, Extend Monday’s Gains Oct 14, 2008, 10:59 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - The stock exchanges of southeast European countries rallied in early trade on Tuesday, extending Monday’s gains, amid the euphoria that conquered global markets, brokers said. link

Sinteza Investment Group - Daily Market Wrap Up - Oct 13, 2008 Oct 14, 2008, 09:50 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its daily trading report for October 13, 2008. The report contains an overview of the Serbian Financial market. link

Sinteza Investment Group - Daily Market Wrap Up - Oct 10, 2008 Oct 14, 2008, 09:49 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its daily trading report for October 10, 2008. The report contains an overview of the Serbian Financial market. link

Vojvodjanska Banka - Daily Vobnews - Oct 14, 2008 Oct 14, 2008, 09:35 CET | Broker’s Report | SeeNews Serbia’s Vojvodjanska banka released its Daily Vobnews report for October 14, 2008 containing the following charts and tables: link

Serbia Schedule of Events - Oct 14 - Dec 30 Oct 14, 2008, 09:32 CET | Story | SeeNews BELGRADE (Serbia), October 14 (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

Belgrade Stock Exchange - Daily Report - Oct 13, 2008 Oct 14, 2008, 08:47 CET | Specialists Reports | SeeNews The Belgrade Stock exchange has published its daily report on trading volumes and prices for October 13, 2008. link

Crisis pummels world indices into rock bottom Oct 13, 2008, 22:50 CET | Story | AII Data Processing Ltd The Dow Jones Industrial Average saw its blackest week in history plummeting to a five-year low of 18%. link

* Slovenia *

Slovenian Stocks Rise Sharply on Positive Global Mood Oct 14, 2008, 17:44 CET | Story | SeeNews LJUBLJANA (Slovenia), October 14 (SeeNews) - Slovenian stock indices gained more than seven percent each on Tuesday on a global market upswing, brokers said. link

Ljubljana Bourse Replaces Index Components Intereuropa, Zito with Zavarovalnica Triglav Oct 14, 2008, 16:18 CET | Story | SeeNews LJUBLJANA (Slovenia), October 14 (SeeNews) - The Ljubljana Stock Exchange (LJSE) will replace logistics company Intereuropa in its blue-chip index and food company Zito in its broader index with insurer Zavarovalnica Triglav, the LJSE said on Tuesday. link

Ljubljana Stock Exchange - Monthly Report - Sept 2008 Oct 14, 2008, 14:28 CET | Specialists Reports | SeeNews The Ljubljana Stock exchange has published its monthly report on trading volumes and prices for September 2008. link

Ljubljana Stock Exchange - Comprehensive Monthly Statistics - Sept 2008 Oct 14, 2008, 14:27 CET | Specialists Reports | SeeNews Ljubljana Stock exchange has published its comprehensive monthly report on turnover and prices for September 2008. link

Slovenian Statistical Office - Agricultural Input Price Indices - Detailed Data - Aug 2008 Oct 14, 2008, 13:27 CET | State Agencies Reports | SeeNews In comparison with the previous month, in August 2008 agricultural input prices increased on average by 0.1%, while compared to August 2007 they were up by 24.2%. link

Slovenian Statistical Office - Livestock Slaughter in Slaughterhouses - Aug 2008 Oct 14, 2008, 13:25 CET | State Agencies Reports | SeeNews In August 2008, slaughter of livestock decreased over the previous month. It was also down in comparison with August 2007. link

Slovenian Statistical Office - Milk and Milk Products - Aug 2008 Oct 14, 2008, 13:23 CET | State Agencies Reports | SeeNews In August 2008 the quantity of cow’s milk collected from farms increased by 0.7% over the previous month. Compared to August 2007 it was down by 1.4%. link

Slovenian Statistical Office - Producer Price Indices and Prices of Agricultural Products - Deatiled Data - Aug 2008 Oct 14, 2008, 13:19 CET | State Agencies Reports | SeeNews Compared to July 2008, in August 2008 the prices of agricultural products were 0.2% lower, while compared to August 2007 they were higher by 16.9%. link

Slovenian Statistical Office - Women Farmers in Slovenia - Oct 14, 2008 Oct 14, 2008, 13:18 CET | State Agencies Reports | SeeNews In the spring of 2008 an economically active woman farmer in Slovenia on average worked almost 40 hours per week, while a retired woman farmer worked on average 36 hours per week. Women farmers in Slovenia mostly work 7 days a week: 90% of them work on Saturdays and 80% also on Sundays. link

Ljubljana Bourse Expands Price Ranges Triggering Halts in Trading in Krka, Petrol, Aerodrom Ljubljana Oct 14, 2008, 11:48 CET | Story | SeeNews LJUBLJANA (Slovenia), October 14 (SeeNews) - The Ljubljana Stock Exchange (LJSE) on Tuesday temporarily expanded the price range triggering suspension of trading in shares of drug maker Krka, fuel trader Petrol, airport operator Aerodrom Ljubljana to 20% from 10% after the bourses indices surged more than seven percent each. link

Slovenia’s NKBM Bank Raises 53 Mln Euro in Capital Hike, Below Target Oct 14, 2008, 11:28 CET | Story | SeeNews LJUBLJANA (Slovenia), October 14 (SeeNews) - Slovenia’s second largest bank by assets, Nova Kreditna Banka Maribor (NKBM), said on Tuesday it has raised 53.118 million euro ($72 million) in a capital hike, less than half its target. link

SEE Stocks Rally in Morning Trade, Extend Monday’s Gains Oct 14, 2008, 10:59 CET | Story | SeeNews BUCHAREST (Romania), October 14 (SeeNews) - The stock exchanges of southeast European countries rallied in early trade on Tuesday, extending Monday’s gains, amid the euphoria that conquered global markets, brokers said. link

Slovenia Schedule of Events - Oct 14 - Nov 6 Oct 14, 2008, 09:01 CET | Story | SeeNews LJUBLJANA (Slovenia), October 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Slovenia through November 6. New or amended entries are marked (*). link

Crisis pummels world indices into rock bottom Oct 13, 2008, 22:50 CET | Story | AII Data Processing Ltd The Dow Jones Industrial Average saw its blackest week in history plummeting to a five-year low of 18%. link

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