Centro Studi Europa dell’Est - notiziario del 06.02.2008 - powered by www.seenews.com

NOTIZIARIO DEL 06.02.2008

* ALBANIA *

Albanian Insurers 2007 Gross Premium Income Up 31% to 5.94 Bln Leks (48 Mln Euro) Feb 06, 2008, 11:29 CET | Story | SeeNews TIRANA (Albania), February 6 (SeeNews) - The gross premium income of Albanian insurers reached 5.94 billion leks ($70.59 million/48.31 million euro) in 2007, up 31% on the year, official statistics showed on Wednesday. link

Albania Sells 1.5 Bln Leks (12 Mln Euro) in 3-mo T-Bills, Yields Rise Feb 06, 2008, 09:41 CET | Story | SeeNews TIRANA (Albania), February 6 (SeeNews) - Albania’s central bank sold 1.5 billion leks ($17.82 million/12.2 million euro) in three-month Treasury bills at an auction held on Tuesday, as the yields rose, the bank said on Wednesday. link

Japan To Lend 77 Mln Euro to Albania for Sewerage System Upgrade Feb 06, 2008, 12:09 CET | Story | SeeNews TIRANA (Albania), February 6 (SeeNews) - Japan will extend a 12 billion yen ($112.7 million/77.17 million euro) soft loan to Albania for an upgrade of its sewerage system, Albania said on Wednesday. link

* BOSNIA *

Slovenian Iskraemeco Launches Buyout Bid for Bosnian Aerated Concrete Maker Siporex Feb 06, 2008, 15:09 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), February 6 (SeeNews) – Slovenian electricity meter manufacturer Iskraemeco has launched a buyout bid for 75.05% of Bosnian aerated concrete maker Siporex via its Croatian subsidiary, Siporex said on Wednesday. link

Bosnia’s NLB Tuzlanska Banka 2007 Profit Rises over Four Times Feb 06, 2008, 17:29 CET | Story | SeeNews TUZLA (Bosnia and Herzegovina), February 6 (SeeNews) – Bosnia’s NLB Tuzlanska Banka, owned by Slovenia’s largest banking group Nova Ljubljanska Banka (NLB), reported a profit of 7.0 million marka ($5.2 million/3.6 million euro) for last year, a rise of more than four times from 2006. link

Bosnian Town of Laktasi To Issue First-ever Municipal Bonds on Feb 21 Feb 06, 2008, 17:04 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), February 6 (SeeNews) – The Bosnian town of Laktasi said on Wednesday it will start issuing on February 21 the country’s first-ever municipal bonds worth a total of 10 million marka ($7.5 million/5.1 million euro). link

Bosnia Schedule of Events – Feb 6 - May 9 Feb 06, 2008, 09:11 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), February 6 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through May 9. New or amended entries are marked (*). link

* BULGARIA *

Germany’s RWE Joins 5.0 Bln Euro Nabucco Gas Pipeline Project as Sixth Partner - Nabucco Consortium Feb 05, 2008, 19:26 CET | Story | SeeNews VIENNA (Austria), February 5 (SeeNews) - Germany’s power giant RWE on Tuesday became the sixth partner in the 5.0 billion euro ($7.3 billion) Nabucco gas pipeline project designed to carry Caspian gas to Central Europe via Turkey, the Nabucco consortium said. link

BSE - Daily Bulletin, Selected Announcements - Feb 5, 2008 Feb 06, 2008, 08:45 CET | Specialists Reports | SeeNews Bulgartabac-holding AD-Sofia, BSE code - BTH, has filed the following information with BSE-Sofia:In connection with decisions of the Supervisory and Management Board of Bulgartabac-holding AD for sale of the owned by the Holding shares of the capital of Kardzhali - Tabak AD, Kardzhali through a publicly announced tender with only one criterion for offers assessment namely the proposed purchase price, the following parameters have been defined concerning the new tender for sale of 461,828 common, dematerialised, registered shares, representing 90.564% of the capital of Kardzhali - Tabak AD:- Minimal tender price: BGN 1,506,000- Period of offers submission: 30 days as of the date of publication of the announcement in compliance with the tender documentationThe new tender documentation for the sale of 461,828 common, dematerialised, registered shares, representing 90.564% of the capital of Kardzhali - Tabak AD is identical to the previous ones, but with new financial parameters. The tender announcement will be published in two national newspapers and in one local as the expected starting date for submission of offers will be 07 March 2008.In the announcement and the tender documentation will be specified all the important dates of inspections, clarifications, making deposits for participation etc. conforming to the offers submission timeframe. link

UBB - Bulgarian Commercial Banks’ Market Positions - Dec 2007 Feb 06, 2008, 13:40 CET | Broker’s Report | SeeNews The document contains the following tables: link

Bulgarian Unit of EFG Eurobank Says Targets 10% of Fresh Investment in Mutual Funds in 2008 Feb 06, 2008, 13:48 CET | Story | SeeNews SOFIA (Bulgaria), February 6 (SeeNews) - EFG Eurobank Bulgaria, majority-owned by Greece’s EFG Eurobank Ergasias, plans to grasp 10% of fresh investments in mutual funds in the EU newcomer in 2008, its executive director Assen Yagodin said on Wednesday. link

Bulgarian National Bank - Weekly Balance Sheet of Issue Dept - Jan 25, 2008 Feb 06, 2008, 14:42 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published the balance sheet of its issue department as of January 25, 2008. link

Bulgarian National Bank - Weekly Balance Sheet of Issue Dept - Feb 1, 2008 Feb 06, 2008, 14:50 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published the balance sheet of its issue department as of February 1, 2008. link

Bulgaria’s Financial Regulator Approves Fourth Mutual Fund of DSK Bank’s Asset Manager Feb 06, 2008, 15:07 CET | Story | SeeNews SOFIA (Bulgaria), February 6 (SeeNews) – The asset manager of Bulgarian DSK Bank, owned by Hungarian OTP Bank, on Wednesday received regulatory approval to set up a fourth mutual fund. link

Owner of Bulgaria’s Largest Steel Mill Kremikovtzi Hires Merrill Lynch To Advise on Viability Options Feb 06, 2008, 15:08 CET | Story | SeeNews SOFIA (Bulgaria), February 6 (SeeNews) - Global Steel Holdings Limited (GSHL), the majority owner of Bulgaria’s largest steel mill Kremikovtzi, has hired U.S. investment bank Merrill Lynch to advise it on options for securing the plant’s viability, the steel mill said on Wednesday. link

EBRD Sells Stake in ProCredit Bank Bulgarian Unit to Majority Shareholder Feb 06, 2008, 17:35 CET | Story | SeeNews SOFIA (Bulgaria), February 6 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) has sold its 19.71% stake in ProCredit Bank Bulgaria to majority shareholder ProCredit Holding for an undisclosed sum, the Bulgarian bank said on Wednesday. link

Karoll - SOFIX Short Term Outlook - Feb 5, 2008 Feb 06, 2008, 09:17 CET | Broker’s Report | SeeNews 02/05/2008...1441.13... link

Elana - Bulgaria Daily Report - Feb 5, 2008 Feb 06, 2008, 10:22 CET | Broker’s Report | SeeNews MARKET HIGHLIGHTSBSE continued the positive trend and closed the session on the up side. The volumes were subdued but the buy offers predominated and boosted most positions. Stara Planina Hold (CENHL: 6.35; +4.44%) outperformed under permanent broad-based interest. The holding’s subsidiary Elhim Iskra (ELHIM: 5.74; +4.55%) also gained after the strong 4Q financial report. Chimimport (CHIM: 11.22; +4.67%) breached the threshold of BGN 11.00 and managed to close above this level. Banking sector continued to get support although in slower pace.First Investment Bank (FIB: 10.26; +6.65%) woke up and made an impressive run after several weeks of persistent weakness. The price is still below the IPO’s level but the announced 4Q report could provide support in short term as net profit exceeded expectations and P/E ratio improved to the average for the market. link

FFBH - Bulgaria Morning Update - Feb 6, 2008 Feb 06, 2008, 11:36 CET | Broker’s Report | SeeNews MARKET WRAP-UPOn Tuesday all the BSE indexes recorded positive movements following an increase in most of the public companies. Despite the low liquidity SOFIX reached 1,428.47 (+0.45%), BG40 - 412.88 (+1.35%, BGTR30 - 928.89 (+0.83%) and BGREIT - 99.98 (+0.66%). link

STS Finance - Daily Stock Exchange Report - Feb 5, 2008 Feb 06, 2008, 13:29 CET | Broker’s Report | SeeNews The leading Bulgarian indexes finished the Tuesday session with gains. Despite the modest increase from the day, SOFIX added nearly 7 points and traded firm above 1400. link

Bulgarian Stock Indices Mostly Down, Tracking Global Bourses Feb 06, 2008, 15:42 CET | Story | SeeNews SOFIA (Bulgaria), February 6 (SeeNews) – Plunges on U.S. and Asian stock markets alarmed investors on the Bulgarian Stock Exchange on Wednesday and dragged most of its indices lower, brokers said. link

Bulgaria Schedule of Events - Feb 6 - March 20 Feb 06, 2008, 09:00 CET | Story | SeeNews SOFIA (Bulgaria), February 6 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Bulgaria through March 20. New or amended entries are marked (*). *Wednesday, February 6 - Sofia: Hungarian President Laszlo Solyom ends two-day official visit to Bulgaria at the invitation of his Bulgarian counterpart Georgi Parvanov. link

STS Finance - Daily FX Analysis - Feb 6, 2008 Feb 06, 2008, 10:13 CET | Broker’s Report | SeeNews The euro sunk against the dollar, as а result of weak service data – 6 th February, 2008The dollar marked its biggest growth against the European currency for the last two months. This was a result from the Eurozone services PMI data, which fell to unexpected level at 50.6.The American currency may advance against the euro for a second straight day on speculation the European Central Bank might lower interest rates this year as the economy shows signs of weakness.The euros weakness against the dollar helped lift the greenback across the board despite the weak US service sector data. The weak ISM non-manufacturing data reinforced fears the economy is slowing even as the Federal Reserve cuts rates aggressively to revive growth. These data’s managed to sunk the US stock market, but it didn’t succeed to do the same with the currency market. The dollar index, a measure of the US currency’s value against a basket of six currencies, was up 1.1 percent at 77.436., which is its biggest daily percentage advance since December.Traders will continue to focus on the ECB policy decision on Thursday – in which the central bank is expected leave rates unchanged at 4.0%.The Australian dollar fell against the major currencies, in despite of hiked interest rates by 25 basis points to 7.00%The sterling rose against the most of the majors but it couldn’t manage to hold the dollar rally.Today from the economic calendar we are expecting the news fromCanada, about building permits and IVEY PMI index. From USA we are looking for the non-farm productivity report. In the end of the day the focus will be on New Zealand unemployment rate. link

* CROAZIA *

Slovenian Iskraemeco Launches Buyout Bid for Bosnian Aerated Concrete Maker Siporex Feb 06, 2008, 15:09 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), February 6 (SeeNews) – Slovenian electricity meter manufacturer Iskraemeco has launched a buyout bid for 75.05% of Bosnian aerated concrete maker Siporex via its Croatian subsidiary, Siporex said on Wednesday. link

Croatia 2007 Tourist Numbers Rise 7.0% Y/Y, Overnights Up 6.0% Feb 06, 2008, 16:23 CET | Story | SeeNews ZAGREB (Croatia), February 6 (SeeNews) - The number of tourists staying in Croatia rose by 7.0% to some 11.2 million last year, the Croatian Statistics Bureau said on Wednesday. link

Croatia’s End-Nov Foreign Debt Grows 12% Y/Y - RBA Feb 06, 2008, 11:52 CET | Story | SeeNews ZAGREB (Croatia), February 6 (SeeNews) - Croatia’s foreign debt rose by 12% on the year to 31.92 billion euro ($46.7 billion) at the end of November, commercial bank Raiffeisenbank Austria Zagreb (RBA) said on Wednesday. link

Croatia’s 2007 Retail Sales Up Real 5.3% - Table Feb 06, 2008, 15:26 CET | Story | SeeNews ZAGREB (Croatia), February 6 (SeeNews) - Croatia’s retail sales in 2007 rose by a real 5.3% compared to a real 2.1% growth in 2006, the State Statistics Bureau said on Wednesday. link

FIMA Stock Monitor - Daily - Feb 5, 2008 Feb 06, 2008, 09:01 CET | Broker’s Report | SeeNews Daily comment:Bearish sentiment combined with low stock turnover nosedived popular benchmark by 2,3%. Share of heavy construction and power trunk producer Dalekovod (DLKV-R-A) declined by 1,8%. Strong order book, with this year`s order book inflow totaling to HRK 4,5 – 5 billion, gives the market capitalization/order book inflow of 0,7. Furthermore, together with its partners, Dalekovod formed a SPB Sportski grad involved in construction of sports hall in Split. This project is worth some EUR 140 million (HRK 1 billion). Another upside for Dalekovod comes from the fact that it owns 15 daughter companies, with 100% stake in majority of them, and despite that, does not publish consolidated financial statements. Thus, we see some HRK 250 – 300 million consolidation upside on the sales side. Preferred share of tobacco and tourism company Adris (ADRS-R-A) decreased additional 2,2%. Adris share started to decline after newly formed Croatian government announced that new law pro hibiting smoking in all public areas will be introduced. Adris is speculated to move into new business – with the cash on the balance sheet and the low debt to equity the company has possibility to invest into other targets. The company announced that it is interested to tender for the government stake in the national insurance company Croatia osiguranje (CROS-R-A). However, there was no news from the Government lately on the privatization issue. Even though BDI continues to rise, share of Pula based shipping company Uljanik plovidba (ULPL-R-A) plummeted 4,1% to HRK 3.080. Taking into account that company diversified its activities on dry bulk and tanker segment mainly on long-term contracts base, the Co won’t feel consequences due to the recent BDI slump. On the other side, it will profit from expected recovery on dry bulk market when negotiations among Chinese steel makers and main iron ore producers finish. Another Co’s advantage is that operates modern fleet curren tly consisted of six vessels with average oldness of 2.5 years, ma g it more competitive for expensive commodities transport. link

Erste Securities - Croatian Equity Daily - Feb 6, 2008 Feb 06, 2008, 11:07 CET | Broker’s Report | SeeNews Highlights: link

Croatian Share Indices Slip Further on Global Falls, Domestic Worries Feb 06, 2008, 18:35 CET | Story | SeeNews ZAGREB (Croatia), February 6 (SeeNews) - Croatian share indices finished lower on Wednesday, hit by global market falls and domestic concerns, traders said. link

Croatia Schedule of Events – Feb 6 - May 17 Feb 06, 2008, 09:22 CET | Story | SeeNews ZAGREB (Croatia), February 6 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through May 17. New or amended entries are marked (*). link

Croatia C-Bank Approves All Bids in Revrepo Auction, Weighted Rate Up Feb 06, 2008, 12:19 CET | Story | SeeNews ZAGREB (Croatia), February 6 (SeeNews) – The Croatian central bank said on Wednesday it approved all bids for Treasury bills worth 1.133 billion kuna ($228.1 million / 155.9 million euro) placed in a reverse repo auction, as the weighted repo rate rose. link

* MACEDONIA *

Yields Fall on Macedonian 91-day T-bills, Rise on 182-day T-bills Feb 06, 2008, 11:56 CET | Story | SeeNews SKOPJE (Macedonia), February 6 (SeeNews) - The yield on Macedonian three-month Treasury bills fell while that on 182-day Treasury bills rose at an auction on Wednesday, central bank data showed. link

Macedonia Schedule of Events - Feb 6 - Nov 28 Feb 06, 2008, 10:48 CET | Story | SeeNews SKOPJE (Macedonia), February 6 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to Macedonia through November 28. New or amended entries are marked (*). link

Macedonia Seeks NATO Membership To Help Cope With Any Kosovo Independence Fallout – President Feb 06, 2008, 14:48 CET | Story | SeeNews SKOPJE (Macedonia), February 6 (SeeNews) - Macedonia is seeking rapid NATO membership to help deal with any negative impact resulting from the expected imminent declaration of independence of the U.N.-run southern Serbian province of Kosovo, Macedonia’s President Branko Crvenkovski said in a letter to NATO ambassadors released on Wednesday. link

Macedonian C-bank Absorbs 5.3 Bln Denars (82.7 Mln Euro) in 28-day Repo Funds Feb 06, 2008, 15:03 CET | Story | SeeNews SKOPJE (Macedonia), February 6 (SeeNews) - Macedonia’s central bank, NBRM, on Wednesday said it absorbed 5.3 billion denars ($127.5 million/82.7 million euro) in 28-day repo funds from the banking system. link

* MOLDOVA *

Moldovan Cigarette Maker Tutun CTC Sales Rise 10% in 2007 Feb 06, 2008, 12:47 CET | Story | SeeNews CHISINAU (Moldova), February 6 (SeeNews) – The sales value of Moldova’s sole cigarette maker Tutun CTC rose by ten percent last year on higher exports, a company official said on Wednesday. link

Moldova’s Energbank Net Profit Almost Doubles in 2007 - Table Feb 06, 2008, 13:35 CET | Story | SeeNews CHISINAU (Moldova), February 6 (SeeNews) - The net profit of Moldova’s Energbank almost doubled last year to 36.6 million lei ($3.3 million/2.2 million euro), the bank said on Wednesday. link

MOLDOVA’S TRADE DEFICIT WIDENS 43% IN 2007 TO $2.35 BLN - STATS OFFICE Feb 06, 2008, 11:11 CET | Alert | SeeNews link

Moldova’s Trade Deficit Widens 43% in 2007 - Table Feb 06, 2008, 11:32 CET | Story | SeeNews CHISINAU (Moldova), February 6 (SeeNews) - Moldova’s trade deficit widened by 43% last year to $2.35 billion (1.6 billion euro) as imports grew faster than exports, the country’s statistics bureau said on Wednesday. link

Moldova Schedule of Events - Feb 6 - Feb 27 Feb 06, 2008, 10:24 CET | Story | SeeNews CHISINAU (Moldova), February 6 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to Moldova through February 27. New or amended entries are marked (*) link

* MONTENEGRO *

World Bank Lends 6.5 Mln Euro to Montenegrin Power Monopoly Feb 06, 2008, 13:28 CET | Story | SeeNews PODGORICA (Montenegro), February 6 (SeeNews) – The World Bank has approved a 6.5 million euro ($9.5million) credit to Montenegrin power monopoly, EPCG, for modernisation and capacity development, the company said on Wednesday. link

* ROMANIA *

Germany’s RWE Joins 5.0 Bln Euro Nabucco Gas Pipeline Project as Sixth Partner - Nabucco Consortium Feb 05, 2008, 19:26 CET | Story | SeeNews VIENNA (Austria), February 5 (SeeNews) - Germany’s power giant RWE on Tuesday became the sixth partner in the 5.0 billion euro ($7.3 billion) Nabucco gas pipeline project designed to carry Caspian gas to Central Europe via Turkey, the Nabucco consortium said. link

Romania 2007 Tourist Numbers Rise 12% - Table Feb 06, 2008, 09:22 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - The number of tourists in Romania in 2007 rose by 12% to almost 6.972 million and overnights increased by 8.4% to some 20.593 million, the country’s statistics board (INS) said on Wednesday. link

Raiffeisen Capital & Investment - Transgaz 2007 Preliminary Results Feb 06, 2008, 10:48 CET | Broker’s Report | SeeNews Transgaz 2007 preliminary results link

Boeing Gets $150 Mln Order from Romanian Low-cost Airline Blue Air for Two Aircraft Feb 06, 2008, 12:37 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) – U.S. Boeing said on Wednesday it has received a $150 million (102.4 million euro) order from Romanian low-cost airline Blue Air for two Next Generation 737-800 aircraft and purchase rights for two more. link

European Goldfields Says Completes Environmental Impact Study of Romania’s Certej Site Feb 06, 2008, 13:03 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - Canada-based European Goldfields Ltd. said on Wednesday it has completed the final Environmental Impact Study (EIS) of its Certej gold/silver project in western Romania. link

Roche Group’s Romanian Unit 2007 Turnover Up 6.0% to 364 Mln Lei (99.4 Mln Euro) Feb 06, 2008, 13:21 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - The turnover of Swiss drug maker Roche Group’s Romanian unit rose by 6.0% last year to 364 million lei ($145.2 million/99.4 million euro), the company said on Wednesday quoting data from Cegedim Romania market researcher. link

ROMANIA TO LIST PROPERTY RESTITUTION FUND PROPRIETATEA AT END-2008 – FUND’S PRESIDENT Feb 06, 2008, 13:52 CET | Alert | SeeNews link

Romania To List Property Restitution Fund Proprietatea at End-2008 - Fund’s President Feb 06, 2008, 14:14 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - Romania will list restitution investment fund Proprietatea at the end of this year on the Bucharest bourse, the fund’s president Emanoil Negut said on Wednesday. link

UPDATE 1 - Romania To List Property Restitution Fund Proprietatea at End-2008 Feb 06, 2008, 14:52 CET | Story | SeeNews (adds more quotes, details) link

Romania’s North Star Shipping Raises Stake in Port Operator Minmetal to 96.86% Feb 06, 2008, 16:05 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) – Romanian transport and shipping firm North Star Shipping has raised its stake in port operator Minmetal Constanta to 96.86% following a buyout bid, said on Wednesday local brokerage house SSIF Broker, the intermediary of the bid. link

Romanian Ford Cars Importer Romcar Sees ’08 Turnover Up 23.6% to 340 Mln Euro Feb 06, 2008, 16:28 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - Romcar, the exclusive importer of Ford cars to Romania, said on Wednesday it sees its 2008 turnover rising by 23.6% to 340 million euro ($498 million) from 275 million in 2007. link

ROMANIA’S SIF MUNTENIA SAYS 2007 PRELIM NET PROFIT RISES TO 87.18 MLN LEI (23.8 MLN EURO) FROM 71.97 MLN LEI IN 2006 Feb 06, 2008, 16:32 CET | Alert | SeeNews link

Romanian Investment Fund SIF 3 Transilvania Makes Debut on Foreign Capital Markets Feb 06, 2008, 16:52 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) – SIF 3 Transilvania, one of Romania’s five regional investment funds, said on Wednesday it has made a debut on foreign stock markets by buying some two million euro ($2.9 million) worth of shares of Austria’s Erste Bank so far. link

Romania’s SIF Muntenia 2007 Prelim Net Profit Up 21% to 87.18 Mln Lei (23.8 Mln Euro) Feb 06, 2008, 17:29 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - SIF 4 Muntenia, one of Romania’s five geographically-defined investment funds, reported on Wednesday a rise in its preliminary net profit to 87.18 million lei ($34.7 million /23.8 million euro) in 2007 from 71.97 million lei in 2006. link

Romanian Aluminium Products Maker Altur Plans To Raise Share Capital to 100.5 Mln Lei (27 Mln Euro) Feb 06, 2008, 18:10 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - Romanian aluminium products manufacturer Altur said on Wednesday it plans to raise its share capital to 100.5 million lei ($40 million/27 million euro) from 72.1 million lei to finance investments. link

Romanian Chocolate Maker Kandia-Excelent Says Will Delist from Bucharest Bourse Feb 06, 2008, 18:20 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - Romanian chocolate manufacturer Kandia-Excelent said on Wednesday it will delist its shares from the Bucharest Stock Exchange (BVB) following a decision of its shareholders. link

Ieba Trust - Foreign Investments on Romanian Capital Market - Dec 2007 Feb 06, 2008, 09:44 CET | Broker’s Report | SeeNews In December, net foreign inflows accounted for RON 363.59 Mn (EUR 103.03 Mn). In the last month of the year, the value of the foreign inflows accounted for RON 1.03 Bn (EUR 293.15 Mn), representing the second highest value of the inflows in 2007, while the outflows represented only half of the highest value of the outflows recorded in 2007, namely RON 670.90 Mn (EUR 190.12 Mn). Thus, the value of the net inflows accounted for RON 363.59 Mn (EUR 103.03 Mn), value which is net above December 2006, when net inflows of RON 61.15 Mn (EUR 17.91 Mn) have been registered. In December, Transgaz Medias run an IPO, partially responsible for the increase of foreign inflows in this month. The trades with bonds registered net sales of RON 0.18 Mn (EUR 0.05 Mn). December was the second consecutive month of total net sales, namely RON 8.44 Mn (EUR 2.4 Mn), still down 91.62% compared to last month. For the year, as a whole, the net foreign inflows accounted for RON 1,881.78 Mn (EUR 556.02 Mn) , over 9 times higher that the net foreign inflows for 2006, that amounted to RON 205.31 Mn (EUR 59.48 Mn). link

Ieba Trust - Romanian Market Daily - Feb 5, 2008 Feb 06, 2008, 09:24 CET | Broker’s Report | SeeNews BET and BET-C reached the lowest values of the last 12 months link

Raiffeisen Capital & Investment - Investment Daily Romania - Feb 6, 2008 Feb 06, 2008, 10:40 CET | Broker’s Report | SeeNews Trader’s CommentWith a liquidity of EUR 7.6 mn, exceeding the level of Monday but still in the top weakest volumes this year, Tuesday session brought significant depreciations for all indices, with BET taking the largest fall. The market started with the same lack of enthusiasm as in the last couple of days, only a few investors willing to confront the volatility of the period.Liquidity was very low in the morning, but the market recovered somewhat after the announcement that Transgaz will report its 2007 preliminary results during the day. The hope of good results generated a rise of 3% in TGN share price, but the optimism faded quickly thus TGN gained only 1.1% dod, one of the few shares posting gains for the day. Most of the shares, which recovered some of the losses with the announcement, returned to the lows of the day and even went lower. In the last 40 to 50 minutes of trading some large sell orders on SNP, RRC, BRD and TLV appeared, driving up the total trading volume on these shares, but pushing lower the prices, RRC posting the largest loss of 5.1%.In the newsKandia-Excelent to be delistedAccording to Kandia-Excelent (EXC) management, cited by the local media, the companys majority shareholder, Cadbury Schweppes Plc, has submitted to the local SEC an request for the de-listing the company from the BVB. We remind that in August 2007 Cadbury Schweppes Plc acquired a 93% stake in EXC, which it subsequently increased through an MPTO to 95.7%. Currently, EXC shares are suspended from trading. SIF Oltenia increases its stake in TranslectricaAccording to a release to the Bucharest Stock Exchange (BVB),SIF Oltenia (SIF5) has announced that it acquired yesterday from the open market a stake of 50,000 Transelectrica (TEL) shares. The stake worth RON 1.5 mn and we remind that SIF5 also bought on November 11, 2007 another stake of 202,000 TEL shares at an average price of 39.5. link

Romanian National Bank - Developments on Romanian Financial Markets, Jan 21 -25, 2008 Feb 06, 2008, 14:06 CET | State Agencies Reports | SeeNews The National Bank of Romania BNR has released its weekly report on the developments on the local financial markets for the week 21 - 25 January, 2008: link

Romanian National Bank - Developments on Romanian Financial Markets, Jan 28 - Feb 1, 2008 Feb 06, 2008, 14:22 CET | State Agencies Reports | SeeNews The National Bank of Romania BNR has released its weekly report on the developments on the local financial markets for the week February 14 - January 18, 2008: link

Romanian Stock Market Falls Further, Blue-chip Index Hits 1-1/2-Year Low Feb 06, 2008, 16:38 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) – The Romanian stock market lost further ground on Wednesday as both buyers and sellers remained reserved, and the bourse’s blue-chip BET index hit a one-and-a-half year low, brokers said. link

Bucharest Stock Exchange - Monthly Bulletin, Dec 2007 Feb 06, 2008, 16:50 CET | Specialists Reports | SeeNews 1. INTRODUCTION link

Romania Schedule of Events - Feb 6 - April 21 Feb 06, 2008, 09:04 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through April 21. New or amended entries are marked (*). link

Romanian Leu Ends Little Changed vs Euro in Calm Trade Feb 06, 2008, 16:40 CET | Story | SeeNews BUCHAREST (Romania), February 6 (SeeNews) - Romania’s leu ended a little weaker against the euro on Wednesday, in calm trading, dealers said. link

* SERBIA *

Serbian Blue-chip Soybean Producer Sojaprotein Aims to Raise at Least 24 Mln Euro in Capital Hike in March Feb 06, 2008, 10:51 CET | Story | SeeNews BECEJ (Serbia), February 6 (SeeNews) - Serbian blue-chip soybean producer Sojaprotein Becej aims to raise at least 24 million euro ($35million) through a capital hike in March to secure funds for the construction of a new factory, the company’s director general said on Wednesday. link

SERBIA C-BANK SAYS RAISES KEY REPO RATE FROM 10.0% TO 10.75% Feb 06, 2008, 11:13 CET | Alert | SeeNews link

Serbian C-Bank Raises Key Rate from 10.0% to 10.75% Feb 06, 2008, 11:28 CET | Story | SeeNews BELGRADE (Serbia), February 6 (SeeNews) - Serbia’s central bank, NBS, said on Wednesday it raised its key repo rate from 10.0% to 10.75%. link

ЕU’s Rehn Says Regrets Serbia Unable To Sign Interim Political Accord on Thursday Feb 06, 2008, 16:09 CET | Story | SeeNews BELGRADE (Serbia), February 6 (SeeNews) - The European Union will not sign an interim political agreement for building closer ties with with Serbia on Thursday because the country’s government has not been authorized for the signature, EU Enlargement Commissioner Olli Rehn said on Wednesday. link

UPDATE 1 - Serbian C-Bank Raises Key Rate from 10.0% to 10.75% Feb 06, 2008, 17:05 CET | Story | SeeNews (adds central bank governor’s comment) link

Vojvodjanska Banka - Daily Vobnews - Feb 6, 2008 Feb 06, 2008, 11:20 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for February 6, 2008 containing the following charts and tables: link

Sinteza Investment Group - Daily Market WrapUp - Feb 5, 2008 Feb 06, 2008, 13:09 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its Daily Market WrapUp for February 5, 2008, containg an overview of the Serbian Financial Market. link

Serbian Indices Sink Further as Looming Government Crisis Scares Investors Feb 06, 2008, 18:20 CET | Story | SeeNews BELGRADE (Serbia), February 6 (SeeNews) – Serbian shares sank deeper into the red on Wednesday, repeating Tuesday’s drop, and brokers said the opposition of the country’s prime minister to Serbia moving closer to the European Union (EU) had frigthened investors away. link

Serbia Schedule of Events - Feb 6 - May 18 Feb 06, 2008, 09:57 CET | Story | SeeNews BELGRADE (Serbia), February 6 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through May 18. New or amended entries are marked (*). link

Serbia Should Speed Up Structural Reforms, Tighten Fiscal Policy - IMF Feb 06, 2008, 10:58 CET | Story | SeeNews BELGRADE (Serbia), February 6 (SeeNews) - The International Monetary Fund (IMF) on Wednesday urged Serbia to speed up structural reforms and tighten its fiscal policy in order to overcome rising vulnerabilities. link

FEATURE – Kosovo Awaits Independence Day With Impatience, Rumours and Jokes Feb 06, 2008, 17:18 CET | Analysis | SeeNews PRISTINA (Serbia), February 6 (SeeNews) - Every morning this week Kosovo’s ethnic Albanians have woken up and wondered if this will be the day when the U.N.-run southern Serbian province will declare a date to proclaim unilaterally its independence from Belgrade, a move long awaited, with expectations growing after Serbia’s weekend presidential election run-off. link

* SLOVENIA *

Slovenia’s Adria Airways Jan Passenger Traffic Rises by 21% Y/Y Feb 06, 2008, 10:23 CET | Story | SeeNews LJUBLJANA (Slovenia), February 6 (SeeNews) - Slovenian flag carrier Adria Airways carried 74,839 passengers in January, up 21% from a year earlier, as the number of flights also increased, the company said on Wednesday. link

Slovenian Iskraemeco Launches Buyout Bid for Bosnian Aerated Concrete Maker Siporex Feb 06, 2008, 15:09 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), February 6 (SeeNews) – Slovenian electricity meter manufacturer Iskraemeco has launched a buyout bid for 75.05% of Bosnian aerated concrete maker Siporex via its Croatian subsidiary, Siporex said on Wednesday. link

Slovenia’s Aerodrom Ljubljana Sees 90% Rise in 2007 Net Profit Feb 06, 2008, 17:30 CET | Story | SeeNews LJUBLJANA (Slovenia), February 6 (SeeNews) - Aerodrom Ljubljana, the operator of the international airport of Slovenia’s capital, estimates it increased its net profit by some 90% to 16.9 million euro ($24.71 million) last year, it said on Wednesday. link

D&B Raises Forecast for Slovenia’s 2007 GDP Growth to 6.2% Feb 06, 2008, 18:28 CET | Story | SeeNews LJUBLJANA (Slovenia), February 6 (SeeNews) - Credit-rating agency D&B expects Slovenia to report economic growth of a real 6.2% for 2007, up from 5.9% it projected earlier. link

Slovenian Stock Indices Fall Further in Lower Turnover Feb 06, 2008, 17:40 CET | Story | SeeNews LJUBLJANA (Slovenia), February 6 (SeeNews) - Slovenian stock indices fell for a second day running on Wednesday in lower turnover with most blue chips losing value, brokers said. link

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