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Notizie in tempo reale dall’Europa balcanica

by Emanuele G. - Friday 8 February 2008 - 2581 letture

NOTIZIARIO DEL 08.02.2008

* ALBANIA *

C-Banks in SEE To Speed Up Cooperation Amid Fears of Growth Slowing Feb 08, 2008, 17:26 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) - Central banks of nine southeast European countries have agreed to speed up convergence of supervision techniques amid fears that the region’s economy may suffer in the case of a possible global slowdown, Bulgaria’s central bank said on Friday. Link

* BOSNIA *

Bosnia Serb Republic 2007 Tourist Numbers Up 16% - Table Feb 08, 2008, 10:15 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), February 8 (SeeNews) - The number of tourists staying in Bosnia’s Serb Republic rose to 222,729 last year, from 191,934 in 2006, data showed on Friday. link

Bosnia Serb Republic 2007 Construction Output Rises 30% - Table Feb 08, 2008, 10:41 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), February 8 (SeeNews) - Construction output in Bosnia’s Serb Republic, measured by value, rose by 30% last year to 557.27 million marka ($413 million/285 million euro), official data showed on Friday. link

Bosnian Detergent Maker Dita To Invest 1.5 Mln Euro in Equipment by 2011 Feb 08, 2008, 12:28 CET | Story | SeeNews TUZLA (Bosnia and Herzegovina), February 8 (SeeNews) - Bosnian detergent manufacturer Dita said on Friday it plans to invest 3.0 million marka ($2.2 million/1.5 million euro) in the next three years in new equipment and research. link

Bosnia Schedule of Events – Feb 8 - May 9 Feb 08, 2008, 09:35 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), February 8 (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 *

BSE - Daily Bulletin, Selected Announcements - Feb 6, 2008 Feb 08, 2008, 09:35 CET | Specialists Reports | SeeNews BSE-Sofia has received an application for listing of an issue of shares on the Unofficial Market of Equities, "A" Segment, as follows:- Issuer: Properties Capital Investments REIT-Varna- ISIN: BG1100069076- Amount of the issue: BGN 650,000- Number of shares: 650,000 shares- Nominal value per share: BGN 1.00- BSE code: PCI link

BSE - Daily Bulletin, Selected Announcements - Feb 7, 2008 Feb 08, 2008, 09:50 CET | Specialists Reports | SeeNews Skladova Tehnika AD-Gorna Oryahovitsa, BSE code - SKTEH, has notified BSE-Sofia of the following:1. The company has a net profit on amount of BGN 1,178 thsd. as of 31.12.2007.2. The company has started producing electric wire rope hoists of 1 to 12 tonnes carrying capacity.3. The company has obtained a license for trade in ferrous and non-ferrous scrap metals.*** link

U.S. Crown International Plans To Build 25 Mln Euro Waste Plant in Bulgaria - Municipal Official Feb 08, 2008, 10:54 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) – U.S.-based company Crown International plans to build a 25 million euro ($36 millioin) waste processing plant in Svilengrad in southeast Bulgaria, a local municipality official said on Friday. link

Elana - Corporate Earnings – 2007, Feb 1, 2008 Feb 08, 2008, 11:04 CET | Broker’s Report | SeeNews MARKET REACTION TO EARNINGSThe announced corporate earnings for 2007 had little impact on prices of liquid shares. Although profits were in line with the expectations for solid growth, the market remains focused on the negative effects from foreign markets and the credit crunch. We cannot put all stocks under the same general conclusion for solid growth and improvement of profits. Companies with positive earning surprises will outperform the market in mid-term perspective. Moreover, Bulgarian stocks are more attractive in terms of multiples and growth perspectives as compared to the previous two years. link

Spain’s Coener Plans to Build 60 Mln Euro Biofuel Plant in Bulgaria – Govt Official Feb 08, 2008, 12:15 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) – Spainish group Coener Systems plans to build an over 60 million euro ($86.9 million) biofuel plant near Pleven in north Bulgaria, local authorities said on Friday. link

Bulgarian Cast Iron Foundry Tchugunoleene Turns to Profit in 2007 – Table Feb 08, 2008, 14:20 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) - Bulgarian cast iron foundry Tchugunoleene on Friday said it turned to an 808,000 levs ($597,900/413,000 euro) net profit in 2007, as sales grew by 34%, twice faster than costs. link

Greek Financial Group Aspis Plans Entering Bulgaria, Romania, Serbia in 2008 Feb 08, 2008, 14:20 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) – Greek Aspis Group, active in insurance and banking, plans to enter Bulgaria, Romania and Serbia by the end of the year, aiming to capitalise on the countries’ strong potential for growth, a company official said on Friday. link

Bulgarian Insurer Bulstrad 2007 Net Profit Down 39% - Table Feb 08, 2008, 17:25 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) - Bulgarian insurer Bulstrad on Friday said its net profit fell 39% to 984,000 levs ($728,134/502,855 euro) last year despite a 19% rise in gross written premium income. link

Bulgarian Farm Group BG Agro Delays IPO Launch Due to Market Turbulence Feb 08, 2008, 17:42 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) – Bulgarian farm group BG Agro on Friday said it will delay the scheduled mid-February launch of its initial public offering (IPO) on the bourse in Sofia due to turbulent conditions on international and domestic financial markets. link

BULGARIA’S DEC’07 INDUSTRIAL OUTPUT RISES 1.2% M/M, UP 4.0% Y/Y - STATS OFFICE Feb 08, 2008, 18:01 CET | Alert | SeeNews link

BULGARIA’S DEC INDUSTRIAL SALES DOWN 0.9 M/M, UP 1.0% Y/Y – STATS OFFICE Feb 08, 2008, 18:03 CET | Alert | SeeNews link

Bulgaria’s Dec’07 Industrial Output Up 1.2% M/M - Table Feb 08, 2008, 18:05 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) - Bulgaria’s December industrial output rose by 1.2% month-on-month after rising at a revised monthly rate of 0.3% in November, preliminary figures of the National Statistics Institute (NSI) showed on Friday. link

Bulgaria’s December Industrial Sales Down 0.9% M/M – Table Feb 08, 2008, 18:22 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) - Bulgaria’s December industrial sales fell by 0.9% month-on-month after going down by a revised 2.5% in November, preliminary data of the National Statistics Institute (NSI) showed on Friday. link

STS Finance - Daily Stock Exchange Report - Feb 7, 2008 Feb 08, 2008, 11:12 CET | Broker’s Report | SeeNews The leading Bulgarian indexes finished the Thursday session with modest gains. SOFIX added 0.26% and ended the regular trading at 1412.64 points. link

Technical Problems Delay Warsaw Listing of Bulgarian Drug Maker Sopharma Feb 08, 2008, 13:16 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) - Bulgarian blue-chip drug maker Sopharma’s planned listing on the Warsaw Stock Exchange will not take place in February, as expected, due to technical problems, a company official said on Friday. link

Elana - Bulgaria Daily Report - Feb 7, 2008 Feb 08, 2008, 13:54 CET | Broker’s Report | SeeNews MARKET HIGHLIGHTSIndices closed in different directions after a volatile session. BG40 declined, although most of its components closed on the up side. The worst performer among SOFIX’s companies was Sparky Eltos (ELTOS: 12.82; -4.68%). ELTOS erased all of its Wednesday’s gains in moderate volumes. Central Cooperative Bank (CCB: 7.24; 0.00%) stayed unchanged as well as Monbat (MONBAT: 26.85; +0.04%). Bulgarian American Credit Bank (BACB: 65.01; +0.19%) provided significant support to the daily turnover as 295 000 shares changed hands in one deal at BGN 65.00.Petrol (PET: 7.03; +9.33%) posted new all-time high at BGN 7.40. link

STS Finance - USA Stock Markets Daily Review - Feb 8, 2008 Feb 08, 2008, 16:30 CET | Broker’s Report | SeeNews Wall Street registered first positive session this week US Stocks traded mixed on Thursday as investors worried about technology sector after not so well outlook from Cisco Systems. At the other side the National Association of Realtors reported another drop in pending home sales. Internet networking supplier Cisco Systems Inc. announced a 10 % sales growth forecast for its current quarter that fell well below the 15 % Wall Street projected. Meanwhile Wal-Mart Stores Inc. reported a 0.5 % rise in January store sales, or sales at stores open for at least a year, while other chain stores such as Target Corp., Gap Inc., Limited Brands Inc. and AnnTaylor Stores Corp. said their sales fell. That made the market a little nervous about the consumer spending. Additional worries came from the housing and jobs market. The Labor Department reported that jobless claims fell last week by 22 thousand, a smaller decline than many economists predicted. Meanwhile, the National Association of Realtors said pending sales of existing homes fell 1.5 % in December. link

FFBH - Bulgaria Morning Update - Feb 8, 2008 Feb 08, 2008, 17:00 CET | Broker’s Report | SeeNews MARKET WRAP-UPThe indices closed in opposite directions on Thursday. The sentiment seemed to be neutral as the volumes stayed far bellow the average and no aggressive buyers or sellers were present. Among the milestones of the session was one deal in BACB for 295k shares (2.34% of the capital) at BGN 65.00 (-2.91%). The loss in BACB was more than offset by Petrol (PET, BGN 7.15, +6.72%) with more than 77k shares traded and together with Albena (ALB, BGN 96.00, +3.67%) they helped SOFIX to close at 1412.64 (+0.26%). The price weighted BG40 was pushed down to 401.72 bps (-1.40%) after the negative moves from Orgachim (ORGH, BGN 491.00, -4.84%) and Fazerles (FZLES, BGN 215.00, -4.42%), although the index received partial support from Odessos Shiprepair Yard (ODES, BGN 278.00, +4.12%). BGTR30 stayed on positive territory, fixing 920.47 bps (+0.46%) with the major moves coming from Euroins Insurance (EURINS, BGN 11.08, +3.36%) and Bulgarian Real Estate Fund REIT (BREF, BGN 2.05, + 2.55%). link

Bulgarian Stocks Rise, Investors Remain Cautious Feb 08, 2008, 17:23 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) - Bulgarian stocks rose on Friday in thin turnover, but investors remain cautious after recent slumps, brokers said. link

Bulgaria Schedule of Events - Feb 8 - March 20 Feb 08, 2008, 09:17 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (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 (*). link

STS Finance - Daily FX Analysis - Feb 8, 2008 Feb 08, 2008, 13:45 CET | Broker’s Report | SeeNews The dollar rose against the majors – 8th February, 2008The euro dropped against the dollar on Thursday after the statement of European Central Bank President Jean-Claude Trichet. He signaled that he’s open to cutting interest rates as economic growth slows. The European currency erased its gain versus the dollar this year on speculation the ECB’s decision to leave interest rates unchanged at 4 percent may limit expansion in Europe’s economy. Today we can be witnesses of the euros biggest weekly decline against the dollar in two and a half years.The sterling registered a new two week low against the US currency, as following the much anticipated Bank of England policy announcement. The BoE, as expected, lowered its benchmarklending rate by 25-basis points to 5.25%.The events from Europe were good for the dollar, which gained against the basket of major currencies. The index measuring the US currency against six major currencies rose to its highest level, for the last two w eeks, at 76.897.Today, from the economic calendar, we are expecting the data about Switzerland’s consumer price index (CPI). From Germany the focus will be on the trade balance for December and the industrial production for the same period. Oversea, from Canada we are expecting data from unemployment rate and housing starts indicator. link

* CROAZIA *

Six Croatian State Companies To Lease Telecommunication Infrastructure Feb 08, 2008, 11:10 CET | Story | SeeNews ZAGREB (Croatia), February 8 (SeeNews) – Six big state-owned Croatian companies should lease the telecommunication infrastructure they do not use, the Croatian government decided late on Thursday. link

Croatian Cardboard Maker Belisce Plans Regional Expansion Feb 08, 2008, 17:18 CET | Story | SeeNews ZAGREB (Croatia), February 8 (SeeNews) - Croatian cardboard maker Belisce plans regional expansion in 2008, the company deputy general director Jandre Romic said on Friday. link

CROATIA’S JAN PPI RISES 2.3% M/M, UP 7.4% Y/Y - STATS OFFICE Feb 08, 2008, 11:43 CET | Alert | SeeNews link

Croatia’s Jan Industrial PPI Rises 2.3% M/M, Up 7.4% Y/Y - Table Feb 08, 2008, 12:07 CET | Story | SeeNews ZAGREB (Croatia), February 8 (SeeNews) - Croatia’s January producer price index (PPI) of industrial goods rose by 2.3% on the month and was 7.4% higher than a year earlier, the State Statistics Bureau said on Friday. link

FIMA Stock Monitor - Daily - Feb 7, 2008 Feb 08, 2008, 11:25 CET | Broker’s Report | SeeNews Daily comment:The domestic stock exchange experienced another depressive day as the mix of different factors pulled the domestic benchmark down by 3,1% to close at 4.164,4 points. As it was expected, but certainly did not helped the market, the European Central bank did not lowered its referent interest rate, while The bank of England lowered its benchmark interest rate by 0,25% to 5,25%. Another declining facto that could have crucial impact on domestic stock today, are certificates traded on The Vienna and Stuttgart stock exchange. Their strike prices were reached today, so those products became worthless for their buyers and brought profit to its issuers. There was one of those certificates with HT as underlying asset at strike price of HRK 300. HT (HT-R-A) was heavily affected and fell below this point. However, it closed at HRK 298, down by 2,5%. Another issue that was probably impacted by certificates today is Dalekovod (DLKV-R-A). There was strike price HRK 1250 certif icate with Dalekovod as underlying assets on the Vienna SE. Dalekovod closed at HRK 1.210,1, down by 8,3%. Preferred Adris Group (ADRS-P-A) stock fell by 4,0% to HRK 417,5 facing a certificate strike price of HRK 433. There is another ADRS certificate with strike at 410. For all of mentioned stocks, we see significant growth potential, and thus find current price levels good to be long on those issues. We base our facts on limiting impact of eventual global slow down on Croatian economy and our picks. Other liquid issues also experienced losses. link

CORRECTED - Croatian Share Indices Keep Falling, Turnover Rises ( Not Doubles) Feb 08, 2008, 13:18 CET | Story | SeeNews In the Zagreb story dated February 7 "Croatian Share Indices Keep Falling, Turnover Doubles" please read in the title and lead "...turnover rises/rose..." instead of "... turnover doubled..." (correcting verb); in the fifth paragraph 140.6 million kuna ($28 million/19 million euro) instead of 195 million (correcting figure); and in the fourth paragraph "…fell by 3.1%..." instead of "… fell by 53.1%..." (correcting figure). link

Erste Securities - Croatian Equity Daily - Feb 8, 2008 Feb 08, 2008, 16:40 CET | Broker’s Report | SeeNews Highlights: link

Croatian Shares End Lower in Rollercoaster Trading Session as Sell-Off Continues Feb 08, 2008, 18:03 CET | Story | SeeNews ZAGREB (Croatia), February 8 (SeeNews) - Croatian share indices extended their losing streak for a fourth day running on Friday in a volatile trading session as the sell-off on the domestic market continued despite mixed performances on equity markets abroad, traders said. link

Croatia Schedule of Events – Feb 8 - May 17 Feb 08, 2008, 09:18 CET | Story | SeeNews ZAGREB (Croatia), February 8 (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

* MACEDONIA *

Macedonian Share Indices End Steady in Higher Volumes Feb 08, 2008, 18:17 CET | Story | SeeNews SKOPJE (Macedonia), February 8 (SeeNews) - Macedonian share indices remained steady in higher turnover this week, brokers said. link

Macedonia Schedule of Events - Feb 8 - Nov 28 Feb 08, 2008, 10:40 CET | Story | SeeNews SKOPJE (Macedonia), February 8 (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

* MOLDOVA *

Air Moldova To Launch Chisinau - St. Petersburg Flights in April Feb 08, 2008, 11:20 CET | Story | SeeNews CHISINAU (Moldova), February 8 (SeeNews) - Moldovan flag carrier Air Moldova will launch flights from the Moldovan capital Chisinau to the Russian city of St. Petersburg in April as part of its expansion plans, the company said on Friday. link

Air Moldova Buys Jet from Brazil’s Aircraft Maker Embraer Feb 08, 2008, 13:01 CET | Story | SeeNews CHISINAU (Moldova), February 8 (SeeNews) - Moldovan flag air carrier Air Moldova has ordered one jet from the Brazilian aircraft maker Embraer, the seller said on Friday. link

Moldovan EuroCreditBank Net Profit Up 60% in 2007 - Table Feb 08, 2008, 13:20 CET | Story | SeeNews CHISINAU (Moldova), February 8 (SeeNews) - The net profit of Moldova’s privately-held EuroCreditBank rose by 60% last year to 12.1 million lei ($1.1 million/747,400 euro), the bank said on Friday. link

French Lafarge Moldovan Unit Raises Capital to 445 Mln Lei (27.5 Mln Euro) Feb 08, 2008, 15:41 CET | Story | SeeNews CHISINAU (Moldova), February 8 (SeeNews) – The Moldovan unit of French building materials group Lafarge, Lafarge Ciment, has raised its capital to 445 million lei ($39.8 million/27.5 million euro) through a 148.3 million lei share issue, the Moldovan Securities Commission CNPF said on Friday. link

Moldova Schedule of Events - Feb 8 - April 7 Feb 08, 2008, 10:09 CET | Story | SeeNews CHISINAU (Moldova), February 8 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to Moldova through April 7. New or amended entries are marked (*) link

Moldova’s FX Reserves Rise to $1.36 Bln in Week Ending Feb 1 Feb 08, 2008, 10:17 CET | Story | SeeNews CHISINAU (Moldova), February 8 (SeeNews) - Moldova’s foreign exchange reserves totalled $1.36 billion (938.2 million euro) on February 1, up from $1.34 billion a week earlier, the country’s central bank said on Friday. link

* MONTENEGRO * C-Banks in SEE To Speed Up Cooperation Amid Fears of Growth Slowing Feb 08, 2008, 17:26 CET | Story | SeeNews SOFIA (Bulgaria), February 8 (SeeNews) - Central banks of nine southeast European countries have agreed to speed up convergence of supervision techniques amid fears that the region’s economy may suffer in the case of a possible global slowdown, Bulgaria’s central bank said on Friday. link

Montenegro Schedule of Events - Feb 8 - April 8 Feb 08, 2008, 10:37 CET | Story | SeeNews PODGORICA (Montenegro), February 8 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Montenegro through April 8. New or amended entries are marked (*). link

* ROMANIA *

Romania’s 2007 Construction Works Value Rises 34% Feb 08, 2008, 09:35 CET | Story | SeeNews BUCHAREST (Romania), February 8 (SeeNews) - The value of construction works completed in Romania in 2007 rose by 34%, the country’s statistics board, INS, said on Friday. link

Romanian Investment Fund STK Emergent Plans to Raise 50 Mln Lei (13.6 Mln Euro) in IPO Feb 08, 2008, 11:31 CET | Story | SeeNews BUCHAREST (Romania), February 8 (SeeNews) - Romanian close-end investment fund STK Emergent hopes to raise 50 million lei ($19.7 million/13.6 million euro) in an initial public offering (IPO) of 25% of its capital on the Bucharest Stock Exchange (BVB) later this month, the country’s stock market regulator, CNVM, said on Friday. link

CB RICHARD ELLIS GROUP SAYS BUYS ROMANIAN REAL ESTATE AGENCY EURISKO FOR SOME $35 MLN Feb 08, 2008, 14:34 CET | Alert | SeeNews link

CB Richard Ellis Group Buys Romanian Real Estate Agency Eurisko for some $35 Mln Feb 08, 2008, 15:12 CET | Story | SeeNews BUCHAREST (Romania), February 8 (SeeNews) - Global real estate brokerage CB Richard Ellis Group said on Friday it has acquired Romanian peer Eurisko Consulting for some $35 million (24.2 million euro) in a move to expand its services in central and eastern Europe. link

ROMANIA SIF 2 MOLDOVA SAYS 2007 PRELIM NET PROFIT RISES TO 64.87 MLN LEI (17.7 MLN EURO) FROM 48.34 MLN LEI IN 2006 Feb 08, 2008, 15:21 CET | Alert | SeeNews link

ROMANIA SIF 2 MOLDOVA SEES 2008 NET PROFIT AT 75.00 MLN LEI (20.4 MLN EURO) VS 2007 PRELIM NET PROFIT OF 64.87 MLN LEI Feb 08, 2008, 15:24 CET | Alert | SeeNews link

ROMANIA SIF 2 MOLDOVA SAYS PLANS TO DOUBLE CAPITAL VIA 1-TO-1 BONUS SHARE ISSUE Feb 08, 2008, 15:33 CET | Alert | SeeNews link

ROMANIA SIF 2 MOLDOVA SAYS WILL PAY NO CASH DIVIDEND FOR 2007 Feb 08, 2008, 15:34 CET | Alert | SeeNews link

Romanian Construction Co Pomponio Plans to Offer 25% Stake on Bucharest Bourse in H1 2008 Feb 08, 2008, 15:53 CET | Story | SeeNews BUCHAREST (Romania), February 8 (SeeNews) - Romanian construction company Pomponio said on Friday it plans to offer 25% of its capital in an initial public offering (IPO) on the Bucharest Stock Exchange (BVB) in the first half of the year. link

Romanian SIF 2 Moldova Sees ’08 Net Profit Up to 75 Mln Lei (20.4 Mln Euro), Plans To Double Capital Feb 08, 2008, 16:11 CET | Story | SeeNews BUCHAREST (Romania), February 8 (SeeNews) - Romanian investment fund SIF 2 Moldova, one of Romania’s five geographically-defined investment funds, said on Friday it expects its net profit to rise to 75 million lei ($29.6 million/ 20.4 million euro) this year and plans to double its capital in a one-to-one bonus share issue. link

Romanian Municipality of Teius 14-Yr Bond To Start Trading on Bucharest Bourse Feb 12 Feb 08, 2008, 18:14 CET | Story | SeeNews BUCHAREST (Romania), February 8 (SeeNews) - A 14-year leu-denominated bond issue of the Romanian muniacipality of Teius worth 1.5 million lei ($591,200/ 408,600 euro) will start trading on the Bucharest Stock Exchange (BVB) on February 12, the bourse said on Friday. link

Ieba Trust - Romanian Market Daily - Feb 7, 2008 Feb 08, 2008, 11:36 CET | Broker’s Report | SeeNews The trades with the shares of the SIFs accounted for 31.1% of the Regular market daily turnover link

Raiffeisen Capital & Investment - Investment Daily Romania - Feb 8, 2008 Feb 08, 2008, 16:50 CET | Broker’s Report | SeeNews Trader’s CommentThe market gains more liquidity on Thursday, even though the volume (EUR 9 mn) remains modest compared with the average of last year. Indices appreciated, BET-FI seeing a notable growth of 2.3%. SIF4 posted the largest rise of 4.4% reaching a price per share of RON 1.9. Transactions with SIFs stood at EUR 4.7 mn, above 50% of the total volume. The SIFs started the day poorly in terms of volume, but the day brightened with some significant buy orders.BET climbed only 0.3%, being dragged down by BRD, which maintained an upside of 1%during most of the session, but closed negative, losing 1.6% against the closing price of the previous day. SNP and TLV contributed mostly to BET appreciation, increasing 1.6% and 1.4% respectively.In the newsCentral Bank is forecasting higher inflation in 2008According to Mugur Isarescu, the Governor of the Central Bank (BNR), inflation isexpected to exceed 8% by the end of the first quarter and then gradually decrease to 5.9% by the end of 2008. The Governor claims that sharp appreciation of food product prices continues to be the main driver of inflation. The 2009 inflation target was set at 3.5%+1%, which according to analysts is considered an achievable target due to the tight monetary policy BNR is currently following. According to analysts, further increase of BNR key interest rate are likely to happen.Transelectrica free float could increase to 30%According to Transelectrica (TEL) management, cited by the local media, the company could increase its free-float up to 30% (from 13%) through a new public offering by the end of this year. Transelectrica would use the funds to finance its 2008-2012 investment plans worth EUR 400 mn. TELs management did not release a certain time for the offering pointing out that current market conditions are unfavorable. In order for the offering to take place, the Government has to approve it and then an intermediary will be selected to prepare the offering, process which is estimated to last around four months. We consider the new ositive, as the increase in free-float would make TELs stock more visible and would improve liquidity. In addition, TEL would secure financing for completion of its investment plans aimed at revamping the electricity grid. Fitch upgrades TRG ratingFitch Ratings said it upgraded The Netherlands-based Rompetrol Group NV’s (TRG) long-term issuer default rating to ’B+’ from ’B-’ and removed it from positive watch with a positive outlook. The upgrade reflects strong strategic ties between TRG and its higher-rated parent Kazakh state-run oil and gas company KazMunaiGaz, rated ’BBB/F3’, Fitch said. Following further talks with Rompetrol, Fitch noted it is likely that KazMunaiGaz and Rompetrol’s minority shareholder will provide additional funds to Rompetrol Rafinare (RRC) and/or restructure Rompetrol’s debt, as well as support its ambitious capital expenditure program.Pomponio intends to launch an IPOConstructions company Pomponio has announced its intention to list its shares on the Bucharest Stock Exchange (BSE). Thus, the company should list 25% of its shares thorough an Initial Public Offering (IPO) which could worth EUR 16 mn. Pomponio is controlled by Luca Anversa who owns 85% of the shares and in 2006 posted a turnover of RON 47.6 mn (EUR 13.4 mn).STK Emergent to launch an IPOThe closed investment fund, STK Emergent, administered by STK Financial, was green-lighted by the National Securities Commission to launch an initial public offer. The fund intends to raise EUR 14 mn in an offer estimated to start on February 19. Following the offer, 25% of the units will be floated. The offering price per unit is RON 281, some 45% above the value of one fund unit at the end of January. 60% of the funds raised will go into listed shares while 40% will be invested in construction and real estate firms. link

Romanian Bourse Loses Ground in Quiet Trading, Turnover Falls Feb 08, 2008, 17:04 CET | Story | SeeNews BUCHAREST (Romania), February 8 (SeeNews) - The Romanian stock market closed lower on Friday in a mood of uncertainty and turnover fell, brokers said. link

Ieba Trust - Romanian Market Daily - Feb 8, 2008 Feb 08, 2008, 17:05 CET | Broker’s Report | SeeNews BET reached again the lowest value of the last 12 months link

Romania Schedule of Events - Feb 8 - April 21 Feb 08, 2008, 09:32 CET | Story | SeeNews BUCHAREST (Romania), February 8 (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 Firmer vs Euro in Calm Trading, Mkt Volatility to Increase Next Week Feb 08, 2008, 17:37 CET | Story | SeeNews BUCHAREST (Romania), February 8 (SeeNews) - Romania’s leu gained ground against the euro in calm trading on Friday, ending at 3.6730/50 per euro versus 3.6833/88 on Thursday, dealers said. link

* SERBIA *

Serbia Opens Talks with Second-ranked Bidder for River Shipping Company JRB after Top Bidder Withdraws Feb 08, 2008, 17:55 CET | Story | SeeNews BELGRADE (Serbia), February 8 (SeeNews) – Serbia has started talks with the second-ranked bidder for its river shipping company Jugoslovensko Recno Brodarstvo (JRB), a consortium comprising Malta’s Palmali Shipping Sa and Palmali Holding Company Limited, a Serbian official said on Friday. link

Serbian Indices Edge Up but Turnover Sharply Decreases, Crimped by Political Concerns Feb 08, 2008, 16:33 CET | Story | SeeNews BELGRADE (Serbia), February 8 (SeeNews) – Trading on the Belgrade Stock Exchange (BELEX) was almost at a standstill on Friday after a week of political turbulence, brokers said, as the indices closed up following three consecutive falls. link

Vojvodjanska Banka - Daily Vobnews - Feb 8, 2008 Feb 08, 2008, 16:53 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for February 8, 2008 containing the following charts and tables: link

Serbia Schedule of Events - Feb 8 - May 18 Feb 08, 2008, 10:18 CET | Story | SeeNews BELGRADE (Serbia), February 8 (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

Liquidity on Serbian FX Market Remains Low, Political Concerns Weigh – Dealers Feb 08, 2008, 12:43 CET | Story | SeeNews BELGRADE (Serbia), February 8 (SeeNews) – Liquidity remained low on the Serbian foreign exchange market with sporadic deals on Friday after the country’s central bank, NBS, injected 23 million euro a day earlier in an attempt to boost market activity depressed by political concerns. link

KOSOVO TO DECLARE INDEPENDENCE ON FEB 17 – SERBIAN MINISTER Feb 08, 2008, 13:42 CET | Alert | SeeNews link

Kosovo To Declare Independence on Feb 17 – Serbian Minister Feb 08, 2008, 13:55 CET | Story | SeeNews BELGRADE (Serbia), February 8 (SeeNews) - Serbia’s Minister for Kosovo said on Friday his government had information that the southern Serbian province, run since 1999 by the U.N., will declare independence on February 17. link

UPDATE 1 - Kosovo To Declare Independence on Feb 17 - Serbian Minister Feb 08, 2008, 15:10 CET | Story | SeeNews (adds details and quotes) link

* SLOVENIA *

Warsaw Stock Exchange Submits Non-binding Bid for 64.15% of Ljubljana Bourse Feb 08, 2008, 12:51 CET | Story | SeeNews LJUBLJANA (Slovenia), February 8 (SeeNews) – The Warsaw Stock Exchange (WSE) has submitted a non-binding bid for 64.15% of Slovenia’s Ljubljana Stock Exchange (LJSE) under its strategy to maintain active presence in Central and Eastern Europe, the WSE said on Friday. link

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