Centro Studi Europa dell’Est - notiziario del 25.02.2008 - powered by www.seenews.com

NOTIZIARIO DEL 25.02.2008

* ALBANIA *

Albania’s IT Market To Expand by Annual 17.8% in 2008-2011 to $100 Mln– IDC Feb 25, 2008, 15:56 CET | Story | SeeNews TIRANA (Albania), February 25 (SeeNews) - The Albanian information technology (IT) market is expected to expand by an average 17.8% annually through 2011 to $100 million (67.38 million euro), market intelligence and advisory company IDC Adriatics said on Monday in its first ever IT survey for Albania. link

Austria’s Strabag Buys 51% of Albanian Construction Company Trema Feb 25, 2008, 11:25 CET | Story | SeeNews TIRANA (Albania), February 25 (SeeNews) - Austrian construction group Strabag said it bought a 51% stake in Albania’s third largest construction company Trema for an undisclosed price. link

Greece Donates 30.05 Mln Euro to Albania for Road Repairs Feb 25, 2008, 11:56 CET | Story | SeeNews TIRANA (Albania), February 25 (SeeNews) - Greece donated 30.05 million euro ($44.52 million) to Albania for repairs of a road stretch, the Albanian Economy Ministry said. link

Albania Schedule of Events - Feb 25 - May 15 Feb 25, 2008, 09:22 CET | Story | SeeNews TIRANA (Albania), February 25 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Albania through May 15. New or amended entries are marked (*). link

* BOSNIA *

Turkish Airlines Eyes Privatisation of Bosnian Carrier BH Airlines Feb 25, 2008, 11:59 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), February 25 (SeeNews) – Turkish Airlines said on Monday it would send a non-binding letter of intent for taking part in the privatisation of the air carrier of Bosnia’s Muslim-Croat Federation, BH Airlines. link

Bosnian Steel Foundry Jelsingrad Triples 2007 Net Profit - Table Feb 25, 2008, 12:19 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), February 25 (SeeNews) - Bosnian steel foundry Jelsingrad, owned by Slovenian castings producer Livar, more than tripled its 2007 net profit to some 67,000 marka ($51,000/34,000 euro), it said on Monday. link

BOSNIA SERB REPUBLIC GOVT SAYS SIGNS 690 MLN EURO CONCESSION DEAL FOR POWER PLANT CONSTRUCTION WITH UK-BASED EFT Feb 25, 2008, 14:00 CET | Alert | SeeNews link

Bosnia Serb Republic, UK-based EFT Sign 690 Mln Euro Concession Deal for Power Plant Construction Feb 25, 2008, 14:45 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), February 25 (SeeNews) – Bosnia’s Serb Republic awarded on Monday to London-based energy group Energy Financing Team (EFT) a concession to build and operate a 410-megawatt coal-fired power plant, the Republic’s cabinet said. link

UPDATE 1 - Bosnia Serb Republic, UK-based EFT Sign 690 Mln Euro Concession Deal for Power Plant Construction Feb 25, 2008, 15:20 CET | Story | SeeNews (adds details, background) link

EU MAY SIGN SAA DEAL WITH BOSNIA IN LATE MARCH OR EARLY APRIL - SLOVENIA’S FOREIGN MINISTER Feb 25, 2008, 16:53 CET | Alert | SeeNews link

EU May Sign SAA Deal with Bosnia by Early April – Slovenia’s Foreign Minister Feb 25, 2008, 17:10 CET | Story | SeeNews LJUBLJANA (Slovenia), February 25 (SeeNews) - The European Union (EU) may sign a Stabilisation and Association Agreement (SAA) with Bosnia and Herzegovina at the end of March or the beginning of April after the country implements a key reform to unify its ethnically divided police force, Slovenia’s Foreign Minister Dimitrij Rupel said on Monday. link

Bosnia Schedule of Events – Feb 25 - May 9 Feb 25, 2008, 09:21 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), February 25 (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 22, 2008 Feb 25, 2008, 09:29 CET | Specialists Reports | SeeNews BSE-Sofia has received an interim report as at 31.12.2007 in pursuance of Art. 100f (1), item 2 in relation to Art. 100f (2) of the POSA about fulfilment of the obligations of Farin AD-Dobrich, BSE code - BFARIN, related to its bond issue, ISIN - BG2100015069. link

Bulgarian Drug Maker Unipharm To List on Sofia Bourse by Early April - Media Feb 25, 2008, 11:06 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgarian producer of acetate and bicarbonate solutions for hemodialysis Unipharm plans to list on the Sofia bourse in early April at the latest, Bulgarian business daily Dnevnik reported on Monday. link

Bulgarian SPV Transinvestment Plans up to 2.6 Mln Euro Bond Feb 25, 2008, 11:57 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgarian special purpose vehicle (SPV) Transinvestment on Monday said it plans to issue an up to 5.0 million levs ($3.8 million/2.6 million euro) three-year bond within three months to back growth. link

Bulgaria’s BenchMark Fund Estates Builds 22 Mln Euro Office, Trading Centre in Sofia Feb 25, 2008, 14:05 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgarian real estate investment trust (REIT) BenchMark Fund Estates on Monday said it is building an office and trading centre in Sofia worth some 22 million euro ($32.6 million). link

S&P PLACES BULGARIAN-AMERICAN CREDIT BANK ON CREDIT WATCH POSITIVE FOLLOWING ACQUISITION ANNOUNCEMENT Feb 25, 2008, 15:48 CET | Alert | SeeNews link

Bulgaria To Call Tender for Key 208.5 Mln Euro Highway in March Feb 25, 2008, 16:44 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) – Bulgaria plans to launch a tender for the construction of a 208.5 million euro ($309.2 million) 67-kilometre stretch of the key Maritsa highway linking Bulgaria with Turkey in March, Regional Development Minister Asen Gagauzov said on Monday. link

S&P Places Bulgarian-American Credit Bank on CreditWatch Positive Following Acquisition Announcement Feb 25, 2008, 17:11 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Global rating agency Standard & Poor’s said on Monday it has placed its ‘BB/B’ long- and short-term counterparty credit ratings on Bulgarian-American Credit Bank (BACB) on credit watch with positive implications following news that Allied Irish Banks (AIB) has agreed to take a 49.99% stake in BACB. link

Bulgarian Blue-Chip Car Battery Manufacturer MonBat Sees 5.2 Mln Euro Q1 Pre-tax Profit Feb 25, 2008, 17:22 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgaria’s largest car battery manufacturer MonBat, part of the blue-chip index of the Sofia bourse, expects a pre-tax profit of 10.2 million levs ($7.7 million/5.2 million euro) for the first quarter, it said on Monday. link

Bulgaria’s Investbank Gets Regulatory Approval for IPO Feb 25, 2008, 17:41 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgaria’s Investbank on Monday got a regulatory approval to launch an initial public offering (IPO) in which it seeks to raise up to 72 million levs ($54.5 million/36.8 million euro), the country’s financial watchdog said. link

Bulgarian Financial Watchdog Licenses Saedinenie Asset Management Feb 25, 2008, 17:46 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - The Bulgarian financial regulator said on Monday it licensed Saedinenie Asset Management, in which Sofia-listed Technology and Innovation Corporation Saedinenie holds a 50% stake. link

Bulgaria Says Plans Gas Link to Greece, To Hook up to TGI Pipeline Feb 25, 2008, 18:12 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgaria plans to build a gas link to its southern neighbour Greece that would enable the EU newcomer to hook up to a Turkey-Greece gas pipeline in a bid to diversify its gas supplies now provided almost solely by Russia, Bulgaria’s Economy and Energy Minister Petar Dimitrov said on Monday. link

BULGARIA’S END-2007 GROSS FOREIGN DEBT AT 27.039 BLN EURO, UP 34.5% FROM END-2006 - C-BANK Feb 25, 2008, 13:03 CET | Alert | SeeNews link

Bulgaria’s Gross Foreign Debt Rises to 27.039 Bln Euro at End-2007 Feb 25, 2008, 13:05 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgaria’s gross foreign debt totalled 27.039 billion euro ($40.025 billion) at the end of last year, up by 34.5% from the end of 2006, the country’s central bank said on Monday. link

UPDATE 1 - Bulgaria’s End-2007 Gross Foreign Debt Rises to 27.039 Bln Euro - Table Feb 25, 2008, 13:26 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgaria’s gross foreign debt totalled 27.039 billion euro ($40.025 billion) at the end of last year, up by 34.5% from 2006, the country’s central bank said on Monday. link

Bulgaria’s Jan M1 Money Supply Up 24.6 %Y/Y, Down 4.1 % M/M - Table Feb 25, 2008, 14:00 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Bulgaria’s M1 money supply, which includes cash in circulation and demand deposits, totalled 19.881 billion levs ($15.054 billion/ 10.166 billion euro) at the end of January, up 24.6% from a year earlier and 4.1% lower than at the end of December, central bank data showed on Monday. link

Bulgarian National Bank - Monetary Statistics - Dec 2007 Feb 25, 2008, 14:44 CET | State Agencies Reports | SeeNews The Bulgarian National Bank (BNB) has published the December 2007 issue of its monetary statistics bulletin. link

Bulgaria C-Bank FX Reserves Down 1.8% in Week - Table Feb 25, 2008, 17:55 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - The foreign exchange assets of the Bulgarian central bank’s Issue Department totalled 22.624 billion levs ($17.132 billion/11.568 billion euro) on February 22, down 1.8% from a week earlier, central bank data showed on Monday. link

Karoll - Bulgarian Stock Market Overview - Feb 18 - 22, 2008 Feb 25, 2008, 09:51 CET | Broker’s Report | SeeNews Commentary link

FFBH - Bulgaria Morning Update - Feb 25, 2008 Feb 25, 2008, 10:22 CET | Broker’s Report | SeeNews MARKET WRAP-UPThe last trading session of the week registered predominantly minor changes as the volumes stayed bellow the average and no enthusiasm was present. At the end it seemed that the offer side is the stronger one again and the buyers were just waiting and refusing to play aggressive. SOFIX (1413.24 bps) closed almost at the level from Thursday as the only gain from Euroins Insurance (EURINS, BGN 11.04, +2.01%) was fully offset by Bulgarian American Credit Bank (BACB, BGN 65.00, - 1.52%) after the news that the majority shareholder, BAEF, had negotiated the sale of 49.99% of the bank at BGN 67.00 to Allied Irish Banks P.l.s. BG40 stepped 0.7% down to 405.38 bps pushed down mainly by Fazerles (FZLES, BGN 227.00, - 2.16%) and Odessos Shiprepair Yard (ODES, BGN 280.00, -2.77%) with only small volumes traded. Vouchers moved in opposite directions again as PKB advanced 1.84% to BGN 0.4990 and KZ declined 1.45% to BGN 0.4336. link

FFBH - Bulgaria Weekly Update - Feb 18 - 22, 2008 Feb 25, 2008, 13:47 CET | Broker’s Report | SeeNews MARKET WRAP-UP Karoll - BELEX15 Short Term Outlook - Feb 25, 2008 Feb 25, 2008, 14:20 CET | Broker's Report | SeeNews The downside move from the May 2007 top has become much more longer and deeper than initially anticipated. Therefore, this downmove is considered of the same degree as the previous advance from the mid 2006 low to the May 2007 top. The decline from the May 2007 top has already corrected 38.2% of the aforesaid rise, the corresponding level being 2100. However, as seen from the chart, there is no sign of a market strength and the Short-Term trend remains down. Thus, further weakness twd 1830 (this level is 50% retracement of the said advance) cannot be ruled out in the coming months. Only firm and sustained break abv 2395 (the early Feb 2008 top) will signal the downside has likely been completed and a move back twd 2700 may follow... [link->http://seenews.com/news/latestnews/karoll-belex15shorttermoutlook-feb25_2008-134644" class="spip_out">link

STS Finance - Bulgarian Stock Exchange Weekly Report - Feb 25, 2008 Feb 25, 2008, 14:49 CET | Broker’s Report | SeeNews The Bulgarian stock market finished the last week without a direction. The main indexes remained almost unchanged and the blue chips were anchored below key levels. The overall trade volume was still rather low, despite that there were a few block deals, which took place during the regular trading hours. The investors seem still to be in a wait-and-see mood. The companies from the banking and insurance sector are still quite vulnerable and the infrastructural ones finished the Friday session almost unchanged. link

KD Securities - Sofia Stock Exchange Weekly Report - Feb 18 - 22, 2008 Feb 25, 2008, 16:55 CET | Broker’s Report | SeeNews 1. SOFIA STOCK EXCHANGE EVOLUTION link

Bulgarian Indices End Mostly Higher in Dull Trade, Interest Expected To Return in Longer Term Feb 25, 2008, 17:14 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Most of the stock indices on the Bulgarian Stock Exchange ended higher on Monday in dull trading but interest is likely to return in the rest of the year, brokers said. link

Bulgaria Schedule of Events - Feb 25 - May 18 Feb 25, 2008, 09:03 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Bulgaria through May 18. New or amended entries are marked (*). link

Bulgarian Banks’ End-Jan Credit Portfolio Surge 63% Y/Y Feb 25, 2008, 12:45 CET | Story | SeeNews SOFIA (Bulgaria), February 25 (SeeNews) - The credit portfolio of the Bulgarian commercial banks totalled 37.2 billion levs ($28.2 billion/19.0 billion euro) at the end of January, up by 63% from a year earlier, data from the central bank, BNB, showed. link

* CROAZIA *

INTERVIEW - Croatian INGRA Sees Rising Earnings in ’07,’08, Plans Entry on Third Markets through Strategic Stake in Macedonian Peer Feb 25, 2008, 11:29 CET | Interview | SeeNews ZAGREB (Croatia), February 25 (SeeNews) – Croatian blue-chip civil engineering company INGRA expects higher-than-planned revenue and pre-tax profit for 2007 and further growth in 2008, and seeks a strategic stake in a Macedonian peer company to provide it with resources to enter third markets, CEO Igor Oppenheim said. link

EBRD Lends 10 Mln Euro to Raiffeisen Leasing in Croatia To Back SMEs Feb 25, 2008, 12:50 CET | Story | SeeNews ZAGREB (Croatia), February 25 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Monday it lent 10 million euro ($14.8 million) to Croatia’s Raiffeisen Leasing to support the small and medium-sized enterprises (SMEs) in the European Union candidate country. link

Croatia’s Djuro Djakovic Montaza Starts 7.2 Mln Euro Cement Plant Upgrade Project in Hungary Feb 25, 2008, 14:39 CET | Story | SeeNews ZAGREB (Croatia), February 25 (SeeNews) - Croatian metal processing company Djuro Djakovic Montaza said on Monday it has started a 7.2 million euro ($10.7 million) reconstruction project at a plant of Hungarian cement producer Duna-Drava Cement Kft. link

Raiffeisenbank’s Croatian Unit Gets Nod for 66% Capital Increase Feb 25, 2008, 15:15 CET | Story | SeeNews ZAGREB (Croatia), February 25 (SeeNews) - Croatia’s financial regulator said on Monday it approved an increase in the capital of local commercial bank Raiffeisenbank Austria (RBA), part of the Austrian Raiffeisenbank group, to some 3.699 billion kuna ($753 million/508 million euro) from 2.234 billion kuna. link

Erste Securities - Croatian Equity Daily - Feb 25, 2008 Feb 25, 2008, 10:24 CET | Broker’s Report | SeeNews Highlights: link

FIMA - Weekly Report - Feb 18 - 22, 2008 Feb 25, 2008, 16:37 CET | Broker’s Report | SeeNews Macroeconomics link

Croatian Shares Firm in Thin Turnover, Investors Remain Cautious Feb 25, 2008, 18:38 CET | Story | SeeNews ZAGREB (Croatia), February 25 (SeeNews) - Croatian shares firmed in low turnovers on Monday as investors remained reluctant to buy after the recent sharp falls, brokers said. link

Croatia Schedule of Events – Feb 25 – May 17 Feb 25, 2008, 09:17 CET | Story | SeeNews ZAGREB (Croatia), February 25 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through May 15. New or amended entries are marked (*). link

* MACEDONIA *

INTERVIEW - Croatian INGRA Sees Rising Earnings in ’07,’08, Plans Entry on Third Markets through Strategic Stake in Macedonian Peer Feb 25, 2008, 11:29 CET | Interview | SeeNews ZAGREB (Croatia), February 25 (SeeNews) – Croatian blue-chip civil engineering company INGRA expects higher-than-planned revenue and pre-tax profit for 2007 and further growth in 2008, and seeks a strategic stake in a Macedonian peer company to provide it with resources to enter third markets, CEO Igor Oppenheim said. link

Macedonia Schedule of Events - Feb 25 - Nov 28 Feb 25, 2008, 10:01 CET | Story | SeeNews SKOPJE (Macedonia), February 25 (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 *

Moldova Cuts Call Price for Assets of Insolvent Cannery Feb 25, 2008, 09:52 CET | Story | SeeNews CHISINAU (Moldova), February 25 (SeeNews) - Moldova on Monday called another auction for the assets of its insolvent cannery Pomvit cutting the call price to 9.7 million lei ($865,700/584,800 euro) from 25 million lei in the previous auction. link

Romania’s Credit Team Expands to Moldova with Franchise Company Feb 25, 2008, 12:11 CET | Story | SeeNews CHISINAU (Moldova), February 25 (SeeNews) – Romanian loan broker Credit Team has expanded its activities to Moldova by opening a franchise company in the neighbouring country’s capital, the company said on Monday. link

Slovenian Company Tkanina Buys Small Stake in Moldova-Agroindbank Feb 25, 2008, 16:30 CET | Story | SeeNews CHISINAU (Moldova), February 25 (SeeNews) - Slovenian company Tkanina has bought a 0.98% stake in Moldova-Agroindbank, Moldova’s largest bank by assets, for 20.3 million lei ($1.8 million/1.2 million euro), the Moldovan Securities Commission (CNPF) said on Monday. link

Moldova’s Chisinau International Airport To Add Three New Routes in 2008 Feb 25, 2008, 18:15 CET | Story | SeeNews CHISINAU (Moldova), February 25 (SeeNews) – Moldova’s Chisinau international airport will add three new services this year to the Latvian capital, Riga, the Spanish capital, Madrid, and St. Petersburg in Russia, the airport’s director general said on Monday. link

Moldova Schedule of Events - Feb 25 - May 15 Feb 25, 2008, 09:23 CET | Story | SeeNews CHISINAU (Moldova), February 25 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to Moldova through May 15. New or amended entries are marked (*) link

Moldova’s FX Reserves Unchanged at $1.35 Bln in Week Ending Feb 15 Feb 25, 2008, 09:33 CET | Story | SeeNews CHISINAU (Moldova), February 25 (SeeNews) - Moldova’s foreign exchange reserves totalled $1.35 billion (912 million euro) on February 15, unchanged from a week earlier, the country’s central bank said on Monday. link

* MONTENEGRO *

MONTENEGRO’S JANUARY INDUSTRIAL OUTPUT RISES 13.1% Y/Y, FALLS 19.3% M/M – STATS OFFICE Feb 25, 2008, 14:20 CET | Alert | SeeNews link

MONTENEGRO’S JAN CPI RISES 7.9% Y/Y, UP 1.4% M/M - STATS OFFICE Feb 25, 2008, 14:22 CET | Alert | SeeNews link

Montenegro’s January Industrial Output Rises 13.1% Y/Y - Table Feb 25, 2008, 14:40 CET | Story | SeeNews PODGORICA (Montenegro), February 25 (SeeNews) – Montenegro’s January industrial output rose by 13.1% on the year but was 19.3% lower than a month earlier, the country’s statistics office said on Monday. link

Montenegro’s Jan Consumer Price Index Rises 7.9% Y/Y - Table Feb 25, 2008, 14:46 CET | Story | SeeNews PODGORICA (Montenegro), February 25 (SeeNews) - Montenegro’s January consumer price index rose by 7.9% on the year and was 1.4% higher month-on-month, the country’s Statistics Office said on Monday. link

Montenegro’s Jan Net Salary Up 2.6% M/M - Table Feb 25, 2008, 15:20 CET | Story | SeeNews PODGORICA (Montenegro), February 25 (SeeNews) - Montenegro’s January average net monthly salary rose by a real 2.6% month-on-month to 386 euro ($572.4), the Statistics Office said on Monday. link

Montenegro’s Jan Retail Price Index Rises 8.3% Y/Y - Table Feb 25, 2008, 15:20 CET | Story | SeeNews PODGORICA (Montenegro), February 25 (SeeNews) – Montenegro’s January retail price index rose by 8.3% on the year and was 1.4% higher than a month earlier, data of the country’s statistics office indicated on Monday. link

Montenegro Schedule of Events - Feb 25 - May 15 Feb 25, 2008, 09:40 CET | Story | SeeNews PODGORICA (Montenegro), February 25 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Montenegro through May 15. New or amended entries are marked (*). link

* ROMANIA *

Raiffeisen Capital & Investment - Company News - SIF2 Moldova (E)GSM Agenda, Feb 25, 2008 Feb 25, 2008, 10:19 CET | Broker’s Report | SeeNews SIF2 Moldova (E)GSM Agenda link

Fitch Affirms Romanian City of Oradea at ’BBB-’, Stable Outlook Feb 25, 2008, 10:43 CET | Story | SeeNews BUCHAREST (Romania), February 25 (SeeNews) - Fitch Ratings said on Monday it has affirmed the long-term foreign and local currency ratings of ’BBB-’ and short-term foreign currency rating of ’F3’ of the northwestern Romanian city of Oradea, with a stable outlook. link

ANALYST FORECAST - Romanian Oil/Gas Group Petrom’s 2007 Net Profit Seen Similar to Previous Year Feb 25, 2008, 16:01 CET | Analysis | SeeNews BUCHAREST (Romania), February 25 (SeeNews) - Last year’s net profit for Petrom, Romania’s largest integrated oil and gas company, is expected to be around 2.1 billion to 2.3 billion lei ($850 to 930 million/570 to 630 million euro), compared with 2.28 billion lei reported for 2006, analysts said on Monday. link

Raiffeisen Capital & Investment - Company News - Oil Terminal, SOCAR, Feb 25, 2008 Feb 25, 2008, 11:41 CET | Broker’s Report | SeeNews Oil Terminal potential partnership with Azerbaijani state company SOCAR link

Romania’s Anti-Trust Body Approves Sale of One Drug Maker, Two Drug Distributors to Advent International Feb 25, 2008, 12:45 CET | Story | SeeNews BUCHAREST (Romania), February 25 (SeeNews) - Romania’s competition regulator on Monday said it has approved the sale of Romanian drug maker Labormed Pharma and drug distributors Labormed Pharma Trading and Coral International Trade to U.S. private equity fund Advent International. link

Romanian Water Meters Maker Contor To Launch IPO on Feb 29, Sees at Least 50% Rise in ’08 Gross Profit, Turnover Feb 25, 2008, 16:18 CET | Story | SeeNews BUCHAREST (Romania), February 25 (SeeNews) - Romanian water meters manufacturer Contor Group said on Monday it aims to raise some 11.7 million lei ($4.7 million/3.2 million euro) in its initial public offering (IPO) that will take place between February 29 and March 13 on the Bucharest Stock Exchange (BVB). link

Romania’s Jan M3 Money Supply Down Nominal 0.4% M/M - Table Feb 25, 2008, 14:24 CET | Story | SeeNews BUCHAREST (Romania), February 25 (SeeNews) - Romania’s M3, the broadest gauge of the country’s money supply, fell in January by a nominal 0.4% month-on-month to 147 billion lei ($59.6 billion/40.2 billion euro), the country’s central bank, BNR, said on Monday. link

Ieba Trust - Romanian Market Daily - Feb 22, 2008 Feb 25, 2008, 09:32 CET | Broker’s Report | SeeNews The highest daily turnover since the beginning of the month link

Confident Invest - Weekly Update - Feb 23, 2008 Feb 25, 2008, 10:01 CET | Broker’s Report | SeeNews Abstract link

Raiffeisen Capital & Investment - Investment Daily Romania - Feb 25, 2008 Feb 25, 2008, 10:08 CET | Broker’s Report | SeeNews WatchlistSNP will release tomorrow its 2007 preliminary results.In the news link

KD Capital Management - Bucharest Stock Exchange - Weekly Report - Feb 18 - 22, 2008 Feb 25, 2008, 11:45 CET | Broker’s Report | SeeNews 1. STOCK EXCHANGE OVERVIEW link

Romanian National Bank - Developments on Romanian Financial Markets, Feb 11 - 15, 2008 Feb 25, 2008, 13:30 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 11 - 15, 2008: link

Romanian Bourse Marks Strong Gains in Recovery Trend Feb 25, 2008, 18:24 CET | Story | SeeNews BUCHAREST (Romania), February 25 (SeeNews) - The Romanian bourse on Monday posted strong gains with all share indices jumping by more than four percent in what brokers said was a market recovery trend, brokers said. link

Romania Schedule of Events - Feb 25 - May 15 Feb 25, 2008, 09:12 CET | Story | SeeNews BUCHAREST (Romania), February 25 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through May 15. New or amended entries are marked (*). link

Romanian Leu Starts Week Stronger vs Euro, Seen Volatile Feb 25, 2008, 17:22 CET | Story | SeeNews BUCHAREST (Romania), February 25 (SeeNews) - Romania’s leu closed firmer against the euro on Monday but trading is expected to be volatile this week, dealers said. link

* SERBIA *

Serbian IT Market Grows 18.3% to $568 Mln in 2007, To Reach $646 Mln in 2008 – IDC Feb 25, 2008, 12:09 CET | Story | SeeNews BELGRADE (Serbia), February 25 (SeeNews) – The Serbian information technology (IT) market grew 18.3% to over $568 million (384 million euro) in 2007 and could reach $646 million this year, market intelligence and advisory company IDC Adriatics said on Monday. link

Serbia, Russia Move Ahead on South Stream Gas Pipeline Project Feb 25, 2008, 17:04 CET | Story | SeeNews BELGRADE (Serbia), February 25 (SeeNews) – The gas monopolies of Serbia and Russia on Monday set up a joint venture company that will build and operate the Serbian arm of the multi-billion euro South Stream pipeline designed to carry Russian gas to Western Europe. link

Vojvodjanska Banka - Daily Vobnews - Feb 25, 2008 Feb 25, 2008, 10:26 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for February 25, 2008 containing the following charts and tables: link

Sinteza Investment Group - Daily Market WrapUp - Feb 22, 2008 Feb 25, 2008, 11:49 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its Daily Market WrapUp for February 22, 2008, containg an overview of the Serbian Financial Market. link

Karoll - BELEX15 Short Term Outlook - Feb 25, 2008 Feb 25, 2008, 14:20 CET | Broker’s Report | SeeNews The downside move from the May 2007 top has become much more longer and deeper than initially anticipated. Therefore, this downmove is considered of the same degree as the previous advance from the mid 2006 low to the May 2007 top. The decline from the May 2007 top has already corrected 38.2% of the aforesaid rise, the corresponding level being 2100. However, as seen from the chart, there is no sign of a market strength and the Short-Term trend remains down. Thus, further weakness twd 1830 (this level is 50% retracement of the said advance) cannot be ruled out in the coming months. Only firm and sustained break abv 2395 (the early Feb 2008 top) will signal the downside has likely been completed and a move back twd 2700 may follow... link

Serbia Schedule of Events - Feb 25 - May 18 Feb 25, 2008, 09:32 CET | Story | SeeNews BELGRADE (Serbia), February 25 (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

* SLOVENIA *

Slovenia’s Jan Power Consumption Down 3.0% Y/Y Feb 25, 2008, 18:13 CET | Story | SeeNews LJUBLJANA (Slovenia), February 25 (SeeNews) - Electricity consumption in Slovenia was 1.135 billion kilowatt hours (kWh) in January, down 3.0% from a year earlier, the state-owned power grid operator Eles said on Monday. [link->http://seenews.com/news/latestnews/slovenia___sjanpowerconsumptiondown3_0_y_y-172638

EU MAY SIGN SAA DEAL WITH BOSNIA IN LATE MARCH OR EARLY APRIL - SLOVENIA’S FOREIGN MINISTER Feb 25, 2008, 16:53 CET | Alert | SeeNews link

EU May Sign SAA Deal with Bosnia by Early April – Slovenia’s Foreign Minister Feb 25, 2008, 17:10 CET | Story | SeeNews LJUBLJANA (Slovenia), February 25 (SeeNews) - The European Union (EU) may sign a Stabilisation and Association Agreement (SAA) with Bosnia and Herzegovina at the end of March or the beginning of April after the country implements a key reform to unify its ethnically divided police force, Slovenia’s Foreign Minister Dimitrij Rupel said on Monday. link

Slovenian Stock Indices Rise Further in Calm Trading Feb 25, 2008, 18:37 CET | Story | SeeNews LJUBLJANA (Slovenia), February 25 (SeeNews) - Slovenian stock indices rose further in calm trading on Monday with blue-chip port operator Luka Koper making a further gain of almost 3.0%, brokers said. link

Slovenia Schedule of Events - Feb 25-May 15 Feb 25, 2008, 10:26 CET | Story | SeeNews LJUBLJANA (Slovenia), February 25 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Slovenia through May 15. New or amended entries are marked (*). link

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