Centro Studi Europa dell’Est - notiziario del 14.03.2008 - powered by www.seenews.com

NOTIZIARIO DEL 14.03.2008

* BOSNIA *

Bosnian Oil Refinery Brod Extends 2007 Loss by 17% to 32 Mln Euro - Table Mar 14, 2008, 11:20 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), March 14 (SeeNews) – Bosnia’s sole fuel-producing oil refinery, troubled Bosanski Brod, said on Friday it had extended its 2007 loss by 17% to 64.11 million marka ($50.4 million/32.3 million euro). link

Bosnian Insurer Bobar Osiguranje 2007 Net Profit Almost Quadruples - Table Mar 14, 2008, 12:14 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), March 14 (SeeNews) - Bobar Osiguranje, one of the biggest insurers in Bosnia’s Serb Republic, reported on Friday a 2007 net profit of some 1.55 million marka ($1.22 million/782,000 euro), up almost four times from the previous year. link

Serbia’s Hemofarm To Try Again to Buy out Bosnian Electronics Producer Cajavec Mar 14, 2008, 14:11 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), March 14 (SeeNews) - Serbia’s largest drug maker Hemofarm, owned by Germany’s STADA, said on Friday it plans to launch again a buyout bid for Bosnian electronics manufacturer Cajavec in which it owns a 72.55% stake. link

Bulgarian LM IMPEX To Invest 2.0 Mln Euro in Bosniain Manganese Mine Mar 14, 2008, 18:14 CET | Story | AII Data Processing Ltd Bulgarian LM IMPEX plans to invest 2.0 mln euro ($3.1 mln) in its recent Bosnian acquisition, manganese mine Rudnik Mangana Buzim, to raise its capacity and workforce, media reports showed. link

Bosnian Consortium To Construct Buildings for BH Telekom, BH Posta Mar 14, 2008, 18:25 CET | Story | AII Data Processing Ltd A consortium of Bosnian companies has won a 12 mln Bosnian marka ($9.4 mln/6.0 mln euro) tender to construct two buildings for the country’s key telecom and the postal monopoly, media reports showed. link

Bosnia’s Central Govt To Issue Debut Bonds on March 31 Mar 14, 2008, 10:55 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), March 14 (SeeNews) – Bosnia’s central government has decided to issue its first-ever Treasury bonds on March 31 to compensate local pre-war holders of foreign currency deposits, it said. link

Bosnia Schedule of Events - March 14 – Nov 2 Mar 14, 2008, 09:57 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), March 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through November 2. New or amended entries are marked (*). link

* BULGARIA *

BSE - Daily Bulletin, Selected Announcements - Mar 13, 2008 Mar 14, 2008, 08:47 CET | Specialists Reports | SeeNews Orgachim AD-Ruse, BSE code - ORGH, has submitted to X3 News a notification about:1. Concluded deals as per the frame contract with Polycolor AD-Bucharest within the terms of Art. 114 (1) of the POSA in the timeframe from 06.03.2008 till 12.03.2008 on the total amount of Euro 396,996.70.2. New products:а/ Epoxy resin 570 - low-viscosity epoxy resin with low molecular massUsage - for the production of epoxy paste, filled with sand, concrete and epoxy flooringb/ Vinalkyd 220 P - unsaturated polyester resinUsage - in boat construction, in everyday life, in industry and constructionPlease, refer to the entire notification at link. link

Japan’s IHI Maritime United To Supply Components to Bulgaria’s Bulyard SI in 10 Bln Yen (64 Mln Euro) Deal Mar 14, 2008, 13:58 CET | Story | SeeNews SOFIA (Bulgaria), March 14 (SeeNews) – Japanese IHI Maritime United (IHIMU) will supply ship components to Bulgaria’s Bulyard Shipbuilding Industries (Bulyard SI) worth a total of some 10 billion yen ($99.4 million/64 million euro), an official of the Bulgarian company’s majority owner said on Friday. link

French Duc To Invest up to 40 Mln Euro in Hybrid Chicken Farms in Bulgaria by 2012 Mar 14, 2008, 14:21 CET | Story | SeeNews SOFIA (Bulgaria), March 14 (SeeNews) - French poultry company Duc plans to invest up to 40 million euro ($62 million) by 2012 in new hybrid chicken farms and technologies in Bulgaria, it said on Friday. link

Bulgarian, Foreign Investors Build 71.6 Mln Euro Industrial Park near Sofia Mar 14, 2008, 15:39 CET | Story | SeeNews SOFIA (Bulgaria), March 14 (SeeNews) – Sofia-based Rosslyn Capital Partners and unnamed Bulgarian and foreign investors are building an industrial park near Sofia worth some 140 million levs ($111.2 million/71.6 million euro), the project manager said on Friday. link

Bulgarian LM IMPEX To Invest 2.0 Mln Euro in Bosniain Manganese Mine Mar 14, 2008, 18:14 CET | Story | AII Data Processing Ltd Bulgarian LM IMPEX plans to invest 2.0 mln euro ($3.1 mln) in its recent Bosnian acquisition, manganese mine Rudnik Mangana Buzim, to raise its capacity and workforce, media reports showed. link

Greek Sprider To Open 80 Stores by 2011 Mar 14, 2008, 18:19 CET | Story | AII Data Processing Ltd Greek clothing and footwear retailer Sprider Stores plans to open 80 stores in Greece and abroad over the next three years, aiming to run 150 points of sale by 2011, the company said. link

Bulgaria opens new sale procedure for Bobov Dol power station Mar 14, 2008, 18:21 CET | Story | Dnevnik Bulgaria’s sell-off regulator has decided to open a new privatisation procedure for the Bobov Dol thermal power plant (TPP) with bidding set to start at 100 mln levs. link

Overgas Inc to spend 75 mln levs on new gas mains in ’08 Mar 14, 2008, 18:23 CET | Story | Dnevnik Overgas Inc., the Bulgarian gas supplier, said it has earmarked 75 mln levs for the deployment of gas distribution networks in 2008. link

Govt to assist Kremikovtzi recovery as co is groomed for sale Mar 14, 2008, 18:30 CET | Story | Dnevnik Bulgaria’s economy ministry has accepted a role in whipping steel maker Kremikovtzi into shape as Pramod Mittal, the majority owner of the struggling company, prepares to shop the business to prospective buyers. link

Bulgarian Development Bank to Coordinate EU Funding Mar 14, 2008, 18:32 CET | Story | AII Data Processing Ltd Bulgaria’s future state-owned Development Bank, which will succeed the Encouragement Bank, will become coordinator and manager of the huge financial resources from the European Union, under the bill for the bank’s creation passed at first reading in Parliament on March 13, 2008. link

Eurohold Bulgaria Sees 2008 Profit at 16.9 Mln Euro Mar 14, 2008, 18:37 CET | Story | AII Data Processing Ltd Holding company Eurohold Bulgaria has projected a 33 mln Bulgarian levs ($26.2 mln/16.9 mln euro) profit and a 372 mln levs ($295.8 mln/190.2 mln euro) revenue for 2008, the company said on March 13 at a meeting with investors. link

BULGARIA’S JAN C/A GAP FLAT Y/Y AT 2.2%/GDP – C-BANK Mar 14, 2008, 10:56 CET | Alert | SeeNews link

Bulgaria’s Jan C/A Gap Flat Y/Y at 2.2% of GDP Mar 14, 2008, 11:08 CET | Story | SeeNews SOFIA (Bulgaria), March 14 (SeeNews) - Bulgaria’s January current account deficit was equivalent to a preliminary 2.2% of the gross domestic product (GDP) projected for 2008, unchanged from a year earlier, the central bank said on Friday. link

UPDATE 1 - Bulgaria’s Jan C/A Gap Flat Y/Y at 2.2% of GDP Mar 14, 2008, 11:23 CET | Story | SeeNews (adds table) link

Bulgarian NSI - Consumer Price Index Series by Months - May 1990 - Jan 2008* Mar 14, 2008, 13:42 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on consumer price index series by months for the period May 1990 to January 2008. link

Bulgarian NSI - Consumer Price Indices - Feb 2008 Mar 14, 2008, 13:43 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on consumer price indices for February 2008. link

Bulgarian NSI - Consumer Price Indices by Months of 2008 - Feb 2008 Mar 14, 2008, 13:44 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on consumer price indices by months of 2008. link

Bulgarian NSI - Harmonised Index of Consumer Prices Series by Months - Jan 1997 - Feb 2008 Mar 14, 2008, 13:45 CET | State Agencies Reports | SeeNews Harmonised index of consumer prices series by months - Jan 1997 - Feb 2008* link

Bulgarian NSI - Harmonised Indices of Consumer Prices - Feb 2008 Mar 14, 2008, 13:46 CET | State Agencies Reports | SeeNews HARMONIZED INDICES OF CONSUMER PRICES FOR FEBRUARY 2008 link

Bulgarian Stock Indices Move Up in Dull Trading Mar 14, 2008, 14:38 CET | Story | SeeNews SOFIA (Bulgaria), March 14 (SeeNews) – Bulgarian stock indices ended slightly higher on Friday in dull trading with trading volumes remaining low while investors await the end of the global financial crisis, brokers said. link

Bulgaria Schedule of Events - March 14 - Nov 25 Mar 14, 2008, 09:02 CET | Story | SeeNews SOFIA (Bulgaria), March 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bulgaria through November 25. New or amended entries are marked (*). link

STS Finance - Daily FX Analysis - Mar 14, 2008 Mar 14, 2008, 08:53 CET | Broker’s Report | SeeNews Dollar’s sell off continued – 14th of March, 2008 link

* CROAZIA *

Austrian Post To Invest 10 Mln Euro in Logistic Centre in Croatia Mar 14, 2008, 14:01 CET | Story | SeeNews ZAGREB (Croatia), March 14 (SeeNews) - Austrian postal service operator Oesterreichische Post said on Friday it plans to build a logistic centre worth 10 million euro ($15.6 million) in Croatia, and another one in Serbia for which it did not provide an investment estimate. link

Croatia’s Geofoto Acquires Majority Stake in Norwegian ProCaptura Mar 14, 2008, 16:29 CET | Story | SeeNews ZAGREB (Croatia), March 14 (SeeNews) - Croatian digitial cartographer Geofoto said on Friday that it has acquired a 76% stake in Norwegian scanner and software for data conversion producer ProCaptura, for an undisclosed sum. link

Croatian Podravka Dismisses Media Reports on Joint Product with Peer Agrokor; Sale of Ital-Ice Mar 14, 2008, 18:11 CET | Story | SeeNews ZAGREB (Croatia), March 14 (SeeNews) – Croatian blue-chip food manufacturer Podravka said on Friday it has not signed an agreement to develop a joint product with peer Agrokor, and has not put up for sale its frozen food making division Ital-Ice, dismissing local media reports from Thursday. link

CROATIA’S FEB CPI -0.1% M/M, +5.8% Y/Y VS. +0.7% M/M, +6.2% Y/Y IN JAN - STATS OFFICE Mar 14, 2008, 13:28 CET | Alert | SeeNews link

Croatia’s Feb CPI Falls 0.1% M/M, Up 5.8% Y/Y - Table Mar 14, 2008, 13:44 CET | Story | SeeNews ZAGREB (Croatia), March 14 (SeeNews) - Croatia’s February consumer price index (CPI) fell by 0.1% month-on-month, after increasing by a monthly 0.7% in January, the State Statistics Bureau said on Friday. link

UPDATE 1- Croatia’s Feb CPI Falls 0.1% M/M, Up 5.8% Y/Y – Table Mar 14, 2008, 14:12 CET | Story | SeeNews (adds breakdown figures) link

Croatian Share Indices Fall Further Along With Losses Aboard Mar 13, 2008, 19:13 CET | Story | SeeNews ZAGREB (Croatia), March 13 (SeeNews) - Croatian share indices fell further on Thursday, reflecting losses on neighbouring markets and many other global bourses, brokers said. link

FIMA Stock Monitor - Daily - Mar 13, 2008 Mar 14, 2008, 08:52 CET | Broker’s Report | SeeNews Daily comment: link

Erste Securities - Croatian Equity Daily - Mar 14, 2008 Mar 14, 2008, 09:32 CET | Broker’s Report | SeeNews Highlights: link

Croatian Share Indices Keep Falling in Low Turnover Mar 14, 2008, 18:41 CET | Story | SeeNews ZAGREB (Croatia), March 14 (SeeNews) – Friday failed to bring a change to the market mood in Croatia as share indices kept falling in low liquidity and brokers said no quick recovery could be expected. link

Croatia Schedule of Events – March 14 – May 17 Mar 14, 2008, 09:49 CET | Story | SeeNews ZAGREB (Croatia), March 14 (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 Denar To Remain Stable in 2008 Mar 14, 2008, 18:26 CET | Story | AII Data Processing Ltd The Macedonian denar will remain stable throughout 2008, keeping a de facto fixed rate of 61.5 denars per 1.0 euro, the Finance Ministry said in a statement. link

Macedonian Share Indices Fall in Panic Selling over Government Crisis Mar 14, 2008, 18:35 CET | Story | SeeNews SKOPJE (Macedonia), March 14 (SeeNews) – Macedonian share indices fell sharply in high volumes this week as a looming government crisis caused panic among investors, brokers said. link

Macedonia’s President, Premier To Discuss Looming Government Crisis Mar 14, 2008, 13:37 CET | Story | SeeNews SKOPJE (Macedonia), March 14 (SeeNews) - Macedonia’s President Branko Crvenkovski will meet Prime Minister Nikola Gruevski on Friday to discuss a potential government crisis looming after the Democratic Albanian Party (DPA) decided to leave the ruling coalition, raising the possibility of early elections. link

* MOLDOVA *

Union Fenosa Moldovan Unit To Invest 178.5 Mln Lei (10.7 Mln Euro) in 2008 Mar 14, 2008, 15:23 CET | Story | SeeNews CHISINAU (Moldova), March 14 (SeeNews) – The Moldovan unit of Spanish utility Union Fenosa will invest 178.5 million lei ($17 million/10.7 million euro) this year in its development, down from 263 million lei spent in 2007, the company said on Friday. link

Moldova’s Transdniestria Region Trade Gap Widens 28% in 2007 - Table Mar 14, 2008, 13:12 CET | Story | SeeNews CHISINAU (Moldova), March 14 (SeeNews) - The trade deficit of Moldova’s rebel region of Transdniestria rose by 28% last year to $404.6 million (260 million euro), figures from Transdniestria’s central bank showed on Friday. link

Moldova’s FX Reserves Rise to $1.37 Bln in Week Ending Mar 7 Mar 14, 2008, 12:40 CET | Story | SeeNews CHISINAU (Moldova), March 14 (SeeNews) - Moldova’s foreign exchange reserves totalled $1.37 billion (881.4 million euro) on March 7, up from $1.36 billion a week earlier, the country’s central bank said on Friday. link

* MONTENEGRO *

Montenegro Schedule of Events - March 14 - May 15 Mar 14, 2008, 11:11 CET | Story | SeeNews PODGORICA (Montenegro), March 14 (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 *

EBRD Plans To Lend up to 40 Mln Euro to Two Romanian Banks To Back SMEs Mar 14, 2008, 10:17 CET | Story | SeeNews BUCHAREST (Romania), March 14 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) plans to lend up to 40 million euro ($62.4 million) to two Romanian banks, to finance small and medium-sized enterprises (SMEs) in the country. link

ROMANIA’S SIF 4 MUNTENIA PLANS 0.07 LEI (0.0189 EURO) PER SHARE 2007 GROSS DIVIDEND VS 0.07 LEI FOR 2006 Mar 14, 2008, 14:38 CET | Alert | SeeNews link

Romania’s SIF 4 Muntenia Plans To Pay 0.07 Lei in 2007 Gross Dividend, Flat from 2006 Mar 14, 2008, 14:50 CET | Story | SeeNews BUCHAREST (Romania), March 14 (SeeNews) - SIF 4 Muntenia, one of Romania’s five geographically-defined investment funds, on Friday proposed to pay a gross dividend of 0.07 lei ($0.0294/ 0.0189 euro) per share for 2007, unchanged from the gross dividend it paid for the previous year. link

Romania’s UniCredit Tiriac Bank ’07 Net Profit Rises 50% to 263 Mln Lei (71 Mln Euro) Mar 14, 2008, 15:21 CET | Story | SeeNews CONSTANTA (Romania), March 14 (SeeNews) - UniCredit Tiriac Bank, the Romanian unit of Italian banking group UniCredit, said on Friday it had a net profit of 263.1 million lei ($110 million/71 million euro), up by 50.3% compared to the combined net profits of former HVB Tiriac Bank and UniCredit Romania in the previous year. link

Romanian Steel Mill Mechel Targoviste Plans To Pay No Dividend for 2007 Mar 14, 2008, 15:38 CET | Story | SeeNews BUCHAREST (Romania), March 14 (SeeNews) - Romanian steel mill Mechel Targoviste, part of Russia’s Mechel Steel Group, said on Friday it plans to pay no dividend for 2007 and will use its profit to boost reserves and cover losses from previous years. link

U.S. Colgate-Palmolive To Shut Down Romanian Plant Mar 14, 2008, 17:51 CET | Story | SeeNews BUCHAREST (Romania), March 14 (SeeNews) - U.S. cosmetics company Colgate-Palmolive said on Friday it would shut down its production unit in the Romanian central city of Brasov as part of its global restructuring and business building programme aimed at realigning production to meet global needs. link

Greek Sprider To Open 80 Stores by 2011 Mar 14, 2008, 18:19 CET | Story | AII Data Processing Ltd Greek clothing and footwear retailer Sprider Stores plans to open 80 stores in Greece and abroad over the next three years, aiming to run 150 points of sale by 2011, the company said. link

Romanian National Bank - Inflation Report Feb 2008 - Part IX Inflation Outlook, Aggregate Demand Pressures Mar 14, 2008, 14:07 CET | State Agencies Reports | SeeNews 1.3. Aggregate demand pressures link

Romanian National Bank - Business Climate Survey, Feb 2008 Mar 14, 2008, 14:23 CET | State Agencies Reports | SeeNews February 2008: Mixed Developments of Key Indicators in Industry; Downbeat Expectations in Construction For February, the estimates of company managers polled by the National Bank of Romania show diverging trends in key indicators in industry, whereas in construction the prospects remain grim, amid unfavourable weather conditions. Industrial output is expected to grow further, as illustrated by the balance of answers* standing at 34 percent. The volume of orders in industry is seen increasing, given the month-on-month trebling of the balance of answers to 9 percent; however, the pace of growth will be slow, since the balance of answers was relatively low compared to the levels seen in the past 12 months. External orders are seen as a contributor to the slight rebound in this indicator. In construction, output and order portfolio are set to go down. For February, the respondents participating in the NBR survey point to a flattening-out of the upturn in stocks of finished goods in industry during the recent months, as suggested by the sharp reduction in the balance of answers down to +3 percent, less than one-fourth of the previous month’s figure. Stocks of raw materials are foreseen to range within normal limits, according to more than 93 percent of the respondents in the industrial sector. The construction sector will witness stable stocks of finished goods, according to 77 percent of the respondents, while the stocks of raw materials are set to remain below the normal levels, as the balance of answers was -29 percent in the month under review. The chief factors stymieing output growth in both sectors will be the subdued demand (revealed by 17 percent of respondents), inter-company arrears and the exchange rate movements. Respondents foresee staff numbers to remain on a downward drift in February in industry and construction, with the latter showing a faster pace of labour shedding. The balance of answers appears to stay in negative territory in e ither case, i.e. -45 percent and -12 percent respectively. In indu y, more than half of the managers polled say there are no changes in the number of payrolls in sight. For February, expectations hint at further hikes in producer prices in both industry and construction, as shown by the balances of answers standing at +32 percent and +20 percent respectively. The developments in these indicators are seen remaining broadly unchanged, in the opinion of more than 60 percent of the company managers in industry and three-fourths of those in construction. Over the period, further investments are expected in industry, as illustrated by the balance of answers equalling +29 percent, whereas in construction the outlook is downbeat, with the balance of answers standing at -27 percent. Similar developments are foreseen for the profitability ratio, the balances of answers running at +13 percent and -46 percent respectively.* Shows the trend of the concerned indicator and is calculated as the difference between the weight of positive and that of negative answers in total answers link

Romanian National Bank -Inflation Report Feb 2008 - Part VII Inflation Outlook, Inflation Forecast Mar 14, 2008, 13:53 CET | State Agencies Reports | SeeNews The baseline scenario of the current projection places the 12-month inflation rate at 5.9 percent for end-2008, 1.6 percentage points above the figure published in the November 2007 Inflation Report and 1.1 percentage points higher than the upper limit of the variation band for the current year (3.8 percent ± one percentage point). Resumption of disinflation is expected for 2008 Q2 so that the inflation rate would fall back inside the target band starting with 2009 Q2. For end-2009, inflation is forecasted to reach 3.9 percent. The projection was revised due to recent developments marking substantial deviations from the previous scenario. The deviations stem from the cumulative action of: (i) the shocks impacting the RON exchange rate in 2007 H2 and the persistence of their effects in early 2008, (ii) the additional excess demand induced by the increase in budget deficit and household incomes at end-2007 and in 2008 Q1; (iii) larger-than-previously-projected hikes of administered prices both in 2007 Q4 and throughout 2008; and (iv) the destabilising effects of these shocks on inflation expectations. Although the monetary policy rate was raised in response to the developments and the outlook for the economy as a whole, both the nominal depreciation of the domestic currency and the upward adjustment of inflation expectations led to less restrictive monetary conditions in real terms, thereby reducing temporarily their impact on aggregate demand in the first part of the forecast horizon. For 2008, the baseline scenario predicts a disinflation path which is comparable to that envisaged by the previous forecast (with the projected annual inflation rate dropping from a high of 8.3 percent in 2008 Q1 to 5.9 percent at end-2008 compared to the fall from 6.3 percent to 4.3 percent projected in November 2007). The decreasing inflation projection in the second half of the forecast horizon relies on the programmed restrictive impact of real monetary condition s on aggregate demand, on the assumption of fading second round efts of the 2007 drought following the 2008 harvest, and on lower inflation expectations once the disinflation process strengthens. Within the current projection horizon, the major risks which, should they materialise, could cause inflation to deviate significantly from its projected path, arise from real wage increases in excess of productivity gains, sharper worsening of inflation expectations in the first part of the horizon, the possible increase in the expansionary stance of fiscal policy compared to the projection, and the surge in fuel prices on external markets. The inflation rate could be lower than projected in the baseline scenario if the domestic supply of food items rose considerably as a result of bumper crops next summer. Deviations on either side of the baseline scenario are likely if movements in the RON exchange rate and administered prices veer off from the current scenario.1. The baseline scenario of the forecast1.1. Inflation forecast According to the base line scenario, the surge in annual consumer price inflation is projected to continue in 2008 Q1, followed by the resumption of disinflation. The inflation rate is estimated to fall back inside the corridor around the central target starting with 2009 Q2. The inflation rate is forecasted to reach 5.9 percent in 2008 and 3.9 percent in 2009. Over the horizon, the projected path of the annual CPI rate is significantly higher than in the forecast published in the November 2007 Inflation Report. link

Romanian National Bank - Inflation Report Feb 2008 - Part VIII Inflation Outlook, Exogenous Inflationary Pressures Mar 14, 2008, 13:58 CET | State Agencies Reports | SeeNews The cumulative effect of exogenous CPI components anticipated for 2008 is 0.3 percentage points higher in the current baseline scenario than in the previous projection, whereas that for 2009 remains unchanged from the forecast in the November 2007 Inflation Report. link

Romanian National Bank - Balance of Payments, 2007 Mar 14, 2008, 14:54 CET | State Agencies Reports | SeeNews Romanian National Bank has released balance of payments report for 2007. link

Ieba Trust - Romanian Market Daily - Mar 13, 2008 Mar 14, 2008, 08:50 CET | Broker’s Report | SeeNews The trades with the shares of the five SIFs accounted for 54.54% of the Regular market daily turnover link

Raiffeisen Capital & Investment - Investment Daily Romania - Mar 14, 2008 Mar 14, 2008, 09:31 CET | Broker’s Report | SeeNews Trader’s Comment link

Romanian Investment Funds Extend Falls, Rest of Market Rises in Low Volumes Mar 14, 2008, 17:25 CET | Story | SeeNews BUCHAREST (Romania), March 14 (SeeNews) - The BET-FI index of the Romanian bourse, which tracks the country’s regional investment funds, the SIFs, extended losses in the last minutes of trading on Friday, while the rest of the market gained more than one percent in low volumes, brokers said. link

Romania Schedule of Events - March 14 - May 15 Mar 14, 2008, 08:55 CET | Story | SeeNews BUCHAREST (Romania), March 14 (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 Loses More Ground vs Euro due to Weak U.S. Dollar Mar 14, 2008, 17:41 CET | Story | SeeNews BUCHAREST (Romania), March 14 (SeeNews) - Romania’s leu weakened further on Friday to 3.7245/7285 per euro, influenced by the fall of the U.S. dollar against the European single currency on international markets, dealers said. link

* SERBIA *

Austrian Post To Invest 10 Mln Euro in Logistic Centre in Croatia Mar 14, 2008, 14:01 CET | Story | SeeNews ZAGREB (Croatia), March 14 (SeeNews) - Austrian postal service operator Oesterreichische Post said on Friday it plans to build a logistic centre worth 10 million euro ($15.6 million) in Croatia, and another one in Serbia for which it did not provide an investment estimate. link

Serbia’s Hemofarm To Try Again to Buy out Bosnian Electronics Producer Cajavec Mar 14, 2008, 14:11 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), March 14 (SeeNews) - Serbia’s largest drug maker Hemofarm, owned by Germany’s STADA, said on Friday it plans to launch again a buyout bid for Bosnian electronics manufacturer Cajavec in which it owns a 72.55% stake. link

SERBIA’S FEB CPI RISES 0.6% M/M, UP 12.5% Y/Y - STATS OFFICE Mar 14, 2008, 12:43 CET | Alert | SeeNews link

Serbia’s Feb CPI Rises 0.6% M/M, Up 12.5% Y/Y - Table Mar 14, 2008, 12:57 CET | Story | SeeNews BELGRADE (Serbia), March 14 (SeeNews) - Serbia’s February consumer price inflation accelerated to 12.5% year-on-year from 11.5% in January, official statistics data showed on Friday. link

Kosovo Calls On U.N., NATO To Restore Order After Serbs Storm U.N. Court Mar 14, 2008, 13:31 CET | Story | SeeNews PRISTINA (Serbia), March 14 (SeeNews) - Kosovo’s President Fatmir Sejdiu and Prime Minister Hashim Thaci on Friday urged U.N. and NATO troops to restore peace in the Serbian populated north, where demonstrators stormed a U.N. courthouse. link

Vojvodjanska Banka - Daily Vobnews - Mar 14, 2008 Mar 14, 2008, 09:33 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for March 14, 2008 containing the following charts and tables: link

Sinteza Investment Group - Daily Market WrapUp - Mar 12, 2008 Mar 14, 2008, 09:56 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its Daily Market WrapUp for March 12, 2008, containg an overview of the Serbian Financial Market. link

Sinteza Investment Group - Daily Market WrapUp - Mar 13, 2008 Mar 14, 2008, 10:50 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its Daily Market WrapUp for March 13, 2008, containg an overview of the Serbian Financial Market. link

Belgrade Blue Chips Close Up After Week of Falls Mar 14, 2008, 15:09 CET | Story | SeeNews BELGRADE (Serbia), March 14 (SeeNews) - The Belgrade Stock Exchange’s (BELEX) blue-chip index closed higher on Friday after severe falls throughout the week caused by the uncertain political situation in Serbia, brokers said. link

Serbia Schedule of Events - March 14 - May 18 Mar 14, 2008, 11:01 CET | Story | SeeNews BELGRADE (Serbia), March 14 (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 Construction Output Up Real 39.9% Y/Y - Table Mar 14, 2008, 15:21 CET | Story | SeeNews LJUBLJANA (Slovenia), March 14 (SeeNews) - Slovenia’s January construction output, measured by the value of completed projects, rose by a real 39.9% year-on-year, the Slovenian Statistics Office said on Friday. link

Slovenian Stock Indices Gain Ground in Uneventful Trading Mar 14, 2008, 17:59 CET | Story | SeeNews LJUBLJANA (Slovenia), March 14 (SeeNews) - Slovenian stock indices gained ground in uneventful trading on Friday and brokers said they expect no significant movements on the bourse next week. link

Slovenia’s Mobitel Suspends Executive Director from Office Mar 14, 2008, 16:45 CET | Story | SeeNews LJUBLJANA (Slovenia), March 14 (SeeNews) - Shareholders of Slovenia’s largest mobile phone operator Mobitel have suspended its executive director Igor Marinsek from office due to conflicting views on the development of the Telekom Slovenije group, the group said on Friday. link

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