Centro Studi Europa dell’Est - news del 11.12.2007 - powered by www.seenews.com

NEWS DEL 11.12.2007

* ALBANIA *

Albania Q3 Producer Prices Rise 3.8% Y/Y - Table Dec 11, 2007, 16:45 CET | Story | SeeNews TIRANA (Albania), December 11 (SeeNews) - Albania’s producer price index (PPI) rose in the third quarter by 3.8% year-on-year, lifted mainly by growing prices in the processing industry, the country’s statistics office, INSTAT, said on Tuesday. http://seenews.com/news/latestnews/albaniaq3producerpricesrise3_8_y_y-table-163648

UPDATE 1 - Albania Q3 Producer Prices Rise 3.8% Y/Y Dec 11, 2007, 17:09 CET | Story | SeeNews TIRANA (Albania), December 11 (SeeNews) - Albania’s producer price index (PPI) rose in the third quarter by 3.8% year-on-year, lifted mainly by growing prices in the processing industry, the country’s statistics office, INSTAT, said on Tuesday. http://seenews.com/news/latestnews/update1-albaniaq3producerpricesrise3_8_y_y-165457

Yields Up on Albanian 3-Month T-Bills Dec 11, 2007, 17:19 CET | Story | SeeNews TIRANA (Albania), December 11 (SeeNews) - Yields rose on Albanian three-month Treasury bills sold at an auction on Tuesday, the central bank said. http://seenews.com/news/latestnews/yieldsuponalbanian3-montht-bills-170609

* BOSNIA *

Bosnia’s Federation to Award 33 Mln Euro Road Construction Contract to Local Consortium Dec 11, 2007, 12:32 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), December 11 (SeeNews) - Bosnia’s Muslim-Croat Federation government said on Tuesday it would award to a local consortium a 64.5 million marka ($48.5 million/33.0 million euro) contract for the construction of a 9.4-kilometre motorway stretch in central Bosnia. http://seenews.com/news/latestnews/bosnia___sfederationtoaward33mlneuroroadconstructioncontracttodomestic-115508

Serbia’s Hemofarm Offers Again to Buy Out Bosnian Electronics Producer Cajavec Dec 11, 2007, 12:49 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), December 11 (SeeNews) – Serbia’s largest drug maker Hemofarm, owned by Germany’s STADA, has launched a second bid to buy the remaining 32.73% of Bosnian electronics manufacturer Cajavec it does not own yet at 0.5 marka($0.376/0.255 euro) per share. http://seenews.com/news/latestnews/serbia_shemofarmoffersagaintobuyoutbosnianelectronicsproducercajavec-123311

Bosnia’s Federation Gets Bids for Four Factories of Krivaja Furniture Producer Dec 11, 2007, 12:51 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), December 11 (SeeNews) - Bosnia’s Muslim-Croat Federation said it had received bids for four factories that are part of the country’s biggest furniture maker, Krivaja Zavidovici. http://seenews.com/news/latestnews/bosnia_sfederationgetsbidsforfourfactoriespartofkrivajafurnitureproducer-101543

Bosnia Schedule of Events – Dec 11-Feb 27 Dec 11, 2007, 09:34 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through February 27. New or amended entries are marked (*). http://seenews.com/news/latestnews/bosniascheduleofevents___dec11-feb27-092128

Ruling Party Candidate Kuzmanovic Elected President of Bosnia’s Serb Republic Dec 11, 2007, 10:58 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), December 11 (SeeNews) - The candidate of the ruling Alliance for Independent Social Democrats (SNSD) in Bosnia’s Serb Republic, Rajko Kuzmanovic, has won the most votes on Sunday’s presidential elections, preliminary results indicated on Tuesday. http://seenews.com/news/latestnews/rulingpartycandidatekuzmanovicelectedpresidentofbosnia___sserbrepublic-095339

* BULGARIA *

Elana - Research Note - Zarneni Hrani Bulgaria SPO, Dec 10, 2007 Dec 11, 2007, 10:40 CET | Broker’s Report | SeeNews Zarneni Hrani Bulgaria – Public Offering of 25% http://seenews.com/news/latestnews/elana-researchnote-zarnenihranibulgariaspo_dec10_2007-100920

Bulgaria Expects Strong GDP Growth to 2010, To Keep Tight Fiscal Policy Dec 11, 2007, 16:40 CET | Story | SeeNews SOFIA (Bulgaria), December 11 (SeeNews) – Bulgaria expects to have robust economic growth to 2010 and will run high budget surpluses in that period to counter external imbalances, the country said in a three-year programme for convergence with other European Union countries. http://seenews.com/news/latestnews/bulgariatopursuetightfiscalpolicyto2010___table-145357

BSE - Daily Bulletin, Selected Announcements - Dec 10, 2007 Dec 11, 2007, 08:39 CET | Specialists Reports | SeeNews Monbat AD-Sofia, BSE code - MONBAT, has submitted the following information to BSE-Sofia:"With reference to the forthcoming Christmas holidays, the reduced number of working days in December and the announcement of Dec. 21st, 2007 as the last trading day for the Bulgarian Stock Exchange - Sofia JSC, the management of MONBAT Plc decided to announce the results for November 2007 on Dec. 20th, 2007 after the end of the stock exchange trading session.This information is also available on the website of the company - www.monbat.com." http://seenews.com/news/latestnews/bse-dailybulletin_selectedannouncements-dec10_2007-083750

Bulgarian Meat Processing Company Mekom To Seek 12 Mln Euro in IPO – Media Dec 11, 2007, 10:41 CET | Story | SeeNews SOFIA (Bulgaria), December 11 (SeeNews) - Bulgarian meat processing company Mekom will seek to raise some 23.5 million levs ($17.7 million/12 million euro) in an initial public offering (IPO) on the Bulgarian Stock Exchange at the beginning of next year, Sofia-based Pari daily reported on Tuesday. http://seenews.com/news/latestnews/bulgarianmeatprocessingcompanymekomtoseek12mlneuroinipo___media-093846

Piraeus Bank Bulgaria Targets 10% Market Share in Corporate Banking by end-2010 Dec 11, 2007, 12:07 CET | Story | SeeNews SOFIA (Bulgaria), December 11 (SeeNews) - The Bulgarian unit of Greece’s Piraeus Bank aims to raise its market share in the corporate banking segment to 10% by the end of 2010 from 7.7% now, a bank official said on Tuesday. http://seenews.com/news/latestnews/piraeusbankbulgariatargets10_marketshareincorporatebankingbyend-2010-105222

Bulgaria’s Green Life Property Development To Complete 25 Mln Euro Holiday Complex by End-2009 Dec 11, 2007, 14:22 CET | Story | SeeNews SOFIA (Bulgaria), December 11 (SeeNews) – Bulgaria’s Green Life Property Development on Tuesday said it will complete a 25 million euro ($37 million) holiday complex in the ski resort of Bansko by the end of 2009. http://seenews.com/news/latestnews/bulgaria___sgreenlifetocomplete25mlneuroskicomplexbyend-2009-133427

UK-Listed Orchid Borrows 107 Mln Euro for Bulgarian Multi-Use Development Dec 11, 2007, 14:59 CET | Story | SeeNews SOFIA (Bulgaria), December 11 (SeeNews) - UK-listed Orchid Developments said on Tuesday it has borrowed some 107 million euro ($157.2 million) from Hungarian banks OTP and MKB Bank and their local units securing financing for its multi-use development project in Bulgaria’s third-biggest city of Varna. http://seenews.com/news/latestnews/uk-listedorchidborrows109mlneuroforbulgarianmulti-usedevelopment-113231

Bulgarian Construction Firm Holding Roads in Talks To Buy Two Local Peers, Plans Expansion to Poland Dec 11, 2007, 16:02 CET | Story | SeeNews SOFIA (Bulgaria), December 11 (SeeNews) - Bulgarian construction firm Holding Roads said on Tuesday it is negotiating the acquisition of two local peers, and is planning to enter the Polish market next year. http://seenews.com/news/latestnews/bulgarianbuilderholdingroadsplanstoexpandtopolandnextyear_totakeovertwo-150703

FFBH - Bulgaria Weekly Update - Dec 03 - 07, 2007 Dec 11, 2007, 09:28 CET | Broker’s Report | SeeNews MARKET WRAP-UPThe first week of December finished slightly negative as SOFIX slipped to 1,760.28 bps (- 0.2% WoW) and BG40 lost 1.8% WoW to 531.90 bps. During last week the most liquid companies kept a tight price range. Average daily volume remained relatively low which lead us to the conclusion that most investors remain aside, uncertain about the end of the correction and focusing on the continuing IPO wave. The absence of corporate news will keep this situation unchanged until the end of next week, at least, in our opinion. Among the top performers was Economic and Investment Bank (BRIB) which jumped 5.1% WoW reflecting the transfer of almost 98% of the bank on Wednesday while among the losers were the gainers from previous two weeks. http://seenews.com/news/latestnews/ffbh-bulgariaweeklyupdate-dec03-07_2007-092422

Elana - Bulgaria Daily Report - Dec 10, 2007 Dec 11, 2007, 09:46 CET | Broker’s Report | SeeNews MARKET HIGHLIGHTSThe week begun with renewed wave of selling pressure. The volumes remained moderate as the main players were speculators. Only several positions attracted the market’s attention. Albena Invest Holding (ALBHL: 20.44; +0.74%) was traded in higher volumes than usual as three large deals boosted the company’s turnover. Petrol (PET: 4.30; -0.92%) was again subject of large package transactions and set up 10.7% from the daily turnover. Sparky Eltos (ELTOS: 16.43; +1.55%) erased some of its losses but is still 25% below the recent high as well as most companies. The level of BGN 16.00 provided good support for ELTOS shares. The banking sector closed in different directions. Bulgarian American Credit Bank (BACB: 78.22; +3.93%) outperformed in light volumes, whereas Central Cooperative Bank (CCB: 10.18; - 1.83%) lost ground. Stara Planina Hold (CENHL: 8.08; -3.00%) was the worst performer in industrial sector.The official results from the IPO of Billboard are for almost 14 times oversubscription at BGN 7.30. http://seenews.com/news/latestnews/elana-bulgariadailyreport-dec10_2007-094301

STS Finance - USA Stock Markets Daily Review - Dec 11, 2007 Dec 11, 2007, 11:23 CET | Broker’s Report | SeeNews Dow rose ahead of FED’s decision. http://seenews.com/news/latestnews/stsfinance-usastockmarketsdailyreview-dec6_2007-112200

FFBH - Bulgaria Morning Update - Dec 11, 2007 Dec 11, 2007, 13:36 CET | Broker’s Report | SeeNews MARKET WRAP-UPThe first trading session of the week ended with negative changes for all the indices. Although the down moves were not that aggressive they definitely outnumbered the positive ones. SOFIX declined 1.78% to 1,729.02 bps pushed down by Toplivo (TOPL) BGN 30.83 (-2.00%) and Industrial Holding Bulgaria (IHLBL) BGN 11.34 (-1.99%). Sell pressure in Petrol (PET) moved the price 0.92% down to BGN 4.30 after a total volume of 406k shares. BG40 lost 2.16% to 520.39 bps after the drops in Lead and Zink Complex (OTZK) BGN 93.60 (-2.15%) and Orgachim (ORGH) BGN 662.25 (-1.96%). The equally weighted BGTR30 closed at BGN 1,091.31 (-1.08%) with the major changes coming from Stara Planina Hold (CENHL) BGN 8.08 (- 3.00%), Central Cooperative Bank (CCB) BGN 10.18 (-1.83%) and First Investment Bank (FIB) BGN 11.02 (-1.17%). All compensation instruments moved up with the most significant volume coming from PKB which advanced 3.24% to BGN 0.4296. http://seenews.com/news/latestnews/ffbh-bulgariamorningupdate-dec11_2007-133329

Bulgarian Stocks Keep Losing Ground in Low Volumes Dec 11, 2007, 18:29 CET | Story | SeeNews SOFIA (Bulgaria), December 10 (SeeNews) - Bulgarian stocks declined for a second day this week in low volumes amid continuing IPO activity, brokers said. http://seenews.com/news/latestnews/bulgarianstockskeeplosinggroundinlowvolumes-181311

Bulgaria Schedule of Events - Dec 11-Jan 9 Dec 11, 2007, 08:40 CET | Story | SeeNews SOFIA (Bulgaria), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Bulgaria through January 9. New or amended entries are marked (*). http://seenews.com/news/latestnews/bulgariascheduleofevents-dec11-jan9-082703

STS Finance - Daily FX Analysis - Dec 11, 2007 Dec 11, 2007, 11:34 CET | Broker’s Report | SeeNews Dollar Under Pressure Ahead Of Fed Meeting http://seenews.com/news/latestnews/stsfinance-dailyfxanalysis-dec11_2007-113212

* CROAZIA *

S&P Withdraws "BBB-" Long-Term Debt Rating on Croatian Road Firm Bina-Istra Bonds as Redeemed Early Dec 10, 2007, 18:58 CET | Story | SeeNews ZAGREB (Croatia), December 10 (SeeNews) - Global rating agency Standard & Poor’s said it has withdrawn its ’BBB-’ long-term debt rating on 210 million euro ($309 million) of 8.0% senior secured callable bonds issued by Croatian road concession company Bina-Istra following the early redemption of the bonds on Monday. http://seenews.com/news/latestnews/_forroger-s_pwithdraws_bbb-_long-termdebtratingoncroatianroadfirmbondsas-185130

Bulgaria’s Green Life Property Development To Complete 25 Mln Euro Holiday Complex by End-2009 Dec 11, 2007, 14:22 CET | Story | SeeNews SOFIA (Bulgaria), December 11 (SeeNews) – Bulgaria’s Green Life Property Development on Tuesday said it will complete a 25 million euro ($37 million) holiday complex in the ski resort of Bansko by the end of 2009. http://seenews.com/news/latestnews/bulgaria___sgreenlifetocomplete25mlneuroskicomplexbyend-2009-133427

Moody’s Sees Stable to Positive Outlook for Croatian Banks Dec 11, 2007, 14:40 CET | Story | SeeNews ZAGREB (Croatia), December 11 (SeeNews) - The credit outlook for rated Croatian banks is stable to positive, reflecting their stable fundamentals as well as the positive outlook on Croatia’s foreign currency debt and deposit ceilings, global rating agency Moody’s said on Tuesday. http://seenews.com/news/latestnews/moody_sseesstabletopositiveoutlookforcroatianbanks-143433

Croatia Approaches Four Aerospace Majors About 700 Mln Euro Fighter Deal – Media Dec 11, 2007, 17:01 CET | Story | SeeNews ZAGREB (Croatia), December 11 (SeeNews) – Croatia’s Defence Ministry has approached four aerospace majors about supplying 12 fighter aircraft in a deal that is likely to be worth 700 million euro ($1.03 billion), local media reported on Tuesday. http://seenews.com/news/latestnews/croatiaapproachesfouraerospacemajorsaboutsome700mlneurosupplyoffighter-163025

Croatian Banks’ End-Oct Deposit Portfolio Rises 3.4% M/M, Up 13.6% Y/Y - RBA Dec 11, 2007, 18:07 CET | Story | SeeNews ZAGREB (Croatia), December 11 (SeeNews) - The Croatian commercial banks’ deposit portfolio at the end of October rose on an annual and monthly basis thanks to strong growth of deposit money, Raiffeisenbank Austria Zagreb (RBA) said on Tuesday. http://seenews.com/news/latestnews/croatianbanks_end-octdepositportfoliorises3_4_m_m_13_6_y_y-rba-174647

Croatia Turns to Govt Budget Surplus of 390.6 Mln Euro in Jan-Aug Dec 11, 2007, 12:29 CET | Story | SeeNews ZAGREB (Croatia), December 11(SeeNews) - Croatia’s central government ran a budget surplus of 2.860 billion kuna ($575.0 million/390.6 million euro) in the first eight months of this year, compared to a 7.0 million kuna deficit in the same period of 2006, Finance Ministry data showed on Tuesday. Details follow (in millions of kuna): http://seenews.com/news/latestnews/croatiaturnstojan-auggovtbudgetsurplusof390_6mlneuro-113701

Croatia’s Jan-Oct Construction Works Value Up 18% Y/Y Dec 11, 2007, 12:53 CET | Story | SeeNews ZAGREB (Croatia), December 11 (SeeNews) - The value of Croatian construction projects covered by building permits issued through October totalled 24.9 billion kuna ($5.0 billion/3.4 billion euro), up 18% from a year earlier, the State Statistics Bureau said on Tuesday. http://seenews.com/news/latestnews/croatia_sjan-octconstructionworkvalueup17_7_y_y-123945

FIMA Stock Monitor - Daily - Dec 10, 2007 Dec 11, 2007, 10:49 CET | Broker’s Report | SeeNews Daily comment:Positive investor sentiment which concluded the end of the past week didn’t extend on today’s session.Trading on Zagreb Stock exchange ended with total turnover of HRK 47,9 million. Carried on low turnover popular benchmark CROBEX showed increased volatility. The day started optimistically with CROBEX rising to 4972 points in the morning, followed by sharp decline in the midday to end the day 0,12% in black. Domestic consortium lead by heavy constructor and power trunk producer Dalekovod (DLKV-R-A) finally signed on Friday a contract with Croatian privatization fund and acquired 80% stake in aluminum processing company TLM. TLM also has 12% stake in Aluminij Mostar. The company was acquired for the price of HRK 1, but consortium has the obligation to invest EUR 107 million during the period of 3 years. Dalekovod collected a turnover of HRK 3,6 million with price decrease of 1,22%. Sugar producer Viro (VIRO-R-A) announced today that it has reached an agreemen t with sugar beet producers. In order to insure sugar beet production in accordance with European Union regulations, Viro will finance producers with modern and original pesticides. Viro will also ensure that other repro-material needed by producers is available under favorable terms. The Viro stock totaled to HRK 1,2 million in turnover and ended at HRK 1.510. Shipping companies followed the decline of Baltic dry Index which dropped to 10068 points. Jadroplov (JDPL-R-A) declined by 1,5% and Uljanik plovdba (ULPL-R-A) by 0,55%. Construction of a new hotel for Maistra (MAIS-R-A), investment worth HRK 145,5 million, did not help construction company Tehnika (THNK-R-A) to increase in value and its share declined 0,46%. http://seenews.com/news/latestnews/fimastockmonitor-daily-dec10_2007-104643

Erste Securities - Croatian Equity Daily - Dec 11, 2007 Dec 11, 2007, 11:48 CET | Broker’s Report | SeeNews MARKET COMMENTAs expected, Croatian equity market on Monday was characterized with increased caution of investors. The market recorded significantly lower turnover than in the end of the last week, while the CROBEX gained 0.1%. There were no significant price jumps of most liquid shares. Croatia osiguranje was the winner of the day with 5.9%, although with only two shares traded. Among high turnovers, good performances were seen by INA (+1.7%) and Institut gradjevinarstva Hrvatske (+1.1%). On the other side, Privredna banka Zagreb, Podravka and Jadroplov lost 2.5%, 2.1% and 1.6%, respectively. http://seenews.com/news/latestnews/erstesecurities-croatianequitydaily-dec11_2007-114259

Croatia Schedule of Events - Dec 11 – Feb 20 Dec 11, 2007, 09:05 CET | Story | SeeNews ZAGREB (Croatia), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through February 20. http://seenews.com/news/latestnews/croatiascheduleofevents-dec11___feb20-085242

Croatia Sells T-Bills Far Above Target, Yields Mostly Flat Dec 11, 2007, 13:33 CET | Story | SeeNews ZAGREB (Croatia), December 11 (SeeNews) - Croatia’s Finance Ministry on Tuesday sold 722 million kuna ($144.7 million/98.6 million euro) in three Treasury bill issues, above its target offer of 500 million kuna, as yields remained mostly unchanged. http://seenews.com/news/latestnews/croatiasellst-billsfarabovetarget_yieldsflattohigher-131403

* MACEDONIA *

Macedonia Schedule of Events - Dec 11 - Nov 28 Dec 11, 2007, 09:59 CET | Story | SeeNews SKOPJE (Macedonia), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Macedonia through Nov 28. http://seenews.com/news/latestnews/macedoniascheduleofevents-dec11-nov28-093849

* MOLDOVA *

Romania’s Anchor Grup, Moldova-based Leogrant To Build 50 Mln Euro Mall in Chisinau Dec 11, 2007, 12:20 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - Romanian real estate developer Anchor Grup and Moldova-based construction company Leogrant will build a 50 million euro ($74 million) commercial centre in Moldova’s capital Chisinau, Anchor Grup said on Tuesday. http://seenews.com/news/latestnews/romania___sanchorgrup_moldova-basedleogranttobuild50mlneuromallinchisinau-112204

Moldova’s Transdniestria Region Monthly Inflation Slows to 1.85% in November Dec 11, 2007, 11:30 CET | Story | SeeNews CHISINAU (Moldova), December 11 (SeeNews) - Montlhy inflation in Moldova’s breakaway region of Transdniestria slowed to 1.85% in November from 2.31% in October, the region’s economy ministry said on Tuesday. http://seenews.com/news/latestnews/moldova_stransdniestriamonthlyinflationslowsto1_85_innovember-110657

Yields Mostly Fall on Three Moldovan T-Bill Issues Dec 11, 2007, 16:03 CET | Story | SeeNews CHISINAU (Moldova), December 11 (SeeNews) - The Moldovan central bank (BNM) said on Tuesday it sold 52 million lei ($4.6 million/3.1 million euro) in three Treasury bill issues as yields on two of the issues fell and one remained unchanged. http://seenews.com/news/latestnews/yieldsmostlyfallonthreemoldovant-billissues-160217

Moldova Schedule of Events - Dec 11-Jan 9 Dec 11, 2007, 10:22 CET | Story | SeeNews CHISINAU (Moldova), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through January 9. New or amended entries are marked (*) http://seenews.com/news/latestnews/moldovascheduleofevents-dec11-jan9-101037

* MONTENEGRO *

Montenegro Schedule of Events - Dec 11 - Jan 2 Dec 11, 2007, 09:36 CET | Story | SeeNews PODGORICA (Montenegro), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Montenegro through January 2. New or amended entries are marked (*). http://seenews.com/news/latestnews/montenegroscheduleofevents-dec11-jan2-092643

* ROMANIA *

Romania’s State Railways Co CFR Seeks 27.5 Mln Euro from Sale of 2.24 Ha of Land Dec 11, 2007, 11:41 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - Romania’s state railways company, CFR, will offer for sale two plots of land, in the capital Bucharest and the southern city of Ploiesti, setting the starting prices at 1,350 euro ($1,987) and 240 euro per square metre, respectively, the Transport Ministry said. http://seenews.com/news/latestnews/romania_sstaterailwaycocfrtoselllandplotsinopenbidding-174332

Romania’s Anchor Grup, Moldova-based Leogrant To Build 50 Mln Euro Mall in Chisinau Dec 11, 2007, 12:20 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - Romanian real estate developer Anchor Grup and Moldova-based construction company Leogrant will build a 50 million euro ($74 million) commercial centre in Moldova’s capital Chisinau, Anchor Grup said on Tuesday. http://seenews.com/news/latestnews/romania___sanchorgrup_moldova-basedleogranttobuild50mlneuromallinchisinau-112204

Raiffeisen Capital & Investment - Transgaz IPO, Dec 11, 2007 Dec 11, 2007, 13:18 CET | Broker’s Report | SeeNews Transgaz IPO subscribed 27.9 times http://seenews.com/news/latestnews/raiffeisencapital_investment-transgazipo_dec11_2007-131726

Northern Ireland’s Moritz Group To Invest 180 Mln Euro in Office Building Project in Romania Dec 11, 2007, 17:15 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - Northern Irish real estate developer Moritz Group will invest 180 million euro ($265 million) in the construction of an office building in the Romanian capital Bucharest by 2012, the project’s promoter said on Tuesday. http://seenews.com/news/latestnews/northernireland_smoritzgrouplaunches180mlneuroofficebuildingprojectin-165723

Romanian National Bank - Inflation Report Nov 2007 - Part IX Inflation Outlook, Aggregate Demand Pressures Dec 11, 2007, 14:09 CET | State Agencies Reports | SeeNews 1.3. Aggregate demand pressures1.3.1. Current aggregate demand pressuresThe statistics released by the NIS on real GDP70 for 2007 Q2 indicate slower annual dynamics than in the previous quarters. As the impact of the amended VAT legislation on budgetary http://seenews.com/news/latestnews/romaniannationalbank-inflationreportnov2007-partixinflationoutlook_demand-150428

Romanian National Bank - Business Climate Survey, Nov 2007 Dec 11, 2007, 14:37 CET | State Agencies Reports | SeeNews Generally Positive Developments in Key Indicators in November 2007 http://seenews.com/news/latestnews/romaniannationalbank-businessclimatesurvey_nov2007-143453

Romanian National Bank - Monetary Indicators, Oct 2007 Dec 11, 2007, 15:07 CET | State Agencies Reports | SeeNews At end-October 2007, broad money (M3) amounted toRON 128,873.1 million, up 1.7 percent (0.8 percent in real terms) month on month. In year-on-year comparison, broad money went up 28.8 percent, or 20.6 percent in real terms. http://seenews.com/news/latestnews/romaniannationalbank-monetaryindicators_oct2007-145940

ROMANIA’S NOV CPI +0.93% M/M, +6.67% Y/Y VS. +0.97% M/M, +6.84% Y/Y IN OCT - STATS BOARD Dec 11, 2007, 08:48 CET | Alert | SeeNews http://seenews.com/news/latestnews/_emb1000____romania_snovcpi_0_93_m_m__6_67_y_yvs__0_97_m_m__6_84_y_yinoct-082900

Romania’s Nov Inflation Slows to 0.93% M/M, 6.67% Y/Y, Fails Expectations - Table Dec 11, 2007, 08:57 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - Romania’s November consumer prices rose by 0.93%, month-on-month, after increasing by 0.97% in October, failing to meet analyst expectations of a slower rise, data from the country’s statistics institute, INS, indicated on Tuesday. http://seenews.com/news/latestnews/_emb1000____romania_snovinflationslowsto0_93_m_m_6_67_y_y_fails-table-084055

UPDATE 1 - Romania’s Nov Inflation Slows to 0.93% M/M, 6.67% Y/Y, Fails Expectations Dec 11, 2007, 09:22 CET | Story | SeeNews (adds details) http://seenews.com/news/latestnews/update1-romania_snovinflationslowsto0_93_m_m_6_67_y_y_failsexpectations-091138

UPDATE 2 - Romania’s Nov Inflation Slows to 0.93% M/M, 6.67% Y/Y, Fails Expectations Dec 11, 2007, 11:08 CET | Story | SeeNews (adds analyst comments) http://seenews.com/news/latestnews/update2-romania_snovinflationslowsto0_93_m_m_6_67_y_y_failsexpectations-103636

Erste Sees Romanian Leu as Top Yielding Currency in Central, Eastern Europe by 2010 Dec 11, 2007, 14:04 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - Austria’s Erste Bank said on Tuesday the Romanian leu would be the top yielding currency in central and eastern Europe in the next two years, with an annual yield premium of 6.2%. http://seenews.com/news/latestnews/erstesaysinvestmentsinromanianleutogive6_0_yieldin2008-2009-123825

Romanaian National Bank - Inflation Report Nov 2007 - Part X Inflation Outlook, Risks Dec 11, 2007, 14:12 CET | State Agencies Reports | SeeNews 1.4. Risks and uncertainties surrounding the projection http://seenews.com/news/latestnews/romanaiannationalbank-inflationreportnov2007-partxinflationoutlook_risks-141111

Romanian National Bank - Inflation Report Nov 2007 - Part XI Inflation Outlook, Policy Assessment Dec 11, 2007, 14:22 CET | State Agencies Reports | SeeNews 2. Policy assessment http://seenews.com/news/latestnews/romaniannationalbank-inflationreportnov2007-partxiinflationoutlook_policy-142011

Romanian City of Bacau’s 20-Yr Municipal Bond To Start Trading on Bucharest Bourse on December 13 Dec 11, 2007, 15:18 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - A 20-year leu-denominated municipal bond issue of the Romanian northeastern city of Bacau worth 35 million lei ($14.7 million/9.9 million euro) will start trading on the Bucharest Stock Exchange (BVB) on December 13, the bourse said. http://seenews.com/news/latestnews/romaniancityofbacau_s20-yrmunicipalbondtostarttradingonbucharestbourseon-144009

Romanian National Bank - Balance of Payments, Jan - Sept 2007 Dec 11, 2007, 15:28 CET | State Agencies Reports | SeeNews January through September 2007, the balance-of-payments current account posted a deficit of EUR 11,801 million. This development can be ascribed especially to the wider trade deficit, which amounted to EUR 12,265 million, up 67 percent from the same year-ago period. http://seenews.com/news/latestnews/romaniannationalbank-balanceofpayments_jan-sept2007-152132

Romanian National Bank - International Reserves of Romania C-Bank, Aug 2007 Dec 11, 2007, 15:44 CET | State Agencies Reports | SeeNews At end-August 2007, foreign exchange reserves of the National Bank of Romania came in at EUR 24,696.5 million. http://seenews.com/news/latestnews/romaniannationalbank-internationalreservesofromaniac-bank_aug2007-154337

Romanian National Bank - International Reserves of Romania C-Bank, Sept 2007 Dec 11, 2007, 15:48 CET | State Agencies Reports | SeeNews At end-September 2007, foreign exchange reserves of the National Bank of Romania amounted to EUR 25,206.9 million. http://seenews.com/news/latestnews/romaniannationalbank-internationalreservesofromaniac-bank_sept2007-154741

Romanian National Bank - International Reserves of Romania C-Bank, Oct 2007 Dec 11, 2007, 15:52 CET | State Agencies Reports | SeeNews At end-October 2007, foreign exchange reserves of the National Bank of Romania amounted to EUR 25,211 million. http://seenews.com/news/latestnews/romaniannationalbank-internationalreservesofromaniac-bank_oct2007-155052

Romanian National Bank - International Reserves of Romania C-Bank, Nov 2007 Dec 11, 2007, 15:56 CET | State Agencies Reports | SeeNews At end-November 2007, foreign exchange reserves of the National Bank of Romania amounted to EUR 25,441 million. http://seenews.com/news/latestnews/romaniannationalbank-internationalreservesofromaniac-bank_nov2007-155459

Vanguard - Market Focus - Dec 3 - 7, 2007 Dec 11, 2007, 09:38 CET | Broker’s Report | SeeNews Vanguard released its Weekly Market Report for December 3 - 7, 2007 containing the following tables: http://seenews.com/news/latestnews/vanguard-marketfocus-dec3-7_2007-093450

Ieba Trust - Romanian Market Daily - Dec 10, 2007 Dec 11, 2007, 10:56 CET | Broker’s Report | SeeNews The financial-banking sector generated 74.49% of the daily Regular market turnover http://seenews.com/news/latestnews/iebatrust-romanianmarketdaily-dec10_2007-105338

Ieba Trust - Romanian Market Weekly - Dec 3 - 7, 2007 Dec 11, 2007, 11:14 CET | Broker’s Report | SeeNews 1A. Bucharest Stock Exchange Indicators http://seenews.com/news/latestnews/iebatrust-romanianmarketweekly-dec3-7_2007-110815

Raiffeisen Capital & Investment - Investment Daily Romania - Dec 11, 2007 Dec 11, 2007, 13:05 CET | Broker’s Report | SeeNews Trader’s CommentThe week began with an impressive trading volume (EUR 39.1 mn). More than half of the volume was generated by European Investment Bank bond transactions worth EUR 20 mn, while 20% (EUR 8 mn) came from transactions with SIFs. The end of the subscription period for Transgaz IPO had a positive impact especially on the SIFs as the investors expect increased interest in the SIFs, as the amounts reimbursed following the oversubscription of the IPO could be directed towards investments in these shares. Though in the morning BET-FI showed mixed variations, the index changing from green to red and back, in the afternoon BET-FI hit the high of the day at 81547.95 pts, up 3.7% dod. Approaching closing, the enthusiasm cooled, and BET-FI closed the day just 1.48% dod.TLV stayed slightly above the closing of Friday, gaining 0.58% dod. BRD average price per share amounted to RON 25.3, 1.56% below the closing price of the previous day. Still, the end of the day brought a sudd en appreciation, BRD closing flat dod. http://seenews.com/news/latestnews/raiffeisencapital_investment-investmentdailyromania-dec11_2007-115521

Romanian Stock Market Closes Higher on Successful Transgaz IPO, Investment Funds Lead Rise Dec 11, 2007, 16:16 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - The Bucharest Stock Exchange’s (BVB) share indices gained ground on Tuesday, led by the five regionally-defined investment funds and helped by the successful initial public offering of Romania’s gas transmission company Transgaz, brokers said. http://seenews.com/news/latestnews/romanianstockmarketcloseshigheronsuccessfultransgazipo_investmentfunds-155050

Romania Schedule of Events - Dec 11 - Feb 26 Dec 11, 2007, 08:58 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through February 26. New or amended entries are marked (*). http://seenews.com/news/latestnews/romaniascheduleofevents-dec11-feb26-084711

Romanian Leu Ends A Bit Weaker despite Euro Infusion from Returning Citizens Dec 11, 2007, 16:14 CET | Story | SeeNews BUCHAREST (Romania), December 11 (SeeNews) - The Romanian leu ended a bit weaker against the euro on Tuesday, closing at 3.5190/5210 versus 3.5140/5170 lei per euro on Monday, not much affected by news on November inflation, dealers said. http://seenews.com/news/latestnews/romanianleuendsabitweakervseuro_notmovedbynovinflationdata-160433

* SERBIA *

Serbia Opens Talks with Austrian Consortium for Sale of Copper Mining/Smelting Co RTB Bor Dec 11, 2007, 12:26 CET | Story | SeeNews BELGRADE (Serbia), December 11 (SeeNews) – Serbia has started talks with an Austrian consortium for the sale of its debt-laden copper mining and smelting complex RTB Bor, the Privatisation Agency in Belgrade said on Tuesday. http://seenews.com/news/latestnews/serbiaopenstalkswithtopbidderintenderforcoppermining_smeltingcortbbor-113740

Serbia Sells Rolling Stock Company Zelvoz to Romanian Consortium for 1.15 Mln Euro Dec 11, 2007, 16:30 CET | Story | SeeNews BELGRADE (Serbia), December 11 (SeeNews) - Serbia has sold a 70% stake in its rolling stock company Zelvoz to a Romanian consortium for 1.15 million euro ($1.7 million), the state privatisation agency said on Tuesday. http://seenews.com/news/latestnews/serbiasellsrollingstockcompanyzelvoztoromanianconsortiumfor1_15mlneuro-153943

Serbian Galeb Group Opens 2.5 Mln Euro Metal Packaging Plant Dec 11, 2007, 17:16 CET | Story | SeeNews BELGRADE (Serbia), December 11 (SeeNews) – Private Serbian company Galeb Group said on Tuesday it opened a metal packaging plant worth over 2.5 million euro ($3.7 million) in the northern Serbian town of Sabac. http://seenews.com/news/latestnews/serbianprivategalebgroupopens2_5mlneurometalpackagingproductionplant-165229

S&P Says Kosovan Independence Declaration Would Be Unlikely to Affect Serbia’s Ratings Dec 11, 2007, 18:04 CET | Story | SeeNews BELGRADE (Serbia), December 11 (SeeNews) - Serbia’s sovereign credit ratings are not likely to be affected if its southern province of Kosovo declares independence, global rating agency Standard & Poor’s said on Tuesday. http://seenews.com/news/latestnews/kosovo_sindependencedeclarationunlikelytoaffectserbia_ssovereignratings—171324

War Crimes Prosecutor Del Ponte Insists on Serbia’s Full Cooperation with ICTY as Must Condition for EU Accession Dec 11, 2007, 10:34 CET | Story | SeeNews BELGRADE (Serbia), December 11 (SeeNews) - The outgoing chief prosecutor of The Hague war crimes tribunal, Carla Del Ponte, urged the European Union to make Serbia’s full cooperation with the tribunal a must condition in the country’s effort to build closer ties with the bloc. http://seenews.com/news/latestnews/delponteinsistsonserbia___sfullcooperationwithhagueasmustconditionforeu-100740

Serbia’s Nov FX Reserves Rise to $15.1 Bln - Table Dec 11, 2007, 15:02 CET | Story | SeeNews BELGRADE (Serbia), December 11 (SeeNews) - Serbia’s foreign exchange reserves held by the country’s central bank and commercial banks rose to $15.1 billion (10.3 billion euro) at the end of November from $14.54 billion at the end of October, the central bank said on Tuesday. http://seenews.com/news/latestnews/serbia_snovfxreservesriseto_15_1bln_table-144513

Vojvodjanska Banka - Daily Vobnews - Dec 11, 2007 Dec 11, 2007, 13:10 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for December 11, 2007 containing the following charts and tables: http://seenews.com/news/latestnews/vojvodjanskabanka-dailyvobnews-dec11_2007-130832

Sinteza Investment Group - Daily Market WrapUp - Dec 10, 2007 Dec 11, 2007, 13:47 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its Daily Market WrapUp for December 10, 2007, containg an overview of the Serbian Financial Market. http://seenews.com/news/latestnews/sintezainvestmentgroup-dailymarketwrapup-dec10_2007-134447

Serbian Shares End Lower in Quiet Trading Dec 11, 2007, 16:32 CET | Story | SeeNews BELGRADE (Serbia), December 11 (SeeNews) – Share indices on the Belgrade Stock Exchange (BELEX) closed lower on Tuesday in dull trading after a recent market recovery, brokers said. http://seenews.com/news/latestnews/serbiansharesenddowninquiettrading-161343

Serbia Schedule of Events - Dec 11 - Jan 2 Dec 11, 2007, 09:28 CET | Story | SeeNews BELGRADE (Serbia), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through January 2. New or amended entries are marked (*). http://seenews.com/news/latestnews/serbiascheduleofevents-dec11-jan2-092109

Democratic Party of Kosovo Starts Talks To Form Government Coalition Dec 11, 2007, 11:54 CET | Story | SeeNews PRISTINA (Serbia), December 11 (SeeNews) - The Democratic Party of Kosovo (PDK), which won the most votes in the general election held in the Serbian province on November 17, on Tuesday started talks to form a government coalition, the party said. http://seenews.com/news/latestnews/kosovodemocraticpartystartstalkstoformcoalition-110352

* SLOVENIA *

Shares in Slovenia’s NKBM Bank Extend Gains, Further Rise Seen Dec 11, 2007, 12:35 CET | Story | SeeNews LJUBLJANA (Slovenia), December 11 (SeeNews) - Shares in Slovenia’s second-largest bank by assets, Nova Kreditna Banka Maribor (NKBM), gained a further 2.81% in their second day of trading on the Ljubljana Stock Exchange (LJSE) on Tuesday morning and brokers expect the price to rise further in the medium term. http://seenews.com/news/latestnews/sharesinslovenia___snkbmbankextendgains_seenfurtherup-122423

ANALYST FORECAST - Slovenia’s Economic Growth To Slow in 2008 but Will Remain Above 4.0% Dec 11, 2007, 11:58 CET | Analysis | SeeNews LJUBLJANA (Slovenia), December 11 (SeeNews) - Slovenia’s economic growth is expected to slow down in 2008 after rising significantly this year but will remain above 4.0%, fueled mainly by investments in the construction sector, analysts said. http://seenews.com/news/latestnews/analystforecast-slovenia___seconomicgrowthseenslowingdownin2008_buttokeep-162355

Slovenian Stock Indices Fall Further, NKBM Bank Extends Gains Dec 11, 2007, 16:44 CET | Story | SeeNews LJUBLJANA (Slovenia), December 11 (SeeNews) - Slovenian stock indices fell further on Tuesday with shares in the country’s second largest bank by assets, Nova Kreditna Banka Maribor (NKBM), gaining 2.87% on their second day of trading, brokers said. http://seenews.com/news/latestnews/slovenianstockindicesfallfurther_nkbmbankextendsgains-162818

Slovenia Schedule of Events - Dec 11-Dec 27 Dec 11, 2007, 08:01 CET | Story | SeeNews LJUBLJANA (Slovenia), December 11 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Slovenia through December 27. New or amended entries are marked (*). http://seenews.com/news/latestnews/_hold__sloveniascheduleofevents-dec11-dec27-180240

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