Centro Studi Europa dell’Est - news del 23.01.2008 - powered by www.seenews.com

NEWS DEL 23.01.2008

* ALBANIA *

Albania Sells 2.5 Bln Leks (20.5 Mln Euro) in 3-mo T-Bills, Yields Fall Jan 23, 2008, 13:37 CET | Story | SeeNews TIRANA (Albania), January 23 (SeeNews) - Albania’s central bank sold 2.5 billion leks ($29.9 million/20.5 million euro) in three-month Treasury bills at an auction held on Tuesday, the bank said. http://seenews.com/news/latestnews/albaniasells2_5blnleks_20mlneuro_in3-mot-bills_yieldsfall-130404

* BOSNIA *

Sweden To Grant 3.0 Mln Euro To Back Bosnia’s Judiciary Jan 23, 2008, 12:54 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 23 (SeeNews) - The Swedish government will grant 3.0 million euro ($4.4 million) to Bosnia’s judiciary in support of an upgrade of its information system, Bosnia’s highest judicial body said on Wednesday. http://seenews.com/news/latestnews/swedentoprovide3_0mlneurotobackbosnia_sjudiciary-121148

Bosnia’s Federation Asks 185,000 Euro for Meat Processing Company Simes Jan 23, 2008, 13:13 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 23 (SeeNews) - Bosnia’s Muslim-Croat Federation on Wednesday asked a minimum price of 362,000 marka ($271,000/185,000 euro) for 100% of meat processing company Simes. http://seenews.com/news/latestnews/bosnia_sfederationasks185_000euroformeatprocessingfirmsimes-101902

Bosnian Serb Development Bank To Allot 145 Mln Euro in 2008 Loans - Media Jan 23, 2008, 13:34 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), January 23 (SeeNews) – The Investment and Development Bank (IRB) of Bosnia’s Serb Republic will allocate 287 million marka ($214 million/145 million euro) this year to support business start-ups, micro businesses, farming, housing construction and local self-government in the region, Bosnian media reported on Wednesday. http://seenews.com/news/latestnews/bosnianserbdevelopmentbanktoallot145mlneuroin2008loans-media-120917

Bosnia Federation To Offer 16% of Coking Plant Lukavac on Bourse in February Jan 23, 2008, 16:58 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 23 (SeeNews) - Bosnia’s Muslim-Croat Federation will offer 16% of state-controlled coking plant KHK Lukavac on the Sarajevo Stock Exchange (SASE), most probably in mid-February, a government official said on Wednesday. http://seenews.com/news/latestnews/bosniafederationtooffer16_ofcokingplantlukavaconbourseinfebruary-161855

Bosnia Peace Envoy Calls for Fast Adoption of 2008 Central Budget Jan 23, 2008, 16:18 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 23 (SeeNews) – The top international peace envoy in Bosnia, Miroslav Lajcak, on Wednesday urged better coordination among the country’s institutions in adopting the 2008 central budget, already almost a month late. http://seenews.com/news/latestnews/bosniapeaceenvoyurgesfasteradoptionof2008centralbudget-151843

Bosnia Schedule of Events – Jan 23 - May 9 Jan 23, 2008, 09:51 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), January 23 (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 (*). http://seenews.com/news/latestnews/bosniascheduleofevents___jan23-may9-094644

* BULGARIA *

BSE - Daily Bulletin, Selected Announcements - Jan 22, 2008 Jan 23, 2008, 09:22 CET | Specialists Reports | SeeNews BSE-Sofia has received an application for registration of an issue of shares on the Unofficial Market of Equities, "A" Segment, as follows:- Issuer: Sopharma Trading AD- ISIN: BG1100086070- Amount of the issue: BGN 30,000,000- Nominal value per share: BGN 1.00- BSE code: SFTRD http://seenews.com/news/latestnews/bse-dailybulletin_selectedannouncements-jan22_2008-092254

Bulgarian Enemona, CBA Asset Management Rise on Debut Jan 23, 2008, 12:14 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) - Bulgarian engineering and construction company Enemona and food retailer CBA Asset Management posted rises on their debut on the Bulgarian Stock Exchange on Wednesday, brokers said. http://seenews.com/news/latestnews/bulgarianenemona_cbaassetmanagementriseondebut-120850

Bulgarian Medical Equipment Manufacturer Etropal 2007 Net Profit Almost Triples Jan 23, 2008, 12:47 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) - Etropal, the medical equipment unit of financial and industrial group Eurohold Bulgaria, nearly tripled its net profit to 1.2 million levs ($927,000/637,000 euro) in 2007 as revenue rose faster than costs, Eurohold said on Wednesday. http://seenews.com/news/latestnews/bulgarianmedicalequipmentproduceretropalmorethantriples2007netprofit-122643

Bulgaria Extends Ban of Power Exports Until Jan 31 Jan 23, 2008, 12:51 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) - Bulgaria has extended a ban on electricity exports by two weeks until the end of January as sub-freezing temperatures caused a rise in domestic consumption, Economy and Energy Minister Petar Dimitrov said on Wednesday. http://seenews.com/news/latestnews/bulgariaextendscutofpowerexportsbyjan31-122209

EBRD Lends 15 Mln Euro to UniCredit’s Bulgarian Arm for Energy Efficiency Projects Jan 23, 2008, 13:27 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) and Bulgaria’s UniCredit Bulbank on Wednesday agreed a 15 million euro loan ($21.8 millio) to help the country’s industries raise their energy efficiency. http://seenews.com/news/latestnews/ebrdlends15mlneurotobulgaria_sunicreditbulbankforenergyefficiencyprojects-122038

Bulgarian MKB Unionbank 2007 Net Profit Rises Over Five Times Jan 23, 2008, 13:43 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) - Bulgaria’s MKB Unionbank, majority-owned by Hungary’s MKB Bank, said on Wednesday it raised its 2007 net profit more than five times to 7.5 million levs ($5.6 million/3.8 million euro) as its credit portfolio doubled. http://seenews.com/news/latestnews/bulgarianmkbunionbank2007netprofitrisesoverfivetimes-130755

Bulgaria 2007 Housing Prices Up 29% Y/Y Jan 23, 2008, 14:17 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) - Bulgarian housing prices rose by 29% year-on-year in 2007 with apartment prices rising fastest in the town of Targovishte, in northeastern Bulgaria, the National Statistics Institute (NSI) said on Wednesday. http://seenews.com/news/latestnews/bulgaria2007housingpricesup28_9_y_y_q4___07pricesrise8_8_q_q-130619

Bulgaria’s Central Cooperative Bank Gets Regulatory Nod to Buy Macedonia’s Sileks Banka for 878.6 Mln Denars (14.2 Mln Euro) Jan 23, 2008, 16:30 CET | Story | SeeNews SKOPJE (Macedonia), January 23 (SeeNews) - Macedonia’s securities commission said on Wednesday it has allowed Bulgaria’s Central Cooperative Bank (CCB) to buy Macedonian private commercial bank Sileks Banka for 878.6 million denars ($20.7 million/14.2 million euro). http://seenews.com/news/latestnews/bulgariancentralcooperativebankgetsregulatorynodtobuymacedonia_ssileksfor-142950

EBRD To Lend 53.8 Mln Euro to Sofia Water Utility Co to Finance Upgrades Jan 23, 2008, 17:12 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Wednesday it plans to lend 53.8 million euro ($78 million) to the water utility company of the Bulgarian capital Sofia, Sofiyska Voda, to finance the modernisation of the company’s water and sewage network. http://seenews.com/news/latestnews/ebrdplanstolend53_8mlneurotobulgarianwaterutilitysofiyskavodaforupgrades-164307

Bulgaria Pushes Largest Steel Mill Kremikovtzi To Invest in Environmental Protection To Prevent Shutdown Jan 23, 2008, 17:28 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) - Bulgaria’s Economy and Energy Minister Petar Dimitrov on Wednesday urged the country’s largest steel mill Kremikovtzi, majority owned by Indian steel maker Ispat Industries, to speed up efforts to implement environment protection projects to prevent its shutdown and striking workers protested at poor management at the plant. http://seenews.com/news/latestnews/bulgariamay_verydifficultheadline_-151830

Bulgaria’s Sparky AD Gets Green Light to Go Public Jan 23, 2008, 17:56 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) – Bulgaria’s financial watchdog on Wednesday gave the green light to farm machines producer Sparky AD for going public. http://seenews.com/news/latestnews/bulgaria___ssparkyadgetsgreenlighttogopublic-165534

Bulgarian Meat Processor Mekom Extends IPO Subscription Period Jan 23, 2008, 18:34 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) – Bulgarian meat processor Mekom will extend the subscription period for its initial public offering (IPO) by 44 days due to the slump of the domestic capital market prompted by global stock exchange falls, the company said on Wednesday. http://seenews.com/news/latestnews/bulgarianmeatprocessormekomextendsiposubscriptionperiod-181745

Possible Global Slowdown Unlikely to Impact Bulgaria Severely - Deputy Fin Min Jan 23, 2008, 14:49 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) – A possible global slowdown amid fears of a recession in the U.S., the world’s largest economy, is unlikely to badly affect Bulgaria as it is not yet closely integrated with international markets, Deputy Finance Minister Lyubomir Datsov said on Wednesday. http://seenews.com/news/latestnews/possibleglobalslowdownunlikelytoimpactbulgariaseverely-deputyfinmin-131123

Bulgaria Needs to Raise Usage of Renewable Energy to 16% by 2020 - European Commission Jan 23, 2008, 18:09 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) – The European Union on Wednesday said Bulgaria needs to meet a 16% target of renewables in its final energy demand by 2020, compared to less than one percent in 2005. http://seenews.com/news/latestnews/bulgarianeedstoraiseusageofrenewablesto16_by2020-eu-175524

Bulgarian Stock Indices End Mostly Up, Buyers Still Cautious Jan 23, 2008, 15:29 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) – Most Bulgarian stock indices ended ahead on Wednesday after panic selling the previous day but buyers remain cautious, brokers said. http://seenews.com/news/latestnews/bulgarianstockindicesendmostlyup_buyersstillcautious-142346

FFBH - Bulgaria Morning Update - Jan 23, 2008 Jan 23, 2008, 15:41 CET | Broker’s Report | SeeNews MARKET WRAP-UPThe market made the most significant step back in its history on Tuesday. The deep red moves in Asia early in the morning gave another reason for the sellers to go beyond what we usually call aggressive. Only 15 minutes were necessary for them to completely wipe out the bid side of Chimimport (CHIM, BGN 10.24, -12.63%), Central Cooperative Bank (CCB, BGN 7.18,- 6.63%) and Monbat (MONBAT, BGN 21.33, -11.01%). The session was even stopped for close to 40 minutes due to technical problems and after it resumed the sellers continued where they had left the job unfinished. However, later during the day, buyers saw some great opportunities and very fast restored the balance between supply and demand, not too far from the previous closings. At the end SOFIX closed at 1384.29, losing only 0.55% and BG40 scored a "minor" 0.93% down move to 395.32 bps. Among the double figure losers were M+S Hydraulics (MCH, BGN 9.00, -20.07%), Euroins Insurance (EURINS, BGN 10.50, -17.00% ), Toplivo (TOPL, BGN 20.67, -15.49%) and Fazerles (FZLES, BGN180.76, -14.69%). http://seenews.com/news/latestnews/ffbh-bulgariamorningupdate-jan23_2008-154000

Bulgaria Schedule of Events - Jan 23 - March 20 Jan 23, 2008, 08:31 CET | Story | SeeNews SOFIA (Bulgaria), January 23 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in, or related to, Bulgaria through March 20. New or amended entries are marked (*). http://seenews.com/news/latestnews/bulgariascheduleofevents-jan23-march20-075933

* CROAZIA *

Croatian REIT Quaestus Nekretnine Eyes 250 Mln Kuna (34 Mln Euro) in IPO Jan 23, 2008, 12:35 CET | Story | SeeNews ZAGREB (Croatia), January 23 (SeeNews) – Croatian fund manager Quaestus Invest aims to raise 250 million kuna ($50 million/34 million euro) in the initial public offering of its first real estate investment trust (REIT), Quaestus Nekretnine, the company said on Wednesday. http://seenews.com/news/latestnews/croatianreitquaestusnekretnineaimstoraise250mlnkuna_34mlneuro_inipo-095914

Fall in Croatian Share Indices Slows down in Rising Turnover Jan 22, 2008, 18:59 CET | Story | SeeNews ZAGREB (Croatia), January 22 (SeeNews) – The Croatian share indices ended lower on Tuesday although their fall was not as dramatic as it was on Monday, while turnovers rose in another "volatile and exciting" session on the Zagreb bourse amid turmoil on international equity marekts, brokers said. http://seenews.com/news/latestnews/croatianshareindicesfallslowsdownbutturnoverrises-183723

FIMA Stock Monitor - Daily - Jan 22, 2008 Jan 23, 2008, 09:34 CET | Broker’s Report | SeeNews Daily comment:Another volatile and exciting day is behind us. The popular benchmark, CROBEX, closed downy by 2,1%. During the session it was down as much as 5,7% at 4351,21 points, but also reached a positive territory before midsession. The turnover was quit high at HRK 195,4 million. Fed`s 0,75% cut in interest rate had almost no impact on domestic market, while European markets restored opening losses and closed in black after FED`s announcement. Domestic economic releases also were not positive as industrial production data showed December 2007 / December 2006 rise of 1,4%, a slowdown from 2,5% growth in November 2007. When looking at historical turnovers in bearish days, one can notice that the majority of falls were made on low turnovers, and this situation was explained as dumb money coming out and smart money coming in. In today`s case this could be applied when explaining high HT (HT-RA) turnover, due to the high retail stake acquired in recent IPO, while other stock s need different explanation. As we mentioned, integrated telecom HT was the top liquid issue, collecting HRK 28 million in turnover. Stabilization on dry bulk market, with BDI`s rise of 0,8%, after a period of decline, did not help domestic shipping companies to stay immune on global movements. Dubrovnik based Atlantska plovidba (ATPL-R-A) fell by 0,7%, Uljanik plovidba (ULPL-R-A) remained unchanged and Jadroplov (ULPL-R-A) closed 2,3% down. Food and agricultural company Podravka (PODR-R-A), was the only millionaire that managed to close in black. http://seenews.com/news/latestnews/fimastockmonitor-daily-jan22_2008-092916

Erste Securities - Croatian Equity Daily - Jan 23, 2008 Jan 23, 2008, 15:25 CET | Broker’s Report | SeeNews Highlights: http://seenews.com/news/latestnews/erstesecurities-croatianequitydaily-jan23_2008-151958

Croatia Schedule of Events - Jan 23 - May 17 Jan 23, 2008, 09:37 CET | Story | SeeNews ZAGREB (Croatia), January 23 (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 (*). http://seenews.com/news/latestnews/croatiascheduleofevents-jan23-may17-093323

* MACEDONIA *

Macedonia Plans to Build 300 MW Co-generation Plant Worth 250 Mln Euro - Media Jan 23, 2008, 14:21 CET | Story | SeeNews SKOPJE (Macedonia), January 23 (SeeNews) - Macedonia plans to call an international tender by the end of February for the construction of a gas-fired co-generation plant in Skopje worth some 250 million euro ($364 million), Macedonian media reported on Wednesday. http://seenews.com/news/latestnews/macedoniaplanstobuild300mwco-generationplantworth250mlneuro-media-132124

Macedonia’s Alkaloid Cancels Sale of 25% Stake in Pharmacy Chain to Zegin, Sells It to Pharmacorp Instead Jan 23, 2008, 16:26 CET | Story | SeeNews SKOPJE (Macedonia), January 23 (SeeNews) - Macedonian pharmaceutical company Alkaloid said on Wednesday it has canceled the sale of its 25% stake in local pharmacy chain Gradski Apteki-Skopje to another shareholder, local company Zegin, and has sold the stake to a third shareholder, Pharmacorp, instead. http://seenews.com/news/latestnews/macedonianalkaloidsellsshareindomesticpharmacychaintopharmacorp_cancels-131855

Bulgaria’s Central Cooperative Bank Gets Regulatory Nod to Buy Macedonia’s Sileks Banka for 878.6 Mln Denars (14.2 Mln Euro) Jan 23, 2008, 16:30 CET | Story | SeeNews SKOPJE (Macedonia), January 23 (SeeNews) - Macedonia’s securities commission said on Wednesday it has allowed Bulgaria’s Central Cooperative Bank (CCB) to buy Macedonian private commercial bank Sileks Banka for 878.6 million denars ($20.7 million/14.2 million euro). http://seenews.com/news/latestnews/bulgariancentralcooperativebankgetsregulatorynodtobuymacedonia_ssileksfor-142950

Macedonian C-bank Absorbs 4.492 Bln Denars (72.7 Mln Euro) in 28-day Repo Funds Jan 23, 2008, 13:56 CET | Story | SeeNews SKOPJE (Macedonia), January 23 (SeeNews) - Macedonia’s central bank, NBRM, said it absorbed on Wednesday 4.492 billion denars ($106.1 million/72.7 million euro) in 28-day repo funds from the banking system. http://seenews.com/news/latestnews/macedonianc-bankabsorbs4_492blndenars_72_7mlneuro_in28-dayrepofunds-133419

Yields Fall on Macedonian 91-day T-bills, Rise on One-Year T-bills Jan 23, 2008, 15:17 CET | Story | SeeNews SKOPJE (Macedonia), January 23 (SeeNews) - The yield on Macedonian three-month Treasury bills fell while that on one-year Treasury bills rose at an auction on Wednesday, central bank data showed. http://seenews.com/news/latestnews/macedonian91-dayt-billyieldfall_182-dayyieldrise-131625

* MOLDOVA *

Latvian Bridge Construction Company Latvijas Tilti To Sell Moldovan Unit Jan 23, 2008, 15:22 CET | Story | SeeNews CHISINAU (Moldova), January 23 (SeeNews) - Latvian bridge construction company Latvijas Tilti said on Wednesday it will sell its Moldovan subsidiary LTM Poduri. http://seenews.com/news/latestnews/latvia_slatvijastiltitosellitsunitinmoldova-142403

Moldova Sells 12 Mln Lei (728,300 Euro) in 2-yr T-Notes Jan 23, 2008, 15:22 CET | Story | SeeNews CHISINAU (Moldova), January 23 (SeeNews) - Moldova’s central bank, BNM, said it sold 12 million lei ($1.05 million/728,300 euro) worth of two-year Treasury notes on Wednesday. http://seenews.com/news/latestnews/moldovasells728_300euroin2-yrt-notes-144010

Moldova Schedule of Events - Jan 23 - Feb 21 Jan 23, 2008, 12:09 CET | Story | SeeNews CHISINAU (Moldova), January 23 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through February 21. New or amended entries are marked (*) http://seenews.com/news/latestnews/moldovascheduleofevents-jan23-feb21-101017

* MONTENEGRO *

Montenegro To Contract Dutch ECORYS to Conduct Study on Public-Private Partnerships for Motorways Construction Jan 23, 2008, 14:13 CET | Story | SeeNews PODGORICA (Montenegro), January 23 (SeeNews) - Montenegro’s Transport Ministry said it will sign a contract for Dutch consultancy ECORYS to conduct a study on the parameters of future public-private partnerships (PPP) for the construction of some 280 kilometres of motorways. http://seenews.com/news/latestnews/montenegropicksdutchecorystoconductstudyonpublic-privatepartnershipsfor-120957

Montenegro Gets Four Bids for Sale of Land-rich Agriculture Firm Montepranzo-Bokaprodukt Jan 23, 2008, 15:13 CET | Story | SeeNews PODGORICA (Montenegro), January 23 (SeeNews) – Montenegro said it has received four bids for the sale of its 75% stake in agriculture company Montepranzo-Bokaprodukt. http://seenews.com/news/latestnews/montenegrogetsfourbidsforsaleofland-richagriculturefirm-141029

* ROMANIA *

Italian Insurer Fondiaria-Sai Interested in Romanian Peer Asiban - Fondiaria Official Jan 22, 2008, 19:05 CET | Story | SeeNews BUCHAREST (Romania), January 22 (SeeNews) – Italian insurer Fondiaria-Sai is interested in acquiring a stake in Romanian peer Asiban, a Fondiaria official said on Tuesday. http://seenews.com/news/latestnews/italy___sinsurancecofondiaria-saisaysinterestedinromanianinsurerasiban-160917

Hungarian Low-Cost Carrier Wizz Air Returns Bucharest Flights to Baneasa Intl Airport Jan 22, 2008, 19:41 CET | Story | SeeNews BUCHAREST (Romania), January 22 (SeeNews) - Hungarian low-cost carrier Wizz Air has returned all of its four Romanian flights to the Baneasa international airport in Bucharest, the airline said on Tuesday. http://seenews.com/news/latestnews/hungarianlow-costcarrierwizzairreturnsbucharestflightstobaneasaintl-151323

Romanian Online Electronics Retailer eMAG Plans to Double Turnover in 2008 Jan 23, 2008, 12:34 CET | Story | SeeNews BUCHAREST (Romania), January 23 (SeeNews) - Romanian online electronics retailer eMAG plans to double its turnover to 140-150 million euro ($204-219 million) this year, it said on Wednesday. http://seenews.com/news/latestnews/romanianonlineelectronicsretaileremagplanstodoubleturnoverin2008-122314

Coface Keeps Romania’s Country Rating at ’A4-’, Outlook Negative on Macroeconomic Instability Jan 23, 2008, 15:12 CET | Story | SeeNews BUCHAREST (Romania), January 23 (SeeNews) - French credit insurance agency Coface said on Wednesday it kept Romania’s country risk at ’A4-’, which it assigned in October, and also maintained a negative outlook due to the country’s deteriorating macroeconomic stability. http://seenews.com/news/latestnews/cofacekeepsromania_scountryratingat_a4-__outlooknegativeonmacroeconomic-141758

U.S. Morgan Stanley Acquires 51% in Romanian Brokerage HTI Valori Mobiliare Jan 23, 2008, 18:24 CET | Story | SeeNews BUCHAREST (Romania), January 23 (SeeNews) – U.S. investment bank Morgan Stanley said on Wednesday it had acquired a 51% stake in Romanian brokerage HTI Valori Mobiliare for an undisclosed sum. http://seenews.com/news/latestnews/u_s_morganstanleyacquires51_inromanianbrokeragehtivalorimobiliare-174444

Romania Sells 521.7 Mln Lei (139 Mln Euro) One-year T-Bills, Below Target Jan 23, 2008, 17:02 CET | Story | SeeNews BUCHAREST (Romania), January 23 (SeeNews) - Romania on Wednesday sold 521.7 million lei ($202.7 million/138.9 million euro) worth of one-year discount T-bills, roughly half of the one billion lei on offer, the country’s central bank said. http://seenews.com/news/latestnews/_fordoini_romaniasells521_7mlnlei_euro_1-yrt-bills_belowtarget-161709

Ieba Trust - Romanian Market Daily - Jan 22, 2008 Jan 23, 2008, 09:53 CET | Broker’s Report | SeeNews BET and BET-C reached the lowest level of the last 12 months http://seenews.com/news/latestnews/iebatrust-romanianmarketdaily-jan22_2008-093915

Raiffeisen Capital & Investment - Investment Daily Romania - Jan 23, 2008 Jan 23, 2008, 15:33 CET | Broker’s Report | SeeNews Trader’s CommentAfter the dramatic fallsof the European markets of Monday and the consistent losses of the Asian stock markets, the local stock exchange plunged at Tuesday opening, BET dropping 7.6% and BET-FI 6.8%. The banks saw the largest depreciations at the start of trading, both BRD and TLV hitting the lows of the day at RON 18.8 and RON 0.67 per share respectively, down 10.5% and 9.1% against the closing of Monday. After the wave of panic receded, the market succeeded to recover half of the losses reported at opening. The comeback was generated by some large buy orders at the low price levels. The local exchange seems for the moment strongly correlated with the international markets, and we expect todays opening to follow the trend on the US and Asian stock exchanges.In the newsFondiaria interested in taking over Asiban insurerAccording to media reports, Fondiaria-SAI, Italy’s second-largest insurer, is interested in taking over Asiban, one of the largest players on th e Romanian insurance market, which was put up for sale in the second half of 2007 by its four shareholders: BCR, BRD-SocGen (BRD), The Romanian Savings Bank (CEC) and Banca Transilvania (TLV), each with a 25% stake. Fondiaria officials, cited by the local media, said they will take part in the tender for Asiban. The media also mentioned Groupama (France), Uniqa (Austria), AXA (France), Generali (Italy), Aegon (Holland), Eureko (Holland) and Munich Re (Germany) as possible buyers. Asiban shareholders previously said they expect the sale to be completed in the next few months.We expect the deal to be closed this year and our conservative estimation is that both BRD-GSG and Banca Transilvania will report one-off net gains of RON 75 mn from the sale of Asiban.Flamingo repurchases 5 mn sharesIn a release to the Bucharest Stock Exchange (BVB), Flamingo International (FLA) announced that it has acquired 5 mn of its own shares or 0.65% of its share capital in a deal transaction. The transaction took place at RON 0.3 per share and amounted to RON 4 mn (EUR 1.2 mn). Flamingo shareholders approved on October 2007 the repurchase of 7.7 mn shares (0.98% of the share capital). Part of the shares, 5.5 mn, will be allotted to Flamingo employees as bonus, while the rest will be used for the employees Share Option Plan.SIF Muntenia participate in Unirea Shopping Center share capital increaseSIF Muntenia (SIF4) announced it has subscribed RON 10 mn (EUR2.7 mn) in Unirea Shopping Center (SCDM) share capital increase. SCDM operates a large shopping center (44,000 sqm) in the center of Bucharest. The main shareholder of the company is Nova Trade, with a stake of 65.4%, which contributed in kind to the share capital increase with the parking space near the shopping center. SIF4 owns 9.1% of the company. http://seenews.com/news/latestnews/raiffeisencapital_investment-investmentdailyromania-jan23_2008-153035

Romanian Bourse Indices End Down in Low Liquidity Jan 23, 2008, 18:01 CET | Story | SeeNews BUCHAREST (Romania), January 23 (SeeNews) - Romanian stock indices gained ground in early trade on Wednesday but lost steam to close down amid low turnover with investors still wary after the steep falls of the past two days, brokers said. http://seenews.com/news/latestnews/romanianbourseindicesenddowninlowliquidity-171828

Romania Schedule of Events - Jan 23 - April 22 Jan 23, 2008, 09:38 CET | Story | SeeNews BUCHAREST (Romania), January 23 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through April 22. New or amended entries are marked (*). http://seenews.com/news/latestnews/romaniascheduleofevents-jan23-april22-090312

Romanian Leu Ends Steady vs Euro in Calm Trade Jan 23, 2008, 16:57 CET | Story | SeeNews BUCHAREST (Romania), January 23 (SeeNews) - The Romanian leu ended steady against the euro on Wednesday in calm trade, dealers said. http://seenews.com/news/latestnews/romanianleuendssteadyvseuroincalmtrade-163342

* SERBIA *

Serbia Says First-ranked Bidder for River Shipping Company JRB Quits Sale Talks Jan 23, 2008, 14:24 CET | Story | SeeNews BELGRADE (Serbia), January 23 (SeeNews) – The top bidder for Serbian state-owned river shipping company Jugoslovensko Recno Brodarstvo (JRB), a consortium of Cyprus-registered Tamoza Trading and Singapore-based Daxin Petroleum Pte, is withdrawing from the sale talks, the government’s asset-selling agency said. http://seenews.com/news/latestnews/firstrankedconsortiuminprivatisationofrivershippingcompanyjrbquitssale-123024

Slovenia’s Top Bank NLB To Buy Out Minorities of Serbian Subsidiary Jan 23, 2008, 15:48 CET | Story | SeeNews BELGRADE (Serbia), January 23 (SeeNews) - Slovenia’s largest bank by assets, Nova Ljubljanska Banka (NLB), said on Wednesday it seeks to buy out minorities of one of its two Serbian units, NLB Continental Banka. http://seenews.com/news/latestnews/slovenia_stopbanknlbtosqueezeminoritiesofserbiansubsidiary-145159

Kosovo Picks Buyer for 300 Ha of Farm Land for 12.34 Mln Euro Jan 23, 2008, 18:08 CET | Story | SeeNews PRISTINA (Serbia), January 23 (SeeNews) - The privatisation authority in the U.N.-run Serbian province of Kosovo said on Wednesday it had selected provisionally a buyer of 300 hectares of agricultural land, offering to pay 12.34 million euro ($17.99 million). http://seenews.com/news/latestnews/kosovopicksbuyerfor300haoffarmlandfor12_34mlneuro-162748

Kosovo PM Thaci Says Kosovo Independence Date to Be Set in Days Jan 22, 2008, 19:32 CET | Story | SeeNews PRISTINA (Serbia), January 22 (SeeNews) - The date, when Kosovo will declare its independence from Serbia, will be set in the coming days, Kosovo Prime Minister Hashim Thaci said on Tuesday. http://seenews.com/news/latestnews/dateonkosovoindependencetobesetindays___kosovopm-190549

Serbian Indices End Lower Pressured by Global Correction in Trebled Turnover Jan 22, 2008, 18:47 CET | Story | SeeNews BELGRADE (Serbia), January 22 (SeeNews) – The share indices of the Belgrade Stock Exchange (BELEX) closed lower on Tuesday in tune with falls on global markets but turnover more than trebled, sending a positive signal, brokers said. http://seenews.com/news/latestnews/serbianindicesenddownpressuredbyglobalcorrectionintrebledturnover-172537

Vojvodjanska Banka - Daily Vobnews - Jan 23, 2008 Jan 23, 2008, 15:47 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for January 23, 2008 containing the following charts and tables: http://seenews.com/news/latestnews/vojvodjanskabanka-dailyvobnews-jan23_2008-154601

Sinteza Investment Group - Daily Market WrapUp - Jan 21, 2008 Jan 23, 2008, 15:55 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its Daily Market WrapUp for January 21, 2008, containg an overview of the Serbian Financial Market http://seenews.com/news/latestnews/sintezainvestmentgroup-dailymarketwrapup-jan21_2008-155349

Belgrade Shares Close Down in Dull Trading Jan 23, 2008, 18:15 CET | Story | SeeNews BELGRADE (Serbia), January 23 (SeeNews) – The indices on the Belgrade Stock Exchange (BELEX) ended down on Wednesday in routine trading, brokers said. http://seenews.com/news/latestnews/belgradesharesclosedownindulltrading-172850

Serbia Schedule of Events - Jan 23 - May 18 Jan 23, 2008, 09:34 CET | Story | SeeNews BELGRADE (Serbia), January 23 (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 (*). http://seenews.com/news/latestnews/scheduleofevents-jan23-may18-084449

* SLOVENIA *

Nokia Siemens Wins I-HSPA order from Slovenia’s T-2 Jan 23, 2008, 15:01 CET | Story | SeeNews LJUBLJANA (Slovenia), January 23 (SeeNews) - Nokia Siemens Network is supplying leading Slovenian IPTV and Internet service provider T-2 with an innovative high-speed mobile network that will allow the operator to offer new top-quality multimedia and data services, Nokia Siemens Networks said on Wednesday. http://seenews.com/news/latestnews/nokiasiemenswinsi-hspaorderfromslovenia___st-2-145417

Slovenian Stock Indices Reverse Falls Jan 23, 2008, 16:48 CET | Story | SeeNews LJUBLJANA (Slovenia), January 23 (SeeNews) - Slovenian stock indices reversed their falls on Wednesday influenced by the improved situation on foreign markets after the sharp losses of the previous two days, brokers said. http://seenews.com/news/latestnews/slovenianstockindicesreversefalls-160937

UPDATE 1 - Slovenian Stock Indices Reverse Falls Jan 23, 2008, 17:36 CET | Story | SeeNews (adds share prices, total turnover) http://seenews.com/news/latestnews/update1-slovenianstockindicesreversefalls-170458

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Ad integrazione del news forniteci dalla Seenews è utile consultare il sito BALCANIONLINE attivato dall’Istituto Nazionale per il Commercio Estero con il preciso scopo di aggiornare in tempo reale su quanto accade nei Balcani.

B. L’iniziativa economica italiana nei Balcani.