SEENEWS – news report of 13.05.2008

News report of 13.05.2008

* Albania *

Albania Sells 2.3 Bln Leks (19 Mln Euro) in 3-mo T-Bills, Yields Fall May 13, 2008, 14:22 CET | Story | SeeNews TIRANA (Albania), May 13 (SeeNews) - Albania’s central bank sold 2.3 billion leks ($29.35 million/18.96 million euro) in three-month Treasury bills at an auction on Tuesday as yields fell slightly, the bank said. link

IMF Urges Albania To Improve Financial Stability of Power Utility KESH May 13, 2008, 16:23 CET | Story | SeeNews TIRANA (Albania), May 13 (SeeNews) - The International Monetary Fund (IMF) said on Tuesday Albania should improve the financial state of state-owned power utility KESH as it causes big losses to the state budget. link

* Bosnia *

Bosnian Aluminium Smelter Aluminij Considers Construction of Thermal Power Plant - Media May 13, 2008, 11:19 CET | Story | SeeNews MOSTAR (Bosnia and Herzegovina), May 13 (SeeNews) - Bosnia’s sole aluminium smelter Aluminij Mostar has commissioned a feasibility study for the construction of a thermal power plant on the site of the smelter, a local daily reported on Tuesday. link

Bosnia Schedule of Events - May 13 - Oct 29 May 13, 2008, 09:41 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), May 13 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through October 29. New or amended entries are marked (*). link

* Bulgaria *

Take-Up in Bulgaria’s Office Mkt To Grow 20% Yearly by 2010 – Industry Official May 13, 2008, 13:15 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) – Take-up in Bulgaria’s office market is expected to grow by some 20% yearly by 2010, a senior executive of Sofia-based real estate consultant Forton International said on Tuesday. link

INTERVIEW - Bulgarian Govt Unikely To Go for Deep Reforms Ahead of 2009 Polls – Analyst May 13, 2008, 15:43 CET | Interview | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgaria’s Socialist-led coalition government is unlikely to embark on any significant reform by the end of its term of office next year, maintaining the status quo and trying to increase its chances to win the 2009 elections, a local economic analyst said. link

Bulgarian Stock Exchange - Daily Bulletin, Selected Announcements - May 12, 2008 May 13, 2008, 08:54 CET | Specialists Reports | SeeNews BSE-Sofia informs all its members that the auction pursuant to Art. 112b (7) of the POSA for sale of rights of the capital increase of Alfa Credit SPV-Sofia, BSE code - R3ALCR, shall not take place on 13.05.2008 (Tuesday) in view of the fact that the rights have been entirely exercised. link

Bulgaria’s Kaolin To Pay Total 3.8 Mln Euro in 2007 Dividend May 13, 2008, 09:54 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgarian mineral extracting and processing company Kaolin plans to pay shareholders a total of 7.5 million levs ($6.0 million/3.8 million euro) in dividend for 2007, the company said on Tuesday. link

Moody’s Downgrades Bulgarian Steel Mill Kremikovtzi to Ca, Outlook Stable May 13, 2008, 10:02 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Moody’s late on Monday downgraded the corporate family rating of Bulgarian steel mill Kremikovtzi to Ca from Caa3 as the outlook is stable. link

Bulgarian First Investment Bank Reports 6.8% Market Share at End-March May 13, 2008, 12:35 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgaria’s First Investment Bank (FIB) said on Tuesday it had a 6.8% market share in terms of assets at the end of March, ranking the sixth largest lender on the domestic banking market. link

BULGARIA’S CENTRAL COOPERATIVE BANK SAYS PLANS TO SKIP 2007 DIVIDEND May 13, 2008, 14:01 CET | Alert | SeeNews link

Bulgarian Construction Company Moststroy Plans to Skip 2007 Cash Dividend, Proposes 4-for-1 Bonus Share Issue May 13, 2008, 14:08 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgarian construction firm Moststroy on Tuesday said it plans to skip 2007 cash dividend, as it did a year earlier, and increase its capital five times to 5.6 million levs ($4.4 million/2.8 million euro) through a bonus issue. link

Bulgaria’s Central Cooperative Bank Proposes To Skip 2007 Dividend May 13, 2008, 14:18 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgaria’s Central Cooperative Bank (CCB), part of industrial conglomerate Chimimport, said on Tuesday that it plans to skip dividend for 2007, like it did a year earlier. link

Bulgarian Arm of ProCredit Bank Group To Raise Capital by 10.2 Mln Euro May 13, 2008, 15:01 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - ProCredit Bank Bulgaria plans to raise its capital by 20 million levs ($15.9 million/10.2 million euro) from the current 41 million levs to back growth, a senior bank official said on Tuesday. link

Hungary’s Dunapack Bulgarian Unit Eyes Growth in 2008 May 13, 2008, 15:49 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Dunapack Rodina, the Bulgarian unit of Hungarian packaging materials producer Dunapack, plans to raise its sales and capacity in 2008 in order to sustain growth, a company official said on Tuesday. link

Bulgarian Farm Machine Producer Sparky Plans 3-for-1 Bonus Issue May 13, 2008, 18:20 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgarian farm machine manufacturer Sparky plans to quadruple its share capital to 12 million levs ($9.5 million/6.1 million euro) through a bonus issue, it said on Tuesday. link

Bulgaria’s Jan-April New Car Sales Rise 24.3% Y/Y - Table May 13, 2008, 10:58 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgarian car dealers sold 18,687 new cars in the first four months of 2008, up 24.3% from the same period a year earlier, the country’s car importers union, UIAB, said on Tuesday. link

Bulgarian National Bank - Deposits of Nonfinancial Corporations, Households and NPISHs by Type and Economic Activities - Q1 2008 May 13, 2008, 15:36 CET | State Agencies Reports | SeeNews The Bulgarian National Bank has released its quarterly reporty on deposits of nonfinancial corporations, households and NPISHs by amount categories and economic activities for the first quarter of 2008. link

Bulgarian National Bank - Deposits of Nonfinancial Corporations, Households and NPISHs by Amount Categories and Economic Activities - Q1 2008 May 13, 2008, 15:37 CET | State Agencies Reports | SeeNews The Bulgarian National Bank has released its quarterly reporty on deposits of nonfinancial corporations, households and NPISHs by amount categories and economic activities for the first quarter of 2008. link

BULGARIA’S APRIL CPI AT +0.9% M/M,+14.6% Y/Y VS +0.8% M/M, +14.2% Y/Y IN MARCH - STATS OFFICE May 13, 2008, 10:03 CET | Alert | SeeNews link

BULGARIA’S APRIL EU-HARMONISED CPI AT +0.7% M/M,+13.4% Y/Y VS +0.9% M/M, +13.2% Y/Y IN MARCH May 13, 2008, 10:04 CET | Alert | SeeNews link

Bulgaria’s April Consumer Price Inflation Speeds to 0.9% M/M - Table May 13, 2008, 10:10 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgaria’s consumer prices rose by 0.9% month-on-month in April, compared to a monthly rise of 0.8% in March, the National Statistics Office said on Tuesday. link

UPDATE 1 - Bulgaria’s April Consumer Price Inflation Speeds to 0.9% M/M May 13, 2008, 10:25 CET | Story | SeeNews (adds details) link

Bulgarian NSI - Exports and Imports - Feb 2008 May 13, 2008, 11:54 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on iexports and imports for February 2008. link

Bulgaria To Auction 40 Mln Levs in 10-Yr T-Notes on May 19 May 13, 2008, 12:18 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) - Bulgaria’s central bank will auction on Monday 40 million levs ($31.8 million/20.5 million euro) in 10-year fixed-rate Treasury notes which are expected to attract moderate investor interest, dealers said on Tuesday. link

Bulgarian NSI - Indices of the Retail Trade Sales - Q1 2008 May 13, 2008, 13:34 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on indices of the retail trade sales for the first quarter of 2008. link

Bulgarian NSI - Harmonized Indices of Consumer Prices - April 2008 May 13, 2008, 13:35 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on harmonized indices of consumer prices for April 2008. link

Bulgarian NSI - Harmonized Index of Consumer Prices Series - Jan 1997 - April 2008 May 13, 2008, 13:42 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on harmonized index of consumer prices series for the period January 1997 - April 2008. link

Bulgarian NSI - Consumer Price Index Series by Months - May 1990 - April 2008 May 13, 2008, 13:43 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 - April 2008. link

Bulgarian NSI - Consumer Price Indices - April 2008 May 13, 2008, 13:44 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on consumer price induices for April 2008. link

Bulgarian NSI - Consumer Price Indices by Months - April 2008 May 13, 2008, 13:50 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on consumer price indices by months for Aprl 2008. link

Bulgarian NSI - Foreign Trade Turnover - Jan - Feb 2007 and 2008 May 13, 2008, 14:16 CET | State Agencies Reports | SeeNews The National Statistics Institute (NSI) has published its report on foreign trade turnover which compares the period January - February 2007 with the period January - February 2008. link

European Commission Gives Bulgaria June 16 Deadline to Show Evidence of Proper Spending of EU Funds May 13, 2008, 17:33 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) – The European Commission has asked Bulgaria to provide evidence by June 16 that it has addressed problematic areas in the spending of European Union funds before it unfreezes millions of euro in aid from the bloc, the government said on Tuesday. link

Bulbrokers - USA Stock Markets Daily Review - May 13, 2008 May 13, 2008, 08:48 CET | Broker’s Report | SeeNews US Indices Up In The First Day Of The Week link

Elana - Bulgaria Daily Report - May 12, 2008 May 13, 2008, 08:51 CET | Broker’s Report | SeeNews Market Highlights link

Bulgarian Stock Exchange - Daily Report - May 12, 2008 May 13, 2008, 09:31 CET | Specialists Reports | SeeNews Bulgarian Stock Exchange has published its report on turnover and prices for May 12, 2008. link

FFBH - Bulgaria Morning Update - May 13, 2008 May 13, 2008, 10:13 CET | Broker’s Report | SeeNews MARKET WRAP-UPThe positive wave continued on Monday as the indices registered gains in third consecutive session for the first time since the end of March. SOFIX closed at 1184.04 bps (+1.90%), thus offsetting all the losses from the last one month. Although the volumes remained low the demand seemed to be growing and even some of the buyers played quite aggressively. Among the most actively traded companies in SOFIX were Chimimport (CHIM, BGN 9.90, +3.99%) and First Investment Bank (FIB, BGN 7.41, +2.21%), which both advanced with moderate volumes. BG40 gained 1.14% to BGN 323.69 bps with the major help coming from Odessos Shiprepair Yard (ODES, BGN 265.00, +1.15%) and Moststroy (MOSTS, BGN 108.60, +3.43%). The equally weighted BGTR30 fixed 800.53 bps (+1.13%), following the gains from Eurohold Bulgaria (EUBG, BGN 5.27, +4.69%), Neochim (NEOH, BGN 72.00, +7.46%) and Bulgarian American Credit Bank (BACB, BGN 65.80, +2.83%). link

Bulgarian Stocks Extend Gains in Optimistic Mood, May Go Further Up May 13, 2008, 15:16 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (SeeNews) – Bulgarian stocks extended gains on Tuesday in a positive mood as turnover more than doubled and rises may continue, brokers said. link

Bulgaria Schedule of Events - May 13 - Nov 25 May 13, 2008, 08:51 CET | Story | SeeNews SOFIA (Bulgaria), May 13 (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

Bulbrokers - Daily FX Analysis - May 13, 2008 May 13, 2008, 08:49 CET | Broker’s Report | SeeNews US dollar continued to weakened against the higher yield currencies link

* Croatia *

Croatian Bureau of Statistics - Producers`Price Indices of Agricultural, Forestry and Fishing Products - Mar 2008 May 13, 2008, 14:39 CET | State Agencies Reports | SeeNews Croatian Bureau of Statistics has published its report on producers`price indices of agricultural, forestry and fishing products for March 2008. link

Croatian Engineering Company IGH Wins Deal To Design Motorway in Montenegro May 13, 2008, 11:07 CET | Story | SeeNews ZAGREB (Croatia), May 13 (SeeNews) - Croatian blue-chip civil engineering institute Institut Gradjevinarstva Hrvatske (IGH) said on Tuesday it has won a tender to design a 110 kilometre motorway along the Montenegrin seaside. link

Croatian Bureau of Statistics - Transport and Communication - Q1 2008 May 13, 2008, 11:40 CET | State Agencies Reports | SeeNews This Release reports on data concerning the transport of passengers and goods on land, water and in the air, supporting activities in transport and postal, courier and telecommunication services. The total number of passengers carried increased in the first quarter of 2008 by 4.3%, as compared to the same period of 2007. The increase was registered in the railway transport, 12.8%, in the seawater and coastal transport, 11.1%, and in the air transport, 20.3%. Within supporting activities, in the first quarter of 2008, as compared to the same period of 2007, there was an increase of 8.4% in the passenger traffic in seaports and of 14.6% in the passenger traffic at airports. As compared to the same period of 2007, in the first quarter of 2008, within supporting activities, there was a decrease of 7.6% in the traffic of goods in seaports, and of 50.5% in the traffic of goods in inland waterway ports. Within postal and courier services, in the first quarter of 2008, there was a decrease of 6.6% in the volume of letter services and an increase of 13.1% in the volume of parcels, as compared to the same period of 2007. In the first quarter of 2008, as compared to the same period of 2007, the number of immobile network minutes spent decreased by 8.9%, while the number of mobile network minutes spent increased by 23.7%. On 31 March 2008, there were 1 499 316 registered passenger cars, including 24 911 cars registered for the first time. link

Croatian Bureau of Statistics - Purchase and Sale of Agricultural, Fishing and Forestry Products - Q1 2008 May 13, 2008, 13:39 CET | State Agencies Reports | SeeNews In March 2008, the total purchase and sale of agricultural, fishing and forestry products amounted to 518 732 225 kuna, out of which the sale from own production of legal entities and parts thereof was 356 434 080 kuna (68.7%) and the purchase from private family farms was 162 298 145 kuna (31.3%). In March 2008, as compared to March 2007, the total sale and purchase of agricultural, fishing and forestry products increased by 0.4%, where the sale decreased by 1.4% and the purchase increased by 4.6%. In March 2008, in the structure of the total purchase and sale of agricultural, fishing and forestry products, wood in the rough contributed with 27.1%, raw cows’ milk with 23.8%, pigs, live, with 10.8%, poultry, live, with 9.3%, cattle, live, with 7.9%, wine with 5.1%, hens’ eggs with 3.8%, fish, fresh or chilled, with 3.8% and cereals with 2.7%. Since 2005, data on average producers’ prices of selected agricultural, forestry and fishing products have also been published. link

Croatian Shipyard Uljanik Swings to Unaudited Consolidated Net Profit in Q1 - Table May 13, 2008, 15:22 CET | Story | SeeNews ZAGREB (Croatia), May 13 (SeeNews) – Majority state-owned Croatian shipyard Uljanik, a privatisation candidate, said on Tuesday it swung to an unaudited consolidated first-quarter net profit of 10 million kuna ($2.14 million/1.38 million euro) from a net loss of 76.74 million a year earlier. link

CROATIAN TOBACCO, TOURISM FIRM ADRIS Q1 NET PROFIT DOWN 14.3% Y/Y TO 98.5 MLN KUNA (13.6 MLN EURO) May 13, 2008, 15:55 CET | Alert | SeeNews link

Croatia’s Adris Consolidated Q1 Net Profit Down 14.3% to 98.5 Mln Kuna (13.6 Mln Euro) May 13, 2008, 16:01 CET | Story | SeeNews ZAGREB (Croatia), May 13 (SeeNews) - Croatian blue-chip tobacco and tourism company Adris on Tuesday reported a fall in first-quarter consolidated unaudited net profit to 98.5 million kuna ($21.1 million/13.6 million euro) from 114.9 million a year earlier. link

Croatian National Bank - Information on Economic Trends Bulletin - April 2008 May 13, 2008, 11:38 CET | State Agencies Reports | SeeNews Croatian National Bank has published its monthly information on economic trends mulletin bulletin for April 2007. link

Croatian Bureau of Statistics - Persons in Employment in Crafts and Trades and Free Lances - Q1 2008 May 13, 2008, 11:49 CET | State Agencies Reports | SeeNews In March 2008, as compared to February of the same year, the number of persons in employment in crafts and trades and free lances increased by 0.7%, out of which the number of women by 0.3%. link

Croatian Bureau of Statistics - Building Permits- Mar 2008 May 13, 2008, 11:50 CET | State Agencies Reports | SeeNews In March 2008, there were 966 building permits issued, which was by 17.4% less than in March 2007. The total number of building permits issued in the period from January to March 2008 was by 30.4% lower, as compared to the same period of 2007. In March 2008:- by type of constructions, 91.3% out of the total number of permits were issued on buildings and 8.7% on civil engineering works- by type of construction works, 79.8% of permits were issued on new constructions and 20.2% on reconstructions. link

Croatia Sells T-Bills Above Target, Yields Unchanged May 13, 2008, 14:09 CET | Story | SeeNews ZAGREB (Croatia), May 13 (SeeNews) - Croatia’s Finance Ministry sold 177 million kuna ($37.9 million/ 24.4 million euro) in three Treasury bill issues on Tuesday, above its target offer of 150 million kuna, as yields remained unchanged. link

Croatian Bureau of Statistics - Producers`Building Material Price Indices - April 2008 May 13, 2008, 14:33 CET | State Agencies Reports | SeeNews Monthly and cumulative building material price indices for the period from 2004 to 2008 are published in table 1. Annual chain indices for the period from 1979 to 2007 are presented in table 2. For a better understanding of the use of the indices in question, notes on methodology concerning the calculation of producers’ building material price indices are given at the back of the First Release. link

FIMA - Weekly Report - May 5 - 9, 2008 May 13, 2008, 08:37 CET | Broker’s Report | SeeNews O V E R VI E W link

FIMA Stock Monitor - Daily - May 12, 2008 May 13, 2008, 08:39 CET | Broker’s Report | SeeNews Daily comment: link

Erste Securities - Croatian Equity Daily - May 13, 2008 May 13, 2008, 09:50 CET | Broker’s Report | SeeNews Highlights: link

Croatian Equity Market Firms Further amid General Stabilisation May 13, 2008, 18:21 CET | Story | SeeNews ZAGREB (Croatia), May 13 (SeeNews) - Croatian share indices rose further on Tuesday amid stabilisation on global markets, regaining some ground lost in a sharp drop on the domestic market earlier this year, market analysts said. link

Croatia Schedule of Events – May 13 - June 16 May 13, 2008, 09:09 CET | Story | SeeNews ZAGREB (Croatia), May 13 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through June 16. New or amended entries are marked (*). link

* Macedonia *

Macedonia’s Second Fixed-line Operator Ontel Goes Commercial May 12, 2008, 21:49 CET | Story | SeeNews SKOPJE (Macedonia), May 12 (SeeNews) - Macedonia’s second fixed-line operator Ontel went commercial on Monday, trying to break the dominance of Makedonski Telekom and attract 30% of fixed telephony subscribers in the country in one year, said OnNet Internet provider, which is Ontel’s owner. link

Macedonian Construction Company Mavrovo Cuts Q1 Net Loss by 18% Y/Y - Table May 13, 2008, 10:33 CET | Story | SeeNews SKOPJE (Macedonia), May 12 (SeeNews) - Macedonian construction company ADG Mavrovo on Tuesday reported a first quarter net loss of 72.9 million denars ($1.83 million/1.17 million euro), down by 18% from the same period last year. link

Macedonian Farming Company ZK Pelagonija Bitola Turns to 4.4 Mln Denars (71,579 Euro ) Q1 Net Loss - Table May 13, 2008, 16:42 CET | Story | SeeNews SKOPJE (Macedonia), May 13 (SeeNews) - Macedonian farming company ZK Pelagonija AD Bitola turned to first-quarter net loss of 4.4 million denars ($111,155/71,579 euro) from a net profit of 107.7 million denars a year earlier, the company said on Tuesday. link

MACEDONIA’S APRIL INDUSTRIAL PPI RISES 10.7% Y/Y, UP 0.7% M/M - STATS OFFICE May 13, 2008, 13:31 CET | Alert | SeeNews link

Macedonia’s April Industrial PPI Rises 10.7% Y/Y, Up 0.7% M/M - Table May 13, 2008, 13:36 CET | Story | SeeNews SKOPJE, (Macedonia) May 13 (SeeNews) – Macedonia’s April producer price index (PPI) for the industrial sector rose by 10.7% year-on-year and was 0.7% higher on the month, the State Statistics Office said on Tuesday. link

Macedonian Stock Exchange - Daily Report - May 12, 2008 May 13, 2008, 09:57 CET | Specialists Reports | SeeNews Macedonian Stock Exchange has published its report on turnover and prices for May 12, 2008. link

Macedonia Schedule of Events May 13 – Nov 28 May 13, 2008, 09:22 CET | Story | SeeNews SKOPJE (Macedonia), May 13 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Macedonia through November 28. New or amended entries are marked (*) link

* Moldova *

Moldova’s Q1 Imports of Oil Products Rise 40% Y/Y by Value May 13, 2008, 11:32 CET | Story | SeeNews CHISINAU (Moldova), May 13 (SeeNews) - Moldova’s first quarter imports of oil products rose by 40% on the year in terms of value, to $116.3 million (75 million euro), the country’s energy regulator ANRE said on Tuesday. link

Moldova’s Moldindconbank Q1 Net Profit Falls 6.4% Y/Y - Table May 13, 2008, 12:10 CET | Story | SeeNews CHISINAU (Moldova), May 13 (SeeNews) – The first-quarter net profit of the Moldovan commercial bank Moldindconbank fell 6.4% on the year to 23.5 million lei ($2.3 million/1.5 million euro), the bank said on Tuesday. link

Moldova’s Investprivatbank To Pay Lower 2007 Dividend May 13, 2008, 16:29 CET | Story | SeeNews CHISINAU (Moldova), May 13 (SeeNews) - Moldovan commercial bank Investprivatbank will pay a gross dividend of 8.0 lei ($0.8/0.5 euro) per share for 2007, down from 10 lei it paid in dividend for 2006, the bank said on Tuesday. link

MOLDOVA’S Q1 TRADE DEFICIT WIDENS 44.2% Y/Y TO $698.9 MLN - STATS OFFICE May 13, 2008, 09:55 CET | Alert | SeeNews link

Moldova’s Q1 Trade Deficit Widens 44.2% Y/Y - Table May 13, 2008, 10:07 CET | Story | SeeNews CHISINAU (Moldova), May 13 (SeeNews) - Moldova’s trade deficit in the first quarter widened by 44.2% on the year to $698.9 million (450 million euro), as imports rose faster than exports, the country’s statistics bureau said on Tuesday. link

MOLDOVA’S APRIL CPI +1.6% M/M, +16.2% Y/Y VS. +1.1% M/M, +15.4% Y/Y IN MARCH - STATS OFFICE May 13, 2008, 13:19 CET | Alert | SeeNews link

Moldova’s April CPI at +1.6% M/M, +16.2% Y/Y - Table May 13, 2008, 13:32 CET | Story | SeeNews CHISINAU (Moldova), May 13 (SeeNews) - Moldova’s consumer price inflation quickened to 1.6% month-on-month in April from 1.1% a month earlier, the country’s statistics office said on Tuesday. link

UPDATE 1 – Higher Food Prices Push Moldova’s April Monthly Inflation to 1.6% May 13, 2008, 14:26 CET | Story | SeeNews (adds details, background) link

Moldova Sells 45 Mln Lei (2.8 Mln Euro) in T-Bills, Yields Fall May 13, 2008, 15:25 CET | Story | SeeNews CHISINAU (Moldova), May 13 (SeeNews) - The Moldovan central bank, BNM, on Tuesday sold 45 million lei ($4.3 million/2.8 million euro) in three Treasury bill issues, as yields fell. link

Moldova Schedule of Events - May 13 - May 30 May 13, 2008, 09:54 CET | Story | SeeNews CHISINAU (Moldova), May 13 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through May 30. New or amended entries are marked (*) link

* Montenegro *

Croatian Engineering Company IGH Wins Deal To Design Motorway in Montenegro May 13, 2008, 11:07 CET | Story | SeeNews ZAGREB (Croatia), May 13 (SeeNews) - Croatian blue-chip civil engineering institute Institut Gradjevinarstva Hrvatske (IGH) said on Tuesday it has won a tender to design a 110 kilometre motorway along the Montenegrin seaside. link

Bourse NEX Montenegro Replaces CEO May 13, 2008, 11:51 CET | Story | SeeNews PODGORICA (Montenegro), May 13 (SeeNews) - New Securities Exchange (NEX) Montenegro said it has replaced its chief executive officer Dragan Djukic with Branislav Todorovic. link

New Securities Exchange of Montenegro - Daily Report - May 12, 2008 May 13, 2008, 10:33 CET | Specialists Reports | SeeNews New Securities Exchange of Montenegro (NEX) has published its daily report on trading volumes and prices for May 12, 2008. link

* Romania *

Raiffeisen Capital & Investment - Flamingo International - Wholesale Picks Up the Rhythm - May 13, 2008 May 13, 2008, 10:17 CET | Broker’s Report | SeeNews Wholesale picks up the rhythm link

Raiffeisen Capital & Investment - Trading ideas - Bere Azuga - May 13, 2008 May 13, 2008, 10:36 CET | Broker’s Report | SeeNews Betting on big thirst link

ANALYST FORECAST – Romania’s Rompetrol Rafinare To Extend Q1 Loss May 13, 2008, 14:21 CET | Analysis | SeeNews BUCHAREST (Romania), May 13 (SeeNews) – Romania’s Rompetrol Rafinare is likely to extend its first-quarter loss to 35-50 million lei ($15-21 million/9.6 -13.7 million euro) from 21.9 million lei it reported a year earlier, analysts said on Tuesday. link

STOCKWATCH - RCI Keeps Stock of Romanian Electronics and IT Retailer Flamingo Under Review May 13, 2008, 17:48 CET | Analysis | SeeNews BUCHAREST (Romania), May 13 (SeeNews) - Raiffeisen Capital & Investment (RCI) on Tuesday said it keeps the stock of Romanian consumer electronics and IT retailer group Flamingo International under review after the company performed better than expected in the first quarter. Renault Opens Gearbox Factory in Romania May 13, 2008, 16:18 CET | Story | SeeNews BUCHAREST (Romania), May 13 (SeeNews) - French carmaker Renault said on Tuesday it has launched operations at a gearbox factory in Romania, whose investment would exceed 214 million euro ($330.4 million) by the end of 2010. [link->http://seenews.com/news/latestnews/renaulttoinvestover214mlneuroingearboxfactoryinromaniabyend-2010-150004" class="spip_out">link

Romanian Hotel Operator Casa de Bucovina Club de Munte Reports Q1 Net Loss May 13, 2008, 18:07 CET | Story | SeeNews BUCHAREST (Romania), May 13 (SeeNews) - Romanian hotel operator Casa de Bucovina Club de Munte on Tuesday reported a net loss of 547,836 lei ($231,717/149,688 euro) for the first quarter of 2008. link

Ieba Trust - Romanian Market Weekly - May 5 - 9, 2008 May 13, 2008, 08:41 CET | Broker’s Report | SeeNews 1A. Bucharest Stock Exchange Indicators link

Romanian INS - Prices Statistical Bulletin - Mar 2008 May 13, 2008, 14:37 CET | State Agencies Reports | SeeNews Romanian National Institute of Statistics (INS) has released its monthly Prices Statistical Bulletin for March 2008. link

Ieba Trust - Romanian Market Daily - May 12, 2008 May 13, 2008, 08:40 CET | Broker’s Report | SeeNews BSE indices started the week on red link

Bucharest Stock Exchange - Daily Report - RASDAQ Market - May 12, 2008 May 13, 2008, 09:39 CET | Specialists Reports | SeeNews Bucharest Stock Exchange has published its RASDAQ daily market report for May 12, 2008. link

Bucharest Stock Exchange - Daily Report - Regulated Market - May 12, 2008 May 13, 2008, 09:41 CET | Specialists Reports | SeeNews Bucharest Stock Exchange has published its report on trading volumes and prices on the regulated market for May 12, 2008. link

Raiffeisen Capital & Investment - Investment Daily Romania - May 13, 2008 May 13, 2008, 09:47 CET | Broker’s Report | SeeNews Trader’s Comment link

Bucharest Stock Exchange - Monthly Bulletin, April 2008 May 13, 2008, 14:20 CET | Specialists Reports | SeeNews Bucharest Stock Exchange (BSE) has released it’s monthly bulletin for April 2008. link

Romanian Bourse Closes Mixed, Investment Funds Fall Further May 13, 2008, 16:25 CET | Story | SeeNews BUCHAREST (Romania), May 13 (SeeNews) - Romanian bourse indices closed mixed on Tuesday, with the BET-FI index, which only tracks the country’s five regional investment funds, the SIFs, dropping for a fourth straight day, brokers said. link

Romania Schedule of Events - May 13 - June 26 May 13, 2008, 09:08 CET | Story | SeeNews BUCHAREST (Romania), May 13 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through June 26. New or amended entries are marked (*). link

Romanian Leu Ends Stronger vs Euro amid High Volatility May 13, 2008, 16:38 CET | Story | SeeNews BUCHAREST (Romania), May 13 (SeeNews) - The Romanian leu ended at 3.6490/6535 lei per euro on Tuesday, stronger than Monday’s 3.6800/6820 close, on leu-buying orders from foreign companies amid high volatility, dealers said. link

* Serbia *

S&P Says Will Not Change Serbia Ratings After Pro-EU Coalition’s Election Victory May 13, 2008, 12:22 CET | Story | SeeNews BELGRADE (Serbia), May 13 (SeeNews) - International rating agency Standard & Poor’s said it will not change its ratings and outlook on Serbia after a pro-European Union coalition won the most votes in the country’s snap elections on Sunday. link

Serbia’s C-Bank Licenses Bank of Moscow for Domestic Operations May 13, 2008, 14:36 CET | Story | SeeNews BELGRADE (Serbia), March 13 (SeeNews) - Serbia’s central bank (NBS) said on Tuesday it has licensed Russia’s Bank of Moscow to operate in Serbia. link

Serbia Gets One Bid for Engineering Holding Company Janko Lisjak May 13, 2008, 14:48 CET | Story | SeeNews BELGRADE (Serbia), May 13 (SeeNews) - Serbia’s Privatisation Agency said it has received one bid in a tender for the sale of engineering holding company Janko Lisjak. link

Serbian Insurance Market Leader Dunav Osiguranje’s 2007 Net Profit Rises 12.8% May 13, 2008, 15:19 CET | Story | SeeNews BELGRADE (Serbia), May 13 (SeeNews) – Serbia’s leading insurer by market share, Dunav Osiguranje, on Tuesday reported a 12.8% rise in net profit to 387 million dinars ($4.7million/7.2million euro) for last year. link

Serbian Meat Processor Carnex To Invest 60 Mln Euro over Three Years May 13, 2008, 15:51 CET | Story | SeeNews BELGRADE (Serbia), May 13 (SeeNews) - Serbian meat processing company Carnex said on Tuesday it plans to invest some 60 million euro ($93 million) to increase capacity over the next three years. link

Serbia’s End-April FX Reserves Fall 3.7% M/M to 10.1 Bln Euro - Table May 13, 2008, 14:28 CET | Story | SeeNews BELGRADE (Serbia), May 13 (SeeNews) - Serbia’s foreign exchange reserves held by the country’s central bank and commercial banks fell to 10.1 billion euro ($15.6 billion) at the end of April from 10.5 billion euro a month earlier, the central bank said on Tuesday. link

Belgrade Stock Exchange - Daily Report - May 12, 2008 May 13, 2008, 09:56 CET | Specialists Reports | SeeNews Belgrade Stock Exchange has published its daily report on trading volumes and prices for May 12, 2008 link

Sinteza Investment Group - Daily Market Wrap Up - May 12, 2008 May 13, 2008, 10:34 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its Daily Market Wrap Up for May 12, 2008, containing an overview of the Serbian Financial Market. link

Belgrade Bourse Gyrates in Post-election Uncertainty May 13, 2008, 12:38 CET | Story | SeeNews BELGRADE (Serbia), May 13 (SeeNews) – The blue-chip index of the Belgrad bourse lost over six percent by midday on Tuesday following a 13% surge the previous day due to uncertainty about the the forming of new government after a pro-European coalition won the most votes in Serbia’s snap elections but failed to grab an outright majority, brokers said. link

UPDATE 1 - Belgrade Blue-Chip Index Closes 4% Lower but above Lows amid Post-Election Uncertainty May 13, 2008, 17:22 CET | Story | SeeNews BELGRADE (Serbia), May 13 (SeeNews) - The blue-chip index of the Belgrade Stock Exchange (BELEX) closed over four percent lower on Tuesday following a 13% surge the previous day as uncertainty about the formation of a new government cooled investors’ fervour, brokers said. link

Serbia Schedule of Events - May 13 - June 16 May 13, 2008, 10:51 CET | Story | SeeNews BELGRADE (Serbia), May 13 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through June 16. New or amended entries are marked (*). link

* Slovenia *

Slovenian Statistical Office - Business Entities - 2006 May 13, 2008, 11:30 CET | State Agencies Reports | SeeNews GROSS INVESTMENT, SLOVENIA, 2006 link

Slovenian IMAD - Spring Forecast of Economic Trends 2008 - May 2008 May 13, 2008, 11:35 CET | State Agencies Reports | SeeNews Summary link

Slovenian Stock Indices Fall Slightly, Investors Uncertain about Positive Trend May 13, 2008, 18:03 CET | Story | SeeNews LJUBLJANA (Slovenia), May 13 (SeeNews) - Slovenian stock indices fell slightly in eventless trading on Tuesday as investors wondered whether a positive trend has set on the market, brokers said. link

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