SEENEWS – news report of 18.04.2008

News report of 18.04.2008

* Albania *

Turkish Buyer of Albanian Telco Signs 100 Mln Euro Loans For Modernisation Apr 18, 2008, 15:58 CET | Story | SeeNews TIRANA (Albania), April 18 (SeeNews) - Cetel, the Turkish buyer of 76% of Albanian fixed-line operator Albtelecom, said on Friday it has signed two loans worth a combined 100 million euro ($157.6 million) to finance the modernisation of Albtelecom. link

EBRD Buys 12.5% of Albania’s Union Bank for Undisclosed Sum Apr 18, 2008, 17:49 CET | Story | SeeNews TIRANA (Albania), April 18 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Friday it has acquired a 12.5% equity stake in Albania’s Union Bank for an undisclosed sum to support Union Bank’s lending activities and strategy for rapid growth in Albania and neighbouring countries. link

* Bosnia *

Serbian Hemofarm’s Bosnian Unit 2007 Sales at 19.9 Mln Euro Apr 18, 2008, 12:03 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), April 18 (SeeNews) – The Bosnian unit of Serbia’s largest pharmaceutical firm Hemofarm, owned by German generic drugs maker STADA, had 2007 sales of 19.9 million euro ($31.7 million) and expects growth this year, figures showed on Friday. link

Bosnian Indices Drop Amid Thin Trading Apr 18, 2008, 16:29 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), April 18 (SeeNews) - Shares on Bosnia’s two bourses dropped this week, following the regional trend, brokers said, and volumes of trading decreased sharply. link

Bosnia Schedule of Events – April 18 – Oct 29 Apr 18, 2008, 09:32 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), April 18 (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 *

Bulgarian Stock Exchange - Daily Bulletin, Selected Announcements - April 17, 2008 Apr 18, 2008, 09:17 CET | Specialists Reports | SeeNews On the grounds of Art. 4 (1) of Annex 7 to the BSE Rules and Regulations, 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 Agricultural Land Opportunity Fund Mel Invest REIT-Sofia, BSE code - R5ALOF, shall be performed on 18.04.2008 (Friday). The amount of 177,232 rights, to which no shares have been subscribed, shall be offered at the auction. link

BULGARIAN POWER TOOLS MAKER SPARKY ELTOS SAYS Q1 NET PROFIT 25 TIMES HIGHER Y/Y AT 2.5 MLN LEVS (1.3 MLN EURO) Apr 18, 2008, 09:30 CET | Alert | SeeNews link

Israeli, Bulgarian Firms Invest 11 Mln Euro in Residential Building in Sofia Apr 18, 2008, 09:48 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) – The Bulgarian subsidiary of Israeli group Tidhar and Bulgarian Investment Group (BIG) will jointly invest 11 million euro ($17 million) in the construction of a luxury residential building in Sofia, the two companies said late on Thursday. link

Bulgarian Power Tools Manufacturer Sparky Eltos Q1 Net Profit Rises 25 Times Y/Y – Table Apr 18, 2008, 09:55 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Bulgarian power tools manufacturer Sparky Eltos on Friday said its preliminary net profit for the first quarter of 2008 surged 25 times to 2.5 million levs ($2.0 million/1.3 million euro) as sales rose by over 57%. link

INTERVIEW - Bulgarian Baby Food Producer Slantcho To Float on Sofia Bourse by End-May Apr 18, 2008, 10:59 CET | Interview | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Bulgarian baby food producer Slantcho will float on the Bulgarian bourse by the end of next month aiming to create publicity and attract a strategic partner, a company owner said. link

BULGARIAN BLUE-CHIP FIBANK Q1 NET PROFIT RISES 49% Y/Y TO 15.1 MLN LEVS (7.7 MLN EURO) Apr 18, 2008, 12:27 CET | Alert | SeeNews link

Bulgarian FIBank Q1 Net Profit Rises 49% Y/Y - Table Apr 18, 2008, 12:35 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Bulgaria’s First Investment Bank (FIBank) on Friday said its net profit for the first quarter of 2008 rose by 49% year-on-year to nearly 15.1 million levs ($12.2 million/7.7 million euro), as credit portfolio expanded by 35.1%. link

Five Companies Express Interest in Buying Bulgarian Arms Producer NITI Apr 18, 2008, 13:03 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Five Bulgarian companies have expressed interest in buying local arms producer NITI, the government’s Privatisation Agency said. link

Greek Aspis Bank To Open 20 Branches in Each Bulgaria, Romania Apr 18, 2008, 13:11 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Aspis Bank, part of the Greek financial group Aspis, plans to open 20 branches in each of Bulgaria and Romania in the coming years as part of its strategy to expand in southeast Europe, a company official said on Friday. link

Bulgaria-based Maison Creative Builds 8.0 Mln Euro Residential Compound in Plovdiv Apr 18, 2008, 13:56 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) – Bulgaria-based company Maison Creative is building an eight million euro ($13 million) residential compound in the country’s second largest city of Plovdiv, senior company executive said on Friday. link

Bulgaria’s Varna Black Sea Port Plans to Build 43.5 Mln Euro Deep Water Berth Apr 18, 2008, 15:21 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - The Bulgarian Black Sea port of Varna plans to build a deep water berth worth some 85 million levs ($68.9 million/43.5 million euro), state-run news agency BTA reported on Friday. link

Bulgarian REIT Exclusive Property To Seek 1.1 Mln Euro in Capital Hike Apr 18, 2008, 15:31 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Bulgarian real estate investment trust (REIT) Exclusive Property said on Friday it will seek 2.1 million levs ($1.7 million/1.1 million euro) in a capital increase. link

Bulgaria’s Sofia Airport Q1 Passenger Traffic Rises 18% Y/Y Apr 18, 2008, 16:48 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Passenger traffic at the international airport in Bulgaria’s capital Sofia increased by 18% on the year to 724,170 in the first quarter of 2008, state-run news agency BTA said on Friday. link

Italy’s Enel Expresses Interest in Building Wind Farm in Bulgaria Apr 18, 2008, 18:05 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Italian power company Enel is interested in building a wind farm in the northern Bulgarian town of Sevlievo, the company said on Friday. link

Bulgaria’s March Jobless Numbers Fall 23.8% Y/Y to 251,640 – Govt Employment Agency Apr 18, 2008, 10:26 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) – The number of jobless in Bulgaria fell to 251,640 in March, down 23.8% from a year earlier, official statistics indicated on Friday. link

Bulgarian Stock Exchange - Daily Report - April 17, 2008 Apr 18, 2008, 09:22 CET | Specialists Reports | SeeNews Bulgarian Stock Exchange has published its report on turnover and prices for April 17, 2008. link

Elana - Bulgaria Daily Report - April 17, 2008 Apr 18, 2008, 10:19 CET | Broker’s Report | SeeNews Market Highlights link

FFBH - Bulgaria Morning Update - April 18, 2008 Apr 18, 2008, 10:54 CET | Broker’s Report | SeeNews MARKET WRAP-UP link

Bulgarian Stocks Gain Ground in Positive Mood Apr 18, 2008, 15:42 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - All four share indices on the Bulgarian capital market gained ground on Friday as positive mood returned in the last couple of hours of trading, brokers said. link

Bulgaria Schedule of Events - April 18 - Nov 25 Apr 18, 2008, 09:13 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (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

Bulgaria To Appoint Deputy PM in Charge of EU Funds in Government Reshuffle - Media Apr 18, 2008, 16:43 CET | Story | SeeNews SOFIA (Bulgaria), April 18 (SeeNews) - Bulgaria will appoint a deputy premier in charge of the absorption of European Union funds as part of a pending government reshuffe, aiming to convince the European Commission it could properly spend EU money, state-run news agency BTA reported on Friday. link

* Croatia *

Allianz Zagreb Q1 Premiums Rise 10.9% Y/Y Apr 18, 2008, 10:11 CET | Story | SeeNews ZAGREB (Croatia), April 18 (SeeNews) - Allianz Zagreb, the Croatian unit of the German Allianz financial group, on Friday reported a total premium income of some 288 million kuna ($63.3 million/39.7 million euro), up 10.9% on the year, on growth in all key segments. link

Croatia’s Pliva To Raise Capital by 194.6 Mln Kuna (26.8 Mln Euro) to 2.1 Bln Kuna Apr 18, 2008, 11:30 CET | Story | SeeNews ZAGREB (Croatia), April 18 (SeeNews) - Croatian drug maker Pliva said on Friday it will increase its capital by 194.6 million kuna ($42.8 million/ 26.8 million euro) to some 2.1 billion kuna, to repay debt and to support its investment strategy. link

FIMA Stock Monitor - Daily - April 17, 2008 Apr 18, 2008, 10:02 CET | Broker’s Report | SeeNews Daily comment:Croatian capital market continues to exhibit volatile behavior. After the initial bullish momentum, popular benchmark declined to eventually end the day 0,2% in black mainly due to the drop of index heavy weight, integrated telecom HT (HT-R-A). HT lost 9,5% as today was ex-dividend day. Stock turnover amounted to HRK 128,8 million. Largest Croatian retail chain Konzum (KNZMR- A) announced that stock split will be carried on April 23rd. Each stock with par value of HRK 1.800 will be split into 180 new stocks with par value of HRK 10. The split will increase liquidity of the share which today ended at HRK 59.897,99, up by 8,9% from yesterday’s close. Other companies from Agrokor concern also had a winning day as bottled water producer Jamnica (JMNC-R-A) rocketed 18,8%, kiosk chain Tisak (TISK-R-A) soared by 3,1% while meat products producer Belje (BLJE-R-A) and frozen & ice cream producer Ledo (LEDO-R-A) rose 2,6% and 2,7% respectively. Slatinska banka (SNBA-R-A ) informed about court decision to overrule the law suit from Beograd based Jugobanka claiming €17 million, or some 11,4% of SNBA’s assets. Construction sector led today’s bullish run with construction engineering company Ingra (INGR-R-A) spiked 8,8%, construction consultancy company (IGH-R-A) gained 1,8% while heavy constructor and power trunk producer Dalekovod (DLKV-R-A) jumped by 7,5%. Besides having project pipeline of some HRK 5 bn, another upside for Dalekovod comes from the fact that it owns 15 daughter companies, with 100% stake in majority of them, and despite that, does not publish consolidated financial statements. Thus, we see some HRK 250 – 300 million consolidations upside on the sales side. link

Erste Securities - Croatian Equity Daily - April 18, 2008 Apr 18, 2008, 10:29 CET | Broker’s Report | SeeNews Highlights: link

Croatian Blue Chip IGH Plans To Move to Bourse’s Top Tier in Q2 Apr 18, 2008, 14:11 CET | Story | SeeNews ZAGREB (Croatia), April 18 (SeeNews) – Croatian blue-chip civil engineering company Institut Gradjevinarstva Hrvatske (IGH) said on Friday it plans to move to the most transparent tier of the Zagreb bourse in the second quarter. link

Croatian Share Indices Move Higher as Market Rebound Continues Apr 18, 2008, 18:10 CET | Story | SeeNews ZAGREB (Croatia), April 18 (SeeNews) - Croatian share indices firmed by more than 2.0% each on Friday as recovery continued after a sharp drop on Monday, brokers said. link

Croatia Schedule of Events - April 18 - June 4 Apr 18, 2008, 09:23 CET | Story | SeeNews ZAGREB (Croatia), April 18 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through June 4. New or amended entries are marked (*). link

* Macedonia *

Macedonian Construction Co Granit Sets up Stone Quarrying Unit Apr 18, 2008, 14:17 CET | Story | SeeNews SKOPJE (Macedonia), April 18 (SeeNews) - Macedonian blue-chip construction company Granit said on Friday it has set up a stone quarrying unit. link

Macedonian Stock Exchange - Daily Report - April 17, 2008 Apr 18, 2008, 09:28 CET | Specialists Reports | SeeNews Macedonian Stock Exchange has published its report on turnover and prices for April 17, 2008. link

Macedonia’s Stock Exchange Plunges Further in Turbulent Week Apr 18, 2008, 17:15 CET | Story | SeeNews SKOPJE (Macedonia), April 18 (SeeNews) - Macedonian stocks dropped further this week due to continuing political uncertainty, brokers said on Friday. link

Macedonia Schedule of Events April 18–Nov 28 Apr 18, 2008, 09:14 CET | Story | SeeNews SKOPJE (Macedonia), April 18 (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 *

Germany Grants 2.3 Mln Euro in Technical Aid to Moldova Apr 18, 2008, 12:09 CET | Story | SeeNews CHISINAU (Moldova), April 18 (SeeNews) – German majority state-owned financial group Kreditanstalt fur Wiederaufbau (KfW) will provide 2.3 million euro ($3.7 million) in technical aid to Moldova, the Moldovan economy ministry said on Friday. link

Moldova’s Hidropompa Swings to Net Profit in 2007 - Table Apr 18, 2008, 13:26 CET | Story | SeeNews CHISINAU (Moldova), April 18 (SeeNews) - Moldovan state-owned water pumps producer Hidropompa swung to a 1.2 million lei ($116,300/73,400 euro) net profit last year from a 1.3 million lei loss a year earlier, the company said on Friday. link

Moldovan Banks’ End-March Credit Portfolio Rises 53% Y/Y - Table Apr 18, 2008, 14:15 CET | Story | SeeNews CHISINAU (Moldova), April 18 (SeeNews) - The Moldovan commercial banks’ loan portfolio totalled 22.7 billion lei ($2.2 billion/1.4 billion euro) at the end of March, up 53% from a year earlier, the country’s central bank, BNM, said on Friday. link

Moldovan Brewery Beermaster Net Profit Rises 50% in 2007 – Table Apr 18, 2008, 16:03 CET | Story | SeeNews CHISINAU (Moldova), April 18 (SeeNews) – The net profit of Moldovan brewery Beermaster rose by 50% to 4.0 million lei ($388,000/246,200 euro) last year, the company said on Friday. link

Moldova’s Lux-Mobila To Invest $300,000 in Local Free Economic Zone Apr 18, 2008, 16:51 CET | Story | SeeNews CHISINAU (Moldova), April 18 (SeeNews) – Moldovan furniture maker Lux-Mobila will invest $300,000 (190,500 euro) to start operations in one of the country’s six free economic zones, Tvardita, in autumn this year, Moldova’s Economy Ministry said on Friday. link

Moldova Schedule of Events - April 18 - May 30 Apr 18, 2008, 10:47 CET | Story | SeeNews CHISINAU (Moldova), April 18 (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

Moldova’s FX Reserves Rise to $1.43 Bln in Week Ending April 11 Apr 18, 2008, 13:41 CET | Story | SeeNews CHISINAU (Moldova), April 18 (SeeNews) - Moldova’s foreign exchange reserves rose to $1.43 billion (902.5 million euro) on April 11 from $1.42 billion a week earlier, the country’s central bank said on Friday. link

* Montenegro *

New Securities Exchange of Montenegro - Daily Report - April 17, 2008 Apr 18, 2008, 09:35 CET | Specialists Reports | SeeNews New Securities Exchange of Montenegro (NEX) has published its daily report on trading volumes and prices for April 17, 2008. link

* Romania *

Raiffeisen Capital & Investment - Company News - Petrom – 2007 Dividend and 2008 Budget, April 18, 2008 Apr 18, 2008, 11:00 CET | Broker’s Report | SeeNews Petrom – 2007 dividend and 2008 budget link

Romanian Real Estate Leasing Market May Reach 1.0 Bln Euro in 2009 Apr 18, 2008, 12:13 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Austrian leasing company Immorent believes Romania’s real estate leasing market might reach around one billion euro ($1.594 billion) in 2009, double its 2007 value, local press trust Finmedia reported. link

Raiffeisen Capital & Investment - Corporate Events - April 21 - 27, 2008 Apr 18, 2008, 09:49 CET | Broker’s Report | SeeNews Raiffeisen Capital & Investment has released its schedule of corporate events for the week from April 21 to April 27, 2008, containing the following tables. link

OMV’S ROMANIAN UNIT SEES ’08 NET PROFIT AT 2.42 BLN LEI (670 MLN EURO) VS. 1.78 BLN LEI ’07 PRELIM NET PROFIT Apr 18, 2008, 11:20 CET | Alert | SeeNews link

OMV’s Romanian Unit Sees 2008 Net Profit Rising to 2.42 Bln Lei (670 Mln Euro) from 1.78 Bln Lei in 2007 Apr 18, 2008, 11:53 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Romania’s largest oil group Petrom, majority owned by Austria’s OMV, said it expects its net profit to rise to 2.42 million lei ($1.07 billion/670 million euro) this year, compared to a preliminary net profit of 1.78 billion lei in 2007. link

ROMANIA’S BCR BANK SAYS WILL PAY 0.54% HIGHER ’07 GROSS DIVIDEND Apr 18, 2008, 12:08 CET | Alert | SeeNews link

Romania’s BCR Bank To Pay 0.54% Higher ’07 Gross Dividend Apr 18, 2008, 12:26 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Romania’s Banca Comerciala Romana (BCR), majority owned by Austria’s Erste Bank, said on Friday it will pay a gross dividend of 0.46678484 lei ($0.21/0.13 euro) per share for last year, compared to 0.46427922 lei gross dividend it paid in 2006. link

Nearly Five Pct of Romanian Port Operator Socep Trades for 6.7 Mln Lei (1.9 Mln Euro) Apr 18, 2008, 13:22 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Some 4.8% of Romanian Black Sea port operator Socep totalling 6.7 million lei ($2.9 million/1.9 million euro) changed hands in two trades on the Bucharest Stock Exchange (BVB) on Friday, BVB data showed. link

UPDATE 1 - Nearly 10% of Romanian Port Operator Socep Change Hands for 13.8 Mln Lei (3.8 Mln Euro) Apr 18, 2008, 15:02 CET | Story | SeeNews (updates with a 4.95% stake traded) link

CORRECTED - OMV’s Romanian Unit Sees 2008 Net Profit Rising to 2.42 Bln Lei (670 Mln Euro) from 1.78 Bln Lei in 2007 Apr 18, 2008, 15:17 CET | Story | SeeNews In BUCHAREST story "OMV’s Romanian Unit Sees 2008 Net Profit Rising to 2.42 Bln Lei (670 Mln Euro) from 1.78 Bln Lei in 2007" please read in the first paragraph "...to rise to 2.42 billion lei..." instead of "...to rise to 2.42 million lei..." (correcting figure) link

UPDATE 1 - OMV’s Romanian Unit Sees 2008 Net Profit Rising to 2.42 Bln Lei (678 Mln Euro) from 1.78 Bln Lei in 2007 Apr 18, 2008, 15:25 CET | Story | SeeNews (adds details, Petrom’s stock closing value) link

Romanian Steel Company Mechel Targoviste Sees ’08 Gross Profit More than Doubling Apr 18, 2008, 16:52 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Romanian steel works Mechel Targoviste, part of Russia’s Mechel Steel Group, expects its gross profit to rise by 117% to 56.68 million lei ($24.9 million/15.7 million euro) this year, with revenue also seen rising, the company said on Friday. link

ROMANIAN INVESTMENT FUND SIF 3 TRANSILVANIA SEES 2008 NET PROFIT AT 53.00 MLN LEI (14.7 MLN EURO) VS 110.04 MLN LEI IN 2007 Apr 18, 2008, 17:12 CET | Alert | SeeNews link

Romanian Investment Fund SIF 3 Transilvania Sees ’08 Net Profit Down 52% to 53 Mln Lei (14.7 Mln Lei) Apr 18, 2008, 17:29 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Romanian investment fund SIF 3 Transilvania expects its net profit to fall by 52% to 53 million lei ($23.3 million/14.7 million euro) this year, the fund said on Friday. link

Romanian National Bank - Financial Behaviour of Households and Companies by County, Feb 2008 Apr 18, 2008, 11:09 CET | State Agencies Reports | SeeNews The National Bank of Romania (BNR) has released its monthly report on the financial behaviour of households and companies by county for February 2008. link

Romanian National Trade Register Office - Companies with Foreign Capital - Jan 2008 Apr 18, 2008, 11:08 CET | State Agencies Reports | SeeNews The Romanian National Trade Register Office has released its January 2008 statistics on companies with foreign capital by structure of the capital, country of origin of the investors and value of the subscribed capital. link

Romanian National Bank - Main Economic Developments - Full Report, Jan 2008 Apr 18, 2008, 11:08 CET | State Agencies Reports | SeeNews The National Bank of Romania BNR has released its January 2008 issue of its monthly statistics report, containing data on the main macroeconomic and financial indicators, provided by the National Institute of Statistics, the Finance Ministry, the Bucharest Stock Exchange, RASDAQ and BNR. link

Romanian INS - Monthly Report - Feb 2008 Apr 18, 2008, 11:10 CET | State Agencies Reports | SeeNews Romanian National Institute of Statistics has released its monthly statistical bulletin for February 2008. link

Bucharest Stock Exchange - Daily Report - Regulated Market - April 17, 2008 Apr 18, 2008, 09:11 CET | Specialists Reports | SeeNews Bucharest Stock Exchange has published its report on trading volumes and prices on the regulated market for April 17, 2008. link

Bucharest Stock Exchange - Daily Report - RASDAQ Market - April 17, 2008 Apr 18, 2008, 09:15 CET | Specialists Reports | SeeNews Bucharest Stock Exchange has published its RASDAQ daily market report for April 17, 2008. link

Ieba Trust - Romanian Market Daily - April 17, 2008 Apr 18, 2008, 09:56 CET | Broker’s Report | SeeNews The trades with the shares of the five SIFs accounted for 63.75% of the Regular market daily turnover link

Raiffeisen Capital & Investment - Investment Daily Romania - April 18, 2008 Apr 18, 2008, 10:45 CET | Broker’s Report | SeeNews Trader’s CommentThe local exchange performed well on Thursday, BET and BET-C rising 0.36% and 0.44% respectively, while BET-FI enjoyed a noticeable gain of 2.3%. In addition, transactions with the SIFs generated some 60% of the total trading volume (EUR 7.4 mn). Each of the SIFs passed the threshold of 1 mn shares traded, which is impressive considering the scarce liquidity of Wednesday.SNP evolved well again, the buy pressure remaining steady, however the volume halved compared to the previous day. The closing price hit RON 0.45 per share, up 0.9%. On the other hand, RRC, which opened with an upside of 2% and reached during the day a high of 6.6%, closed at RON 0.06 per share, down 3.1% against the closing price of Wednesday.In the newsTeraplast IPO resultsThe IPO of PVC processor Teraplast has been entirely subscribed yesterday, at the end of the subscription period. The company has raised some EUR 13.5 mn from the capital market by issuing 49.6 mn shares, accounting for 20 % of the pre-IPO number of shares. According to the price fixing algorithm, the final offer price is set at RON 1 per share. The shares sold during the offering have allotment rights attached, which will be traded in lieu of shares until the latter are registered at the Central Depository. The allotment rights are expected to be floated around April 30.New closing algorithms to be introduced on BVBBucharest Stock Exchange (BVB) announced that as of April 23, 2008, the fixing algorithm and the close auction are to be introduced for the stock markets administrated by BVB (the regulated market and RASDAQ market), Regular and Regular International tiers. The introduction of the fixing algorithm will lengthen the trading session and is expected to have a positive effect on liquidity as the transactions of the orders introduced in the pre-closing session, between 14:15 and 14:30, will be executed within closing, at 14:30. The close auction is an auction at a single price, which de termines the maximum volume that can be traded for the price settl by the auction. The close auction algorithm cannot be applied unless the best bid is higher than or equal with the best ask for the financial instrument. During Closing, the closing price and volume are calculated on the basis of the algorithm. There are identified the potential transactions, the financial instruments volume is being allocated and the transactions are closed.Flamingo share option planAccording to information released on Flamingo (FLA) website, shareholders of the consumer electronics company will be asked to approve in the GSM of April 23, among others, a Share Option Plan for the management for the period 2009-2012. The plan is an extension of the previously approved Share Option Plan and involves the repurchase of 28 million shares, some 3.6% of the share capital. The shares follow to be repurchased in 18 months after the publication of the shareholders decision in the Official Gazette. The price per share for the shares following to be repurchased stands i n the range RON 0.1 and RON 0.65. Each option allows for the purchase of one share and the options can be exercised latest on June 30, 2012 at a strike price of RON 0.378. link

Romanian Market Closes Up in Higher Volatility Apr 18, 2008, 16:18 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - The Romanian stocks closed the week on the rise amid higher volatility on Friday, brokers said. link

Romania Schedule of Events - April 18 - June 4 Apr 18, 2008, 09:17 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through June 4. New or amended entries are marked (*). link

Romania’s BCR Bank Names Dominic Bruynseels New CEO Apr 18, 2008, 13:13 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Romania’s largest bank by assets, BCR, has named Dominic Bruynseels its new chief executive officer as of July 1 this year, it said on Friday. link

Romanian Leu Ends at 2008 High vs Euro as Companies Pay Taxes Apr 18, 2008, 16:55 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - The Romanian leu on Friday ended at a 2008-high against the euro, as companies continued buying the local currency to pay taxes, dealers said. link

Romanian Prosecutors Launch Criminal Probe Against Labour Minister Paul Pacuraru Apr 18, 2008, 15:30 CET | Story | SeeNews BUCHAREST (Romania), April 18 (SeeNews) - Romania’s anti-graft authority, DNA, said on Friday it has launched a criminal investigation against Labour Minister Paul Pacuraru over alleged bribe taking. link

* Serbia *

Serbia’s Feb Construction Output Down 30% Y/Y - Table Apr 18, 2008, 10:54 CET | Story | SeeNews BELGRADE (Serbia), April 18 (SeeNews) - Serbia’s February construction output, measured by the estimated value of completed projects, fell by a 30% year-on-year, data from the country’s statistics office showed on Friday. link

Serbian Statistics - Employment and Earnings Statistics - Feb 2008 Apr 18, 2008, 11:07 CET | State Agencies Reports | SeeNews Average salaries and wages paid in February 200821 March, 2008 link

Belgrade Stock Exchange - Daily Report - April 17, 2008 Apr 18, 2008, 09:43 CET | Specialists Reports | SeeNews Belgrade Stock Exchange has published its daily report on trading volumes and prices for April 17, 2008 link

Vojvodjanska Banka - Daily Vobnews - April 18, 2008 Apr 18, 2008, 10:34 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews Report for April 18, 2008 containing the following charts and tables: link

BELEX Indices Close Up after Week of Falls Apr 18, 2008, 16:21 CET | Story | SeeNews BELGRADE (Serbia), April 18 (SeeNews) - The shares on the Belgrade Stock Exchange (BELEX) closed higher on Friday after a week of falls, brokers said. link

Serbia Schedule of Events - April 18 - June 4 Apr 18, 2008, 09:31 CET | Story | SeeNews BELGRADE (Serbia), April 18 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through June 4. New or amended entries are marked (*). link

* Slovenia *

SLOVENIA’S FEB INDUSTRIAL SALES +2.8 M/M, +5.6% Y/Y VS. +1.4% M/M, +2.7% Y/Y IN JAN - STATS OFFICE Apr 18, 2008, 10:55 CET | Alert | SeeNews link

Slovenia’s Feb Industrial Sales Rise 2.8% M/M - Table Apr 18, 2008, 11:04 CET | Story | SeeNews LJUBLJANA (Slovenia), April 18 (SeeNews) - Slovenia’s February industrial sales rose by a real 2.8% month-on-month after growing by 1.4% in January, the State Statistics Office said on Friday. link

Slovenian Stocks Extend Gains, Paced by Petrol, Sava Apr 18, 2008, 17:23 CET | Story | SeeNews LJUBLJANA (Slovenia), April 18 (SeeNews) - Slovenian shares extended gains on Friday, led by fuel trader Petrol and rubber-to-tourism company Sava. link

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