Seenews: news report of 14.11.2008
Updated news from Balkan Europe powered by www.seenews.com
Countries:
* Albania *
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
* Bosnia *
Bosnian Share Indices Fall, Volumes Low Nov 14, 2008, 17:34 CET | Story | SeeNews SARAJEVO (Bosnia), November 14 (SeeNews) - Bosnia’s Sarajevo and Banja Luka share indices fell this week as turnover dropped sharply. link
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
Bosnia Schedule of Events – Nov 14 - Jan 9 Nov 14, 2008, 08:51 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), November 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through January 9. New or amended entries are marked (*). link
* Bulgaria *
EBRD Mulls 55 Mln Euro Credit Line to Bulgarian Banks for Energy Efficiency, Renewable Projects Nov 14, 2008, 18:39 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Friday it is considering a 55 million euro ($69.8 million) credit line to Bulgarian banks for on-lending to private companies for industrial energy efficiency and small scale renewable energy projects. link
Bulgarian Car Battery Maker MonBat Wraps up 0.366% Share Buyback Nov 14, 2008, 17:48 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) - Bulgarian blue-chip car battery maker MonBat said on Friday it has wrapped up a 0.366% share buyback, its third share repurchase since August, carried out in support of the company stock in unfavourable market conditions. link
Bulgarian Stocks Sink Further, Neochim and Albena Lead Decliners Nov 14, 2008, 17:48 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) - Most Bulgarian stocks extended losses on Friday in dull trading and small volumes with blue-chip fertiliser maker Neochim and resort operator Albena leading the decline, brokers said. link
Karoll - Bulgarian Daily Newsletter - Nov 14, 2008 Nov 14, 2008, 16:49 CET | Broker’s Report | SeeNews Headlines link
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
INTERVIEW – Bulgarian Energy Traders Seek Export Opportunities, Eager For Belene N-Plant To Boost Supply Nov 14, 2008, 15:08 CET | Interview | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Bulgarian traders of electricity, frustrated by the regulated environment on the domestic market, are looking abroad for business, seeking exports and new market opportunities, an industry official said. link
ANALYST COMMENT – Bulgaria’s 9-Mo C/A Gap Widens to 15.8% of GDP, Seen Further Widening by Year’s End Nov 14, 2008, 14:46 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) - Bulgaria’s current account gap through September widened to 15.8% of the country’s projected gross domestic product (GDP) for the year from 13.5% of GDP in the same period a year earlier and analysts expect it would further widen by the end of the year and even exceed 24% of GDP. link
Bulgaria’s Burgas Port Cargo Turnover Drops Sharply on Steel Mill Kremikovtzi’s Woes - Port CEO Nov 14, 2008, 14:44 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Cargo turnover at Bulgaria’s Black Sea port of Burgas fell by 64.7% year-on-year to 734,550 tonnes through mid-November as supplies of raw materials to insolvent local steel mill Kremikovtzi dried down, Burgas Port CEO Argir Boyadzhiev said. link
Bulgarian Steel Mill Stomana Industry To Cut Output, Jobs as Global Crisis Bites - Media Nov 14, 2008, 12:24 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Bulgarian steel mill Stomana Industry, part of Greek metallurgical group Viohalco, will cut output by around a third and lay off staff in view of decline in exports caused by the global financial turmoil, local Dnevnik daily reported on Friday. link
UPDATE 1 - Bulgaria’s 9-Mo C/A Gap Widens to 15.8% of GDP - Table Nov 14, 2008, 11:45 CET | Story | SeeNews (adds table, details) link
Bulgarian National Statistical Institute - Consumer Price Indices by Months of 2008 - Oct 2008 Nov 14, 2008, 11:45 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on consumer price indices by months for October 2008. link
Bulgarian National Statistical Institute - Consumer Price Indices - Oct 2008 Nov 14, 2008, 11:43 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on consumer price indices for October 2008. link
Bulgarian National Statistical Institute - Consumer Price Index Series by Months - May 1990 - Oct 2008 Nov 14, 2008, 11:42 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on consumer price index series by months for the period May 1990 - October 2008. link
Bulgarian National Statistical Institute - Average Monthly Wages and Salaries of the Employees under Labour Contract in 2008 - Preliminary Data - Q3 2008 Nov 14, 2008, 11:41 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its preliminary quarterly report on average monthly wages and salaries of the employees under labour contract for the third quarter of 2008. link
Bulgarian National Statistical Institute - Employees under Labour Contract - Preliminary Data - Sept 2008 Nov 14, 2008, 11:39 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on employees under labour contract for September 2008. link
Bulgarian National Statistical Institute - Foreign Trade Turnover - Preliminary Data - Jan - Sept 2007, 2008 Nov 14, 2008, 11:37 CET | State Agencies Reports | SeeNews The Bulgarian National Statistical Institute (NSI) has published its monthly report on foreign trade turnover for the period January - September 2007 and 2008. link
CORRECTED - BULGARIA’S 9-MO GDP GROWTH ACCELERATES TO 6.5% VS. 5.9% (NOT 5.7%) in YR-AGO PERIOD - STATS OFFICE FLASH ESTIMATE Nov 14, 2008, 11:15 CET | Alert | SeeNews link
Bulgaria’s 9-Mo C/A Gap Widens to 15.8% of GDP Nov 14, 2008, 11:14 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) - Bulgaria’s current account deficit through September widened to a preliminary 15.8% of the country’s gross domestic product (GDP) projected for 2008 from 13.5% of GDP in the same period a year earlier, central bank data showed on Friday. link
BULGARIA’S 9-MO C/A GAP WIDENS TO 15.8%/GDP FROM 13.5%/GDP YR-AGO - C-BANK Nov 14, 2008, 11:02 CET | Alert | SeeNews link
Bulgaria’s 9-Mo GDP Growth Accelerates to Preliminary 6.5% vs. 5.9% in Yr-Ago Period Nov 14, 2008, 10:54 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) - Bulgaria’s gross domestic product (GDP) grew by a preliminary 6.5% in the first nine months of 2008, faster than a 5.9% growth recorded a year earlier, according to a National Statistics Office (NSI) flash estimate released on Friday. link
BULGARIA’S 9-MO GDP GROWTH ACCELERATES TO 6.5% VS. 5.7% in YR-AGO PERIOD - STATS OFFICE FLASH ESTIMATE Nov 14, 2008, 10:48 CET | Alert | SeeNews link
Bulgarian N-Plant Kozloduy Repays Early $52.5 Mln Loan to Russia’s Roseximbank Nov 14, 2008, 10:32 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Bulgaria’s nuclear power plant Kozloduy said on Friday it has paid back early a $52.5 million (41.9 million euro) loan to Russia’s Roseximbank. link
FFBH - Bulgaria Morning Update - Nov 14, 2008 Nov 14, 2008, 10:08 CET | Broker’s Report | SeeNews MARKET WRAP-UP link
Bulgaria Schedule of Events - Nov 14 - Nov 28 Nov 14, 2008, 08:52 CET | Story | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bulgaria through November 28. New or amended entries are marked (*). link
Bulgarian Stock Exchange - Daily Bulletin, Selected Announcements - Nov 13, 2008 Nov 14, 2008, 08:15 CET | Specialists Reports | SeeNews BSE-Sofia has received the following notification from Chugunoleene AD-Ihtiman /59C/:In connection with an invitation to the staff and the representatives of the trade unions, the management of Chugunoleene AD has held a consultative meeting on 12 November 2008 conforming to Art. 130 of the Labour Code in relation to the planned dismissal of workers and staff of the company.The entire notification is posted on link link
Bulgarian Stock Exchange - Daily Report - Nov 13, 2008 Nov 14, 2008, 07:42 CET | Specialists Reports | SeeNews The Bulgarian Stock Еxchange has published its report on turnover and prices for November 13, 2008. link
* Croatia *
Croatian Share Indices Dip Further on Dull Market Nov 14, 2008, 18:40 CET | Story | SeeNews ZAGREB (Croatia), November 14 (SeeNews) - The equity indices of the Zagreb Stock Exchange dipped further on Friday on a dull market, a broker said. link
Croatia’s Hidroelektra Niskogradnja Gets Regulatory Nod To Raise Capital by Up to 4.0% Nov 14, 2008, 17:27 CET | Story | SeeNews ZAGREB (Croatia), November 14 (SeeNews) - Croatian financial watchdog HANFA on Friday sad it has approved a private placement share issue by construction company Hidroelektra Niskogradnja aimed to boost its capital by up to 4.0%. link
Croatia’s IGH Jan-Sept Cons Unaudited Net Profit Rises 64.2% Y/Y- Table Nov 14, 2008, 17:09 CET | Story | SeeNews ZAGREB (Croatia), November 14 (SeeNews) – Croatian blue-chip civil engineering company Institut Gradjevinarstva Hrvatske (IGH) on Friday reported a consolidated unaudited net profit of 59.6 million kuna ($10.5 million/8.4 million euro) through September, up 64.2% on the year. link
CROATIA’S IGH SAYS RAISES 9-MO CONS UNAUDITED NET PROFIT 64.2% Y/Y TO 59.6 MLN KUNA (8.4 MLN EURO) Nov 14, 2008, 16:39 CET | Alert | SeeNews link
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
Croatia’s Djuro Djakovic 9-mo Cons Unaudited Net Profit Falls 73.2% Y/Y - Table Nov 14, 2008, 16:21 CET | Story | SeeNews ZAGREB (Croatia), November 14 (SeeNews) - Croatian holding company Djuro Djakovic Holding reported on Friday a consolidated unaudited net profit of 1.65 million kuna ($290,400/232,000 euro) in the first nine months of 2008, down from 6.16 million kuna a year earlier. link
Croatia’s Jadroplov Cons Unaudited Net Profit Falls 23% Y/Y - Table Nov 14, 2008, 15:48 CET | Story | SeeNews ZAGREB (Croatia), November 14 (SeeNews) - Croatian blue-chip shipping company Jadroplov reported on Friday a consolidated unaudited net profit of 43 million kuna ($7.6 million/6.0 million euro) for the first nine months of the year, down from 56 million kuna a year earlier. link
UPDATE 2 - Croatia’s Oct CPI Falls 0.1% M/M, Rises 5.9% Y/Y Nov 14, 2008, 14:01 CET | Story | SeeNews (adds analyst comments) link
Croatian Port Operator Luka Rijeka 9-Mo Cons Unaudited Net Profit Edges Down 0.1% - Table Nov 14, 2008, 12:58 CET | Story | SeeNews ZAGREB (Croatia), November 14 (SeeNews) - Croatian sea port operator Luka Rijeka on Friday reported a slight fall in its consolidated unaudited net profit to 6.490 million kuna ($1.141million /911,000 euro) through September from 6.498 million kuna a year earlier. link
UPDATE 1 - Croatia’s Oct CPI Falls 0.1% M/M, Rises 5.9% Y/Y - Table Nov 14, 2008, 12:10 CET | Story | SeeNews (adds breakdown figures) link
Croatia’s Oct CPI Falls 0.1% M/M, Rises 5.9% Y/Y - Table Nov 14, 2008, 11:44 CET | Story | SeeNews ZAGREB (Croatia), November 14 (SeeNews) - Croatia’s October consumer price index (CPI) fell by 0.1% month-on-month, after rising by a monthly 0.2% in September, the State Statistics Bureau said on Friday. link
CROATIA’S OCT CPI -0.1% M/M, +5.9% Y/Y VS. +0.2% M/M, +6.4% Y/Y IN SEPT- STATS OFFICE Nov 14, 2008, 11:38 CET | Alert | SeeNews link
Erste Securities - Croatian Equity Daily - Nov 14, 2008 Nov 14, 2008, 10:14 CET | Broker’s Report | AII Data Processing Ltd Highlights: link
Croatia Schedule of Events - Nov 14 - Dec 16 Nov 14, 2008, 10:01 CET | Story | SeeNews ZAGREB (Croatia), November 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through December 16. New or amended entries are marked (*). link
* Macedonia *
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
Macedonian Food Co Vitaminka 9-Mo Prelim Net Profit Edges Down 0.4% Y/Y - Table Nov 14, 2008, 16:04 CET | Story | SeeNews SKOPJE (Macedonia), November 14 (SeeNews) - Macedonian food company Vitaminka AD Prilep said on Friday its nine-month preliminary net profit edged down by 0.4% year-on-year to 25.704 million denars ($521,379/411,452 euro). link
Macedonian Stock Indices End Week Sharply Lower, Turnover Modest – Table Nov 14, 2008, 15:48 CET | Story | SeeNews SKOPJE (Macedonia), November 14 (SeeNews) - The indices of the Macedonian Stock Exchange JSC (MSE) fell sharply this week in modest liquidity, a broker said on Friday. link
Macedonia Invites Consultants to Draft Privatisation Study for Postal Carrier Nov 14, 2008, 15:19 CET | Story | SeeNews SKOPJE (Macedonia), November 14 (SeeNews) – Macedonia’s Transport Ministry said on Friday it has called an international tender to hire a consultant to draft a study for the partial privatisation of state-owned postal service operator Macedonian Post. link
Macedonia’s Zito Vardar 9-mo Consolidated Net Loss Widens 20.3% - Table Nov 14, 2008, 12:57 CET | Story | SeeNews SKOPJE (Macedonia), November 14 (SeeNews) - Macedonian holding company Zito Vardar AD said on Friday its nine-month consolidated net loss widened to 72.74 million denars ($1.47 million/1.16 million euro), from 60.44 million denars a year ago. link
Macedonia Schedule of Events - Nov 14 - Dec 5 Nov 14, 2008, 09:10 CET | Story | SeeNews SKOPJE (Macedonia), November 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Macedonia through December 5. New or amended entries are marked (*) link
Macedonian Stock Exchange - Daily Report - Nov 13, 2008 Nov 14, 2008, 07:43 CET | Specialists Reports | SeeNews Тhe Macedonian Stock exchange has published its daily report on turnover and prices for November 13, 2008. link
* Moldova *
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
Remittances from Moldovans To Contribute 38% to Country’s ’08 GDP, Seen Slowing Down in ’09-’10 - World Bank Nov 14, 2008, 14:29 CET | Story | SeeNews CHISINAU (Moldova), November 14 (SeeNews) - Remittances from Moldovans working abroad are expected to contribute 38% to the country’s gross domestic product (GDP) this year, the second-largest share among the world countries, a World Bank survey indicated. link
Moldova Schedule of Events - Nov 14 - Jan 2 Nov 14, 2008, 09:38 CET | Story | SeeNews CHISINAU (Moldova), November 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through January 2. New or amended entries are marked (*). link
Moldova Stock Exchange - Daily Report - Nov 13, 2008 Nov 14, 2008, 07:44 CET | Specialists Reports | SeeNews The Moldova Stock exchange has published its daily report on trading volumes and prices for November 13, 2008. link
* Montenegro *
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
New Securities Exchange of Montenegro - Daily Report - Nov 13, 2008 Nov 14, 2008, 07:44 CET | Specialists Reports | SeeNews The New Securities exchange of Montenegro (NEX) has published its daily report on trading volumes and prices for November 13, 2008. link
* Romania *
Romania’s UCM Resita Cuts 9-mo Net Loss by 78% – Table Nov 14, 2008, 18:44 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian heavy machine manufacturer UCM Resita, majority owned by Swiss-based Inet AG, on Friday reported a loss of 8.88 million lei ($3.0 million/2.4 million euro) for the first nine months of 2008, down from the loss of 41.04 million lei it had in the year-ago period. link
Romanian Paper, Cardboard Maker Vrancart 9-mo Net Profit Rises 6.2% Y/Y - Table Nov 14, 2008, 18:21 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian paper and cardboard producer Vrancart said on Friday its net profit rose to 4.46 million lei ($1.51 million/1.19 million euro) through September, compared to 4.20 million lei a year ago. link
Romania’s Alumil Rom Industry 9-mo Net Profit Falls 20% Y/Y- Table Nov 14, 2008, 18:14 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian aluminium processor and distributor Alumil Rom Industry on Friday reported a net profit of 8.06 million lei ($2.73 million/2.15 million euro) through September, down from 10.09 million lei a year earlier. link
Romania’s Fertiliser Maker Azomures Turns to 9-mo Net Profit of 196.07 Mln Lei (52.6 Mln Euro) - Table Nov 14, 2008, 18:12 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romania’s largest chemical fertiliser producer Azomures reported on Friday a net profit of 196.07 million lei ($66.8 million/52.6 million euro) in the first nine months of 2008, compared to a loss of 7.5 million lei in the same period last year. link
Romanian Hotel Operator Casa de Bucovina Club de Munte Posts Jan-Sept Net Profit Nov 14, 2008, 18:06 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian hotel operator Casa de Bucovina Club de Munte on Friday reported a net profit of 754,704 lei ($256,881/202,495 euro) in the first nine months of 2008. link
Romania’s SSIF Broker Jan-Sept Net Profit Plunges 89% - Table Nov 14, 2008, 17:59 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian brokerage SSIF Broker reported on Friday a net profit of 3.45 million lei ($1.2 million/925,000 euro) through September, dropping by 89% from a year earlier. link
ROMANIA’S SSIF BROKER JAN-SEPT NET PROFIT FALLS TO 3.45 MLN LEI (925,000 EURO) FROM 32.83 MLN LEI YR AGO Nov 14, 2008, 17:45 CET | Alert | SeeNews link
Romanian Abrasive Materials Maker Carbochim 9-mo Net Profit Jumps - Table Nov 14, 2008, 17:33 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian abrasive materials producer Carbochim on Friday reported a nine-month net profit of 1.66 million lei ($546,400/436,000 euro), up from 254,000 lei net profit a year earlier. link
Romanian Stock Indices Rise in Dull Trading Nov 14, 2008, 17:30 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - The Romanian share indices gained ground on Friday in dull trading dominated by speculators, tracking gains on international markets, brokers said. link
Romanian Unit of Greek Packaging Machines Maker M.J. Maillis Extends Jan-Sept Net Loss Five Times - Table Nov 14, 2008, 17:21 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - The Romanian unit of Greek packaging materials and machines manufacturer M.J. Maillis reported on Friday a nine-month net loss of 2.59 million lei ($853,000/680,000 euro), compared to a net loss of 503,000 lei a year earlier. link
Romanian Oil Industry Equipment Maker Energopetrol 9-mo Net Profit Sinks 91% - Table Nov 14, 2008, 17:10 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Energopetrol, a Romanian producer of equipment for the oil industry, on Friday reported a nine-month net profit of 14,791 lei ($4,900/3,900 euro), compared to a 157,000 lei net profit lei a year earlier. link
Romanian Drug Maker Biofarm Jan-Sept Net Profit Rises 6.0% - Table Nov 14, 2008, 17:04 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian drug maker Biofarm reported on Friday a nine-month net profit of 12.32 million lei ($4. million/3.2 million euro), up from a net profit of 11.63 million lei a year earlier. link
Romanian Steel Mill Mechel Targoviste’s 9-mo Net Profit Increases Fivefold - Table Nov 14, 2008, 16:58 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian steel works Mechel Targoviste, part of Russia’s Mechel Steel Group, on Friday reported a nine-month net profit of more than 115 million lei ($38.95 million/30.58 million euro), compared to a net profit of 23.035 million lei in the same period a year earlier. link
ROMANIAN DRUG MAKER BIOFARM SAYS JAN-SEPT NET PROFIT UP 6.0% Y/Y TO 12.32 MLN LEI (3.2 MLN EURO) Nov 14, 2008, 16:52 CET | Alert | SeeNews link
Romanian Leu Ends Week Stronger vs Euro Nov 14, 2008, 16:42 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - The Romanian leu on Friday closed at 3.7530/7580 per euro, stronger than 3.8100/8130 on Thursday, amid increased euro-selling orders from foreign investors, dealers said. link
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
Romania’s Romcarbon 9-mo Net Profit Falls 46% - Table Nov 14, 2008, 16:17 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romania’s sole gas mask manufacturer Romcarbon on Friday reported a 46% fall in net profit to 1.7 million lei ($560,000/447,000 euro) in the first nine months of 2008. link
Raiffeisen Capital & Investment - Rompetrol Rafinare First Impression - Q3 2008 - Nov 14, 2008 Nov 14, 2008, 15:59 CET | Broker’s Report | SeeNews Rompetrol Rafinare link
Romanian Electrical Equipment Maker Electroaparataj Doubles 9-mo Loss - Table Nov 14, 2008, 15:48 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian electrical equipment manufacturer Electroaparataj reported a nine-month net loss of 11.4 million lei ($3.8 million/3.0 million euro), compared to a 5.7 million lei loss a year earlier. link
Romanian Bakery Firm Titan 9-mo Net Profit Falls 14% - Table Nov 14, 2008, 15:00 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian bakery company Titan reported on Friday a nine-month net profit of 6.36 million lei ($2.15 million/1.70 euro), down from 7.43 million lei net profit a year earlier. link
Romanian Insurer Astra-Uniqa Says Turns to 9-mo Net Profit Nov 14, 2008, 14:45 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian insurer Astra-Uniqa said on Friday it turned to a net profit of more than 1.31 million lei ($445,000/350,000 euro) through September from a 13.6 million lei loss in the year-ago period. link
Romanian Chemical Company Sinteza Jan-Sept Net Profit Drops 76.5% - Table Nov 14, 2008, 12:38 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian chemical company Sinteza on Friday reported a nine-month net profit of 108,000 lei ($36,000/28,000 euro), down from a net profit of 460,000 lei a year earlier. link
STOCKWATCH - RCI Places Under Review its ’Buy’ Recommendation on Romania’s Teraplast Nov 14, 2008, 12:31 CET | Analysis | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Raiffeisen Capital & Investment (RCI) on Friday said it put under review its ’Buy’ recommendation for Teraplast, a Romanian producer of polyvinyl chloride (PVC) and polypropylene (PP) building materials, shortly after the company announced slightly better-than-expected third-quarter results. link
Romanian Fuel Injection Maker Mefin Turns to 9-mo Net Loss - Table Nov 14, 2008, 12:20 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Mefin, a Romanian producer of diesel fuel injection systems, said on Friday it turned to a nine-month net loss of 93,300 lei ($31,600/24,800 euro) from a net profit of 506,100 lei a year earlier. link
Romanian Plastics Producer Prodplast 9-mo Net Profit Rises 10% - Table Nov 14, 2008, 12:11 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian plastics producer Prodplast reported on Friday a nine-month net profit of 3.70 million lei ($1.25 million/ 987,000 euro), up from 3.35 million lei a year ago. link
UPDATE 1 - Romania’s Alro 9-mo Net Profit Falls 22% Nov 14, 2008, 11:58 CET | Story | SeeNews (adds details, quotes, share price) link
Romanian Investment Fund STK Emergent 9-Mo Net Loss at 2.14 Mln Lei (570,900 euro) Nov 14, 2008, 11:24 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) – Romanian closed-end investment fund STK Emergent reported on Friday a net loss of 2.14 million lei ($723,900/ 570,900 euro) in the first nine months of 2008. link
Poland’s Coffeeheaven To Exit Romania Nov 14, 2008, 11:08 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) – Polish branded coffee bars chain Coffeeheaven will close its operations in Romania due to unfavourable market conditions, the company said. link
Raiffeisen Capital & Investment - Teraplast First Impression - Q3 2008 - Nov 14, 2008 Nov 14, 2008, 10:56 CET | Broker’s Report | SeeNews Teraplast link
Raiffeisen Capital & Investment - Romanian Small Caps - 3Q 08 Results - Nov 14, 2008 Nov 14, 2008, 10:55 CET | Broker’s Report | SeeNews Amonil 3Q 08 resultsThe fertilizers producer Amonil (AMO) reported its 3Q 2008 results. Revenues reached RON 44.5 mn, almost 40% lower qoq. A comparison yoy is not appropriate in the case of Amonil as its activity was partially shut down in 2007. AMO registered an operating loss of RON 0.5 mn, against a profit of RON 3.3 mn in 2Q 2008. The bottom line stood in red at RON 0.5 mn, while the net profit reached RON 3.4 mn in 2Q 2008. Over 1-3Q 2008, revenues reached RON 192 mn and the net profit stood at RON 20.8 mn. link
Romanian Shipyard Orsova’s 9-mo Net Profit Rises 26% - Table Nov 14, 2008, 10:37 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian shipyard Santierul Naval Orsova (SNO) reported on Friday a nine-month net profit of 9.4 million lei ($3.2 million/2.5 million euro), compared to a net profit of 7.44 million lei a year earlier. link
Romania Schedule of Events - Nov 14 - Jan 6 Nov 14, 2008, 10:33 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through January 6. New or amended entries are marked (*). link
Romanian Fertiliser Producer Amonil Turns to 9-mo Net Profit - Table Nov 14, 2008, 09:57 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian producer of chemical fertilisers Amonil said on Friday it turned to a nine-month net profit of 20.8 million lei ($6.8 million/5.5 million euro) from a loss of 9.6 million lei a year ago as its turnover jumped 17 times. link
Romania’s Antibiotice 9-mo Net Profit Falls 27% - Table Nov 14, 2008, 09:38 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Majority state-owned Romanian drug maker Antibiotice, slated for privatisation this year, on Friday reported a 27% fall in its nine-month net profit to 16.935 million lei ($5.734 million/4.50 million euro). link
Raiffeisen Capital & Investment - Investment Daily Romania - Nov 14, 2008 Nov 14, 2008, 09:35 CET | Broker’s Report | SeeNews Watchlist link
Raiffeisen Capital & Investment - Company News - OMV/Petrom – Conclusions of Capital Markets Day - Nov 14, 2008 Nov 14, 2008, 09:22 CET | Broker’s Report | SeeNews OMV/Petrom – conclusions of Capital markets dayOMV/Petrom held a capital markets day yesterday, presenting their updated investment strategy which has been adjusted for the recent turbulence on the financial markets. Below we present the main conclusions of management presentations with an emphasis on Petrom’s development strategy. link
ROMANIA’S ANTIBIOTICE SAYS 9-MO NET PROFIT FALLS 27% TO SOME 16.9 MLN LEI (4.5 MLN EURO) Nov 14, 2008, 09:21 CET | Alert | SeeNews link
Ieba Trust - Romanian Market Daily - Nov 13, 2008 Nov 14, 2008, 09:20 CET | Broker’s Report | SeeNews BSE indices dipped further link
Romanian Aluminium Products Maker Altur Turns to 9-mo Net Profit - Table Nov 14, 2008, 09:04 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian aluminium products manufacturer Altur on Friday reported a nine-month net profit of 4.19 million lei ($1.4 million/1.1 million euro), compared to a net loss of 1.73 million lei a year earlier, as revenue rose faster than costs. link
Romania’s Alro 9-mo Net Profit Falls 22% - Table Nov 14, 2008, 08:57 CET | Story | SeeNews BUCHAREST (Romania), November 14 (SeeNews) - Romanian aluminium smelter Alro, a subsidiary of Dutch-based aluminium producer Vimetco, reported on Friday a nine-month net profit of 292.8 million lei ($99.3 million/77.8 million euro), down from 376.2 million lei a year earlier. link
Bucharest Stock Exchange - Daily Report - Regulated Market - Nov 13, 2008 Nov 14, 2008, 07:41 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its report on trading volumes and prices on the regulated market for November 13, 2008. link
Bucharest Stock Exchange - Daily Report - RASDAQ Market - Nov 13, 2008 Nov 14, 2008, 07:41 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its daily RASDAQ market report for November 13, 2008. link
Romania’s Azomures Says 250 Workers’ Contracts To be Suspended Not Terminated Nov 13, 2008, 19:13 CET | Story | SeeNews BUCHAREST (Romania), November 13 (SeeNews) - Romania’s largest chemical fertiliser producer Azomures said on Thursday it will not dismiss 250 of its employees but will suspend their contracts, keeping them on payroll at 75% of their core salary. link
French Insurance Group Groupama To Merge Romanian Units By End-2009 Nov 13, 2008, 18:53 CET | Story | SeeNews BUCHAREST (Romania), November 13 (SeeNews) - French insurance group Groupama on Thursday said it plans to merge the three peer companies it has acquired in Romania - Asiban, BT Asigurari and OTP Garancia, to create a "new leading player on the local insurance market." link
* Serbia *
Belgrade Stocks Drop, Univerzal Banka Lifts Daily Turnover Nov 14, 2008, 18:41 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) - The indices of the Belgrade Stock Exchange (BELEX) closed lower on Friday, as trading in blue chip Univerzal Banka boosted the daily turnover, brokers said. link
ANALYST COMMENT – Serbia’s $520 Mln Standby Deal with IMF Sends Positive Signal to Investors Nov 14, 2008, 18:22 CET | Analysis | SeeNews BELGRADE (Serbia), November 14 (SeeNews) - Serbia has sent a positive signal to investors by signing a $520 million (415 million euro) standby deal with the International Monetary Fund (IMF) and agreeing to cut its 2009 budget deficit to 1.5% of the projected gross domestic product (GDP), analysts said on Friday. link
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
Serbian Dinar Trades Stable vs Euro in Tranquil Friday Session, No C-Bank Intervention Spotted – Dealers Nov 14, 2008, 15:53 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) – The Serbian dinar on Friday traded stable against the euro in small volumes on a tranquil market and a central bank intervention was unlikely, dealers said. link
CORRECTED - Russian-Serbian Consortium Places Sole Bid for 53.3% of Serbian Engineering Co Mostogradnja Nov 14, 2008, 15:16 CET | Story | SeeNews In BELGRADE story "Russian-Serbian Consortium Places Sole Bid for 53.3% of Serbian Engineering Co Mostogradnja" please read in the first paragraph "...the sale of a 53.3% stake..." instead of "...the sale of its 53.3% stake..." to make clear this stake is not owned by the consortium. link
Russian-Serbian Consortium Places Sole Bid for 53.3% of Serbian Engineering Co Mostogradnja Nov 14, 2008, 15:03 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) - A Russian-Serbian consortium was the sole candidate to place a bid in a tender for the sale of its 53.3% stake in engineering company Mostogradnja, Serbia’s Privatisation Agency said on Friday. link
Serbian C-bank Licenses Reinsurer Wiener RE Nov 14, 2008, 14:01 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) - Serbian central bank, NBS, on Friday said it has granted a licence to local insurance company Wiener RE, which is majority-owned by Austrian Wiener Stadtische, to operate as reinsurer. link
Serbia Invites Copper Smelter RTB Bor’s Creditors to Claim Debts Nov 14, 2008, 13:29 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) - Serbia on Friday invited all creditors to claim their debts from troubled copper mining and smelting company RTB Bor, which is put up for sale, in order to ensure that it is fully informed about the company’s financial state. link
UPDATE 2 - Serbia, IMF Sign $520 Mln Standby Deal, Agree on 1.5%/GDP Budget Gap in 2009 Nov 14, 2008, 13:25 CET | Story | SeeNews (adds quotes) link
Serbia’s Sept Construction Output Drops 21.6% Y/Y - Table Nov 14, 2008, 12:13 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) - Serbia’s September construction output, measured by the estimated value of completed projects, fell by 21.6% year-on-year, the statistics office reported on Friday. link
Serbia’s Oct CPI Rises 1.8% M/M, Up 12.3% Y/Y - Table Nov 14, 2008, 11:51 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) – Serbia’s October consumer price inflation accelerated to 12.3% year-on-year from 10.9% in September, the state statistics bureau said on Friday. link
SERBIA’S OCT CPI +1.8% M/M, +12.3% Y/Y VS +1.0% M/M, +10.9% Y/Y IN SEPT - STATS OFFICE Nov 14, 2008, 11:42 CET | Alert | SeeNews link
Serbia’s 2009 GDP To Slow Down to 3.0%, Inflation To Decelerate to 8.0% - C-bank Governor Nov 14, 2008, 11:37 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) – Serbia’s economic growth is expected to slow down to 3.0% in 2009 from 7.0% projected for this year, while inflation will decelerate to 8.0% at the end of next year, central bank governor Radovan Jelasic said on Friday. link
SERBIA EXPECTS 2009 GDP GROWTH TO SLOW DOWN TO 3.0%, INFLATION TO DECELERATE TO 8.0% NEXT YR - C-BANK GOVERNOR Nov 14, 2008, 10:56 CET | Alert | SeeNews link
Vojvodjanska Banka - Daily Vobnews - Nov 14, 2008 Nov 14, 2008, 09:42 CET | Broker’s Report | AII Data Processing Ltd Serbia’s Vojvodjanska banka released its Daily Vobnews report for November 14, 2008. link
UPDATE 1 - Serbia, IMF Sign Standby Agreement, Agree on 2009 Budget Deficit of 1.5%/GDP Nov 14, 2008, 09:36 CET | Story | SeeNews (adds details) link
Serbia, IMF Sign Standby Agreement, Agree on 2009 Budget Deficit of 1.5%/GDP Nov 14, 2008, 09:09 CET | Story | SeeNews BELGRADE (Serbia), November 14 (SeeNews) – Serbia said it has signed a 15-month standby agreement with the International Monetary Fund (IMF) late on Thursday and agreed on a 2009 budget deficit equivalent to 1.5% of the country’s gross domestic product. link
National Bank of Serbia - Foreign Exchange Reserves - Oct 2008 Nov 14, 2008, 07:51 CET | State Agencies Reports | AII Data Processing Ltd The National Bank of Serbia (NBS) has released its monthly report on foreign exchange reserves for October 2008. link
National Bank of Serbia - Selected Monetary and Foreign Exchange Indicators - Oct 2008 Nov 14, 2008, 07:51 CET | State Agencies Reports | AII Data Processing Ltd The National Bank of Serbia (NBS) has released its monthly report on selected monetary and foreign exchange indicators for October 2008. link
National Bank of Serbia - NBS Lending and Deposit Interest Rates - Oct 2008 Nov 14, 2008, 07:51 CET | State Agencies Reports | AII Data Processing Ltd The National Bank of Serbia (NBS) has published its monthly report on lending and deposit interest rates for October 2008. link
National Bank of Serbia - Monetary Aggregates - Sept 2008 Nov 14, 2008, 07:50 CET | State Agencies Reports | AII Data Processing Ltd The National Bank of Serbia (NBS) has published its monthly report on monetary aggregates for September 2008. link
National Bank of Serbia - Monetary Indicators - Balance Sheet Data - Sept 2008 Nov 14, 2008, 07:50 CET | State Agencies Reports | AII Data Processing Ltd The National Bank of Serbia (NBS) has published its monthly balance sheet data on monetary indicators for September 2008. link
National Bank of Serbia - Balance of Payments - Jan - Sept 2008 Nov 14, 2008, 07:49 CET | State Agencies Reports | AII Data Processing Ltd The National Bank of Serbia (NBS) has published its monthly report on balance of payments for the period January - September 2008. link
National Bank of Serbia - Statistical Bulletin - Aug 2008 Nov 14, 2008, 07:48 CET | State Agencies Reports | AII Data Processing Ltd Statistical Bulletin is a monthly publication of the National Bank of Serbia consisting of two main sections:graphic presentation of economic developments in the Republic of Serbia with a brief comment and the statistical survey.The statistical survey comprises monetary and balance of payments statistics derived from data collected and processed by the NBS as well as statistics on the real and fiscal sectors derived mainly from data of the Republic Statistical Office and the Ministry of Finance.From 1999 onward, data are shown at annual level, whereas a majority of tables also contain monthly figures for the last 24 months.General methodological explanations and notes are given on final pages of the publication. link
National Bank of Serbia - Statistical Bulletin - July - Sept, 2008 Nov 14, 2008, 07:48 CET | State Agencies Reports | AII Data Processing Ltd Statistical Bulletin is a monthly publication of the National Bank of Serbia consisting of two main sections:graphic presentation of economic developments in the Republic of Serbia with a brief comment and the statistical survey.The statistical survey comprises monetary and balance of payments statistics derived from data collected and processed by the NBS as well as statistics on the real and fiscal sectors derived mainly from data of the Republic Statistical Office and the Ministry of Finance.From 1999 onward, data are shown at annual level, whereas a majority of tables also contain monthly figures for the last 24 months.General methodological explanations and notes are given on final pages of the publication. link
National Bank of Serbia - Stock of External Debt by Debtors and Creditors - Preliminary Data - Sept 2008 Nov 14, 2008, 07:46 CET | State Agencies Reports | AII Data Processing Ltd The National Bank of Serbia (NBS) has published its monthly preliminary reports on stock of external debt by debtors and creditors in euro and US dollar currencies as of September 30, 2008. link
National Bank of Serbia - Weighted Average Interest Rates on Securities Used in Open Market Operations - Oct 2008 Nov 14, 2008, 07:45 CET | State Agencies Reports | AII Data Processing Ltd The National Bank of Serbia (NBS) has released its monthly report on weighted average interest rates on securities used in open market operations for October 2008. link
Belgrade Stock Exchange - Daily Report - Nov 13, 2008 Nov 14, 2008, 07:40 CET | Specialists Reports | SeeNews The Belgrade Stock exchange has published its daily report on trading volumes and prices for November 13, 2008. link
* Slovenia *
Slovenian Resort Operator Terme Catez 9-mo Group Net Profit Falls 1.0% Nov 14, 2008, 17:16 CET | Story | SeeNews LJUBLJANA (Slovenia), November 14 (SeeNews) - Slovenian spa resort operator Terme Catez on Friday reported a 1.0% fall in group net profit to 4.479 million euro ($5.6 million) in the first nine months of 2008, despite a rise in sales. link
Slovenian Stock Indices Recover in Dull Trading Nov 14, 2008, 17:02 CET | Story | SeeNews LJUBLJANA (Slovenia), November 14 (SeeNews) - Slovenian stock indices gained ground amid low liquidity and uneventful trading on Friday, brokers said. link
Slovenia’s Pivovarna Lasko, Infond Holding Plan To Call Tender for 48% of Mercator by End-Nov Nov 14, 2008, 16:40 CET | Story | SeeNews LJUBLJANA (Slovenia), November 14 (SeeNews) - Slovenian brewer Pivovarna Lasko and its biggest shareholder, Infond Holding, plan to call a tender for their combined stake of around 48% in the country’s biggest food retailer Mercator by the end of this month, Pivovarna Lasko said on Friday. link
ANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different methods of financing in future, industry officials say. link
Slovenia’s September Construction Output Rises Real 19% Y/Y - Table Nov 14, 2008, 15:31 CET | Story | SeeNews LJUBLJANA (Slovenia), November 14 (SeeNews) - Slovenia’s September construction output, measured by the value of completed projects, rose by a real 19% year-on-year, the Statistics Office said on Friday. link
Slovenian Retailer Merkur Raises 9-mo Group Net Profit to 19.8 Mln Euro Nov 14, 2008, 15:24 CET | Story | SeeNews LJUBLJANA (Slovenia), November 14 (SeeNews) - Slovenian hardware goods retailer Merkur on Friday reported a group net profit of 19.8 million euro ($25 million) in the first nine months of 2008, up from 12.7 million euro it posted for the year-ago period. link
Slovenia’s Petrol 9-mo Group Net Profit Falls 9.0% to 42.2 Mln Euro Nov 14, 2008, 14:49 CET | Story | SeeNews LJUBLJANA (Slovenia), November 14 (SeeNews) - Slovenian fuel trader Petrol on Friday reported a 9.0% fall in group net profit to 42.2 million euro ($52.9 million) in the first nine months of 2008. link
SLOVENIAN FUEL TRADER PETROL SAYS 9-MO GROUP NET PROFIT FALLS BY 9.0% TO 42.2 MLN EURO Nov 14, 2008, 14:02 CET | Alert | SeeNews link
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