EMERGING EUROPE STOCKS-Factors to Watch Jan 21

                                
 WARSAW, Jan 21 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Wednesday.
                                
 
                                
 BZ WBK
                                
 Poland's mid-sized lender BZ WBK <BZWB.WA> denies a report
it is to be sold by its Irish owner Allied Irish Banks <ALBK.I>.
                                
                                                 [nLL674243]
                                
 BRE
                                
 Polish BRE Bank <BREP.WA> warned on Tuesday its
fourth-quarter pre-tax profit would plunge to below 50 million
zlotys ($15 million) because of higher provisions, losses on
derivatives and higher costs.                     [ID:nLK27133]
                                
 
                                
 PKN
                                
 Moody's rating agency put all of PKN Orlen's <PKNA.WA>
ratings of 'Baa3' under review for downgrade. Orlen already has
a negative outlook on its 'BBB-' rating from Fitch.
                                
                                              [ID:nWNA4258]

                                
 HANDLOWY
                                
 Moody's rating agency put Handlowy <BAHA.WA> 'A2' domestic
and foreign currency bank deposit rating and financial strength 
(BFSR) of 'C-' rating under review for downgrade. [ID:nWNA4261]
                                
 
                                
 AUDI
                                
 German premium car maker Audi <NSUG.DE> <VOWG.DE>, one of
Hungary's biggest exporters, denied a report it was planning to
lay off 1,400-1,600 staff at its Gyor plant.     [ID:nLK396563]

                                
 
                                
 KRAFT FOODS
                                
 International giant Kraft Foods <KFT.N> is relocating a
chocolate factory to Bulgaria from Romani to expand production,
writes local news agency Agerpres.
                                
 
                                
 PETROM
                                
 Romania has transferred its remaining 21 percent stake in
top oil and gas firm Petrom <SNPP.BX>, majority-owned by
Austria's OMV <OMVV.VI>, to the economy ministry from
privatisation agency AVAS, says local news agency Agerpres.
                                
 
                                
 ENEL
                                
 Italy's power giant Enel <ENEI.MI> will invest roughly 700
million euros over the next five years in Romania mainly to
develop its power distribution lines, daily Ziarul Financiar
reports.
                                
 
                                
 MERCATOR
                                
  Slovenia's top food retailer Mercator <MELR.LJ> will invest
3 million euros ($3.89 million) in Bulgaria in 2009 and plans to
open its first store in the country by the end of the year,
Dnevnik daily writes.
                                
 
                                
 EUROPEAN MARKETS
                                
 European stock index futures fell early on Wednesday,
pointing to more losses for equities on mounting fears over the
stricken financial sector and signs that the global economic
downturn was deepening.
                                
 Futures for the Eurostoxx 50 <STXEc1>, Germany's DAX <FDXc1>
and the French CAC 40 <FCEc1> were down between 0.4 and 1.2
percent.
                                
 For the latest news on European markets, double click [.EU]

                                
 WALL STREET
                                
 Wall Street ushered in the Barack Obama presidency with a
record Inauguration Day drop on Tuesday amid fresh signs the
global bank crisis was far from over.
                                
 High expectations for details on how the new administration
would address the growing banking crisis and faltering economy
were dampened after the inauguration speech concluded with
little new information to digest.
                                
 For latest Wall Street news, double click [.N] 
                                
 
                                
 OTHER EQUITY NEWS
 Stocks on the move      [HOT-RTRS] Real-time Equity News    [E]
 Emerging markets equities [EMRG-E] E.Europe equities     [.CEE]
 Hot stocks                   [HOT] Stock markets          [STX]
 Emerging Europe diaries [EMRG-EUROPE-DIARY]

 European stocks report  [.EU]
 Major world stock market performance     [.STX]
 FTSE Eurotop 300 index...................<.FTEU3>
 DJ STOXX index...........................<.STOXX>
 Eurotop 300 sector gainers/losers...<.PGL.FTEU3S>
 Top 25 European pct gainers............<.PG.PEUR>
 Top 25 European pct losers.............<.PL.PEUR>
 European Equities speed guide.............<EUR/EQUITY>
 Pan European indices.....................<EUR/INDICES1>
 Pan European analysis.....................<EUR/STATS1>
 
 REGIONAL INDICES
 Warsaw WIG20 <.WIG20>     Istanbul ISE National 100 <.XU100>
 Budapest SE Index <.BUX>  Bucharest Beti <.BETI>
 Prague PX <.PX>           Zagreb Crobex <.CRBEX>
 Sofia Sofix <.SOFIX>      Ljubljana SBI20 <.SBI>
 
 MSCI Global Emerging Markets <.MSCIEF>
 FTSEurofirst 300 <.FTEU3>
 ($1=2.953 Zloty)