EMERGING EUROPE STOCKS - Factors to Watch Sept 4

                                
 WARSAW, Sept 4 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Thursday.
                                
 
                                
 BRE BANK AND BZ WBK
                                
 Citigroup cuts Polish medium-sized lenders BRE Bank
<BREP.WA> and Bank Zachodni WBK <BZWB.WA> to 'hold' from 'buy',
the brokerage said in a report dated September 3.
                                
 
                                
 INTERCARS
                                
 ING raises car components distributor Inter Cars <IRCR.WA>
to 'buy' from 'hold' and cuts its target price for the stock by
20 percent to 69 zlotys, saying the company should benefit from
the zloty's recent weakness.
                                
 
                                
 CIECH
                                
 Poland's largest chemical producer Ciech <CECH.WA> may sell
its stake in insurance company PTU worth 230 million zlotys by
the end of September, newspaper Parkiet qoutes its source at the
company as saying.
                                
 
                                
 AGORA
                                
 Poland's largest publisher Agora <AGOD.WA> said average copy
sales of its flagship newspaper Gazeta Wyborcza fell 8.8 percent
to 386,000 daily in July.                      [ID:nL459956]
                                
 
                                
 PKN ORLEN AND LOTOS
                                
 Poland may free PKN Orlen <PKNA.WA> and Lotos <LTOS.WA> from
keeping obligatory oil and fuel reserves in return for fees, the
economy ministry said on Wednesday.            [ID:nL3543131]
                                
 
                                
 TVN
                                
 Audience share of Poland's TV broadcaster TVN's <TVNN.WA>
namesake channel fell to 13 percent in August, as viewers
switched to public television channels for the Olympics, the
company said in a statement on Wednesday.      [ID:nL3381295]
                                
 
                                
 PEKAO
                                
 Italy's bank UniCredit SpA <CRDI.MI> will rename its Polish
unit Pekao <BAPE.WA> as UniCredit Pekao next year, its chief
executive said on Wednesday.
                                
 
                                
 HIDROELECTRICA
                                
 Romania's state-owned hydro-power producer Hidroelectrica
plans to sell 17 micro hydro-power units in October for 40-50
million euros, the company's chief was quoted saying by Business
Standard.
                                
 
                                
 EUROPEAN MARKETS
                                
 European stock index futures are flat to lower in early
trade amid growth worries, with the DJ Euro Stoxx 50 futures
<STXEc1> and DAX futures <FDXc1> down 0.1-0.2 percent and CAC
futures <FCEc1> flat.
                                
 For the latest news on European markets, double click [.EU]
                                
 
                                
 WALL STREET
                                
 The S&P 500 and the Nasdaq fell on Wednesday as signs of
increasingly sluggish growth in the United States and the rest
of the world rattled investors already unsettled about the
outlook for consumer spending and corporate profits.
                                
 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=2.059 Zloty)
 ($1=2.092 Zloty)
 ($1=2.220 Zloty)
 ($1=29811 Lei)