EMERGING EUROPE STOCKS-Factors to Watch Jan 22

                                
 WARSAW, Jan 22 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Thursday.
                                
 
                                
 AGORA
                                
 Polish publisher Agora <AGOD.WA> may have a net loss in the
fourth quarter after the company decided to write down the value
of its controversial purchase of Internet business Trader.com by
27.2 million zlotys ($8 million).               [ID:nLM373542]
                                
 
                                
 TPSA
                                
 Poland's top telecoms group TPSA <TPSA.WA> may revise its
strategy and cut down on acquisition and foreign expansion plans
to be better off in times of global financial gloom, its board
member told Puls Biznesu.                          [nLM210021]
                                
 
                                
 BIOTON
                                
 Polish businessmen Ryszard Krauze and Zygmunt Solorz-Zak
will take part in the planned rights issue by Poland's human
insulin maker Bioton <BOTN.WA>, Puls Biznesu said, citing an
unnamed source.
                                
 
                                
 PKN
                                
 Lithuanian refinery Mazeikiu Nafta, owned by Polish oil
group PKN Orlen <PKNA.WA>, plans to shut down for a full
maintenance turnaround early in 2010.            [ID:nLL52632]

                                
 PETROM
                                
 Romania's top oil and gas firm Petrom <SNPP.BX> received a
five-year revolving credit line worth up to 500 million euros
from its owner, Austrian OMV <OMVV.VI>.         [ID:nLL437159]
                                
 
                                
 PROCTER & GAMBLE
                                
 Consumer products maker Procter & Gamble <PG.N> will start
works on a $100 million plant in the central Romanian county of
Prahova in February, Gandul reports.

                                
 CORPORATE COMMERCIAL BANK
                                
 Bulgaria's Corporate Commercial Bank <CORP.BB> posted a net
profit of 40.3 million levs for 2008, up by 74 percent from a
year ago, Dnevnik writes.
                                
 
                                
 TELEFONICA
                                
 Spain's Telefonica <TEF.MC> won a 350 million euro ($454.2
million) contract to provide services for logistics group DHL,
Telefonica's Czech unit said. [ID:nLL174418]
                                
 
                                
 EUROPEAN MARKETS
                                
 European stock index futures rose on Thursday, tracking
gains in the U.S. and Asia as positive earnings in the
technology sector helped buoy investor sentiment.
                                
 Futures for the DJ Eurostoxx 50 <STXEc1>, German DAX <FDXc1>
and French CAC futures <FCEc1> were up 2.3-2.8 percent.
                                
 For the latest news on European markets, double click [.EU]

                                
 WALL STREET
                                
 U.S. stocks jumped on Wednesday, rebounding from a two-month
low, after a surprisingly healthy earnings report from IBM
fueled optimism that technology may fare better than other
sectors during the recession.
                                
 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)