EMERGING EUROPE STOCKS - Factors to Watch Dec 19

                                
 WARSAW, Dec 19 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Friday.
                                
 
                                
 WARSAW BOURSE
                                
 The Warsaw bourse tightened trading limits for shares to a
5-percent range during the Friday session instead of the usual
10 percent to tighten control ahead of the day's expiration of
future contracts.
                                
 
                                
 OPTIONS
                                
 Losses on currency options at Polish companies may have
widened to as much as 11 billion zlotys ($3.9 billion), or
double the financial market regulator's recent estimates,
following the slide in the zloty, Parkiet estimates.
                                
 
                                
 PZU EYES PENSION FUND
                                
 Poland's largest insurer PZU is looking to buy a local
pension fund and is in talks about purchasing units owned by PKO
BP <PKOB.WA> and the Polish arm of the Belgian financial group
KBC <KBC.BR>, Gazeta Wyborcza reports without giving sources.
                                
 
                                
 BRD
                                
 The head of Romania's second largest bank BRD <BRDX.BX>
reiterated it may see its business grow 10-20 percent next year,
compared to 50-60 percent in previous years, Ziarul Financiar
reports.
                                
 
                                
 ROMGAZ
                                
 Romania's state-owned natural gas producer Romgaz sees its
revenues falling by 2-3 percent next year to 3.85 billion lei
($1.40 billion), Ziarul Financiar reported.

                                
 KGHM
                                
 Poland's copper miner KGHM <KGHM.WA> has shifted its
position on its nearly 25 percent stake in mobile operator
Polkomtel and does not rule out selling the stake, KGHM
spokesman said on Thursday.                       [ID:nLI191873]
                                
 
                                
 TPSA
                                
 Polish telecom company TPSA <TPSA.WA> will book a 180
million zloty provision in the fourth quarter for job
redundancies, the company said in a statement on Thursday.
                                
                                            [ID:nWAR007718]
                                
 
                                
 EUROPEAN MARKETS
                                
 European stocks were seen falling on Friday, tracking a drop
on Wall Street overnight and losing ground for the sixth time in
seven sessions, as sinking oil and metal prices hit heavyweight
energy and mining shares.
                                
 For the latest news on European markets, double click [.EU]
                                
 
                                
 WALL STREET
                                
 U.S. stocks fell for the second day on Thursday after
Standard & Poor's threatened to strip General Electric of its
'AAA' credit rating and slumping oil prices crippled energy
shares.
                                
 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=3.066 Zloty)
 ($1=2.856 Zloty)