WARSAW, Oct 31 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Friday.
FINANCE MINISTER ON CRISIS
The first blow of global financial turmoil is already behind
Poland, but there are no guaranties it will be the last one,
Finance Minister Jacek Rostowski tells public radio.[]
PGE TO SELL NON-CORE ASSETS
PGE, Poland's No. 1 energy group will spin off all non-core
assets, including its stake in the country's second largest
mobile operator Polkomtel, Puls Biznesu reports.
PKN ORLEN TO RAISE POLKOMTEL STAKE
Poland' largest refiner PKN Orlen <PKNA.WA> upheld its plan
to raise its stake at Poland's second largest mobile opertor
Polkomtel, Parkiet writes. The refiner also reiterated it will
exit the firm once it hits the 24.4 percent level.
TRANSGAZ
Standard & Poor's cut its foreign currency corporate rating
on Romanian state-owned gas pipeline operator Transgaz <TGNM.BX>
to 'BB+' from 'BBB-', with the local currency corporate rating
unchanged at 'BBB-' and a negative outlook on both.
TRANSELECTRCIA
Standard & Poor's revised its outlook on Romanian power grid
operator Transelectrica <TSEL.BX> to negative from positive,
while affirming its 'BB+' long-term foreign and local currency
corporate ratings.
NUCLEARELECTRICA
Czech giant CEZ <>, Italy's Enel <ENEI.MI>,
Germany's RWE <RWEG.DE> and Beligium's Electrabel <LYOE.PA> will
each own 9.15 percent stake of the company that will develop
Romania's third and fourth nuclear power units.
Spain's Iberdrola <IBE.MC> and ArcelorMittal Romania will
own 6.2 percent stakes in the project worth 4 billion euros,
while Romania retains the majority stake in the project, daily
Ziarul Financiar cites market sources.
BRE
Poland's No. 3 lender BRE Bank <BREP.WA> expects the slowing
economy to boost bad debt provisions in the sector while
problems with liquidity will likely curb profit growth in the
fourth quarter. []
EUROPEAN MARKETS
European shares were set to open higher, tracking overnight
gains in the U.S. market on optimism that rate cuts by central
banks will help cushion a global economic downturn.
Financial bookmakers see Britain's FTSE <> up as much as
0.6 percent, Germany's DAX <> up as much as 1.5 percent
and France's CAC <> up as much 0.9 percent.
For the latest news on European markets, double click []
WALL STREET
For latest Wall Street news, double click []
For latest Wall Street news, double click []
OTHER EQUITY NEWS
Stocks on the move [] Real-time Equity News []
Emerging markets equities [] E.Europe equities []
Hot stocks [] Stock markets []
Emerging Europe diaries []
European stocks report []
Major world stock market performance []
FTSE Eurotop 300 index...................<>
DJ STOXX index...........................<>
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 <> Istanbul ISE National 100 <>
Budapest SE Index <> Bucharest Beti <>
Prague PX <> Zagreb Crobex <>
Sofia Sofix <.SOFIX> Ljubljana SBI20 <>
MSCI Global Emerging Markets <.MSCIEF>
FTSEurofirst 300 <>
