EMERGING EUROPE STOCKS - Factors to Watch Dec 22

                                
 WARSAW, Dec 22 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Monday.
                                
 
                                
 KGHM
                                
 ING cuts Europe's top copper miner KGHM <KGHM.WA> to hold
from buy and its target price for the stock to 30.8 zlotys from
129, the brokerage said in a report dated December 19.
                                
 
                                
 REDAN
                                
 Fourth quarter at Polish clothes retailer Redan <REDA.WA>
will be its record one, with net profit for the period exceeding
last year's 2.8 million zlotys level, the group's deputy CEO
Bogusz Kruszynski told daily Parkiet.
                                
 
                                
 NETIA
                                
 Poland's second largest phone operator Netia <NTIA.WA>
targets 1 million broadband clients and a 17-percent share in
the Polish Internet market, the group's CEO Miroslaw Godlewski
told Gazeta Wyborcza daily.
                                
 
                                
 LOTOS
                                
 Lotos Exploration and Production Norge, controlled by
Poland's second largest refiner Lotos <LTOS.WA>, won minority
stakes in four new oil licences in the North Sea and the
Norwegian Sea, it said on Friday.       [ID:nLJ746413]
                                
 
                                
 NUCLEAR CONSORTIUM
                                
 Poland's top power producer Polska Grupa Energetyczna (PGE)
will setup an international consortium to build nuclear plants
in Poland in the first quarter of 2009, daily Parkiet reported
on Saturday quoting unnamed sources.    [ID:nLK175554]
                                
 
                                
 ALRO
                                
 Vimetco <VICOq.L>, the majority shareholder of aluminium
smelter Alro <ALRO.BX> may decide to lay off around 1,200
employees and halve production next year due to the world
financial crisis, Ziarul Financiar reported.
                                
 
                                
 EUROPEAN MARKETS
                                
 European shares were poised to edge lower on Monday as more
evidence the global downturn will be a severe one rattled
investors, but a timid recovery in commodity prices could lend
support to recently hammered mining and oil shares.
                                
 For the latest news on European markets, double click [.EU]
                                
 
                                
 WALL STREET
                                
 The S&P 500 and Nasdaq rose on Friday after the U.S.
government said it would throw a $17.4 billion lifeline to
automakers grappling with falling consumer demand.
                                
 Investors could do their holiday shopping on Wall Street
this week as bargain-basement prices for stocks and optimism
over efforts to fight the year-long recession may prompt a
year-end rally.
                                
 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)