EMERGING EUROPE STOCKS-Factors to Watch Jan 20

                                
 WARSAW, Jan 20 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Tuesday.
                                
 
                                
 PAGED
                                
 Furniture maker Paged <PAGD.WA> estimated the negative
valuation of the soured currency options held by its three unit
at 53 million zlotys ($16.3 million).
                                
 
                                
 ACCOR, ORBIS
                                
 Accor <ACCP.PA> does not plan to call a tender for shares it
does not own in Polish hotel group Orbis, the head of the Frech
hotels and services group tells Parkiet.
                                
 
                                
 KGHM 
                                
 KGHM does not plan to raise salaries this year,
Rzeczpospolita quoted a union official as saying after a meeting
with the copper minder's chief executive.
                                
 
                                
 CZECH AIRLINES
                                
 The Czech government approved two-round tender conditions
for the sale of national carrier Czech Airlines (CSA), pushing
ahead with the privatisation despite a deepening global economic
crisis.                                          [ID:nLJ564851]
                                
 
                                
 MOL
                                
 Hungarian oil and gas group MOL <MOLB.BU> does not need any
new credit until Oct. 2010 as its existing loans are sufficient
to cover its financing needs, its chief financial officer told
daily Napi Gazdasag.                            [ID:nLK294112]
                                
 The European Union has to provide financial support, at
least capital guarantees to the Nabucco gas pipeline to get the
project going, MOL's executive chairman said.   [ID:nLJ77641]
                                
 
                                
 BCR
                                
 The employees union of Romania's largest bank BCR, owned by
Austria's Erste Bank <ERST.VI> will decide on Tuesday whether to
strike over pay or accept the bank's offer, daily Ziarul
Financiar writes.
                                
 
                                
 PGNIG, PULAWY, PKN
                                
 Poland's gas monopoly PGNiG <PGNI.WA> will resume normal gas
supplies to fertiliser maker Pulawy <PULW.WA> and oil refiner
PKN Orlen <PKNA.WA> later on Monday.              [ID:nLJ134254]
                                
 
                                
 EUROPEAN MARKETS
                                
 European stocks were set to fall on Tuesday, tracking sharp
losses in Asia and adding to the previous session's drop as
investors fretted about the impact of the turmoil in the
financial sector on ailing economies.
                                
 Financial spreadbetters expect Britain's FTSE 100 <.FTSE> to
open 4 to 19 points lower, Germany's DAX <.GDAXI> to open 10 to
21 points lower and France's CAC-40 <.FCHI> to open 2 to 13
points lower.
                                
 For the latest news on European markets, double click [.EU]

                                
 WALL STREET
                                
 U.S. stocks rose on Friday on strength in the energy sector
and companies that hold up well in recessions, while reassuring
comments from Britain's Barclays late in the day helped
financials cut losses that had driven the market lower earlier.
                                
 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)