EMERGING EUROPE STOCKS-Factors to Watch Jan 7

                                
 WARSAW, Jan 7 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Wednesday.
                                
 
                                
 RUSSIA-UKRAINE GAS DISPUTE
                                
 Ukraine's state energy company Naftogaz said on Wednesday
that Russia had cut off all gas supplies to Europe via Ukrainian
territory at 0544 GMT.                          [ID:nL7290573]
                                
 Poland's gas imports via Ukraine remained unchanged in early
morning, after a drop by additional 7 million cubic metres on
Tuesday, gas operator Gaz System spokeswoman told Reuters on
Wednesday morning.
                                
 Hungary has limited the natural gas consumption of
industrial consumers after gas shipments via Ukraine halted, the
gas transmission company Foldgazszallito Zrt said on Wednesday.
                                
                                                  [nL7297271]
                                
 Polish President Lech Kaczynski, an outspoken critic of
Russia, said on Tuesday he had invited his Ukrainian counterpart
next week for talks on the natural gas crisis which has badly
disrupted supplies to Europe.                  [ID:nL6721400]
                                
 Bulgarians reacted with anger on Tuesday at the suspension
of Russian gas supplies to their country, which has left
thousands of people without heating during one of the coldest
spells of the winter.
                                
 Moscow's deepening gas dispute with Kiev cut supplies via
Ukraine to the Balkans, Turkey and southeastern Europe earlier
in the day, creating what Bulgaria called a "crisis situation".
                                
                                           [ID:nL6504291]
                                
 For more stories on the gas row, click on [ID:nLV634765]
                                
 
                                
 ZENTIVA
                                
 Czech generic drugs maker Zentiva <ZNTVsp.PR> called an
extraordinary general meeting for Feb. 9 to discuss a voluntary
takeover bid by Sanofi-Aventis <SASY.PA>.       [nPRG001185]
                                
 
                                
 PKN
                                
 Dutch-based Yukos International rejected a compensation
claim from Poland's leading oil refiner PKN Orlen <PKNA.WA> in a
dispute relating to PKN's purchase of Lithuanian refiner
Mazeikiu Nafta.                                [ID:nL6114276] 
                                
 Puls Bisnesu writes on Wednesday that PKN plans to buy two
upstream companies, citing the company's chief executive, who
gives no further details.
                                
 
                                
 ROMANIAN CAR SALES
                                
 Domestic sales by the Romanian units of Ford <F.N> and
Renault <RENA.PA> fell by 70 and 55 percent respectively in
December, Ziarul Financiar writes.
                                
 
                                
 HYUNDAI
                                
 Hyundai Motor Co <005380.KS> will limit production at its
Czech plant to four days a week for three months, local daily
E15 reported on its web site on Tuesday, putting more stress on
the cooling Czech economy.                    [ID:nL6242342]
                                
 
                                
 EUROPEAN MARKETS
                                
 European stocks are set to fall in early trade on Wednesday
as investors, rattled by a dismal 2008, book gains after a
six-session winning streak ahead of key U.S. jobs data due later
in the week.
                                
 For the latest news on European markets, double click [.EU]

                                
 WALL STREET
                                
 U.S. stocks gained on Tuesday on the increased likelihood of
a government stimulus package after the release of minutes from
the last Federal Reserve policy meeting painted a dismal picture
of the U.S economy.
                                
 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>