Daily Snapshot
May 09, 2008
Selected titles of news and analyses published by CEEMarketWatch.
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Central And Eastern Europe
Poland
MPC's Filar says 1 hike by Jun., further moves after projection
Data note: CSO changes wage and employment report to May 19
MPC's Nieckarz sees GDP growth of 4-4.5% in Q4 on EU slowdown, zloty strength
Registered unemployment rate falls to 10.5% in Apr. - LabMin
MPC's Czekaj says weak coming data would mean no need to hike
Czech Republic
EC recommends suspension of excessive deficit procedure
Hungary
Budapest transport company to start a longer strike towards end of May
Industrial growth decelerates sharply in March - preliminary
Veres mentions some plans about ownership programme
Slovakia
Fitch prepares to hike Slovakia's rating in wake of positive EC euro verdict
Russia
Merchandise trade surplus rises to USD 17bn on higher exports
FinMin to offer RUR 50bn at 7.5% in support of bank liquidity
Duma approves Vladimir Putin as PM
CBR reserves up by USD 4.4bn in week April 26 – May 2
Putin to be approved today as new PM
Ukraine
Experts assess negatively performance of Rada during first six months
President Yushchenko expresses worry about high inflation
Kazakhstan
Unemployment decelerates to 6.9% in Q1 2008
Turkey
End-year inflation expectations increase to 8.55% y/y
President Gul approves amendment to Article 301 and social security reform
Industrial growth moderated, up by 2.4% y/y in March
France gives green light to open up new chapters in EU accession talks
Majority of public expects AKP to be closed – poll
Bulgaria
Central heating companies request 15-20% price increase as of July
Kremikovtsi may have new owner very shortly
Romania
Industrial output increases by 5.4% y/y in Q1
Isarescu: BNR revises inflation forecast to 6% in 2008
CNVM plans to cut stock exchange transaction fees
Land prices in Bucharest - from EUR 150 to EUR 4,500/m2 in 2007
Romania does not fulfil conditions for adoption of euro
Croatia
Polancec believes central bank policy more burdensome for economy
PPI inflation accelerates slightly to 7.7% y/y in April
Labour productivity in industry grows by just 0.7% y/y in March
Central bank ready to step up on financial markets’ liquidity
Entrepreneurs cautious on EU membership – poll
Serbia and Montenegro
SERBIA: Nikolic reiterates desire to form ruling coalition with DSS
SERBIA: Parliamentary elections – promises, rhetoric, expectations
SERBIA: Budget posts RSD 7.1bn deficit in April
SERBIA: Serbian government to discuss important issues during media blackout
Bosnia-Herzegovina
Local elections scheduled for October 5
CPI growth picks up to 7.1% y/y in March
Lajcak calls on EU not to delay signing of SAA with BiH
Middle East and North Africa
Algeria
CPI inflation accelerates to 5.3% y/y in Mar 08
Egypt
CPI inflation jumps to 16.4% y/y in April, rate hike likely
Lafarge sells stake in cement joint venture in Egypt for EUR 330mn
Forex reserves in Apr 08 up 24.9% y/y to USD 33.81bn
Gulf Cooperation Council
GCC investment in SMI reached USD 10.8bn
ABU DHABI: ADCB acquires 25% stake in Malaysia's RHB Capita
UAE: Adnec acquires ExCeL London for USD 626mn
Jordan
Jordan purchases 100,000 tons Ukrainian wheat
Lebanon
Crisis deepens as Nasrallah threatens to take over the government
Opposition vows no retreat after day of clashes
Morocco
Morocco reiterates request for advanced status with EU
Tunisia
CPI inflation accelerates to 6% y/y in Apr 08
Sub-Saharan Africa
Botswana
BWP 70m listed on Exchange
VP facing challengers for constituency
Cameroon
More arrested in corruption crackdown
Boost local food production, recommend businessmen
Ghana
Transport prices rise after latest fuel price hike
Hong Kong energy company to start business in Ghana
NDC introduces vice presidential candidate Mahama to Ghanaians
Kenya
EAC Common Market under discussion
Telkom Kenya signs KES 8.9bn contract for GSM network
Nigeria
Nigeria failed to meet 06 & 07 local content targets in energy sectors
FEC suspends levies and duties on rice imports between now and end-October 08
Forex inflows at USD 8.41bn in January 2008, up 38% y/y
South Africa
Manufacturing output slumps -4% m/m in March
Manufacturing capacity utilisation falls to 84.8% in February
Nedbank reports sharp rise in bad debts during Q1 2008
Manuel warns against populist measures to combat food price inflation
Tanzania
EU pledges EUR 555mn aid for 2008-2013
Uganda
LRA negotiator to meet Machar on Saturday
Zambia
Government to suspend maize exports
CPI inflation accelerates to 10.1% y/y in April - detailed data
Zimbabwe
Army distances itself from political violence
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Written by CEEMarketWatch. The report is based on sources, which we believe to be reliable, but no warranty, either express or implied, is provided in relation to the accuracy or completeness of the information. The views expressed are our best judgement as of the date of issue and are subject to change without notice. Any redistribution of this information is strictly prohibited. Copyright © 2008 CEEMarketWatch, all rights reserved.
