Daily Snapshot
Aug 28, 2008
Selected titles of news and analyses published by CEEMarketWatch.
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Central And Eastern Europe
Poland
MPC leaves rates unchanged, more tightening still possible
Fitch’s credit rating for Poland could rise if public finances improve
Czech Republic
CEZ to invest EUR 1.1bn in Romanian wind farm
Nominal wage growth decelerates to 8% y/y in Q2
Business confidence deteriorates further in August
Hyundai car plant to start operations in November
Hungary
PM Gyurcsany presents tax plans – analysis
Government to cut taxes by HUF 300bn next year
3% inflation target may be achieved already in 2009 – NBH analyst
Slovakia
Petrol, diesel prices fall in mid Aug, fuel index growth to slow to 10.4% y/y
PM Fico loses temper over media attacks
Energy regulator rejects SPP price hike request
Russia
AvtoVAZ to acquire IzhAvto
Another zero weekly inflation during Aug 19-25, cumulatively 9.5% ytd
Shares of Russian companies decline to two-year low
Ukraine
One more exchange of accusations between President and PM
Kazakhstan
Kookmin Bank buys 23% stake in Bank CenterCredit
Turkey
Former currency TL to replace current currency YTL in 2009
Bulgaria
Business confidence deteriorates further in August
Government debt declines by EUR 31mn in July
BSP leadership supports cut in social contributions
Romania
CEZ to invest EUR 1.1bn in wind power park in Romania
Croatia
Lights metal factory TLM cuts loss to EUR 2.1mn in H1
Sanader vows to keep inflation under control
Serbia and Montenegro
SERBIA: Serbia concerned by Russia's recognition of South Ossetia and Abkhazia
Bosnia-Herzegovina
Kuwait firm to invest EUR 127mn in new housing complex in Bihac
EIB grants FBiH EUR 60mn for water supply and wastewater treatment
Middle East and North Africa
Algeria
Govt has allocated USD 2.5bn in food subsidies in 2008
Cabinet approves 2009 draft budget
Gulf Cooperation Council
OMAN: Muscat Bank to auction USD 650mn certificate of deposits
Dubai Holding inks USD 1.16bn syndicated loan
OMAN: Kuwait's Zain mulls Omantel stake acquisition
Israel
Unemployment rate declines to record low level of 5.9% in Q2/08
Jordan
Jordan and Canada conclude FTA negotiations
Lebanon
Speaker Berri postpones vote on electoral law for Sept 25
Tunisia
Tourism proceeds hit TND 2bn in Jan-Aug 08
Sub-Saharan Africa
Cameroon
Cashier 'escapes' with XAF 2bn at Douala treasury
Producers discuss banana quotas ahead of WTO negotiations
Ghana
Tomato glut facing Ghana
Burkinabe authorities make controlled spillage of excess water at Bagre Dam
Over 12,000 biometric smartcards issued since April
Ivory Coast
Inflation picks up marginally to 5.2% y/y in June
India’s Tata Steel sets up subsidiary, may invest USD 2bn in mining
Nigeria
Government makes home insurance mandatory
Government announces measures aimed at stabilising capital markets
South Africa
CPIX accelerates to 13% y/y in July, above expectations
Anglo American expresses concern over power supply to mining sector
Telkom still in talks related to proposed restructuring
Tanzania
MPs urge BoT to look into interest rates for private institutions
Uganda
BoU continued to tighten liquidity in July
Construction costs increase by 15.8% y/y in June
Umeme to spend USD 100mn by 2010
Zambia
FinMin to try win party nomination to run in presidential by-election
Zimbabwe
MDC wants urgent resumption of talks
Four opposition MPs arrested
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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.
