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Selected CEE/MENA Headlines - May 8, 2013
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ALBANIA

•  Albania calls tender for customs equipment.
•  Albania central bank sees stable performance of banking sector.
•  German Hochtief sells stake in Tirana airport to Canada’s PSP Investments.

BALTIC STATES

•  Estonian Loto revenues up by 12.3% y/y in Q1.
•  Lithuanian banks profit down by 9.3% y/y in Q1.
•  Bite Group EBITDA up by 13% y/y in Q1.
•  Latvia's central bank’s foreign reserves down by 1% m/m in April.

BOSNIA AND HERZEGOVINA

•  Bosnia’s bank assets growth quickens to 3.9% y/y at end-March 2013.
•  Bosnia’s bank deposits rise 5.6% y/y to EUR 7bn at end-March 2013.
•  Bosnia's FX reserves up 3.5% y/y to EUR 3.2bn at end-March 2013.

BULGARIA

•  Bulgaria's general budget gap widens to EUR 407mn in Q1 2013
•  Voter turnout at Bulgarian general election may decrease due to negative campaign - NCIOM
•  Bulgaria's fiscal reserve up 8.9% m/m to EUR 2.2bn in March 2013
•  Bulgaria's foreign reserves rise 2.5% m/m in April 2013

CROATIA

•  Zagreb bourse’s April turnover drops 20.8% m/m to EUR 34mn.
•  Croatia should encourage investments to stimulate growth – PM Milanovic.
•  Croatia's new car sales down 34.2% y/y in Jan-Apr 2013.

HUNGARY

•  Hungary's industrial output declines 2.9% y/y in March 2013.
•  Hungary’s budget deficit surges 132% y/y in Jan-April 2013.
•  Hungary's international reserves rise 1.2% m/m in April 2013.
•  Demand for Hungary's three-month T-bills increases at primary auction.

KAZAKHSTAN

•  Kazakhstan holds first military parade in its history.
•  KEGOC ready to participate in People's IPO.
•  Cement plant to be constructed in Kyzyl Orda region.
•  UniCredit completes sale of its Kazakh unit.

KOSOVO

•  Number of unemployed persons in Kosovo down 20% y/y at end-2012
•  Kosovo's public sector wages up 1% y/y to EUR 351 in Jan 2013, employment unchanged.

MACEDONIA

•  Macedonia’s foreign reserves down 3.8% m/m at end-April 2013.
•  Macedonia raises EUR 138.1mn on domestic market, yields stay flat.
•  Macedonian energy regulator raises fuel prices.

MIDDLE EAST & NORTH AFRICA

•  Qatar's central bank sells QAR 4bn in T-bills, lures QAR 10.5bn in offers
•  Egypt’s cabinet reshuffle affects economic and legal teams
•  S&P revises outlook for Saudi developer Dar Al Arkan to positive on resilient performance
•  Operating conditions in Egypt’s private sector continue to deteriorate in April - PMI
•  Algeria’s budget deficit widens 33% y/y to USD 41.6bn in 2012
•  Lebanon’s Solidere concludes USD 185mn securitization deal

MONTENEGRO

•  Montenegro's retail sales increase 4.3% y/y in March 2013.
•  EBRD, KfW to lend Montenegro EUR 85mn for electricity transmission upgrade
•  Montenegrin government to explore ways to meet demands of striking miners

POLAND

•  Think tank IBnGR expects Poland's GDP growth at 2.9% in 2012, at 3.2% in 2013
•  Poland to offer EUR 0.8-1.3bn in 5-year T-bonds at Thursday auction
•  Polish audit watchdog NIK critical on focus on lowest price only in road tenders
•  Austria's Immofinanz becomes 53rd foreign company listed on Polish WSE

ROMANIA

•  China's Lightway Solar to build 50MW solar power park in Romania.
•  EBRD mulls EUR 200mn loan to Romanian power producer Oltenia.
•  Romania seeks contractors for 230km of motorways.
•  Romanians protest against plans of Austria’s Schweighofer to build new wood processing plant

RUSSIA

•  Russia's CPI inflation up to 7.2% y/y in April.
•  Russia's Putin slams government.

SERBIA

•  Serbia's foreign tourist arrivals increase 3.3% y/y to 142,616 in Q1 2013
•  Belgium’s Delhaize plans to open 20 new shops in Serbia in 2013
•  Interest rates on new dinar loans in Serbia rise in March 2013.
•  World Bank says USD 400mn budget support to Serbia depends on IMF deal

TURKEY

•  Turkish industrial output expected to increase 1.3% y/y in March.
•  Turkish lender Is Bankasi increases consolidated net profit 36% y/y in Q1.
•  Turkish lender Yapi Kredi increases consolidated net profit 32% y/y in Q1.
•  PKK militants to begin withdrawing from Turkey today.

UKRAINE

•  Ukraine reports deflation of 0.8% y/y in April.
•  Ukraine’s Industrial Milk Company not to pay dividends for 2012.
•  Ukraine registers PPI deflation of 1% y/y in April.
•  Trading volume on Ukrainian Exchange up 18.1% m/m in April.
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