EMERGING EUROPE STOCKS-Factors to Watch Jan 14

                                
 WARSAW, Jan 14 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Wednesday.

                                
 GAS DISPUTE
                                
 Russia and Ukraine faced another day of sparring over gas
supplies on Wednesday and two European Union states launched
fresh diplomacy to end a dispute that is weighing heavily on
their economies.                                [ID:nLD73352]

                                
 PKN
                                
 Poland's largest refiner PKN Orlen <PKNA.WA> wants to use
the global financial crisis and low oil prices to find bargains
among exploration and extraction companies, its chief executive
tells Reuters.                                      [nLD67556]
                                
 
                                
 PGNIG
                                
 Labour unions at natural gas monopoly PGNiG <PGNI.WA> will
ask for an 8 to 11 percent pay increase, which may cost the
company up to 50 million zlotys in additional salary expenses,
Parkiet reports, citing union leaders.

                                
 KGHM
                                
 The copper miner KGHM <KGHM.WA> plans to start test drilling
for new deposits in the south-eastern Germany's state of Saxony
in July or August, newspaper Parkiet reports the chief executive
of the company's Cuprum subsidiary as saying.
                                
 
                                
 VOLKSWAGEN
                                
 Skoda Auto, a unit of Volkswagen <VOWG.DE>, has delayed the
premiere of its light-terrain vehicle Yeti until at least
September from the second quarter, E15 reports.
                                
 
                                
 CZECH MORTGAGES
                                
 Initial industry analyst estimates show the Czech mortgage
market dropped 15-20 percent to 117 billion to 120 billion
crowns ($5.80 billion-$5.94 billion) in 2008, Mlada Fronta Dnes
writes.

                                
 BCR
                                
 Employees of Romania's biggest bank BCR <ERST.VI> <ERST.BX>
postponed a pay strike planned for Wednesday after receiving a
new pay offer, the head of the bank's staff union said.
                                
                                              [ID:nLD145507]

                                
 HUNGARIAN FUND MANAGERS
                                
 Total assets managed by members of the Hungarian fund
managers association Bamosz grew by 0.7 percent in December to
2,526 billion forints, Hungarian media report. Total net capital
of 14.5 billion forints arrived at the funds last month and
market transactions added 3 billion forints to total assets.
                                
 
                                
 DREAMCOM
                                
 DreamCom Tavkozlesi, a joint venture of Externet and Telekom
4, made the best bid for the right to operate the fourth
mobile-phone service company in Hungary, Napi Gazdasag says.
                                
 
                                
 RABA
                                
 Vehicle manufacturer Raba <RABA.BU> signed contracts with
Belarus company Belkomunas and Russia's TrolZa to sell axles for
buses, reports Nepszabadsag's Hungary Around the Clock service.

                                
 EUROPEAN MARKETS
                                
 European stocks were set for a higher opening on Wednesday
after falling for five sessions in a row, with a rise in Asian
shares seen providing support to the market, but concerns about
a difficult earnings season may cap gains.
                                
 For the latest news on European markets, double click [.EU]

                                
 WALL STREET
                                
 The Dow fell for the fifth straight day on Tuesday as
investors fretted over what many expect will be a gloomy
earnings season, overshadowing a boost in financials on bets
U.S. authorities will take toxic assets off banks' balance
sheets.
                                
 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)