EMERGING EUROPE STOCKS - Factors to Watch June 27

                                
 WARSAW, June 27 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Friday.
                                
 
                                
 MAGYAR TELEKOM
                                
 UBS raises Hungarian phone group Magyar Telekom <MTEL.BU> to
"buy" from "neutral".
                                
 
                                
 TPSA
                                
 Telecoms group TPSA <TPSA.WA> is seeking 220 million zlotys
($102.8 million) from the government to help fund basic services
in rural areas. The company would be eligible for support if it
proves the services are loss making, writes Gazeta Wyborcza.
                                
 
                                
 ENEA
                                
 Power group Enea plans to debut on the Warsaw bourse in the
first days of August, daily Rzeczpospolita writes. It would be
the biggest public offer of Poland's state-owned company since
2005.
                                
 
                                
 PEKAO
                                
 Poland's largest bank, Bank Pekao <BAPE.WA>, plans to change
its name to UniCredit Pekao, daily Gazeta Wyborcza writes.
                                
 
                                
  WARSAW BOURSE
                                
 The Warsaw bourse is in talks with a small Ukrainian stock
exchange Inneks to buy a stake in the bourse which had
3.37-percent share of the Ukrainian market in 2007, daily
Parkiet reports.
                                
 
                                
 HUNGARY RAIL STRIKE
                                
 Railway workers will resume a strike in July unless a deal
is reached with the leadership of the state railways. The boards
of the Free Union of Railway Workers and company MÁV-Start
decided without dissension to continue the strike on Thursday.
                                
 
                                
 BUDAPERST STOCK EXCHANGE
                                
 The extraordinary general meeting of the Budapest Stock
Exchange (BSE) will be convened in the autumn when a new
chairman will be appointed, Vienna Stock Exchange (VSE) chairman
Michael Buhl tells Heti Valasz. In the interview he denied plans
to merge the Vienna and the Budapest bourses.
                                
 
                                
 ENEL, EMS
                                
 Italian power company Enel SpA <ENEI.MI> plans to invest 220
million euros at its Romanian unit Electrica Muntenia Sud (EMS)
in the following three years for the modernisation of the
distribution network.
                                
 EMS budgeted 380 million euros for investments through 2012.

                                
 CYFROWY POLSAT
                                
 Polish pay-TV operator Cyfrowy Polsat <CPSM.WA> will pay
37.6 million zlotys in 2007 dividend, or 0.14 zlotys per share.
It also plans to spend 33-66 percent of earnings on dividend
through 2010.                                 [ID:nL2643287]
                                
 
                                
 PZU
                                
 Poland and Dutch insurer Eureko break off talks on settling
their long running dispute over the ownership of Polish insurer
PZU after failing to reach a deal by a June deadline.
                                
                                          [ID:nL26360110]
                                
 
                                
 EUROPEAN MARKETS
                                
 European stocks were expected to see further losses at the
open on Friday, as oil hit a new all-time high above $140 a
barrel over night for the first time and with sentiment surveys
and inflation data in the spotlight on both sides of the
Atlantic as fears over stagflation heighten.
                                
 For the latest news on European markets, double click [.EU]
                                
 
                                
 WALL STREET
                                
 U.S. stocks plunged on Thursday, with the Dow sliding about
360 points to a 21-month low as oil hit a record and Wall Street
powerhouse Goldman Sachs urged investors to sell bank and
automaker shares, escalating concern about the profit outlook.
                                
 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=2.140 Zloty)