EMERGING EUROPE STOCKS - Factors to Watch Dec 15

                                
 WARSAW, Dec 15 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Monday.
                                
 
                                
 TPSA
                                
 Polish telecom regulator UKE decide to go ahead with the
split of the country's leading operator TPSA <TPSA.WA> into two
units to boost market liberalisation, the watchdog's chief was
quoted as saying on Monday.                        [nLF287216]
                                
 
                                
 OPTIONS
                                
 Polish companies have so far owned up to 500 million zlotys
($166 million) in losses from currency hedging after being
wrong-footed by the zloty's drop since September. [ID:nLC382343]
                                
 Economy Minister Waldemar Pawlak will discuss the issue at a
news conference at 1215 GMT.
                                
 
                                
 POL-AQUA
                                
 Polish builder Pol-Aqua <PQAA.WA>, which has lost 80 percent
of its market value this year and scrapped its 2008 forecasts,
has no exposure to currency options and expects 2009 sales to
grow by 20-25 percent, its chief executive tells Parkiet.
                                
 
                                
 CAR INVESTMENT
                                
 U.S. carmaker FORD <F.N> and France's Renault <RENA.PA>,
which have production plants in Romania, have asked the
government to offer state guarantees for a combined 500 million
euros worth of planned investment, Ziarul Financiar reports.
                                
 
                                
 PETROL
                                
 Bulgaria's fuel distributor Petrol <PETB.BB> posted a
consolidated profit of 281.1 million levs ($190.7 million) for
the first nine months of 2008, compared to a loss of 2.74
million levs in the year-ago period, Pari writes.

                                
 ZELMER
                                
 Poland's leading home appliance producer Zelmer <ZELM.WA> on
Friday cut its 2008 net profit forecast by 32 percent to 33.6
million zlotys because it had to set aside 18.6 million to cover
losses on currency hedging contracts with four commercial banks.
                                
 
                                
 ASSECO
                                
 Asseco Poland <SOBK.WA>, eastern Europe's top software
group, sold 0.9 million treasury shares on Friday, less than
previously planned.                               [ID:nLC260051]
                                
 
                                
 GETIN
                                
 Michal Handzlik will become the chief executive of Getin
Bank, a part of the financial group Getin Holding <GETI.WA>, in
January, and plans to put more focus on cash loans rather than
mortgage lending, he tells Parkiet.
                                
 
                                
 NETIA
                                
 MNI <SZEP.WA> and Crowley Data Poland want to buy a stake in
Poland's No.2 telecom operator Netia <NTIA.WA> from Islandic
fund Novator, with Crowley alone willing to purchase the mobile
phone operator P4 from Novator, Puls Biznesu daily reports,
citing a person close to the fund.
                                
 
                                
 BUDAPEST AIRPORT
                                
 Talks between striking unions and Budapest Airport broke
down on Sunday, unions said, causing more delays and flight
cancellations at Hungary's biggest international airport.
                                
                                           [ID:nLE494045]
                                
 
                                
 GAZPROM, GDF, E.ON, FOGAZ
                                
 Gazprom of Russia, GdF of France, E.ON of Germany and also
financial investors are interested in purchasing Budapest's
majority stake in local natural gas distributor Fogaz, Hungarian
press writes.
                                
 
                                
 EUROPEAN MARKETS
                                
 European stocks were poised to rise on Monday, snapping a
two-session losing streak, as revived hopes of a bailout for the
stricken U.S. auto industry sparked a rally in equities
worldwide.
                                
 For the latest news on European markets, double click [.EU]
                                
 
                                
 WALL STREET
                                
 Wall Street's push to recover from 11-year lows could hit
major speed bumps this week as investors fret about the U.S.
automakers' fate and the Federal Reserve holds its last
scheduled policy meeting of 2008.
                                
 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=3.066 Zloty)