STOCKS NEWS EMERGING EUROPE-Orco, ECM recover from lows

                                
 STOCKS NEWS                     Reuters           Regional
Stocks
                                
 Stocks on the move [HOT-RTRS]   Real-time Equity News [E]
 [.CEE]
                                
 REGIONAL INDICES
                                
 Warsaw WIG20 <.WIG20>          Bucharest Beti <.BETI>
                                
 Budapest SE Index <.BUX>       Prague PX <.PX>
                                
 Zagreb Crobex <.CRBEX>         Sofia Sofix <.SOFIX>
                                
 Ljubljana SBI20 <.SBI>         Istanbul ISE National 100
<.XU100>
                                
 
                                
 1255 GMT 2Sept2008 Orco, ECM up as financing worries ease
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Prague-listed developers Orco Property Group <ORCOsp.PR> and
ECM Real Estate Investments <ECMPsp.PR> extend their rebound
from last week's record lows as concerns over financing ease.
                                
 "Investors see they may have bottomed out," a local trader
said, adding conference calls last week helped weaken concerns
over financing.
                                
 By 1255 GMT Orco gained 10.5 percent and ECM added 5.8
percent, but are still down 66.1 percent and 57.4 percent,
respectively, year to date.
                                
 rm://jason.hovet.thomsonreuters.com@reuters.net
                                
 
                                
 1220 GMT 2Sept2008 Pekao, peers drive Warsaw higher
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 Polish largest lender Pekao <BAPE.WA> and other banks push
Warsaw stocks 2 percent higher, mirroring gains in European
shares sparked by a fall in global oil prices.
                                
 "A drop in oil prices coupled with a rise in dollar against
the euro creates the best climate for buying stocks," said
Miroslaw Saj, trader at DnB Nord in Warsaw.
                                
 Pekao rises 4.1 percent, BRE Bank <BREP.WA> jumps 6.9
percent, while Getin <GETI.WA> adds 5.6 percent.
                                
 rm://piotr.skolimowski.thomsonreuters.com@reuters.net
                                
 
                                
 0808 GMT 2Sept2008 KGHM, PKN fall, track commodity prices
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 Poland's largest oil refiner PKN Orlen <PKNA.WA>, and
Europe's leading copper miner KGHM <KGHM.WA> drop in Warsaw,
tracking falling commodity prices.
                                
 "PKN, as a refiner, is not directly tied to oil prices, but
investors like to link the two," said Adam Gawlik, fund manager
at PZU Asset Management in Warsaw. "KGHM is directly hit by
falling copper prices."
                                
 KGHM falls almost 3.0 percent, while PKN loses 1.6 percent,
underperforming the large cap WIG20 index <.WIG20>, which gained
about 1 percent.
                                
 rm://adrian.krajewski.thomsonreuters.com@reuters.net