WARSAW, Oct 6 (Reuters) - Here are news stories, press reports and events to watch which may affect Central/Eastern Europe's financial markets on Monday.
SKODA
Skoda Auto, a unit of Germany's car maker Volkswagen <VOWG.DE>, posted a 4 percent growth in car sales in September, Skoda's sales director is quoted as saying in Mlada Fronta Dnes. He added double digit growth rates seen in past years is over.
CEZ
The government halted a sale of a 7 percent stake in state-controlled power group CEZ <
> due to the negative developments on global equity markets, the finance minister tells Hospodarske Noviny.
BANCA TRANSILVANIA
Banca Transilvania <BATR.BX>, the largest Romanian-owned private bank, tripled its net profit in the first nine months to 396.6 million lei ($142 million) and is considering acquisitions, particularly on the local market, Ziarul Financiar reports.
PETROM
Romanian top oil group Petrom <SNPP.BX>, owned by Austria's OMV <OMVV.VI>, bought from its employee union a 20.9 percent stake in airplane fuel provider Petrom Aviation for 2.5 million euros, raising its stock to 69.4 percent, says Business Standard.
TMK ARTROM
Steel pipe maker TMK-Artrom Slatina <ARTM.BX>, of Russian group TMK, plans to raise its share capital by 81 million euros from the current 8.1 million euros to cover operating costs, seeking to reduce lending, Ziarul Financiar writes.
SOPHARMA
Bulgarian drug maker Sopharma <SFARM.BB> posts a 46-percent increase of sales in September compared to the same month a year ago, writes Dnevnik.
MVN
Finance Minister Janos Veres filed a bill in Parliament on Friday on cancelling the long-term electricity purchase agreements between state-owned electricity company MVM and seven power plants, writes Nepszabadsag's Hungary Around the Clock service.
PBG, PGNIG
A consortium led by Polish construction company PBG <PBGG.WA> won a 1.3 billion zlotys ($526 million) contract to expand undeground gas storage for gas distributor PGNiG <PGNI.WA>. [
]
EUROPEAN MARKETS
European shares look set to open sharply lower on Monday amid intensifying financial industry woes.
Financial spreadbetters expected Britain's FTSE 100 <
> to open as much as 200 points, or 4.5 percent, lower, Germany's DAX < > up to 220 points, or 3.8 percent, lower and the French CAC-40 < > as much as 190 points, or 4.7 percent, lower.For the latest news on European markets, double click [
]
WALL STREET
Wall Street ended its worst week in seven years with another tumble on Friday on fears that the $700 billion financial rescue package may not unblock credit markets and stave off a U.S. recession.
After much legislative haggling that roiled and captivated global markets for the past two weeks, the U.S. House of Representatives passed the bill on its second try and President George W. Bush signed it into law.
For latest Wall Street news, double click [
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