EMERGING EUROPE STOCKS - Factors to Watch June 12

                                
 WARSAW, June 12 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Thursday.
                                
 
                                
 CEZ
                                
 The leading opposition party Social Democrats will back a an
energy programme which includes plans to complete CEZ's
<CEZPsp.PR> nuclear power plant in Temelin, daily E15 says.
                                
 For more news on CEZ double click on [CEZPsp.PR].
                                
 
                                
 PGNIG
                                
 Poland's government agrees to sell one share in gas monopoly
PGNiG <PGNI.WA>, a formality that allows them to proceed with a
promised share transfer to the company's employees.
                                
                                             [ID:nL11208680]
                                
 For latest news PGNiG, double click [PGNI.WA]

                                
 RWE, KOMPANIA WEGLOWA
                                
 Germany's RWE <RWEG.DE> and Poland's largest miner Kompania
Weglowa are expected to sign a 5 billion zlotys ($2.3 billion)
deal for a new coal power plant, daily Puls Biznesu reports.
                                
 
                                
 PSE-OPERATOR
                                
 Poland's grid operator, PSE-Operator, plans 6 billion zlotys
in capital expenditures through 2020 to build more than 2,000
kilometres of new power distribution lines, Puls Bizensu writes.
                                
 
                                
 KREMIKOVTZI
                                
 Ukrainian billionaire Kostyantin Zhevago met on Wednesday
with Bulgarian Prime Minister Sergei Stanishev to discuss a 
possible takeover steel maker Kremikovtzi <KMKV.BB>, daily
Dnevnik reports.
                                
 Arcelor Mittal <ISPA.AS> and Zhevago are competing the
ailing plant.
                                

                                
 TELEFONICA O2 CZECH REPUBLIC
                                
 Telefonica O2 Czech Republic <SPTsp.PR> will distribute
Apples Corp's <AAPL.O> iPhone in the Czech Republic, Hospodarske
Noviny daily reports.
                                
 For more news on Telefonica O2 Czech double click on
[SPTsp.PR].

                                
 CME
                                
 Romania's Media Pro Management, minority-owned by  Central
European Media Enterprises <CETV.O> <CETVsp.PR>, has launched a
new news wire agency Mediafax.
                                
 For more news on CME double click on [CETVsp.PR].
                                
 
                                
 ORESA VENTURES
                                
 Sweedish investment fund Oresa Ventures will buy three
production units of Somaco Bucuresti, a construction materials
firm, for 32.5 million euros, daily Ziarul Financiar reports.
                                
 
                                
 PEUGEOT
                                
 French carmaker Peugeot Citroen <PEUP.PA> could open a plant
near Nokia's production unit in the village of Jucu, Ziarul
Financiar quotes a local Romananian official as saying. The
investment would total 600 million euros and the plant would
employ 7,000 people.
                                
 
                                
 ROMANIAN MOTORWAYS CONTRACT
                                
 Twelve foreign firms are vying to build the
Cernavoda-Constanta motorway in eastern Romania, a project worth
roughly 400 million euros, Ziarul Financiar says. The winning
bid will be selected within three months.
                                
 
                                
 BUDIMEX
                                
 Polish builder Budimex <BMEX.WA> expects its revenue to jump
to $1.8 billion by end-2009 -- up a third from last year --
thanks to a bulging order portfolio fuelled by big
infrastructure deals, its head tells Reuters.    [ID:nL11534112]
                                
 For latest news Budimex, double click [BMEX.WA]
                                
 
                                
 EUROPEAN MARKETS
                                
 European shares are expected to open slightly lower on
Thursday with inflation remaining a major concern following
warnings by Federal Reserve officals and a cautious report on
U.S. economic conditions.
                                
 Financial spreadbetters expect Britain's FTSE 100 <.FTSE> to
open unchanged, Germany's DAX <.GDAXI> to open 9 to 16 points
lower and France's CAC-40 <.FCHI>.
                                
 For latest news about European markets, double click [.EU]
                                
 
                                
 WALL STREET CLOSE
                                
 U.S. stocks sank on Wednesday, with all three indexes losing
around 2 percent, after oil prices shot back near their record
high, stoking fears about inflation and its toll on consumers.
                                
 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=2.175 Zloty)