EMERGING EUROPE STOCKS - Factors to Watch July 31

                                
 WARSAW, July 31 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Thursday.
                                
 
                                
 BRE
                                
 Polish BRE Bank <BREP.WA> posted a 60 percent rise in
second-quarter earnings on Thursday, broadly in line with
expectations, thanks to soaring demand for loans and one-off
gain from the sale of it pension fund unit.      [nWAR007148]

                                
 DEUTSCHE BANK, BNP PARIBAS
                                
 Warsaw hires Deutsche Bank <DBKGn.DE> and BNP Paribas
<BNPP.PA> to carry out an issue of municipal bonds denominated
in euros, Parkiet quotes a city official as saying.
                                
 He declined to comment on the size of the issue, but the
city has previously planned to raise around a billion zlotys
this year and another 3 billion between 2009 and 2012.
                                
 
                                
 GETIN HOLDING 
                                
 Getin Holding <GETI.WA>, a financial services group
controlled by one of Poland's richest man, Leszek Czarnecki,
will launch a new bank for small-and medium-sized companies in
October, Puls Biznes newspaper reports, citing unnamed sources.
                                
 
                                
 POLISH BANKS
                                
 Polish state-controlled PKO BP <PKOB.WA> and Bank Millennium
<BIGW.WA>, among the main lenders to the construction sector,
are becoming more strict about lending standards for developers,
Rzeczpospolita writes.
                                
 
                                
 POL-AQUA
                                
 Engineering group Pol-Aqua <PQAA.WA> chief executive and
largest shareholder Marek Stefanski said in a statement on
Wednesday he reduced his stake at the company, but promised not
to sell any more shares in next 12 months. 
                                
 Stefanski did not disclose how many shares he sold, nor at
what price.
                                
 
                                
  REAL
                                
 Real hypermarket chain, part of Germany's Metro <MEOG.DE>,
plans to invest roughly 260 million euros to open 12 more units
in Romania by the end of 2009, daily Business Standard reports.
                                
 
                                
 LADORNA
                                
 Romania's competition watchdog cleared the aquisition by
French Lactalis of top local dairy firm LaDorna, previously
owned by a Swiss private investor, Ziarul Financiar reports.
                                
 
                                
 UNIPETROL
                                
 Supplies of Russian oil to Czech company Unipetrol
<UNPEsp.PR> should recover in August after a cut this month but
will probably still lag behind planned volumes, a source from
the refining group said.                        [ID:nL0511209]
                                
 
                                
 EUROPEAN MARKETS
                                
 European shares looked set to open slightly higher on
Thursday, tracking overnight Wall Street gains, with the focus
on a raft on corporate earnings and a number of key economic
indicators.
                                
 For the latest news on European markets, double click [.EU]
                                
 
                                
 WALL STREET
                                
 The Dow industrials and S&P 500 rose on Wednesday as a
surprising increase in private-sector employment and central
bank efforts to boost liquidity in stormy financial markets
offset a surge in oil prices.
                                
 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=2.040 Zloty)
 ($1=2.033 Zloty)