STOCKS NEWS EMERGING EUROPE-Orco,Immoeast up on shortselling ban

                                
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 1201 19Sept2008 Orco, Immoeast extend gains on hopes after shortselling bans
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 Shares in Orco Property Group <ORCOsp.PR> <ORCO.PA> surged 43 percent in
light trade while Immoeast <IMEA.VI> gained as much as 34 percent after bans on
shortselling in the United States and Britain encouraged hopes for the end of
the global financial woes.
                                
 The Prague Stock Exchange temporarily suspended trade in Orco shares because
of the heavy gains.
                                
 Developers had plunged in recent sessions over worries that a global credit
crunch would prevent them from collecting essential funding for ongoing and new
real estate projects.
                                
 rm://jana.mlcochova.thomsonreuters.com@reuters.net
                                
 
                                
 
                                
 0750 19Sept2008 Banks boost Eastern European bourses
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 Banks lead the recovery on Eastern European bourses, with Austria's Erste
<ERST.VI> surging 12 percent, while Polish Pekao <BAPE.WA>, Hungarian OTP
<OTPB.BU> and Czech Komercni Banka <BKOMsp.PR> jumping by between 6 and 7
percent.
                                
 The battered financial stocks gained on hopes of a U.S. government solution
to the financial crisis could help the ailing sector.
                                
 The financial stocks help Warsaw's WIG20 index <.WIG20> stage a 3.5 percent
rise, outpaced by Prague's PX <.PX> and Budapest's BUX <.BUX>, gains of 5.7 and
5.3 percent.
                                
 rm://adrian.krajewski.thomsonreuters.com@reuters.net
                                
 
                                
 
                                
 0742 19Sept2008 Developers rebound on credit hopes  
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 Shares in the region's property developers rebound as fears of a
debilitating credit crunch recede, with Vienna-listed Immoeast <IMEA.VI> surging
as much as 34 percent.
                                
 In Prague Orco Property Group <ORCOsp.PR> and ECM Real Estate Investment
<ECMPsp.PR> gain as much as 16 percent and 18 percent, respectively after
plunging in recent sessions over concerns that they could have a difficult time
financing new projects and unloading their existing portfolio.
                                
 rm://jason.hovet.thomsonreuters.com@reuters.net

                                
 
                                
 0706 19Sept2008 Wood&Co cut Plaza Centers and Immoeast
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 Wood & Company downgrades two regional developers, Plaza Centers <PLAZ.WA>
and Immoeast <IMEA.WA><IMEA.VI> to "sell" and "hold", respectively.
                                
 Plaza Centers rises 1.2 percent, while Immoeast gains 1.3 percent at market
open in Warsaw.
                                
 rm://adrian.krajewski.thomsonreuters.com@reuters.net