EMERGING EUROPE STOCKS - Factors to Watch June 20

                                
 (Adds Bulgaria)
                                
 WARSAW, June 20 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Friday.
                                
 
                                
 KREMIKOVTZI
                                
 Indian steel maker Essar Steel Ltd renews interest in the
Bulgaria's largest steel mill Kremikovtzi <KMKV.BB> and will
meet the plant's trade unions on Friday. Arcelor Mittal
<ISPA.AS><MTP.PA> and Ukrainian billionaire Kostyantin Zhevago
are also competing for the ailing plant, writes Dnevnik.
                                
 
                                
 ZENTIVA
                                
 Zentiva <ZNTVsp.PR> recommends shareholders reject PPF
takeover offer because it does not reflect undrelying value and
prospects. It does not discuss a counter offer by Sanofi
<SASY.PA> in the statement.                       [nL20609655]
                                
 
                                
 AGORA
                                
 Shareholders of media group Agora <AGOD.WA> scheduled to
vote on proposals by its largest shareholder to gain
representation on its board and hold a share buyback. BZ WBK AIB
Asset management also seeks a higher than proposed dividend
payout to put a stop to an Internet shopping spree.
                                
 For more news on Agora double click [AGOD.WA]
                                
 
                                
 UNIPETROL
                                
 Czech oil processor Unipetrol <UNPEsp.PR> is eyeing more
than a 16 percent stake in Ceska Rafinerska in which it holds a
majority, Hospodarske Noviny reports. The stake, currently
controlled by Royal Dutch Shell <RDSa.L>, is reportedly for
sale.
                                
 According to analyst estimates, Unipetrol may pay out a
dividend of 15 crowns per share, writes E15.
                                
 
                                
 MOL, CEZ
                                
 Hungarian oil and gas group MOL <MOLB.BU> and Czech utility
CEZ <CEZPsp.PR> get competition clearance to create a joint
venture to invest in gas-fired power plants in central and
southeast Europe.                               [ID:nL19239347]
                                
 For more news on CEZ and MOL double click [MOLB.BU-CEZsp.PR]
                                
 
                                
 CEZ
                                
 An opposition MP will submit a proposal next week to unblock
construction of two new reactors in CEZ's nuclear plant Temelin,
E15 writes.
                                
 Concorde Securities raises CEZ target price to 1,595 Czech
crows.
                                
 
                                
 PETROM
                                
 Romania has renewed threats to review the privatisation
contract of oil company Petrom <SNPP.BX> in a pricing row that
has cast a shadow over its sale to Austria's OMV <OMVV.VI> in
2004.                                         [ID:nL19264878]
                                
 
                                
 TRANSGAZ
                                
 Romania plans to sell up to 5 percent more of gas pipeline
operator Transgaz on the Bucharest bourse as part of its
property restitution scheme, a government member says.
                                
                                           [ID:nL19721874]
                                
 
                                
 TRANSELECTRICA
                                
 Romanian state-owned power grid operator Transelectrica
<TSEL.BX> will pay on June 25 an annual gross dividend of 0.36
lei ($0.153) per share, Ziarul Financiar reports. 
                                
 The firm, which estimates a gross profit of 90 million lei
this year, paid a dividend of 1.47 lei per share in 2007.
                                
 
                                
 BUDAPEST BOURSE
                                
 The Board of the Budapest Stock Exchange (BSE) has not
elected a replacement for chairman Attila Szalay-Berzeviczy, who
resigned earlier this week.
                                
 
                                
 ENEA
                                
 Polish power group Enea is seeking to drum up interest among
foreign investors for its initial public offering scheduled for
July that is expected to be valued at as much as 3 billion
zlotys ($1.38 billion), Parkiet writes.
                                
 
                                
 COAL POWER IN ROMANIA
                                
 Romanian coal fired power plants will push electricity
prices higher as they overshoot their carbon emission quotas
this year, an official from energy price regulator ANRE tells
Business Standard.
                                
 
                                
 EUROPEAN MARKETS
                                
 European shares were expected to open higher on Friday,
supported by a cooling in oil prices, but with little diaried on
the corporate and macroeconomic fronts.
                                
 Financial spreadbetters expected Britain's FTSE 100 <.FTSE>
to open up 10 to 16 points, Germany's DAX <.GDAXI> up 24 to 33
points and France's CAC <.FCHI> up 21 to 25 points.
                                
 For the latest news on European markets, double click [.EU]
                                
 
                                
 WALL STREET
                                
 U.S. stocks rose on Thursday as a drop in oil prices fueled
investor optimism about consumer spending, driving shares of
transportation and retailers sharply higher.
                                
 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)
 ($1=2.215 Zloty)
 ($1=2.180 Zloty)
 ($1=2.169 Zloty)