By Leos Rousek
TODAY'S CALENDAR
Local/GMT
N/A MOL 4Q earnings
1345/1245 EU economic forecasts on member states
The European Commission, the EU's executive arm, will release
its latest economic forecasts for member countries. In Central
Europe, the reports are likely to show that while some
countries--including Poland, Slovakia, the Czech Republic and
Hungary--are recovering, others such as Slovenia and Croatia, still
face downturns.
In Hungary, investors will digest the fourth-quarter results of
the energy firm MOL Nyrt. (MOL.BU) and its outlook for 2014.
FOREX
EUR/CSK
Latest 0250 GMT 27.338-70
Previous 2150 GMT 27.329-71
%Chg +0.01
EUR/HUF
Latest 0250 GMT 309.63-10.12
Previous 2150 GMT 309.47-10.26
% Chg +0.00
EUR/PLN
Latest 0250 GMT 4.1553-660
Previous 2150 GMT 4.1555-652
% Chg +0.01
FIXED INCOME
Hungary
Mon Fri
3 yrs 4.96% 4.99%
5 yrs 5.22% 5.23%
10yrs 6.01% 6.02%
Poland
Mon Fri
3 yrs 3.03% 3.06%
5 yrs 3.66% 3.83%
10yrs 4.40% 4.51%
Czech Republic
Mon Fri
3 yrs 0.63% 0.63%
5 yrs 1.12% 1.12%
10yrs 2.25% 2.24%
STOCKS
WIG 20
1,039.29-6.77-0.65%
BUX
18,221.94+110.96+0.61%
PX
2,526.90+39.18+1.57%
OTHER NEWS
HUNGARY: The Constitutional Court of Hungary late Monday struck
down the country's 98% tax on severance pay, finding the 2010 law
to be against European law as it conflicts with the protection of
ownership.
The court said its verdict is based on the European Court of
Human Rights's opinions issued in 2013 that came to the same
conclusion.
HUNGARY: Hungarian oil-and-gas company MOL Nyrt. (MOL.BU) saw
its unadjusted profit halved in the fourth quarter versus a year
ago, underpinning analysts' expectations of a weak refining
environment, the company's earnings report published early Tuesday
showed.
ROMANIA: Raiffeisen Bank Romania plans a bond issue of up to 500
million lei ($152.5 million) this year, pending approval from its
shareholders at a meeting March 28, news agency Mediafax reported
Monday.
UKRAINE: Russia has said it would not deal with Ukraine's
interim leaders, calling them "armed mutineers" who stole power
from President Viktor Yanukovych.
The Russian Prime Minister Dmitry Medvedev questioned their
authority and called the situation in the neighbouring country "a
real threat to our interests and to the lives of our citizens".
UKRAINE: Ukraine will seek a loan from the U.S. and Poland in
one to two weeks, the country's finance ministry said in a
statement Monday. The move comes amid escalating concerns that the
troubled country could default on its debt obligations, with yields
on Ukrainian bonds rocketing higher while the country's currency
sinks to all-time lows.
UKRAINE: Ousted Ukrainian President Viktor Yanukovych was on the
run Monday from a new government, which issued an arrest warrant
for him on allegations of ordering the "mass murder" of protesters
on the streets of Kiev last week.
Write to Leos Rousek at leos.rousek@wsj.com
Go to http://blogs.wsj.com/emergingeurope for the new WSJ and
Dow Jones blog on Central and Eastern Europe, covering business,
politics, society and more, written by our correspondents across
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