By Dow Jones Business News,
July 29, 2014, 10:16:00 PM EDT
By Leos Rousek
0900/0700 Hungary Apr-June unemployment rate
1530/1330 CETV 2Q earnings
Hungary's latest jobless reading and second-quarter earnings of the region's largest television network, Central
European Media Enterprises ( CETV ), will be in focus Wednesday.
The Hungarian unemployment rate in the three months to end-June may have eased, driven by temporary job contracts in
the country's public sector, from a 8% level in the previous three months, some analysts said, without giving firm
Temporary public sector contracts, usually lasting for a month, may have reduced applicants for unemployment benefits
by up to 200,000 people, some analysts noted.
CETV, 45%-owned by Time Warner Inc. ( TWX ), operates leading television networks in Bulgaria, Croatia, the Czech
Republic, Romania, Slovakia and Slovenia, reaching about 50 million viewers.
Analysts expect CETV to have lowered its net loss to $6.6 million in the three months to end-June from $41 million in
the same period last year. The improvement results from a 13% annual increase in CETV's revenue, centered on advertising
sales, to $204 million in the second quarter from $180 million a year earlier.
Shares in CETV, traded on the Nasdaq and Prague Stock Exchange, closed 1.5% on the day at 51 koruna($2.49) in the
Czech capital Tuesday.
Latest 0250 GMT 27.481-525
Previous close 27.485-517
Latest 0250 GMT 310.72-1.25
Previous close 310.76-1.06
% Chg +0.02
Latest 0250 GMT 4.1491-532
Previous 2150 close 4.1483-529
% Chg +0.01
3 yrs 3.07% 3.07%
5 yrs 3.36% 3.36%
10yrs 4.23% 4.23%
3 yrs 2.37% 2.28%
5 yrs 2.76% 2.74%
10yrs 3.22% 3.22%
3 yrs 0.20% 0.22%
5 yrs 0.54% 0.53%
10yrs 1.40% 1.43%
POLAND: Poland's economy will continue accelerating next year, with growth reaching 4.5% annually, says PKO BP chief
economist Radoslaw Bodys, adding higher-than-expected growth will be driven by fast growth in private consumption and
broad infrastructure investments tied with EU funds.
UKRAINE: The European Union and the U.S., after much agonizing, adopted broad economic sanctions against Russia on
Tuesday to punish Moscow's unbending stance in the Ukraine conflict.
The question for the West now is whether the move will make Russian President Vladimir Putin more cooperative or
prompt him to dig in.
HUNGARY: Hungary's economy minister Tuesday said the banking system was stable and he doesn't expect major banks to
leave the country.
In an interview on commercial radio Inforadio, Mihaly Varga said the capital adequacy ratio of the Hungarian banking
system is ample, and many banks have already prepared for state plans to convert foreign currency loans in to forints,
-Veronika Gulyas in Budapest contributed to this article.
Write to Leos Rousek at firstname.lastname@example.org
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 the region.
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