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Serbia and Montenegro
Montenegrin Privatisation Council to Sell Kombinat Aluminijuma Podgorica

Russia
Way Seen Open for Yukos Endgame

Czech Republic
Unipetrol to Offer 51 % of CeRa to IOC Consortium

Kazakhstan
OSCE to Send Observers to Kazakh Elections

Bosnia and Herzegovina
Mixed EUphoria

Poland
Belka Wins Parliamentary Vote of Confidence
 Hungarian Banking
Italy's UniCredito seeks to expand into Hungary

UniCredito Italiano SpA, Italy's second-largest lender, is seeking to expand into Hungary and Russia in a bid to increase the contributions to profit made by its Eastern European businesses.

UniCredito will decide in the next two weeks whether to buy a bank in Hungary, said Roberto Nicastro, head of UniCredito's New Europe Banking division.

The bank expects the region's economies to grow faster than those of the 12 countries that share the euro.

About 12% of UniCredito's profit currently comes from Eastern Europe following seven acquisitions and one joint venture in the region since 1999.

The bank wants to boost this to 25% by 2008, Nicastro said.

(BBJ 26.v.03)


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