ZAGREB (Croatia), January 30 (SeeNews) – Croatian lender Podravska Banka [ZSE:PDBA-R-A] said on Wednesday its non-consolidated profit fell to 8.5 million kuna ($1.5 million/1.1 million euro) in 2012 from 12.5 million kuna a year.

SOFIA (Bulgaria), January 30 (SeeNews) – Bulgarian printing and advertising firm Billboard [BUL:5BP] said on Wednesday its net profit fell to 25,000 levs ($17,300/12,800 euro) in 2012 from 143,000 levs a year earlier.

ZAGREB (Croatia), January 30 (SeeNews) – Croatia is planning to overhaul its existing set of MiG-21s as a short-term option for the upgrade of its fighter jet fleet, the country's defence ministry said.

PODGORICA (Montenegro), January 30 (SeeNews) – Insurance company Sava Montenegro said on Wednesday its gross profit rose to 4.4 million euro ($5.9 million) in 2012 from 3.7 million euro a year earlier.

BUCHAREST (Romania), January 30 (SeeNews) – Romania has implemented several but not all of the European Commission's recommendations aimed at restoring the rule of law and the independence of the judiciary, the Commission said on Wednesday.

BELGRADE (Serbia), January 30 (SeeNews) – Croatian electrical equipment producer Koncar Elektroindustrija [ZSE:KOEI-R-A] has expressed interest in investing into its Serbian peer Sloboda, Serbian media reported on Wednesday.

SOFIA (Bulgaria), January 30 (SeeNews) – Bulgarian cigarette filters maker Yuri Gagarin [BUL:4PX] said on Wednesday its after-tax profit fell by half to 2.5 million levs ($1.7 million/1.3 million euro) last year.

SKOPJE (Macedonia), January 30 (SeeNews) – EVN Macedonia said on Wednesday it has completed the upgrade of its power distribution network and the construction of a new transformer station near Skopje.

BUCHAREST (Romania), January 30 (SeeNews) – Norwegian IT consulting company Computas said it is acquiring 85% of its longtime Romanian IT partner Ascenta for an undisclosed sum.