Slovakia - Factors To Watch on Nov 10

BRATISLAVA, Nov 10 (Reuters) - Here are news stories, press
reports and events to watch which may affect Slovak financial
markets on Monday.

INDUSTRIAL WAGES

The Statistics Office will publish September real industrial
wage data, 0700 GMT.

SEPT OUTPUT DEFIES SLOWDOWN, BEATS FORECASTS

Slovak industrial output rose faster than expected in
September as key electronics and car sectors defied weakening
demand in the West, data showed on Friday, and analysts expected
production to continue growing.

[ID:nL7198191] [RTRS-MCE-ECI-SK-LEN]

[ID:nL7718650] [RTRS-MCE-ECI-SK-LEN]

C.BANK FOREX RESERVES RISE TO $16.9 BLN

The Slovak central bank's (NBS) foreign currency reserves
rose to $16.917 billion as of Nov 5, from $16.622 billion on Oct
29, the bank said on Friday.

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PRESS DIGEST

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JOBS AT RISK

Prime Minister Robert Fico said some 5,000 jobs were at risk
in Slovakia because of the global financial crisis, while there
were around 18,600 jobs available. Fico said the government
would try to boost job mobility of Slovaks.

Sme, page 6

CAR SECTOR

Volkswagen Slovakia is negotiating with Kia Motors Slovakia
to move workers expected to loose jobs at Volkswagen's
Bratislava factory to Kia's assembly plant in the northern
Slovak town of Zilina, Economy Minister Lubomir Jahnatek said.

Sme, page 7

HEATING PRICES SEEN DOWN

Heating prices for households should drop by 5 percent, from
January. Jozef Holjencik, the head of State Regulator URSO,
confirmed there should be a drop in heating prices, but did not
say how big.

Pravda, page 2

NO ROOM FOR TAX CUTS

Economy Minister Lubomir Jahnatek said he saw no room to cut
taxes as proposed by the opposition party SDKU, which had
suggested a cut in the flat tax rate to 16 percent from 19
percent. Jahnatek said annual drop in budget revenues would be
up to 60 billion crowns.

Hospodarske Noviny, page 3

Reuters has not verified the media reports, nor does it
vouch for their accuracy

News editor of the day: Peter Laca on +421 2 5341 8402; fax:
+421 2 5341 8403

E-mail: editorial@reuters.sk,
martin.santa@thomsonreuters.com

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