Czech Republic - Factors To Watch on June 11

PRAGUE, June 11 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday:

ALL TIMES GMT (Czech Republic: GMT + 2 hours)

======================== ECONOMIC DATA ========================

April industrial and construction data at 0700 GMT.

Real-time economic data releases....................ECONCZ

Previous stories on Czech data.............[CZ-RTRS-LEN-ECI]

Overview of economic data and forecasts..........<CZ/ECON15>

Updates on CEE currencies.............................[CEE/]
=========================EVENTS=================================

PRAGUE - The lower house of parliament to continue a
session.

Related news: [RTRS-LEN-CZ-POL]

PRAGUE - 52-week T-bill auction.

Related news: [RTRS-LEN-CZ-GVD]

PRAGUE - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.

Related news: [RTRS-LEN-CZ-CEN]

=========================TOP NEWS===============================

FEW REASONS TO CUT - CBANKER: There are few reasons to cut
Czech official interest rates further and the economy is past
the worst, central bank board member Eva Zamrazilova told
Reuters in an interview.

Story: [ID:nL9602713] Related news: [RTRS-LEN-CZ-INT]

BUDGET CUTS: A three-year budget outline by the Czech
government foresees across-the-board spending cuts and the only
significant rises will be in social payments and debt financing,
the Finance Ministry said on Wednesday.

Story: [ID:nLA1057093] Related news: [RTRS-LEN-CZ-GVD]

CEE FX IMPROVES: Easing concerns over a possible currency
devaluation in Latvia lifted the high-yielding Hungarian forint
for a second straight day on Wednesday, driving it to a
three-week high.

Story: [ID:nLA533998] Related news: [RTRS-LEN-CZ-FRX]

---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change

close on day in 2009
Czech Equities .PX 969.2 969.2 +0.00 n/a
vs Euro EURCZK= 26.730 26.755 +0.00 +0.13
vs Dollar CZK= 19.026 19.033 +0.02 +0.42
U.S. Equities .DJI 8,739 8,763 -0.27 -0.43
Pvs close or current levels vs prior domestic close at 1600 GMT

=========================PRESS DIGEST===========================

ELECTRICITY CONSUMPTION FALLING SHARPLY: Czech electricity
consumption fell for an eighth month in a row in May, dropping
around 10 percent annually, and is now around its lowest levels
since 2000.

E15, page 1

ORCO NEGOTIATIONS: Orco Property Group (ORCOsp.PR) plans to
finish negotiations with strategic partner Colony Capital by
June 22.

E15, page 15

NWR'S CFO: New World Resources (NWRSsp.PR) CFO, Marek
Jelinek, reiterated the mining group aims to control costs amid
the economic crisis and has cut planned investments by a fifth,
or around 55 million euros.

He said the group is monitoring acquisition opportunities,
mainly in Poland and including a planned IPO of Bogdanka mines.

Hospodarske Noviny, page 15

PANASONIC PRODUCTION: Panasonic's Czech unit (6752.T) does
not plan any layoffs among its four factories that employ some
5,000.

Hospodarske Noviny, page 16

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

For Instant Views of key economic data click on [CZ/INSTANT]
For summary of economic data and forecasts <CZ/ECON01>
For diary of forthcoming Czech events [CZ/DIARY]
For calendar of east European economic indicators [CONV/DIARY]
TOP NEWS -- Emerging markets [TOP/EMRG]
TOP NEWS -- Convergence watch [TOP/EAST]

For an economic indicator diary for the euro zone, the United
States and other Group of Seven countries see G7TODAY

For real-time stock market index quotes click in brackets:
Warsaw WIG20 .WIG20 Budapest BUX Prague PX .PX

News editor of the day: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935

E-mail: prague.newsroom@reuters.com
(Compiled by Jason Hovet)