July 15, 2008 / 6:38 AM / 9 years ago

Czech Republic - Factors To Watch on July 15

 PRAGUE, July 15 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday:
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

 ======================== ECONOMIC DATA ========================
 May current account balance data at 0800 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 Czech currency.............................[CZK/]

=========================== EVENTS  ===========================
  LANY - President Vaclav Klaus to meet Prime Minister Mirek
Topolanek,  Deputy Prime Minister for European Affairs Alexandr
Vondra and Foreign Minister Karel Schwarzenberg (1400 GMT).
 Related news: [RTRS-LEN-CZ-DIP]
 
====================== TOP NEWS ================================
 RUSSIAN OIL CUT NOT POLITICAL: Russian said it cut oil
supplies to the Czech Republic last week for technical reasons,
and denied it was linked to Prague's role in a U.S. missile
defence shield.
 Story: [ID:nL14516168] Related news: [RTRS-LEN-CZ-DIP]
 
 CEZ PLANS NEW NUKE POWER UNITS: Power group CEZ CEZPsp.PR
has preliminary plans to build two new units at its Temelin
nuclear power plant, with combined capacity of up to 3,400
megawatts.
 Story: [ID:nL14711011] Related news: [RTRS-LEN-CZ-NUC]
 
====================== OTHER NEWS ============================
 CROWN FIRMS TO NEW RECORD: The Czech crown extended its
gains versus the euro on Monday, hitting a new record high of
23.280 EURCZK=, according to the Reuters dealing system.
 Related news: [RTRS-LEN-CZ-FRX]
 
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                              close   on day       in 2008
 Czech Equities  .PX 1,440.4  1,444.2   -0.26        -20.64
 vs Euro     EURCZK=  23.335   24.165   +3.56        +13.56
 vs Dollar      CZK=  14.636   15.431   +5.45        +24.16
 U.S. Equities  .DJI  11,055   11,101   -0.41        -16.66
 Pvs close or current levels vs prior domestic close at 1500
 
====================== PRESS DIGEST ===========================
 STATE LAUNCHES IT TENDER: The Finance Ministry is launching
a 2.5 billion crown ($156.9 million) tender on Tuesday for an IT
system designed to simplify administration of public finances.
 Hospodarske Noviny, page 15
 
 CZECHINVEST HALTS INCENTIVES: State investment agency
CzechInvest has stopped accepting applications for investment
incentives after already paying out this year's allotted 770
million crowns.
 E15, page 1
 
 FINMIN LOOKING TO LIMIT CIGARETTE STOCKPILING: The Finance
Ministry is looking at ways to limit the sale of cigarettes
stockpiled by manufacturers before excise tax increases are
introduced. The adjustment is advocated by market leader Philip
Morris CR TABKsp.PR.
 Mlada Fronta Dnes, page B1
 
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 .BUX  Prague PX .PX
 News editor of the day: Mike Winfrey on +420 224 190 477;
fax: +420 224 229 935
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jason Hovet)


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