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Slovakia - Factors To Watch on July 3

Fri Jul 3, 2009 2:57am EDT

Stocks

   
 BRATISLAVA, July 3 (Reuters) - Here are news stories, press
reports and events to watch which may affect Slovak financial
markets on Friday.
 
 CROP ESTIMATES
 The Statistics Office will publish crop estimates as of June
20.
 
 SLOVAKS CUT TAX REVENUE FORECAST, CALM OVER FUNDING
 The Slovak Finance Ministry expects tax revenue for the 2009
budget to fall by 16 percent versus its original plan as the
economic crisis hurts industries and curbs household spending,
the ministry said on Thursday.
 [ID:nL2870379] [RTRS-GVD-DBT-MMT-SK-LEN]
 
 DEBT AGENCY SEES NO SUDDEN FINANCING PRESSURE
 Slovakia should not face a sudden refinancing pressure this
year despite new forecasts of lower-than-planned tax revenues, a
senior official at the country's debt management agency told
Reuters on Thursday.
 [ID:nL2984587] [RTRS-GVD-DBT-ISU-SK-LEN]
 
 PRESS DIGEST
 ------------
 EMISSION RIGHTS
 Interblue Group, a company with an option to buy Slovakia's
carbon emission rights, has no longer a valid trading licence,
local private TV channel Markiza reported.
 Sme, page 2
 
 OPPOSITION SPLIT
 The opposition ethnic Hungarian SMK party did not secure
backing of the two other opposition factions for a no-confidence
vote against Prime Minister Robert Fico. SMK wanted to dismiss
Fico over the disputed sale of carbon emission rights.
 Sme, page 2
 
 MOCHOVCE COMPLETION
 Slovenske Elektrarne, a unit of Italy's Enel (ENEI.MI), has
signed contracts with four Slovak and Czech companies worth
1.053 billion euros to complete the 3rd and 4th blocs of the
nuclear power plant in Mochovce.
 Sme, page 6
 
 PASSENGERS CAUTIOUS OVER SKYEUROPE
 Passengers have become cautious about flying with the
Slovak-based low-cost airline SkyEurope (SKYV.VI) after it was
placed under crout protection from creditors, a survey by the
daily Sme showed.
 Sme, page 7
 
 SKYEUROPE CEO LEAVES
 Jason Bitter, the CEO of SkyEurope, stepped down and will be
replaced by company's CFO Nick Manoudakis. Czech Airlines CSA
has joined other SkyEurope's competitors in efforts to lure
passengers with ticket discounts.
 Hospodarske Noviny, page 1
 
 U.S. STEEL KOSICE CUTS 400 JOBS
 Some 400 employees of the Slovak factory of U.S. Steel will
voluntarily leave with financial compensation. The factory
unions said even more people may.
 Pravda, page 51
 
 For news on upcoming events in the United States and other
Group  of Seven countries, see G7TODAY. For a diary of
forthcoming Slovak events, double click [SK/DIARY], and a
calendar of east European economic indicators, see [CONV/DIARY].
 News editor of the day: Peter Laca on +421 5341 8402 fax:
+421 5341 8403
 E-mail: editorial@reuters.sk, peter.laca@thomsonreuters.com
 Reuters Messaging: martin.santa.reuters.com@reuters.net
 For real-time index quotes, double click in brackets:
 Warsaw WIG20 .WIG20  Budapest BUX   Prague PX50
.PX50
 Other related news:
 Slovak equities      [SK-E]  E.Europe equities           [.CEE]
 Slovak money         [SK-M]  Czech debt                  [CZ-D]
 Slovak Indicators  [SK-ECI]  Emerging forex          [EMRG/FRX]
 Eastern European     [EEU]   All emerging markets        [EMRG]
 Hot stocks           [HOT]   Stock markets                [STX]
 Market debt news     [DBT]   Forex news                   [FRX]
 TOP NEWS -- Emerging markets                         [TOP/EMRG]
 TOP NEWS -- Convergence watch                        [TOP/EAST]



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