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Czech Republic - Factors To Watch on Dec 11
December 11, 2012 / 7:46 AM / in 5 years

Czech Republic - Factors To Watch on Dec 11

PRAGUE, Dec 11 (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 + 1 hours) 
        
==========================ECONOMIC DATA========================
    Real-time economic data releases................... 
    Previous stories on Czech data............ 
    Overview of economic data and forecasts......... 
    Updates on CEE currencies...........................  
  
===========================TOP NEWS============================ 
    PRAGUE - The lower house of parliament to continue a session
(until December 21), nothing major on agenda this week. The tax
package returned from the Senate is on schedule for Dec 18,
followed by 3rd reading of the 2013 budget scheduled for Dec 19.
    Related news:  
===========================TOP NEWS============================
    CROWN VULNERABLE:  If traders wish to sell the Czech crown
against the euro, "be our guest" seems to be the
message from central bankers in Prague. 
    Story: Related news:  
    
    FX INTERVENTIONS NEXT BEST TOOL: Foreign exchange
intervention is the best available tool for the Czech central
bank now that interest rates are close to zero, central bank
board member Lubomir Lizal was quoted as saying.
    Story: Related news:  
    
    SLOVAKS TO SELL SPP TO CZECH EPH: Slovakia is set to give
the green light for Czech power holding Energeticky Prumyslovy
Holding (EPH) to take control of gas utility Slovensky
Plynarensky Priemysel (SPP) group.
    Story: Related news:  
    
    CEE MARKETS: The leu held steady on Monday after a weekend
election gave a clear victory to Romanian Prime Minister Victor
Ponta, leaving fewer questions ahead for policy as the country
seeks a new IMF deal. 
    Story: Related news: 
        
    CEE POWER: Chilly, snowy weather on the horizon propped up
central European day ahead power on Monday with the lingering
cold spell expected to increase heating demand, traders said.
    Story: Related news:    
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2012
 vs Euro        25.271     25.264    -0.03       1.07
 vs Dollar         19.505     19.528     0.12       1.15
 Czech Equities    985.84     985.84     -0.77       8.2
 U.S. Equities 13,169.88  13,155.13      0.11       7.79
 Pvs close or current levels vs prior domestic close at 1600 GMT
========================PRESS DIGEST==========================
    CZECH BANKS IN EU: Czech central bank Vice Governor Mojmir
Hampl said the concept of operating banks as branches rather
than subsidiaries failed in the case of Iceland. 
    Iceland was unable to pay out deposits of clients of its
failed banks collected in the U.K. and the Netherlands and
government's of those two countries had to take on the
responsibility. 
    (Czechs want to negotiate, as part of EU plans for a banking
union, that foreign owners of Czech banks cannot convert their
units into branches. Branches would no longer be regulated and
supervised by the Czech central bank. ) 
    Hospodarske Noviny, page 9
    
    CEZ IN ALBANIA: The head of CEZ's Albanian unit,
a power distribution company. Jaroslav Macek said the company
will decide by the end of the year whether to leave the Balkan
country.
    CEZ is in a long-running dispute with Albanian government
which it says has hiked power prices that CEZ must take from
suppliers but did not allow CEZ to pass it through to its own
prices.
    Hospodarske Noviny, page 1
        
    Reuters has not verified the media reports, nor does it 
vouch for their accuracy.
       
 For Instant Views of key economic data click on 
 For summary of economic data and forecasts     
 For diary of forthcoming Czech events          
 For calendar of east European economic indicators  
 TOP NEWS -- Emerging markets                   
 TOP NEWS -- Convergence watch                  
 
 For an economic indicator diary for the euro zone, the United 
 States and other Group of Seven countries see         
 
 For real-time stock market index quotes click in brackets: 
 Warsaw WIG20  Budapest BUX  Prague PX 
 
    News editor of the day: Jan Lopatka on +420 224 190 476
    E-mail: prague.newsroom@thomsonreuters.com
($1 = 19.2973 Czech crowns)

 (Reporting by Prague Newsroom)

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