May 28, 2018 / 6:53 AM / a month ago

Czech Republic - Factors To Watch on May 28

    PRAGUE, May 28 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Monday.
                  
    ALL TIMES GMT (Czech Republic: GMT + 2 hours)         
=========================ECONOMIC DATA==========================
    Real-time economic data releases....................        
    Summary of economic data and forecasts...........           
    Recently released economic data..................           
    Previous stories on Czech data.............                 
  **For a schedule of corporate and economic events: 
    here
============================NEWS/EVENTS=========================
    CENBANK: The Czech National Bank (CNB) Governor Jiri Rusnok
believes the crown will return to appreciation in the coming
weeks backed by economic fundamentals and lack of reasons to
follow the Turkish lira or other emerging markets, he told
Reuters on Friday.
                
    
    CEFC: Czech financial firm J&T said on Friday it had struck
a deal with Chinese state conglomerate CITIC Group            to
settle debts owed by troubled Chinese company CEFC, ending a
dispute.
                
    
    UNIPETROL: Refiner Unipetrol           board decided not to
propose a dividend for 2017 earnings.
                
    
    KVITOVA: Petra Kvitova said it was "great news" that a
suspect had reportedly been held in custody in connection with
the 2016 stabbing that left her with career-threatening
injuries.
                
    
    CEE MARKETS: The crown trimmed its losses against the euro
on Friday after Czech Central Bank (CNB) Governor Jiri Rusnok
said its weakness may bring forward the next interest rate hike.
                
    
=========================PRESS DIGEST===========================
    MOBILE: Prime Minister Andrej Babis said it was
"unacceptable" to have such high mobile data costs in the Czech
Republic and that competition needs to rise in the market.
    Babis met the head of operator O2 Czech Republic last week
and will also meet the country heads of T-Mobile and Vodafone.
    Hospodarske Noviny, page 4
    
    BEER: Pilsner Urquell will be one of the key export brands
for owner Asahi Breweries Europe          and will only be
produced in its home of Plzen.
    Hospodarske Noviny, page 12
    
    FLATS: The average price of existing apartments in Prague
rose 11.3 percent y/y in the first quarter to 82,710 crowns per
square meter.
    Hospodarske Noviny, page 14

   (Reuters has not verified the stories, nor does it vouch for
their accuracy.)     
          
***For real-time stock market index quotes click in brackets:
Warsaw WIG20          Budapest BUX        Prague PX      
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 (Reporting by Prague Newsroom)
  
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