PRAGUE, April 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 + 1 hours) ======================== ECONOMIC DATA ========================
Real-time economic data releases....................
Previous stories on Czech data.............[CZ-RTRS-LEN-ECI]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on Czech currency.............................[CZK/]
========================= EVENTS ===============================
PRAGUE - The government meets. Agenda includes TV digitalisation schedule and reaction to a Constitutional Court resolution striking down a sick pay law.
Related news: [RTRS-LEN-CZ-POL]
KUTNA HORA - Cigarette maker Philip Morris CRholds annual meeting. Investors expect dividend announcemnent.
Related news: [RTRS-LEN-CZ-DIV]
========================== TOP NEWS ============================
PRAGUE - The Czech finance ministry will propose a fiscal gap of around 1.5 percent of gross domestic product for the next year, flat from the outcome expected this year, minister Miroslav Kalousek said.
Story: [ID:nL27251895] Related news: [RTRS-LEN-CZ-GVD]
PRAGUE - The Czech central bank may raise interest rates further if wolrd food prics keep growing, bank board member Robert Holman said on Friday, but he added he did not see significant signs of secondary impacts from cost shocks.
Story: [ID:nL25933530] Related news: [RTRS-LEN-CZ-CEN]
PRAGUE - The leftist Czech opposition Social Democrats called a no-confidence vote for next week on Friday against the majority-lacking, centre-right cabinet but are expected to fail as they have in two previous attempts.
Story: [ID:nL25666725] Related news: [RTRS-LEN-CZ-POL]
================= ELSEWHERE IN THE NEWS ========================
FRANKFURT - German state bank LBBW has agreed to buy the Czech unit of Cerberus Capital Management's [CBS.UL] Austrian bank Bawag for 160 million euros ($249.5 million), an unidentified source in the finance industry told Reuters.
Story: [ID:nL26591863] Related news: [RTRS-LEN-CZ-BNK]
PRAGUE - The global financial system is paralysed and will take some time to get back to normal, OECD chief Angel Gurria said.
Story: [ID:L25769769] Realted news: [RTRS-LEN-CZ-WEU-FIN] ---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008 Czech Equities1,572.3 1,564.1 +0.52 -13.38 vs Euro 25.245 25.245 +0.00 +4.97 vs Dollar 16.067 16.140 +0.46 +13.10 U.S. Equities 12,892 12,849 +0.33 -2.81 Pvs close or current levels vs prior domestic close at 1500 ===================== PRESS DIGEST =============================
AIRLINE, AIRPORT SALE - One investor may buy both the national carrier czech Airlines and the Prague Airport, Deputy Finance Minister Ivan Fuksa said.
E15, page 1.
MICROSOFTMAY BE INTERESTED IN CZECH WEB SITE - Microsoft is in talks to buy the biggest Czech Web portal www.seznam.cz, according to two sources. Seznam's majority owner Ivo Lukacovic however said the site was not for sale. A Czech Microsfot spokeswoman also denied interest in the portal..
Hospodarske Noviny, page 1.
LESS RENEWABLE POWER - The share of renewable electricity on total Czech consumption fell to 4.7 percent last year from 4.9 percent in 2006 due to less snowfall. The country's target of 7.5 percent in 2009 seems out of hand.
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 seeFor real-time stock market index quotes click in brackets: Warsaw WIG20 Budapest BUX Prague PX
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