Czech Republic - Factors To Watch on April 28

 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....................ECONCZ
 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 CR TABKsp.PR
holds 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
 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 Equities  .PX 1,572.3  1,564.1   +0.52        -13.38
 vs Euro     EURCZK=  25.245   25.245   +0.00         +4.97
 vs Dollar      CZK=  16.067   16.140   +0.46        +13.10
 U.S. Equities  .DJI  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.
Microsoft is in talks to buy the biggest Czech Web portal, 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 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: Jan Lopatka on +420 224 190 477;
fax: +420 224 229 935
 (Reporting by Martin Dokoupil)