Czech Republic - Factors To Watch on Aug 30

...Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    Second-quarter real wage numbers due out at 0700. No 
consensus forecast is available. 
    Real-time economic data releases.................... 
    Previous stories on Czech data............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts......... 
 
 ========================== TOP STORY ========================== 
    EURO ADOPTION: The Czech Republic could join the euro zone 
in 2012 if it tackles economic reforms, Prime Minister Mirek 
Topolanek said on Wednesday, but the government refused to set a 
firm target date while approving a euro adoption strategy. 
    Story: [nL29150816] Related news: [RTRS-LEN-CZ-AUT] 
 
 =========================== EVENTS ============================ 
    INTEREST RATE DECISION: The central bank's governing board 
meets on interest rates. An announcement is expected sometime 
after 1000 with a news conference to follow at 1330. 
    The central bank (CNB) is a touch more likely to leave 
interest rates flat than to hike after the crown rallied and the 
global credit markets went into a tailspin, according to 
analysts in a Reuters poll. 
    Related news: [CNB/INT] 
     
    PEGAS NONWOVENS: Artificial textile maker Pegas Nonwovens 
 releases first-half results during the day. 
Conference call at 1500 with CEO Milos Bogdan and CFO Ales 
Gerza. 
     
    ORCO: Developer Orco Property Group   
announces first-half results during the day. 
     
    GAS PRICES: RWE Transgas, a unit of German utility RWE 
, holds a news conference on natural gas prices in the 
fourth quarter at 0900. 
     
    PHILIP MORRIS: Cigarette maker Philip Morris CR  
holds a conference call with CFO Nicklas Blomqvist and Managing 
Director Anja Fiedler on half-year consolidated results at 1400. 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    CEZ : Power company CEZ is close to signing an 
agreement with Hungarian energy group MOL  to jointly 
build power plants in Hungary and Slovakia. 
    CEZ had no comment on the report. Its spokeswoman said the 
company is likely to issue a statement after the market close at 
1400. 
    Hospodarske Noviny, page 1 
     
    PHILIP MORRIS: Consolidated net profit at Czech cigarette 
maker Philip Morris CR  dropped 19 percent in the 
first half to 882 million crowns ($43.40 million) as the company 
grappled with tax hikes and migration to cheaper brands. 
    Story: [nL29448125] Related news: [RTRS-LEN-CZ-TABKsp.PR] 
     
    ECONOMIC OUTLOOK: The Czech economy remained on a strong 
expansionary path in the second quarter, propelled by household 
demand which has spurred inflation pressures, analysts estimated 
in a Reuters poll. 
    Stories: [nL29913786] [nL29212216] 
    Related news: [RTRS-LEN-CZ-ECI] [POLL/CZ] 
     
    AAA AUTO: Czech used car dealer AAA Auto plans an initial 
public offering in Prague and Budapest next month that would 
value the overall company as high as 156.5 million euros ($212.7 
million). 
    [nL29155115] Related news: [RTRS-LEN-CZ-IPO] 
     
    CORRUPTION: The Czech government proposed a measure to send 
undercover agents into government offices and town halls to 
uncover evidence of corruption. 
    Story: [nL29766952] Related news: [RTRS-LEN-CZ-POL] 
     
 (Reuters has not verified any of the newspaper reports that may 
be quoted above and does not vouch for their accuracy.) 
 
 
 For Instant Views of key economic data click on    [CZ/INSTANT] 
 For summary of economic data and forecasts           
 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          
 
 For real-time stock market index quotes click in brackets: 
 Warsaw WIG20   Budapest BUX   Prague PX  
 
    News editor of the day: Jan Lopatka on +420 224 190 477; 
fax: +420 224 229 935 
    E-mail: prague.newsroom@reuters.com 
    Reuters Messaging: jan.lopatka.reuters.com@reuters.net 
 
  
  Keywords: CZECH FACTORS/ 
    

[PRAGUE/Reuters/Finance.cz]