Slovakia - Factors To Watch on Oct 2

...central bank will hold its regular two-week repo tender 
to drain liquidity from the market. 
     
    FICO WITH SARKOZY 
    Prime Minister Robert Fico will meet French President 
Nicolas Sarkozy during his one-day visit to France. 
     
    STATS OFFICE SEES FISCAL TALK RESULT MID-OCT 
    The Slovak Statistics Office said on Monday the outcome of 
talks with Eurostat on fiscal recalculation could be available 
in around mid-October after two weeks of consultations. 
    [ID:nL01435695] [RTRS-EUR-EUROPE-SK] 
     
    CBANK SEES 2007 BUDGET GAP BELOW PLAN 
    The Slovak state budget deficit should shrink below the 
targeted ceiling this year, which could also improve the 
shortfall in overall public finances, the central bank said on 
Monday. 
    [ID:nL01895868] [RTRS-CEN-PLCY-CEEU-SK] 
     
    JAN-SEPT BUDGET DEFICIT NARROWS Y/Y 
    The Slovak central state budget showed a deficit of 615 
million crowns ($25 million) for January-September, compared 
with a gap of 5.1 billion in the same period last year, the 
finance ministry said on Monday. 
    [ID:nL01383171] [RTRS-DBT-GVD-SK] 
     
    CROWN FLAT, MARKET EYES BUDGET RECOUNT NEWS 
    The Slovak crown was flat against the euro on Monday as 
investors waited for more information on whether a Eurostat 
demand to recalculate fiscal data would affect the country's 
euro adoption schedule. 
    [ID:nL01172287] [RTRSMM-FRX-SK] 
     
    SLOVAKS REJECTS BOND BIDS AS BUDGET GAP NARROWS 
    Slovakia again rejected on Monday all bids in an auction of 
state bonds as strong economic growth has boosted budget 
revenues and cut government borrowing needs. 
    [ID:nL01188493] [RTRS-DBT-ISU-SK] 
     
    PRESS DIGEST 
    ------------ 
    EURO CHANCES DROP 
    Slovakia's chances to adopt the euro in 2009 dropped in 
September to 70 percent, from 77 percent in August, a survey by 
the independent think-tank INEKO showed. The reasons for the 
decline were worries over a Eurostat demand to recalculate 
fiscal data and poor fiscal discipline. 
    Sme, page 7 
     
    BUDGET CUTS RELUCTANCE 
    Ministers of Prime Minister Robert Fico's government appear 
to be reluctant to make spending cuts that were suggested by 
Prime Minister Robert Fico in order to safeguard the euro 
adoption target. 
    Pravda, page 3 
     
    HIGHWAY PROJECTS 
    The Finance Ministry has again delayed its analysis on the 
impact of public private partnership projects for highway 
construction on public finances. 
    Pravda, page 3 
     
    PENSION SYSTEM DEBATE 
    Social Affairs Minister Viera Tomanova has criticised a plan 
to change the percentage setting of pension system contributions 
proposed by Vladimir Meciar, a junior ruling coalition leader. 
    Hospodarske Noviny, page 4 
     
    For news on upcoming events in the United States and other 
Group of Seven countries, see . For a diary of 
forthcoming Slovak events, double click [SK/DIARY], and a 
calendar of east European economic indicators, see [CONV/DIARY]. 
     
    News editor of the day: Peter Laca on +421 2 5341 8402; fax: 
+421 2 5341 8403 
    E-mail: editorial@reuters.sk 
    Reuters Messaging: peter.laca.reuters.com@reuters.net 
     
    For real-time index quotes, double click in brackets: 
    Warsaw WIG20   Budapest BUX   Prague PX50 
 
 Other related news: 
 Slovak equities      [SK-E]  E.Europe equities           [.CEE] 
 Slovak money         [SK-M]  Czech debt                  [CZ-D] 
 Slovak Indicators  [SK-ECI]  Emerging forex          [EMRG/FRX] 
 Eastern European     [EEU]   All emerging markets        [EMRG] 
 Hot stocks           [HOT]   Stock markets                [STX] 
 Market debt news     [DBT]   Forex news                   [FRX] 
 TOP NEWS -- Emerging markets                         [TOP/EMRG] 
 TOP NEWS -- Convergence watch                        [TOP/EAST] 
  
  
 ($1=23.81 Slovak Crown) 
  

[BRATISLAVA/Reuters/Finance.cz]