Czech Republic - Factors To Watch on Oct 10

...Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    No economic data are due for release until September 
producer prices and August industrial and construction output 
numbers on Friday. 
    Real-time economic data releases.................... 
    Previous stories on Czech data.............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts.......... 
    Updates on Czech currency.............................[CZK/] 
 
 ========================== TOP STORY ========================== 
    The Czech economy will slow a little from current expansion 
rates but will still grow at more than a 5 percent clip in the 
years ahead, rating agency Moody's said. 
    Story: [nL09434316] Related news: [RTRS-LEN-CZ-AAA] 
 
 =========================== EVENTS ============================ 
    FINANCE MINISTER SPEAKS: Finance Minister Miroslav Kalousek 
is scheduled to present his draft 2008 state budget to a 
parliamentary budget committee at 0800.  
    Recent story on budget: [nL04605816] 
    Related news: [RTRS-LEN-CZ-GVD-DBT] 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 Czech Equities   1,896.1  1,881.5   +0.78        +19.33 
 vs Euro       27.470   27.550   +0.29         +0.11 
 vs Dollar        19.575   19.474   -0.52         +6.35 
 U.S. Equities    14,044   14,066   -0.16        +12.68 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    EU URGES BUDGET CUTS: European Union finance ministers urged 
the Czech Republic on Tuesday to speed up its budget deficit 
cuts, refusing to extend beyond 2008 a deadline to bring the 
shortfall below the bloc's ceiling. 
    Story: [nL09698296] Related news: [RTRS-LEN-CZ-GVD-DBT] 
     
    PROPERTY INVESTMENT: Czech property developer CTP Invest, 
whose real estate fund is a candidate for stock market offering, 
plans to invest 600 million euros ($842.6 million) on a new 
logistic centre, its co-owner said. 
    Story: [nL09139689] Related news: [RTRS-LEN-CZ-REA] 
 
 ======================= PRESS DIGEST ========================== 
    AAA AUTO : Used car dealer AAA Auto  
is leading talks on setting up a joint venture with Russia's 
largest automobile merchant, Rolf Group to operate a used car 
sales network in Russia. 
    Lidove Noviny, page 15 
     
    AIRPORT PRIVATISATION: The government may act fast to 
privatise Prague's airport manager Letiste Praha, according to 
First Deputy Finance Minister Ivan Fuksa. He said the government 
is looking to begin the search for an adviser for the sale soon. 
    Hospodarske Noviny, page 20 
     
    NEW CANDIDATE IN RACE FOR PRESIDENT: Economist Jan Svejnar, a 
professor of business administration at the University of 
Michigan, may run for Czech President after the opposition 
Social Democrats (CSSD) joined the coalition Green Party in 
voicing support for his possible candidacy. The ruling Civic 
Democrats (ODS) have stood firm behind their own candidate, 
incumbent President Vaclav Klaus whose term ends in early 2008. 
    Hospodarske Noviny and Lidove Noviny, pages 1 
     
    IPO CANDIDATE: Slovak developer HB Reavis, planning 
investments worth 1.5 billion euros ($2.11 billion) in Slovakia 
and the Czech Republic by 2015, is considering raising funds for 
expansion through an initial public offering (IPO), the entry of 
a strategic partner, or the creation of a real estate fund. If 
it decides to go ahead with an IPO, it would be interested in a 
dual listing in Paris and Prague. 
    Hospodarske Noviny, page 19 
     
    ENTREPRENEURIAL CZECHS: More than 2.4 million various firms, 
entrepreneurs, and cooperatives are registered in the Czech 
Republic, at 24 percent of the population exceeding the EU 
average, according to a study conducted by Dun & Bradstreet. 
Many registered entities may, however, be idle. 
    Hospodarske Noviny, page 15 
     
    FOREIGNERS: The number of foreigners working in the Czech 
Republic legally increased by 38,000 and totaled 223,000 at the 
end of September. The largest numbers come from Slovakia, 
Ukraine, and Poland. Experts see the increase reflecting a low 
unemployment rate and a workforce shortage in many industries. 
    Lidove Noviny, page 15  
 
 (Reuters has not verified any of the newspaper reports that may 
be quoted above and does not vouch for their accuracy.) 
 
 
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 ($1=.7120 Euro) 
  Keywords: CZECH FACTORS/ 
    

[PRAGUE/Reuters/Finance.cz]