Czech Republic - Factors To Watch on Oct 24

...Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    No economic data are due for release until September money 
supply statistics  on Oct. 31. 
 
    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 ========================== 
    BUDGET APPROVAL: The lower house of the Czech parliament 
gave an initial approval on Tuesday to a 2008 state budget draft 
that aims to bring the public finance deficit into line with 
European Union fiscal rules. 
    Story: [nL23359977] 
    For a FACTBOX on fiscal reforms, click on [ID:nL19504912] 
    Related news: [RTRS-LEN-CZ-POL] 
 
 =========================== EVENTS ============================ 
    BOND AUCTION: The finance ministry offers a 7 billion crown 
tranche re-opening the 15-year government bond at an auction 
. 
    For auction details and results, click on . 
    Related news: [RTRS-LEN-CZ-GVD-ISU] 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 Czech Equities   1,867.6  1,848.4   +1.04        +17.54 
 vs Euro       27.185   27.175   -0.04         +1.16 
 vs Dollar        19.052   19.064   +0.07         +9.29 
 U.S. Equities    13,676   13,567   +0.81         +9.73 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    EXPORTERS WELL-HEDGED: Czech exporters look set to survive 
the crown's recent rise to all-time highs, as most have learnt 
from previous episodes of currency strength and are hedged 
against exchange rate losses this time. 
    Story: [nL23575176] Related news: [RTRS-LEN-CZ-ANALYSIS] 
     
    MISSILE SHIELD: The United States has proposed delaying the 
activation of parts of its European missile defence shield if 
Russia cooperates on the project, U.S. Defense Secretary Robert 
Gates said on a visit to Prague. 
    Story: [nN23275023] Related news: [RTRS-LEN-CZ-US-DIP] 
     
 
 ======================= PRESS DIGEST ========================== 
    SOME CZECH FIRMS MULL RELOCATION: One quarter of Czech firms 
are considering moving their headquarters abroad, citing high 
taxes and unclear legislation, among other things, as the 
reason, according to a survey among 290 entrepreneurs and firms 
carried out by the Association of SMEs and Entrepreneurs at the 
University of Economics in Prague. 
    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.) 
 
 
 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  
 
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    Reuters Messaging: jan.lopatka.reuters.com@reuters.net 
 
  
  Keywords: CZECH FACTORS/ 
    

[PRAGUE/Reuters/Finance.cz]