Czech Republic - Factors To Watch on Dec 21

...GMT + 1 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    No economic data are due for release until the release of 
November money supply and third-quarter foreign debt on Dec. 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 ========================== 
    CEZ SEALS MOL ALLIANCE: Power firm CEZ  agreed to 
buy a 7 percent stake in Hungarian oil and gas firm MOL 
, sealing an alliance that may help MOL to ward off a 
takeover bid from Austria's OMV . 
    Story: [nL20861383] Related news: [RTRS-LEN-CZ-CEZPsp.PR] 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 Czech Equities   1,794.6  1,782.8   +0.66        +12.95 
 vs Euro       26.490   26.420   -0.26         +3.81 
 vs Dollar        18.391   18.398   +0.13        +13.31 
 U.S. Equities    13,246   13,207   +0.29         +6.28 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    BORDERS FALL AWAY: Fireworks, cheers and music greeted the 
expansion of the EU's border-free zone to nine mostly Eastern 
European states on Friday, though some worry about a rise in 
crime or illegal immigration. 
    Story: [nL20248052] Related news: [RTRS-LEN-CZ-DIP] 
 
 ======================= PRESS DIGEST ========================== 
    GO SLOW ON EURO: Central bank board member Mojmir Halp wrote 
in an opinion article that before euro adoption, the Czech 
Republic must get ready to substitute autonomous monetary policy 
by either catching up in wealth with the euro zone or conducting 
reforms to make both the labour market and fiscal policy more 
flexible. 
    Mlada fronta Dnes, page 9 
 
 
 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; 
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    E-mail: prague.newsroom@reuters.com 
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 (Compiled by Marek Petrus) 
  
  Keywords: CZECH FACTORS/ 
    

[PRAGUE/Reuters/Finance.cz]