Czech Republic - Factors To Watch on Nov 9

    PRAGUE, Nov 9 (Reuters) - Here are news stories, press 
reports and events to watch which may affect Czech financial 
markets on Friday: 
    ALL TIMES GMT (Czech Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    No economic indicators are due for release until September 
current account numbers on Tuesday. 
    Real-time economic data releases....................<ECONCZ> 
 
 -------------------- RELEASED INDICATORS ---------------------- 
    INFLATION SURPRISES ON UPSIDE: Inflation leapt to its 
highest annual rate in nearly six years in October as food price 
growth surpassed expectations, heightening the chances of an 
interest rate increase this month. 
    Story: [nL08707305] 
    Instant View: [nL08387816] Table: [nPRA001597] 
    FIRM CROWN TO TAME RATE HIKES: Sustained strength in the 
crown currency <0#EURCZK=> <CZK=> could dampen inflation and 
mean that Czech interest rates do not need to go much higher, 
Vice-Governor Ludek Niedermayer said. 
    Story: [nJAK219072] 
    Previous stories on Czech data.............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts..........<CZ/ECON15> 
    Updates on Czech currency.............................[CZK/] 
 
 ========================== TOP STORY ========================== 
    EBRD WARNS ON HOUSE PRICES: Fast paced house price growth in 
post-Communist Europe is probably unsustainable and prices could 
moderate as global borrowing conditions become tighter, the EBRD 
said. 
    Story: [nL08675858] Related news: [RTRS-LEN-CZ-EBRD] 
    For TAKE A LOOK on EBRD's transition report, see [nL0765348] 
 
 =========================== EVENTS ============================ 
    GERMAN FOREIGN MINISTER: Foreign Minister Karel 
Schwarzenberg meets his German counterpart Frank-Walter 
Steinmeier at 1430. 
    Related news: [RTRS-LEN-CZ-DIP] 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 Czech Equities  <.PX> 1,860.9  1,871.4   -0.56        +17.12 
 vs Euro     <EURCZK=>  26.850   26.850   +0.00         +2.42 
 vs Dollar      <CZK=>  18.227   18.278   +0.29        +14.24 
 U.S. Equities  <.DJI>  13,266   13,300   -0.25         +6.44 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    CEZ UPS PROFIT FORECAST: Power company CEZ <CEZPsp.PR> said 
it would raise its 2007 profit forecast when releasing 
third-quarter result on Nov. 15. 
    Story: [nPRA001599] Related news: [RTRS-LEN-CZ-CEZPsp.PR] 
     
    KOMERCNI POSTS BIGGER PROFIT: Komercni Banka <BKOMsp.PR>, 
the only listed Czech bank, reported a bigger-than-expected 19 
percent rise in nine-month net profit on Thursday, helping its 
shares gain in the face of global equity market falls. 
    Story: [nL08598853] Related news: [RTRS-LEN-CZ-BKOMsp.PR] 
     
    UNIPETROL CHARGE: Polish fuel group PKN Orlen <PKNA.WA> will 
book a 200 million zloty ($80 million) charge in the third 
quarter due to lower valuation of Czech assets which it plans to 
sell, a PKN official said. The charged will be taken through 
PKN's Czech unit Unipetrol <UNPEsp.PR>. 
    Story: [nL08611980] Related news: [RTRS-LEN-CZ-UNPEsp.PR] 
     
    HAVEL RETURNS TO DRAMA: Former Czech president Vaclav Havel 
has returned to his roots as a playwright after years in 
politics, revealing a new drama set to debut next spring. 
    Story: [nL08454546] Related news: [RTRS-LEN-CZ] 
 
 ======================= PRESS DIGEST ========================== 
    RISING DIESEL PRICES: Retail diesel prices rose to their 
highest level since September 2005, to more than 30 crowns per 
liter, due to tight supplies caused by a refinery outage. The 
refinery wants to come back to running at full steam in the 
coming days. 
    Mlada fronta Dnes, page B1 
     
    NEW LINE AT PEGAS: Pegas Nonwovens <PGSNsp.PR>, an 
artificial textile maker, has launched a 1 billion crown 
production line that will allow it to boost its output by 30 
percent. 
    Hospodarske Noviny, page 19 
     
    NEW IPO: ICZ, a software company, is considering going 
public via an initial public offering (IPO) on the Prague 
bourse. 
    Hospodarske Noviny, page 25 
     
 
 (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          <CZ/ECON01> 
 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         <G7TODAY> 
 
 For real-time stock market index quotes click in brackets: 
 Warsaw WIG20 <.WIG20>  Budapest BUX <.BUX>  Prague PX <.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 
 
 ((Compiled by Marek Petrus 
 Reuters Messaging: rm://marek.petrus.reuters.com@reuters.net; 
 e-mail: prague.newsroom@reuters.com or 
marek.petrus@reuters.com; 
 Tel: +420 224 190 477)) 
  Keywords: template CZECH FACTORS/