Czech Republic - Factors To Watch on Aug 11

                                
 PRAGUE, Aug 11 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Monday:
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

======================== ECONOMIC DATA ========================
                                
 Real-time economic data releases....................<ECONCZ>
                                
 Previous stories on Czech data.............[CZ-RTRS-LEN-ECI]
                                
 Overview of economic data and forecasts..........<CZ/ECON15>
                                
 Updates on Czech currency.............................[CZK/]

====================== TOP NEWS ================================
                                
CZECHS TRAIN CRASH KILLS 7: An international express train
crashed into a collapsed bridge in the Czech Republic on Friday,
killing at least seven people and injuring about 70.
                                
Story: [ID:nL8224996] Related news: [RTRS-LEN-CZ-DIS]
                                
 
                                
 UNIPETROL NET PROFIT SEEN DOWN: Czech petrochemical and
refinery group Unipetrol <UNPEsp.PR> is expected to post a 66
percent drop in net profit in the second quarter due to low
margins in its key petrochemical segment and a strong crown, a
Reuters poll showed.
                                
Story: [ID:nL780727]  Related news: [RTRS-LEN-CZ-OIL]
                                
 
                                
 CPI, OUTPUT DATA POINT TO SLACKENING GROWTH: Czech consumer
prices ticked up as expected in July, but an outlook for an
inflation drop paired with weak industrial production pointed to
a slowdown in growth and possible further reduction in borrowing
costs.
                                
 Story: [ID:nL8134715] Related news: [RTRS-LEN-CZ-ECI]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,453.5  1,450.6   +0.20        -19.92
 vs Euro     <EURCZK=>  24.380   24.380   +0.00         +8.70
 vs Dollar      <CZK=>  16.248   16.207   -0.27        +11.81
 U.S. Equities  <.DJI>  11,734   11,431   +2.65        -11.54
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST=========================== 
                                
 TRAIN CRASH: Czech railways will pay up to 240,000 crowns to
family members of victims of train accident on Friday that
killed seven people.
                                
  Mlada fronta Dnes, page 8
                                
 
                                
 NUMBER OF NEW FLATS UP: A record of 21,931 new flats were
started in the first half of 2008, up 14 percent year on year. 
                                
 Hospodarske Noviny, page 17
                                
 
                                
 ORCO BONDS: Czech developer Orco Property Group <ORCOsp.PR>
vice president Ales Vobruba said he was not surprised that the
credit rating agency Moody's downgraded Orco's debt but said he
did not expect it to happen only a month after the agency issued
its previous rating for the developer. He said the developer has
no current plans to issue more bonds.
                                
 Mlada fronta Dnes, page 8
                                
 
 Reuters has not verified the media reports, nor does it 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
 (Compiled by Jana Mlcochova)