PRAGUE, June 9 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday.
ALL TIMES GMT (Czech Republic: GMT + 2 hours)
=========================ECONOMIC DATA=========================
Q1 gross domestic product at 0700 GMT.
May inflation data at 0700 GMT.
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies............................[]
==============================EVENTS==========================
PRAGUE - 3-year government bond auction <CZ1002729=>
Related News []
==========================TOP NEWS============================
COAL MINING LIMITES TO BE KEPT:Three Czech centre-right
parties negotiating forming a new government have agreed on the
need to maintain territorial limits on lignite mining over the
next four years, party officials said.
Story: [] Related News []
POWER CONSUMPTION UP IN APRIL: Czech electricity consumption
rose by 9 percent year-on-year in April after a steep drop last
year, the country's regulator said Tuesday.
Story: [] Related News []
FORINT LITTLE MOVED: The forint's rebound stalled on Tuesday
and shares in Hungary's largest bank came off earlier highs
after the government detailed a deficit-cutting plan that sought
to reassure investors it would not go the way of Greece.
Story: [] Related News []
GRAIN HARVEST SEEN UP: The Czech grain harvest is expected
to be up to 15 percent lower this year than in 2009 after heavy
rains and flooding this spring, the Agrarian Chamber said on
Tuesday
Story: [] Related News []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> 1103,1 1103,1 -1,01 -1,27
vs Euro <EURCZK=> 25,96 25,98 0,08 1,36
vs Dollar <CZK=> 21,672 21,726 0,25 -17,93
U.S. Equities <> 9939,98 9816,49 1,26 -4,68
Pvs close or current levels vs prior domestic close at 1500 GMT
==========================PRESS DIGEST==========================
EU BUDGETS: Civic Democrat (ODS) leader and the likely next
Prime Minster Petr Necas said Finance Minister Eduard Janota had
no mandated to back on Tuesday an EU call for national budgets
to be first reviewed by EU ministers before they are submitted
for parliamentary approval. Janota is a member of a technocrat
cabinet which will be replaced when Necas succeeds in forming a
new coalition government after an election in late May.
Lidova Noviny, page 1
TAX HIKES: Necas admitted for the first time since the
election that taxes will have to rise. He said ODS was ready to
consider raising the lower 10 percent VAT rate further up, and
possibly merging it with the upper rate of 20 percent. An expert
pension reform commission proposes to unify the VAT tax at 19
percent to pay for the reform. Necas said he supported the
commission's proposals.
Hospodarske Noviny, page 1
FOREIGN INVESTMENT: The Vienna Institute for International
Economic Studies survey showed foreign investment in the Czech
Republic should rise to 2.3 billion euros ($3.09 billion) this
year from 2.0 billion last year when foreign investment slumped
by more than half compared with 2008.
Hospodarske Noviny, page15
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
For Instant Views of key economic data click on
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For summary of economic data and forecasts <CZ/ECON01>
For diary of forthcoming Czech events []
For calendar of east European economic indicators []
TOP NEWS -- Emerging markets []
TOP NEWS -- Convergence watch []
For an economic indicator diary for the euro zone, the United
States and other Group of Seven countries see <G7TODAY>
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News editor of the day: Jan Lopatka on +420 224 190 474;
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(Compiled by Jana Mlcochova)
E-mail: prague.newsroom@reuters.com
