Czech Republic - Factors To Watch on July 29

                                
 PRAGUE, July 29 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday.
                                
 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 CEE currencies............................[CEE/]
                                
 
=========================EVENTS=================================
                                
 PRAGUE - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
                                
 Related news: [RTRS-LEN-CZ-CEN]
                                
 
=========================MORNING NEWS===========================
                                
 UNIPETROL TRADING STATEMENT: Czech downstream oil group
Unipetrol's <UNPEsp.PR> second-quarter operating profit will be
better than the first quarter, the company said on Thursday.
                                
 Story: [ID:nPRG004283]  Related news: [RTRS-LEN-CZ-FRX]

=========================TOP NEWS===============================
                                
 BUDGET FREEZE: The Czech government agreed on freezing
budget spending this year to meet a plan to cut the fiscal
deficit to 5.3 percent of gross domestic product, Prime Minister
Petr Necas said on Wednesday.
                                
 Story: [ID:nLDE66R27V]  Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 TELEFONICA O2 CR BEATS FCAST: Net profit at Telefonica O2
Czech Republic <SPTTsp.PR> dropped 24 percent year-on-year to
2.34 billion crowns ($122.6 million) in the second quarter as
the company continued to suffer from regulatory price cuts and
the impact of one-off items last year.
                                
 Story: [ID:nPRG004281] Related news: [RTRS-LEN-CZ-TEL]
                                
 
                                
 CEE MARKETS: The Czech crown <EURCZK=> firmed to 20-month
highs against the euro on Wednesday, surging through a key
technical level, while other Central European currencies
rebounded from earlier losses.
                                
 Story: [ID:nLDE66R0L4]  Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CME CUTS GUIDANCE: Central European Media Enterprises (CME)
cut its 2010 guidance on Wednesday due to a worse outlook for
spending on TV advertising in its markets, sending shares down
more than 4 percent.
                                
 Story: [ID:nLDE66R0M0]  Related news: [RTRS-LEN-CZ-PUB]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2010
vs Euro    <EURCZK=>  24.671     24.79      0.48        6.26
vs Dollar     <CZK=>  18.954     19.047     0.49       -3.14
U.S. Equities <.DJI>  10497.88   10537.69  -0.38        0.67
 Pvs close or current levels vs prior domestic close at 1500 GMT

=========================PRESS DIGEST==========================
                                
 AREVA OFFER: Areva's <CEPFi.PA> central European chief said
the company could offer power group CEZ <CEZPsp.PR> two nuclear
power reactors with output of 3300 MW at its Temelin site,
delaying the need for a third reactor at its Dukovany plant.
                                
 E15, page 1
                                
 
                                
 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>

                                
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 E-mail: prague.newsroom@reuters.com