Czech Republic - Factors To Watch on May 11

                                
 PRAGUE, May 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 hour)

======================== 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==============================
                                
 till TUESDAY, May 12
                                
 PRAGUE - Conference of Community and European Affairs
Committees of Parliaments of the European Union (Meeting of the
31st COSAC).
                                
  Related news: [RTRS-LEN-CZ-DIP]

                                
 till THURSDAY, May 14
                                
 PRAGUE - Ministerial meeting EU - Rio Group in attendance of
27 European Union's Foreign Ministers and 23 Foreign Ministers
from Latin America and the Caribbean.
                                
 Related news: [RTRS-LEN-CZ-DIP]
======================MORNING NEWS=============================
                                
 2010 FISCAL GAP: The Czech Republic's public sector gap in
2010 could be close to 5 percent of gross domestic product,
Prime Minister Jan Fischer said on Monday.
                                
 Story: [ID:nPRA002551] Related news: [RTRS-LEN-CZ-MCE]
========================TOP NEWS===============================
                                
 INTERIM GOVT: Czech President Vaclav Klaus appointed a
caretaker administration on Friday which will complete the
central European country's term as European Union president and
lead it to an early election in October.
                                
 Story: [ID:nL8522931] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 For FACTBOX on the cabinet double click on[ID:nL7213061]
                                
 For FACTBOX on cabinet's task double click on [ID:nL8705205]
                                
 
                                
 LISBON TREATY: The future of the European Union once again
rests on Ireland's voters but there is little official sign of
urgency about ratifying a crucial reform treaty as financial
woes and local polls dominate government thinking.
                                
 Story: [ID:nL71034218] Related news: [RTRS-LEN-CZ-DIP]
                                
 
                                
 C.BANK HIGHLIGHTS: The Czech central bank cut its main
interest rate by 25 basis points to a historic low of 1.5
percent on Thursday. Following are comments by Governor Zdenek
Tuma at a news conference following the decision.
                                
 Story: [ID:nL71026517] Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 C.BANK CUTS RATES: The Czech central bank cut interest rates
by a quarter point to a historic low on Thursday and said the EU
state's economy would improve in the coming quarters as it had
already been hit by the worst of the crisis.
                                
 Story: [ID:nL5152883] Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 KOMERCNI NET FALLS: Net profit at Komercni Banka <BKOMsp.PR>
fell 7.3 percent in the first quarter, less than analysts'
estimates due to lower provisions and despite building pressure
from a slipping Czech economy.
                                
 Story: [ID:nL7390523] Related news: [RTRS-LEN-CZ-RES]
                                
 
                                
 TELEFONICA: Telefonica O2 Czech Republic <SPTTsp.PR> said on
Thursday it would receive more than 900 million crowns ($45.23
million) from its Czech rival T-Mobile in a settlement of
pricing disputes from 2001.
                                
 Story: [ID:nWLA3594] Related news: [RTRS-LEN-CZ-TEL]
                                
 
                                
 KRABAKH TALKS: Armenia and Azerbaijan inched ahead in talks
over settling their dispute over the Nagorno-Karabakh enclave on
Thursday, mediators of negotiations between the two Caucasus
countries said.
                                
 Story: [ID:nL71003358] Related news: [RTRS-LEN-CZ-AM]
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX>   000.0    982.7   +0.00           n/a
 vs Euro     <EURCZK=>  26.755   26.740   +0.00         -0.95
 vs Dollar      <CZK=>  19.472   19.514   +0.00         -6.97
 U.S. Equities  <.DJI>  08,575   08,410   +1.96        -35.36
 Pvs close or current levels vs prior domestic close at 1500

==========================PRESS DIGEST=========================
                                
 LISBON: If President Vaclav Klaus continues to obstruct
ratification of the Lisbon treaty, ignoring an approval of the
parliament, he should resign. His stance which disrespects the
decision of the legislative branch could be qualified as
treason, Senate Deputy Speaker Alena Gajduskova said.
                                
 Hospodarske Noviny, page 10
                                
 
                                
GOVT TENDER: Czech Prime Minister Jan Fischer and Finance
Minister Eduard Janota agreed to review a 115 billion Czech
crown government tender for ecological clean-up work.
                                
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>

                                
 News editor of the day: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
  (Compiled by Jana Mlcochova)