Czech Republic - Factors To Watch on Aug 28

                                
 PRAGUE, Aug 28 (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 Czech currency.............................[CZK/]
============================= EVENTS== ========================
                                
 LONDON - Coal mining firm New World Resources (NWR) <NWRS.L>
<NWRSsp.PR> to release H1 results. Presentation for analysts at
1000 GMT. Reuters poll showed Q2 net expected at 124.2 million
euros, EBIT at 166.6 million euros, and revenue at 532.5 million
euros.
                                
 Related news: [RTRS-LEN-CZ-MIN]
                                
 
                                
 PRAGUE - 52-week T-bill auction
                                
 Related news: [RTRS-LEN-CZ-DBT]

                                
 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-PLCY]
                                
 
                                
 PRAGUE - Used car dealer AAA Auto <AAAAsp.PR> to release H1
results after market close.
                                
 Related news: [RTRS-LEN-CZ-AUT]
                                
 
                                
 LUXEMBOURG - Developer Orco Property Group <ORCOsp.PR> to
release H1 results after market close.
                                
 Related news: [RTRS-LEN-CZ-REA]

====================== TOP NEWS ===============================
                                
 ECM SHOWS NAV DROP, LOSS: Czech real estate developer ECM
Real Estate Investments <ECMPsp.PR> said on Wednesday its net
asset value (NAV) fell 3.9 percent to 234 million euros in the
first half of 2008.
                                
 Story: [ID:nPRG000971] Related news: [RTRS-LEN-CZ-REA]

                                
 CEZ TO BUILD BIGGEST ONSHORE WINDPARK IN EUROPE: Czech power
group CEZ will build a 1.1 billion euro wind park in Romania, it
said on Wednesday, the largest project of its kind in Europe as
the company tries to offset emissions from dirtier coal-fired
power plants.
                                
 Story: [ID:nLR93259] Related news: [RTRS-LEN-CZ-ELG]
                                
 
                                
 PEGAS Q2 NET IN LINE:  Czech group Pegas Nonwovens
<PGSNsp.PR> returned to a net profit of 11.7 million euros
($17.21 million) in the second quarter, after a loss a year ago,
helped by foreign exchange gains, the company said.
                                
 Story: [ID:nLR654007] Related news: [RTRS-LEN-CZ-RES]

                                
 REAL WAGES MODERATELY UP: The average Czech real monthly
wage rose 1.1 percent year-on-year from April to June,
decelerating from the previous quarter despite a rise in
inflation, data showed on Wednesday.
                                
 Story: [ID:nLR406807] 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> 1,444.0  1,437.6   +0.45        -20.45
 vs Euro     <EURCZK=>  24.635   24.580   -0.22         +7.57
 vs Dollar      <CZK=>  16.625   16.695   +0.51         +9.39
 U.S. Equities  <.DJI>  11,503   11,413   +0.79        -13.29
 Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST===========================
                                
 INTEREST RATES: Czech central bank chief Zdenek Tuma said he
does not want to predict the next move in setting interest
rates, which he said will depend on the development of risks for
the bank's inflation forecast. He said inflation is high and it
remains to be seen to what degree high prices impact inflation
expectations.    
                                
 Hospodarske Novniny, page 14
                                
 
                                
 HEALTH INSURANCE: The largest Czech insurer Ceska
Pojistovna, which is part of PPF Generali Holding, a  joint
venture of financial group PPF and Italy's insurer Generali
<GASI.MI>, has asked for a licence to provide health insurance
services in the Czech Republic.
                                
 Mlada fronta Dnes, B1
                                

                                
 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: Jana Mlcochova on +420 224 190 479;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)