Czech Republic - Factors To Watch on Aug 7

                                
 PRAGUE, Aug 7 (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================================
                                
 PRAGUE - July harvest estimate at 0700 GMT.
                                
 Related news: [RTRS-LEN-CZ-FOD]

                                
 PRAGUE - July foreign exchange reserves data at 0800 GMT.
                                
 Related news: [RTRS-LEN-CZ-FRX]

                                
 PRAGUE - 26-week T-bill auction.
                                
 Related news: [RTRS-LEN-CZ-DBT]

                                
 PRAGUE - Czech central bank governing board to meet on
interest rates. An announcement is expected sometime after 1000
GMT with a news conference to follow at around 1330 GMT. Bank
expected to keep rates flat, cut later, according to a Reuters
poll [ID:nL7361409].    
                                
 Related news: [RTRS-LEN-CZ-PLCY]

====================== TOP NEWS ================================
                                
PRAGUE BOURSE ON BLOCK: Owners of the Prague Stock Exchange
(PSE) are looking for a partner to buy a majority stake and
boost development of the central European country's capital
market, the PSE and shareholders said.
                                
Story: [ID:nL6269932]  Related news: [RTRS-LEN-CZ-MRG]
                                
 
                                
EURO ADOPTION: The Czech government should fix a target date
for adopting the euro to give companies a clear horizon for
decision-making, Deputy Prime Minister Jiri Cunek said.
                                
 Story: [ID:nL6319130]  Related news: [RTRS-LEN-CZ-EUR]
                                
 
                                
 KOMERCNI H1 NET UP: Komercni Banka <BKOMsp.PR.>, the only
listed Czech bank, showed a 21.5 percent rise in net profit for
the first half of 2008 on Wednesday, beating expectations.
                                
 Story: [ID:nL6239530] Related news: [RTRS-LEN-CZ-BNK]

---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,459.6  1,442.3   +1.20        -19.59
 vs Euro     <EURCZK=>  23.970   23.970   +0.00        +10.55
 vs Dollar      <CZK=>  15.484   15.477   +0.05        +17.45
 U.S. Equities  <.DJI>  11,656   11,616   +0.35        -12.13
 Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST ===========================

                                
  WORKERS TO BE PAID IN EUROS: Some Czech companies may
pay their workers partly in euros instead of  crowns to offset
the negative effect of the fast appreciating Czech currency on
profits.
                                
  Hospodarske Noviny, page 1
                                
 
                                
 CS CARGO TO GO PUBLIC NEXT YEAR: Czech logistics firm CS
Cargo plans an initial public offering on the Prague Stock
Exchange in the second half of 2009, the company said. It may
also list shares in Warsaw and London.
                                
 Hospodarske Noviny, page 10
                                
 
                                
 FINMIN ON EURO ADOPTION: Czechs should try to set a credible
date for euro adoption rather than rush a decision about it,
finance minister Miroslav Kalousek said. Technically, adoption
would be possible as of January 1, 2012, he said.
                                
 E15, page 3
                                
 
                                
 NUCLEAR ENERGY: CEZ <CEZPsp.PR> chief Martin Roman said he
sees no reason for the environmental impact assessment study for
the expansion of the nuclear plant in Temelin to be rejected, if
the project has the support of the regional government.
                                
 Ekonom, page 16
                                
 
                                
 BIDDERS IN CZECH INTERNET COMPANY: Private equity group
Warburg Pincus along with  Apex Partner, a major owner of CME
<CETVsp.PR>, are reportedly interested in Internet company
Seznam.cz.
                                
 Hospodarske Noviny, page 10
                                
 
                                
 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)