Czech Republic - Factors To Watch on May 10

                                
 PRAGUE, May 10 (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 hours)

=========================ECONOMIC DATA=========================
                                
 April unemployment data at 0700 GMT.
                                
 April inflation data at 0700 GMT.
                                
 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 - The Czech cabinet to hold a session
(www.vlada.cz/en/default.htm). News conference to follow.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - European Values Association organises conference
"Towards Safer Europe", party leaders to discuss the Czech
Republic's priorities in the EU.
(www.evropskehodnoty.cz/docs/Konference_EH_10-11.5.pdf).
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
==========================WEEKEND NEWS========================
                                
 2011 BUDGET: The Czech government will have to find about 40
billion to 45 billion crowns ($2.12 billion to $2.39 billion) in
tax hikes and savings to achieve next year's deficit target of
4.8 percent of gross domestic product, Finance Minister Eduard
Janota said on Sunday.
                                
 Story: [ID:nLDE648055] Related news: [RTRS-LEN-CZ-FRX]
                                
 
==========================TOP NEWS============================
                                
 CZECH, SLOVAK GDP SEEN UP IN Q1: A pick up in west European
demand bolstered the export-reliant economies' foreign trade and
industrial production, likely leading to the first annual growth
in GDP, after four consecutive quarters of falling.
                                
 Story: [ID:nLDE6461FC] Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 BROADCASTER CME WAITS FOR RECOVERY BEFORE M&A: Television
group Central European Media Enterprises (CME) will hold on to
its cash reserves and not look at acquisitions until it sees a
steady recovery in advertising markets, the company's chief
executive said.
                                
 Story:[ID:nLDE64618H] Related news: [RTRS-LEN-CZ-TBCS]
                                
 
                                
 CZECH, ROMANIAN INDUSTRY IMPROVING: Czech and Romanian
output data showed a strengthening recovery in eastern Europe,
driven by exports as well as signs of revival in domestic
demand, that cast doubt over the need for a monetary stimulus
provided by Czech policymakers this week.    
                                
 Story: [ID:nLDE6460JN] Related news: [RTRS-LEN-CZ-CEEU]
                                
 
                                
 CEE MARKETS: The Polish zloty suffered steep losses on
Friday, tracking a plunge in global financial markets, but a
string of upbeat economic data from the Czech Republic boosted
the crown.
                                
 Story: [ID:nLDE6460LI] Related news: [RTRS-LEN-CZ-FRX]

 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2010
 Czech Equities <.PX>    --      1146.6    -2.85        2.62
 vs Euro    <EURCZK=>  25.532    25.878     1.34        2.99
 vs Dollar     <CZK=>  19.741    20.449     3.46       -7.42
 U.S. Equities <.DJI>  10380.43  10520.32  -1.33       -0.46
 Pvs close or current levels vs prior domestic close at 1500 GMT

==========================PRESS DIGEST========================
                                
 RESIST PAYING AID: President Vaclav Klaus said the Czech
Republic should resist pressure to contibrute to a rescue of
Greece or other euro zone countries.
                                
 Tyden, page 22
                                
 
                                
 ECM: ECM Real Estate Investments <ECMPsp.PR> sold a City
Court office building in Prague, which is yet to be completed,
for 199.4 million crowns ($10.59 million) to Skanska Central
Europe Holding.
                                
 Hospodarske Noviny, page 21
                                
 
                                
 KIT DIGITAL: KIT digital <KITDsp.PR> sold an additional
shares for $8.25 million in an over-allotment option.
                                
 Hospodarske Noviny, page 24
                                
 
                                
 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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fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com