Czech Republic - Factors To Watch on Sept 29

                                
 PRAGUE, Sept 29 (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 ========================
                                
 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/]
========================= TOP NEWS ============================
                                
 EURO ENTRY NO SHIELD FROM MARKET WOES: Fast adoption of the
euro would not shield the Czech economy from the impact of
financial market turbulence, Czech central bankers said on
Friday.
                                
 Story: [ID:nLT408012] Related news: [RTRS-LEN-CZ-EUR]

                                
 PEGAS Q3 MARGINS UNDER PRESSURE: Czech artificial fabrics
maker Pegas Nonwovens <PGSNsp.PR> has seen its margins under
pressure in the third quarter due to a previous rise in raw
material prices, Chief Executive Milos Bogdan said on Friday.
                                
Story: [ID:nLQ614079] Related news: [RTRS-LEN-CZ-RES]
                                
 
                                
 BELVIPORT HOLDS 6.08 PCT IN ZENTIVA: Belviport Trading Ltd
disclosed to Dutch regulators that it had 2.32 million shares
representing 6.08 percent interest in Zentiva as of Sept. 19,
above the 5 percent threshold which requires disclosure.
                                
 Story: [ID:nWLA0306] Related news: [RTRS-LEN-CZ-DRU]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,274.0  1,300.6   -2.05        -29.81
 vs Euro     <EURCZK=>  24.460   24.460   +0.00         +8.34
 vs Dollar      <CZK=>  16.873   16.880   +0.01         +7.65
 U.S. Equities  <.DJI>  11,143   11,022   +1.10        -15.99
 Pvs close or current levels vs prior domestic close at 1500

======================= PRESS DIGEST===========================

                                
 VIENNA FAVOURITE IN PSE SALE: Vienna stock market operator
Wiener Boerse is a favourite in the planned sale of the Prague
Stock Exchange (PSE). Warsaw Stock Exchange plans to file its
offer today although it was not invited in the tender and it is
not taking part in due diligence.
                                
 E15, page 12
                                
 
                                
 BUDGET CUTS: Finance Minister Miroslav Kalousek said the
U.S. crisis may mean cutting next year's state budget
expenditure by up to 10 billion crowns ($598.8 million).
                                
 Pravo, page 3
                                
 
                                
 AIRPORT SALE: Finance Minister Miroslav Kalousek said he
considers 4 billion euros ($5.85 billion) a "good offer" for the
Prague Airport sale. He also said he cannot automatically agree
that the latest market turmoil could shrink the airport's value.
                                
 Euro, page 46
                                
 
                                
 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)