Czech Republic - Factors To Watch on May 14

                                
 PRAGUE, May 14 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday:
                                
 ALL TIMES GMT (Czech Republic: GMT + 1 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 - Komercni Banka <BKOMsp.PR> to release first quarter
results. Analysts polled by Reuters expected net profit of 2.99
billion crowns [ID:nL12559669]. Presentation with headquarters
at 1100 GMT, conference call at 1400 GMT.
                                
 Related news: [RTRS-LEN-CZ-BNK]
                                
 
                                
 PRAGUE - Czech central bank board member Robert Holman to
present the bank's results at parliament's budget committee
after 1030 GMT.
                                
 Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 PRAGUE - The Czech cabinet to hold a regular session. News
conference seen at 1030 GMT. Ministers to debate natural gas
supplies and the country's position on the EU budget revision.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - 3-year government bond auction <CZ1002158=>.
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 PRAGUE - Conference "EU in an Embrace of Regulation: How to
go on?" with British Europe Minister Jim Murphy and Czech Deputy
Prime Minister for European Affairs Alexandr Vondra (1300 GMT).
                                
 Related news: [RTRS-LEN-CZ-DIP]
                                
 
======================= TOP NEWS ===============================
                                
 CEE INFLATION: Food and fuel pushed consumer prices higher
in emerging Europe in April, but analysts said the region's
central banks could end their tightening cycle by mid-summer as
the global slowdown takes hold on growth.
                                
 Story: [ID:nL13616998] Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
 GDP TO SLOW IN CEE: Economic growth in emerging Europe is
expected to have been pinched in the first quarter by strong
currencies, the slowdown in the euro zone and inflation that has
taken the edge off domestic demand.
                                
 Story: [ID:nL13143713] Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
 CEZ RESULTS: Czech power group CEZ <CEZPsp.PR> is expected
to post 18 percent growth in first-quarter net profit on rising
electricity prices and higher power consumption, a Reuters poll
showed on Tuesday.
                                
 Story: [ID:nL12322665] Related news: [RTRS-LEN-CZ-ELG]
                                
 
                                
 AIRPORT TRAFFIC: Passenger traffic at the Prague Airport
(Letiste Praha), slated for privatisation later this year, rose
by 7.2 percent in the first quarter to a record high of 2.51
million people, the firm said on Tuesday.
                                
 Story: [ID:nL13507884] Related news: [RTRS-LEN-CZ-AIR]
                                
 
                                
 CONSTRUCTION GROWTH SLOWS: Czech construction output rose
0.8 percent year-on-year in March, the Statistical Bureau said
on Tuesday, a significant slowdown from the previous month.
                                
 Story: [ID:nL1399744] Related news: [RTRS-LEN-CZ-CON]
                                
 
                                
 CEZ SHARES FALL: Shares in Czech power firm CEZ <CEZPsp.PR>
fell 1.6 percent in morning trade on Tuesday as the stock went
ex-dividend ahead of its first-quarter results due on Thursday.
                                
 Story: [ID:nPRA001911] Related news: [RTRS-LEN-CZ-ELG]
                                
 
                                
 UNIPETROL RESULTS: Czech petrochemical and refinery group
Unipetrol <UNPEsp.PR> is expected to post a 58 percent drop in
the net profit for the first quarter as high oil prices
depressed its margins, a Reuters poll showed on Tuesday.
                                
 Story: [ID:nL13937672] Related news: [RTRS-LEN-CZ-CHE]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,641.9  1,640.9   +0.06         -9.54
 vs Euro     <EURCZK=>  24.920   24.920   +0.00         +6.34
 vs Dollar      <CZK=>  16.124   16.124   +0.01        +12.70
 U.S. Equities  <.DJI>  12,832   12,876   -0.34         -3.26
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST ============================
                                
 ENERGY PLANS: Environment Minister Martin Bursik is
preparing a plan, designed to cut emissions of greenhouse gases
in the country by half by 2020. The plan includes construction
of 36 new gas-fired power plants with 300 megawatt output each
and five 160 MW gas turbines.
                                
 E15, page 2
                                
 
                                
 PPF PROFIT: Czech investment group PPF expects a revenue of
75 billion crowns ($4.65 billion) from creation of a joint
insurer with Italy's Generali <GASI.MI>. PPF's profit fell to
6.8 billion crowns last year, from 11 billion in 2006 due to
one-off revenues from asset sales in 2006.
                                
 Mlada Fronta Dnes, page B1
                                
 
                                
 E.ON ARBITRATION: Czech businessman Karel Komarek lost a
Vienna arbitration dispute against E.ON Ruhrgas <EONG.DE> over
influence in Czech oil firm Moravske Naftove Doly.
                                
 Hospodarske noviny, page 17
 
                                
 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
 (Reporting by Martin Dokoupil)