Czech Republic - Factors To Watch on Dec 16

                                
 PRAGUE, Dec 16 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday.
                                
 ALL TIMES GMT (Czech Republic: GMT + 1 hour)
======================== 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============================
                                
 TUESDAY, December 16
                                
 PRAGUE - Ruling Civic Democratic Party (ODS) to hold a news
conference at 0745 GMT.
                                
  Related news: [RTRS-LEN-CZ-POL]

                                
 PRAGUE - The Czech cabinet to hold a regular session, to
discuss airline CSA privatisaion, fulfillment of the Maastricht
criteria. News conference at 1400 GMT.
                                
Related news: [RTRS-LEN-CZ-POL]

                                
 PRAGUE - Czech Foreign Minister Karel Schwarzenberg to meet
his Switzerland's counterpart Micheline Calmy-Rey. News
conference at 1245 GMT.
                                
 Related news: [RTRS-LEN-CZ-DIP]
====================== TOP NEWS ================================
                                
 CO2 RIGHTS: The Czech Republic will sell up to 10 million
tonnes of surplus greenhouse gas emissions rights to the World
Bank and it is close to seal a similar deal with Japan, a
government official said.
                                
 Story: [ID:nLF590902] Related news: [RTRS-LEN-CZ-CO2]
                                
 
                                
 CROWN POLL: The Czech crown is expected to remain broadly
flat in coming months, a Reuters poll showed on Monday, but
there is a risk of a drop as plummeting growth hits exporters.
                                
 Story: [ID:nLF425615] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CSA SALE: The Czech Republic will sell Czech Airlines (CSA)
in a two-round tender next year, the finance ministry said on
Monday, pushing ahead with the state carrier's sale despite
worsening global economic conditions.
                                
 Story: [ID:nLF719175] Related news: [RTRS-LEN-CZ-MRG]
                                
 
                                
 CME: Broadcaster Central European Media Enterprises'
<CETVsp.PR> <CETV.O> announced that Chief Operating Officer
Adrian Sarbu will take over the top spot after the resignation
of its chief executive. 
                                
 Story: [ID:nnLF111237] Related news: [RTRS-LEN-CZ-MAN]
=======================IN OTHER NEWS============================
                                
 ECM SHAREHOLDINGS: The founder of ECM Real Estate Investment
<ECMPsp.PR> Milan Janku upped his stake in the company to 76
percent from some 30 percent as part of his 303 crown per share
offer for the developer.
                                
  Related news: [RTRS-LEN-CZ-REA]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 vs Euro     <EURCZK=>  26.200   26.140   -0.23         +1.15
 vs Dollar      <CZK=>  19.104   19.207   +0.57         -4.86
 U.S. Equities  <.DJI>  08,565   08,630   -0.75        -35.43
 Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST ===========================
                                
 
                                
 AUSTRIA MAY BUY CZECH FIGHTERES: Austria plans to upgrade
its fighters fleet and one if the options it mulls is buying up
to 20 Czech subsonic fighters L-159.
                                
 Hospodarske Noviny, page 2
                                
 
                                
 CSA SALE: The government will discuss a plan to privatise
Czech airline CSA which assumes annoucning a tender Jan 14 and a
selection of a winner by the end of July 2009. Bidders must have
minimum assets of 5 billion crowns ($259.1 million).
                                
 Hospodarske Noviny, page 17
                                
 
                                
 CSOB LOSES BATTLE WITH NOMURA: Czech bank CSOB, a unit of
Belgium's KBC <KBC.BR>, lost a 24 billion crown dispute against
Japanese investment bank Nomura, involving the sale of Czech
breweries to South Africa's SAB <SAB.L> by Nomura.

                                
 Hospodarske Noviny, page 18
                                
 
                                
 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 Jason Hovet)