Czech Republic - Factors To Watch on May 19

                                
 PRAGUE, May 19 (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 + 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 CEE currencies.............................[CEE/]
=========================TOP NEWS===============================
                                
 
                                
 CEZ TO SHUT PLANT:  Czech power group CEZ <CEZPsp.PR> will
shut one of its power stations for more than three months and
may curtail production in two others to cut costs, a spokesman
said on Monday.
                                
 Story: [ID:nLI395876] Related news: [RTRS-LEN-CZ-ELG]
                                
 
                                
 FX DROP: The Polish zloty led central Europe lower on
Monday, with investors staying cautious on riskier assets and
weak stock markets weighing on the region.
                                
 Story: [ID:nLI241466] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 NWR SHOWS LOSS: Miner New World Resources (NWR) posted a
surprise first quarter net loss of 2.14 million euros and said
it would cut full-year production targets due to the economic
downturn in central Europe.
                                
 Story: [ID:nLI215935] Related news: [RTRS-LEN-CZ-RES]
                                
 
                                
 SLAVIA WINS CZECH TITLE: Slavia Prague secured its second
consecutive Czech league title on Monday with a 3-1 away victory
over Viktoria Zizkov.
                                
 Story: [ID:nLI548037] Related news: [RTRS-LEN-CZ-SOCC]
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX>   000.0    899.5   +0.00       -   n/a
 vs Euro     <EURCZK=>  26.720   26.720   +0.00         -0.82
 vs Dollar      <CZK=>  19.730   19.744   +0.44         -7.52
 U.S. Equities  <.DJI>  08,504   08,269   +2.85        -35.89
 Pvs close or current levels vs prior domestic close at 1500

 ==========================PRESS DIGEST=========================
                                
 
                                
 EURO: One of key leftist Social Democrat leaders and shadow
finance minister Bohuslav Sobotka said it was unlikely the next
government would be able to adopt the euro due to the swelling
public sector gap. He said the adoption would be handled by a
government coming from general elections in 2013. Adopting the
single currency in 2014 or 2015 would be a big success, he said.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 PENSION FUNDS: Czech pension funds earned 885 million crowns
($44.27 million) in the first quarter of 2009 versus 706 million
earned for all of 2008, and compared to 4.39 billion earned in
2007.
                                
 Hospodarske Noviny, page 23

                                
 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)