Czech Republic - Factors To Watch on Aug 28

                                
 PRAGUE, Aug 28 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Friday:
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

=========================ECONOMIC DATA=========================
                                
 Preliminary July industrial output 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 - Philip Morris Czech Republic <TABKsp.PR> to release
H1 results.
                                
 Related news [RTRS-LEN-CZ-RES]
==========================TOP NEWS============================
                                
 ORCO: Orco Property Group <ORCOsp.PR> <ORCO.PA> saw its net
loss widen more than 14-fold to 199.9 million euros in the first
half after taking hits from revaluation and impairment charges,
the group said late on Thursday.
                                
 Story [ID:nLR335510]  Related news [RTRS-LEN-CZ-RES]

                                
 BUDGET: The Czech Finance Ministry will submit a draft 2010
budget with a 230 billion crown ($12.84 billion) deficit after
main political leaders refused to discuss cuts, the finance
minister was quoted as saying on Friday.
                                
 Story [ID:nLS523431]  Related news [RTRS-LEN-CZ-POL]

                                
 PHILIP MORRIS EARNINGS POLL: Czech cigarette maker Philip
Morris CR <TABKsp.PR> is expected to show a two-fold increase in
unconsolidated net profit in the first half compared to a year
ago, when profits tumbled due to rising excise tax, a Reuters
poll showed on Wednesday.
                                
 Story [ID:nLQ279661]  Related news [RTRS-LEN-CZ-RESF]
                                
 
                                
 BUDGET SCRAMBLE: Czech political leaders on Thursday balked
at a finance minister plan to cut the 2010 budget deficit to
tolerable 5 percent of gross domestic product, pouring cold
water on hopes for an agreement before an autumn election.
                                
 Story [ID:nLR665602]  Related news [RTRS-LEN-CZ-POL]
                                
 
                                
 PEGAS EARNINGS: Czech artificial textiles maker Pegas
Nonwovens <PGSNsp.PR> reported a 20.4 percent drop in
second-quarter net profit due to lower one-off income from debt
revaluation, but it just beat analysts' expectations.
                                
 Story [ID:nLR349729]  Related news [RTRS-LEN-CZ-RESF]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>   0        1158,7    0         n/a
vs Euro   <EURCZK=>    25,458    25,434    0,09      -4,84
vs Dollar    <CZK=>    17,718    17,729   -0,06      -7,3
 U.S. Equities <.DJI>  9580,63   9543,52   0,39       9,16
 Pvs close or current levels vs prior domestic close at 1500
 ==========================PRESS DIGEST========================
                                
 AAA AUTO: Used car dealer AAA Auto <AAAAsp.PR> confirmed a
second half net loss of 18 million Czech crowns, down 48 percent
year on year.
                                
 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)