Czech Republic - Factors To Watch on Sept 17

                                
 PRAGUE, Sept 17 (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=========================
                                
 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============================
                                
 CEE MARKETS: Central European currencies dropped for a
second straight session on Thursday, while Polish and Czech
bonds struggled to hold recent gains despite clear signs of
tight supply ahead.
                                
 Story: [ID:nLDE68F0JQ] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 BORROWING OUTLOOK: Czech borrowing could fall to the lower
end of an estimated 250 billion to 270 billion crown range in
2011 due to better market conditions and an improved fiscal
position, the Finance Ministry's debt chief says.
                                
 Story: [ID:nSLAGKE6CR] Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 RATINGS OUTLOOK: Ratings agency Moody's said on Thursday it
saw some upward pressure on ratings in Poland and the Czech
Republic thanks to fiscal adjustments while the region had also
benefited from growth in Germany.
                                
 Story: [ID:nLDE68F0Y8] Related news: [RTRS-LEN-CZ-AAA]
                                
 
                                
 CEE POWER: Czech spot power prices rose on Thursday with
cooler weather, forecasts for lower wind in the region and
outages helping to firm the contract, traders said.
                                
 Story: [ID:nLDE68F1TI] Related news: [RTRS-LEN-CZ-DRV]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                
                                 close    on day     in 2010
 vs Euro    <EURCZK=>     24.653     24.659    0.02       6.33
 vs Dollar     <CZK=>     18.799     18.82     0.11      -2.3
 Czech Equities <.PX>  1,139.4    1,139.4     -0.25       1.98
 U.S. Equities <.DJI> 10,594.83  10,572.73     0.21       1.6
 Pvs close or current levels vs prior domestic close at 1500 GMT

=========================PRESS DIGEST==========================
                                
 LESS SPENDING: The average Czech spends 3,400 crowns monthly
in shops, down from 4,400 crowns monthly in 2088, according to
research by TNS AISA for GE Money Bank.
                                
 Hospodarske Noviny, page 23
                                
 
                                
 PEGAS DIVIDEND: Pegas Nonwovens textile maker <PGSNsp.PR>
will pay a 0.95 euro per share dividend.
                                
 E15, page 12
                                
 
                                
 DEVELOPER PROJECTS: Bank Ceska Sporitelna, a Erste Group
<ERST.VI> unit, said about a fifth of developer projects it has
financed do not have a chance of being completed.
                                
 E15, page 1
                                
 
                                
 ECM BONDHOLDERS: ECM Real Estate Investments <ECMPsp.PR>
called a bondholders meeting for Oct 3.
                                
 Hospodarske Noviny, page 26
                                
 
                                
 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>

                                
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