Czech Republic - Factors To Watch on July 22

                                
 PRAGUE, July 22 (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 + 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/]

===========================EVENTS=============================
                                
 PRAGUE - 10-year government bond auction <CZ1002471=>.
                                
 Related news [RTRS-LEN-CZ-DBT]
                                
 
                                
 PRAGUE - Finance Ministry to publish quarterly update of its
macroeconomic forecasts on its Website www.mfcr.cz (1200 GMT).
                                
 Related news [RTRS-LEN-CZ-MCE]
=========================MORNING NEWS==========================
                                
 FINMIN NEW FCAST: The Czech economy could contract by nearly
twice as much this year than expected earlier and see only
marginal growth in 2010, possibly forcing the government to
review next year's budget, Finance Minister Eduard Janota said
on Wednesday. 
                                
Story [ID:nLM381762] Related news [RTRS-LEN-CZ-MCE]
===========================TOP NEWS=============================
                                
 C.BANKER ON FISCAL ISSUES: The Czech Republic must revamp
its public finances to avoid a dramatic erosion in several years
which may lead to a crisis already seen in some other central
and east European countries, central bank Vice-Governor Miroslav
Singer said on Tuesday.
                                
 Story [ID:nLL508599] Related news [RTRS-LEN-CZ-PLCY]
                                
 
                                
 INTEREST RATES: The room to debate a further lowering of
Czech interest rates has grown as the overall economic picture
is dominated by anti-inflationary risks, Czech central bank
Vice-Governor Miroslav Singer said on Tuesday.
                                
 Story [ID:nLL615449] Related news [RTRS-LEN-CZ-INT]
                                
 
                                
 CEE MARKETS: Central European currencies and bonds firmed
slightly on Tuesday, benefiting from another day of a rally of
the regions' stocks and still helped by recent successful bond
sales.
                                
 Story [ID:nLL414149] Related news [RTRS-LEN-CZ-FRX]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>   0        968,8     0           n/a
vs Euro   <EURCZK=>    25,803    25,824   -0,08       -3,55
vs Dollar    <CZK=>    18,151    18,151   -0          -5,04
 U.S. Equities <.DJI>  8915,94   8848,15   0,77        1,59
 Pvs close or current levels vs prior domestic close at 1500

=========================PRESS DIGEST=========================
                                
 EURO: Leading leftist party Social Democrats say the country
could adopt the euro in 2015 which would give the Czechs time to
bring the fiscal gap within the euro adoption threshold.
                                
 Hospodarske Noviny, page 2
                                
 
                                
 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 Jan Lopatka)