Czech Republic - Factors To Watch on Aug 29

                                
 PRAGUE, Aug 29 (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 ========================
                                
 July money supply data at 0800 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 Czech currency.............................[CZK/]
============================= EVENTS==========================
                                
 KUTNA HORA - Cigarette maker Philip Morris CR <TABKsp.PR>
expected to release H1 results.
                                
 Related news: [RTRS-LEN-CZ-BEV]
====================== TOP NEWS ===============================
                                
 NO NEED FOR FX COMMENT - C.BANK CHIEF: Czech central bank
(CNB) Governor Zdenek Tuma said in an interview published on
Friday he saw no need to comment on the crown's exchange rate
now that it had fallen from last month's record highs against
the euro.
                                
 Story: [ID:nLS57361] Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 ORCO SHOWS DROP IN NAV, H1 NET LOSS: Czech real estate
developer Orco Property Group <ORCO.PA> <ORCOsp.PR> said on
Thursday its first-half net asset value (NAV) fell to 83.9 euros
per share from 91.7 euros at the end of 2007.
                                
 Story: [ID:nLS156854] Related news: [RTRS-LEN-CZ-REA]
                                
 
                                
 CEE CREDIT, ECONOMIC OUTLOOKS GRIM: Ratings agency Fitch,
delivering a grim overview of emerging Europe on Thursday, said
the global slowdown, inflation pressures and fragile financing
conditions would weigh on the region's credit and economic
outlooks.
                                
 Story: [ID:nLS698646] Related news: [RTRS-LEN-CZ-EMRG]
                                
 
                                
 NWR SEES FIVEFOLD JUMP IN PROFIT, MISSES FCAST: Coal mining
group New World Resources <NWRS.L> <NWRSsp.PR> on Thursday
reported a fivefold jump in second-quarter net profit thanks to
soaring coal prices, but the figure missed forecasts because of
higher costs.
                                
 Story: [ID:nLS556057] Related news: [RTRS-LEN-CZ-MIN]
                                
 
                                
 CEE CURRENCIES FALL FURTHER OF GROWTH OUTLOOKS: Central
European currencies extended their losses against the euro on
Thursday as concerns over a slowdown in economic growth and the
Russian-Georgian conflict dented sentiment.
                                
 Story: [ID:nLS379917] Related news: [RTRS-LEN-CZ-FRX]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,456.2  1,444.0   +0.84        -19.77
 vs Euro     <EURCZK=>  24.690   24.690   +0.00         +7.33
 vs Dollar      <CZK=>  16.740   16.740   +0.01         +8.56
 U.S. Equities  <.DJI>  11,715   11,503   +1.85        -11.68
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST===========================
                                
 BANKS UP H1 PROFIT 19 PERCENT: Profit at Czech banks rose a
combined 19 percent in the first half of the year to 26.57
billion Czech crowns, boosted by interest payments from lending.
                                
 Hospodarske Noviny, page 16
                                
 
                                
 SALE OF BONTON NEARING END: The sale of the Czech Republic's
largest entertainment group Bonton is nearing an end, with
unnamed buyers already agreeing to the purchase of its remaining
subsidiaries. Proceeds are expected to reach up to 1 billion
crowns.
                                
 E15, page 1
                                
 
                                
 AAA AUTO SHOWS H1 LOSS: Czech used car dealer AAA Auto
<AAAAsp.PR> showed a 7.8 million euro first half loss it moves
ahead in a restructuring programme aimed at return it to
profitability.
                                
 Hospodarske Noviny, page 22
                                
 
                                
 CZECHS MAY SEEK U.S. HELP IN ARMY MODERNISATION: The Czech
Republic may seek the help of the United States in modernising
its army as part of a package to host the radar component of the
U.S. missile shield, Prime Minister Mirek Topolanek said.
                                
 Pravo, 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: Jana Mlcochova on +420 224 190 479;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jason Hovet)