Czech Republic - Factors To Watch on Sept 10

                                
 PRAGUE, Sept 10 (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 Czech currency.............................[CZK/]
                                
 
===========================EVENTS==============================
                                
 PRAGUE - Q2 gross domestic product, July industrial and
construction data at 0700 GMT.
                                
 Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
 PRAGUE - The Czech cabinet to hold a regular session.
 Scheduled to discuss 2009 budget draft. News conference at 1100
GMT.
                                
 Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 PRAGUE - Prime Minister Mirek Topolanek, Labour, Social
Affairs Minister Petr Necas and Trade union (CMKOS)
representatives to discuss 2009 wages (1300 GMT).
                                
 Related news: [RTRS-LEN-CZ-POL]

========================= TOP NEWS ============================
                                
 CEZ CHIEF FINED BY REGULATOR: Czech regulators fined the
chief executive of power firm CEZ <CEZPsp.PR>, central Europe's
largest listed company, for a failure to disclose trading in the
company's shares, CEZ said on Tuesday.
                                
 Story: [ID:nLA10739] Related news: [RTRS-LEN-CZ-REG]
                                
 
                                
 POWER AUCTION: The Czech grid operator CEPS published the
following results on Tuesday of a monthly auction of
cross-border power capacity for October.
                                
 Story: [ID:L4315893] Related news: [RTRS-LEN-CZ-ELG]
                                
 
                                
 CZECHS TALK WITH RUSSIANS ON OIL SUPPLIES: The Russian
government has proposed cutting middlemen from oil supplies to
the Czech Republic to improve transparency of the trade, a Czech
energy security official said on Tuesday.
                                
 Story:[ID:nL9578261] Related news: [RTRS-LEN-CZ-OIL]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,390.4  1,427.9   -2.63        -23.40
 vs Euro     <EURCZK=>  24.780   24.815   +0.14         +6.94
 vs Dollar      <CZK=>  17.487   17.540   +0.16         +3.76
 U.S. Equities  <.DJI>  11,231   11,511   -2.43        -15.33
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST=========================== 

                                
 CZECH PM WARNS: Czech Prime Minister Mirek Topolanek said he
will not run for a re-election as the chairman of the ruling ODS
party unless the party "purifies itself".
                                
 Mlada fronta Dnes, page A2
                                
 
                                
 LISBON TREATY: Prime Minister Topolanek said he would
support amending the Czech constitution if it helped solve any
potential clash with the Lisbon Treaty. He also said the
Constitutional Court has indicated that it has a problem with
the treaty.
                                
 Mlada fronta Dnes, page A2
                                
 
                                
 ECM WILL NOT MEET TARGET: Developer ECM <ECMPsp.PR> will not
meet its full year target of 25 percent growth in net asset
value, ECM CFO said in an interview. He also said ECM may issue
new shares.    
                                
 Hospodarske Noviny, page 20
                                
 
 
                                
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)