Czech Republic - Factors To Watch on Oct 12

                                
 PRAGUE, Oct 12 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday.
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

=========================ECONOMIC DATA=========================
                                
 Harvest estimate 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/]
                                
 
===========================TOP NEWS============================
                                
 MOODY'S: RISKS TO CZ,PL OUTLOOK BALANCED: The Czech
government must push ahead with structural economic reforms
before the country's credit rating can be raised, and will risk
a downgrade if it does not deliver, Moody's Investors Service
said on Monday.
                                
 Story: [ID:nLDE69B070] Related news: [RTRS-LEN-CZ-CEEU]
                                
 
                                
 MITTAL MULLING NEW CZECH STEEL MILL: The world's No. 1
steelmaker ArcelorMittal <ISPA.AS> plans to make a final
decision on whether to invest 200 million euros in a new mill at
its Czech unit by the end of 2010, a spokewoman said on Monday.
                                
Story: [ID:nPRG004424] Related news: [RTRS-LEN-CZ-STL]
                                
 
                                
 FORTUNA SETS IPO MAX VALUE AT EUR 81.9 MLN: Czech betting
company Fortuna Entertainment Group set on Monday a total
maximum value of its initial public offering at 81.9 million
euros ($114.4 million) saying it would use proceeds from the
sale to launch a lottery unit.
                                
 Story: [ID:nLDE69A0AH] Related news: [RTRS-LEN-CZ-IPO]
                                
 
                                
 MOST CZECHS AGAINST EURO ADOPTION: Only a third of Czechs
are in favour of adopting the euro and a majority thinks the
European Union is not developing in the right direction, a poll
showed on Monday.
                                
 Story: [ID:nLDE69A16Z] Related news: [RTRS-LEN-CZ-EZ]
                                
 
                                
 CBANK SAYS CPI BELOW FCAST DUE TO REGULATED PRICES: Czech
consumer inflation in September was a touch below the central
bank's forecast due to a slower than expected rise in regulated
prices and a lower net inflation, the bank said on Monday.
                                
 Story: [ID:nPRA005281] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 SKODA SALES HIT RECORD IN SEPT: Czech Republic's Skoda Auto
showed a 12.8 percent rise in car sales over the first nine
months of the year to  568,990 vehicles, the unit of Germany's
Volkswagen said on Monday.
                                
 Story: [ID:nLDE69A0PH] Related news: [RTRS-LEN-CZ-AUT]
                                
 
                                
 INFLATION IN CEE: Annual inflation quickened by
more than expected in the Czech Republic and Romania in
September, data showed on Monday, sparking debate over timing of
interest rate hikes.
                                
 Story: [ID:nLDE69A0GB] Related news: [RTRS-LEN-CZ-CEEU]
                                
 
                                
 CBANK CHIEF: NO REASON TO INTERVENE AGAINST CZK: Czech
central bank chief Miroslav Singer sees no reason to intervene
against the Czech crown, he said in a presentation released on
the bank's web site on Monday.
                                
 Story: [ID:nLDE69A0F6] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CPI IN LINE: Czech consumer prices dipped by 0.3 percent in
September from August, putting the annual inflation rate at 2.0
percent, a touch above market expectations, and in line with the
central bank inflation target.
                                
 Story: [ID:nLDE69A08W] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 CEZ RESTARTED TEMELIN UNIT 1 ON RUSSIAN FUEL: Czech power
group CEZ <CEZPsp.PR> said it started Unit 1 at its nuclear
power plant Temelin on Friday after changing fuel, and plans to
reconnect the unit by the middle of the week.
                                
 Story: [ID:nLDE69A0C5] Related news: [RTRS-LEN-CZ-IPO]
                                
 
                                
 CEE MARKETS: Central Europe's currencies were mostly
stronger in quiet trade on Monday, led by the zloty on
expectations for currency inflows following the sale of a stake
in Poland's largest utility PGE. 
                                
 Story: [ID:nLDE6960M0] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEE POWER: Low wind generation and delays in nuclear plant
restarts in the region drove Czech spot power to a three-month
high on Monday while Cal '11 remained under pressure, market
participants said.
                                
 Story: [ID:nLDE6961VV] 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=>     24.495     24.529     0.14      6.93
 vs Dollar     <CZK=>     17.725     17.646    -0.45      3.55
 Czech Equities <.PX>  1,151.5    1,151.5       0.87      3.06
 U.S. Equities <.DJI> 11,010.34  11,006.48      0.04      5.58
 Pvs close or current levels vs prior domestic close at 1500
GMT
=========================PRESS DIGEST==========================
                                
 POWER PRICES: Finance Minister Miroslav Kalousek will
propose to refund electricity distributors the higher renewable
energy fee with a delay, from the sale of Co2 emissions after
2013, and thus avoid an expected electricity price hike next
year. The government has emission permits worth 90 billion
crowns at disposal, which it had planned to distribute to
companies for free. Prime Minister Petr Necas prefers to
implement a withholding tax on renewable energy subsidies to
offset the price hike.
                                
 Pravo, page 4
                                
 
                                
 ECM IN DIRE STRAITS: Real estate developer ECM <ECMPsp.PR>
euro bond holders voted against calling their bonds and should
decide on a restructuring plan on Nov 4. BH Securities analyst
Tomas Matuska said the situation was critical at ECM and said
bond holders may vote on winding up the company at the next
meeting.
                                
 Hospodarske Noviny, page 24
                                
 
                                
 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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