PRAGUE, July 30 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday:
ALL TIMES GMT (Czech Republic: GMT + 2 hours)
=========================ECONOMIC DATA=========================
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies.............................[]
===========================EVENTS===============================
PRAGUE - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
Related news: []
==========================MORNING NEWS=========================
ERSTE NET BEATS FCAST: Erste Group Bank <ERST.VI>, emerging
Europe's third-biggest lender, reported a better than forecast
second-quarter net profit on Thursday, with a trading result
that helped offset a sharp rise in bad debt provisions.
Story [] Related news []
==========================TOP NEWS============================
CZECH TELEFONICA NET DOWN: Net profit at Telefonica O2 Czech
Republic dropped 8.6 percent year-on-year in the first half to
3.08 billion crowns ($170.7 million), lagging market
expectations.
Story [] Related news []
CME REVENUE FALLING: A slump in advertising pushed
television group Central European Media Enterprises' (CME)
revenue down by two fifths in the second quarter as the economic
downturn hit the broadcaster's main markets.
Story [] Related news []
CEZ IN GERMANY: Czech power firm CEZ has taken full
ownership of a project to build a roughly 600 megawatt
lignite-burning power station in Germany, a spokeswoman said.
Story [] Related news []
CEE FX WEAKER: Central Europe's currencies slipped on
Wednesday as investors paused from gains this month, with the
zloty little moved after the Polish central bank left interest
rates at a historic low, as expected.
Story [] Related news []
EBRD HELP FOR SOCGEN: The European Bank for Reconstruction
and Development said on Wednesday it would invest around 400
million euros ($566 million) in the eastern European
subsidiaries of French banking group Societe Generale <SOGN.PA>
to help boost lending to small businesses in the region.
Story [] Related news []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2009
Czech Equities <> -- 994.3 -- --
vs Euro <EURCZK=> 25.546 25.539 0.03 -4.51
vs Dollar <CZK=> 18.155 18.197 -0.23 -5.02
U.S. Equities <> 9070.72 9096.72 -0.29 3.35
Pvs close or current levels vs prior domestic close at 1500
==========================PRESS DIGEST========================
INSURANCE'S SLOW RISE: The Czech insurance market rose 1.7
percent in the first half to 70 billion crowns ($3.88 billion)
after a 4.9 percent rise in 2008.
Hospodarske Noviny, page 14
For Instant Views of key economic data click on []
For summary of economic data and forecasts <CZ/ECON01>
For diary of forthcoming Czech events []
For calendar of east European economic indicators []
TOP NEWS -- Emerging markets []
TOP NEWS -- Convergence watch []
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 <> Budapest BUX <> Prague 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 Jason Hovet)
