Czech Republic - Factors To Watch on Oct 8

                                
 PRAGUE, Oct 8 (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 ========================
                                
 September inflation data and harvest estimate at 0700 GMT.
                                
 September unemployment data 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 Czech
currency.............................[CZK/]
========================== EVENTS= ============================
                                
 PRAGUE - Prazska energetika <PRNG.PR> to hold a
shareholders' meeting.
                                
 PRAGUE - The Czech cabinet to hold a regular session, to
discuss financial market supervision proposal. News conference
seen at 0900 GMT.
                                
 PRAGUE - UNEP director Achim Steiner to give a lecture
"Environment and International Security" (0830 GMT).
                                
 PRAGUE - Q3 government debt duration data at 1200 GMT.
                                
 PRAGUE - Telefonica O2 Czech Republic <SPTTsp.PR> to begin
paying dividend
========================= TOP NEWS ============================
                                
 FULL DEPOSIT GUARANTEE "UNTRUSTWORTHY": Pledges of full bank
deposit protection for bank savers are impossible to meet and
therefore they are untrustworthy, Czech central bank (CNB) Vice
Governor Mojmir Hampl was quoted as saying.
                                
 Story: [ID:nPRG001045] Related news: [RTRS-LEN-CZ-BNK]
                                
 
                                
 JULIUS BAER FUNDS ACQUIRE STAKES IN KOMERCNI: Julius Baer
International Equity Fund II notified it acquired 3.01 percent
stake in voting rights as of Sept. 15.
                                
 Story: [ID:nL8588885] Related news: [RTRS-LEN-CZ-MRG]

                                
 CZECH ECONOMY TO LAND HARDER DUE TO EU WOES: The Czech
Republic will be lucky if economic growth only slumps to 3
percent next year as the global financial crisis and a strong
currency hammer businesses, the head of a leading national
industry lobby said.
                                
 Story: [ID:nL8172784] Related news: [RTRS-LEN-CZ-MMT]

                                
 SUPPORT FOR U.S. SHIELD TICKS UP: Support for building a
U.S. missile defence radar in the Czech Republic ticked up in
the past months but majority of Czechs are still against ahead
of a parliamentary vote on the plan, opinion polls showed.
                                
 Story: [ID:nL796286] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 CROWN JUMPS: The Czech crown <EURCZK=> jumped more 1.2
percent against the euro on Tuesday on foreign buying to trade
at a one-week high after failing to break above the key 25.00
level in the past days, dealers said.
                                
 Story: [ID:nPRG001043] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CZECH FINMIN-FULL BANK DEPOSIT GUARANTEE CRAZY: European
politicians are "crazy" to have offered pledges of blanket
deposit protection for bank savers and governments cannot afford
it, Czech Finance Minister Miroslav Kalousek was quoted as
saying.     
                                
 Story: [ID:nL7722895] Related news: [RTRS-LEN-CZ-BNK]
                                
 
                                
 PEGAS CEO RESIGNS:  Chief Executive and board member at
Czech textiles maker Pegas Nonwovens <PGSNsp.PR> Milos Bogdan
has resigned from his positions as of October 6, the company
said.
                                
 Story: [ID:nPRG001042] Related news: [RTRS-LEN-CZ-MAN]
                                
 
                                
 NO NEED TO BOOST LIQUIDITY NOW: The Czech central bank (CNB)
does not see the need to boost liquidity but is ready to act if
needed, CNB's Vice Governor Miroslav Singer said.
                                
 Story: [ID:nPRG001041] Related news: [RTRS-LEN-CZ-MMT]

---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,084.6  1,102.9   -1.66        -40.25
 vs Euro     <EURCZK=>  24.700   24.647   -0.21         +7.29
 vs Dollar      <CZK=>  18.188   17.952   -1.28         -0.08
 U.S. Equities  <.DJI>  09,447   09,956   -5.11        -28.78
 Pvs close or current levels vs prior domestic close at 1500

 ======================= PRESS DIGEST===========================
                                
 BANK DEPOSIT GUARANTEE TO DOUBLE: The limit on deposit
insurance will double permanently to 50,000 euros ($67,930). 
                                
 E15, page 1
                                
 
                                
 DEPOSTI INSURANCE FUND: Finance Minister Miroslav Kalousek
does not count on increasing the premium banks pay for the
insurance because there is enough money in the fund.
                                
 Hospodarske Noviny, page 19


                                
 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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 (Compiled by Jana Mlcochova)