PRAGUE, May 27 (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: []
PRAGUE - The lower house of parliament to continue a
session.
Related news: []
PRAGUE - 52-week T-bill auction.
Related news: []
==========================TOP NEWS============================
CZECH ELECTION - RIGHT PLEDGES QUICK CABINET: The main Czech
right-wing party pledged on Wednesday to form a government
quickly if like-minded forces win an election this weekend
pitting budget-cutting conservatives versus leftists keep to
protect those hit by the economic crisis.
Story: [] Related News []
* For a TAKE A LOOK on the May 28-29 election click
[]
* Factbox on key Czech political events []
* Factbox on main parties []
* Factbox on election leaders []
* Factbox on procedure []
9-YR BOND AUCTION: The Czech Finance Ministry sold more than
planned in an auction of a benchmark 2019 bond on Wednesday as
dealers said it was ramping up its borrowing pace.
Story: [] Related News []
2011 BUDGET NEEDS BIGGER CUTS: The Czechs must find 60
billion crown ($2.88 billion) worth of cuts in the 2011 budget
to meet a 4.8 percent per GDP deficit target set in the
country's convergence programme, Finance Minister Eduard Janota
was quoted as saying on Wednesday.
Story: [] Related News []
CEE FX REBOUND: The Polish zloty and Hungarian forint led a
rebound in central European currencies on Wednesday, while
Romanian shares jumped more than 9 percent to recover most of
the previous session's heavy losses.
Story: [] Related News []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> 1135 1135 3,46 1,58
vs Euro <EURCZK=> 25,507 25,535 0,11 3,08
vs Dollar <CZK=> 20,758 20,901 0,68 -12,96
U.S. Equities <> 9974,45 10043,75 -0,69 -4,35
Pvs close or current levels vs prior domestic close at 1500 GMT
==========================PRESS DIGEST==========================
SOCDEM TO RAISE TAXES FOR HIGH EANERS: The main leftist
party the Social Democrats chief repeated the party plans to
reinstate progressive taxation and introduce a 38 percent tax
rate for those who earn more than 100,000 crowns ($4,801) a
months. It also plans to raise the ceiling for health and social
insurance tax for these earners to 7-8 times average wage from 6
times now.
Hospodarske Noviny, page 4
PRAGUE AIRPORT LEASE: The Social Democrats said for the
first time that they would consider a long-term lease of the
Prague Airport. The main rightist party the Civic Democrats also
say they see a lease as an option.
Hospodarske Noviny, page 1
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
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:
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E-mail: prague.newsroom@reuters.com
