Czech Republic - Factors To Watch on April 22

                                
 PRAGUE, April 22 (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 + 1 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 - The lower house of parliament to hold a session.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
========================= TOP NEWS =============================
                                
 FISCAL DEFICIT: The Czech fiscal deficit will dip to around
1.5 percent of gross domestic product this year, Finance
Minister Miroslav Kalousek said on Monday, much lower than the
originally planned 2.95 percent.
                                
 Story: [ID:nL21178830] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 FDI INCENTIVES: The Czech government approved on Monday a
plan to cancel a law offering incentives to investors in
manufacturing, saying the support distorted the market and made
no sense with unemployment at record lows.
                                
 Story: [ID:nL21426036] Related news: [RTRS-LEN-CZ-POL]
                                
 
================= ELSEWHERE IN THE NEWS ========================
                                
 TELEFONICA PROFIT RISES: Net profit at Telefonica O2 Czech
Republic <SPTTsp.PR> rose 5.4 percent year-on-year in the first
quarter to 2.4 billion crowns ($151.1 million), the company said
on Monday, lagging expectations.
                                
 Story: [ID:nL21782388] Related news: [RTRS-LEN-CZ-TEL]
                                
 
                                
 TELEFONICA DIVIDEND: Shareholders of Telecoms firm
Telefonica O2 Czech Republic <SPTTsp.PR> <SPTTsp.PR> approved a
50 crown ($3.15) pre-tax dividend per share at Monday's annual
meeting, news agency CTK reported.
                                
 Story: [ID:nL21748054] Related news: [RTRS-LEN-CZ-TEL]
                                
 
                                
 SKODA SALES UP: Unit sales at Czech Volkswagen AG <VOWG.DE>
unit Skoda Auto jumped by 15.7 percent in the first quarter to
173,474 cars, the company said on Monday.
                                
 Story: [ID:nL21473584] Related news: [RTRS-LEN-CZ-AUT]
 
                                
 PHILIP MORRIS TARGET: Patria/KBC cut its fair value target
on Czech cigarette maker Philip Morris CR <TABKsp.PR> by 12.2
percent to 7,940 crowns, the company said on Monday.
                                
 Story: [ID:nL21625726] Related news: [RTRS-LEN-CZ-BEV]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,562.8  1,561.1   +0.11        -13.90
 vs Euro     <EURCZK=>  25.088   25.100   +0.08         +5.66
 vs Dollar      <CZK=>  15.811   15.838   -0.10        +14.61
 U.S. Equities  <.DJI>  12,825   12,849   -0.19         -3.32
 Pvs close or current levels vs prior domestic close at 1500
                                
 
================== PRESS DIGEST ================================
 CEZ SHARE SWAP: The Prague city council is expected to
discuss on Tuesday a planned share swap worth over 2.5 billion
crowns ($157.4 million) in which the state would acquire a 0.38
percent stake in power firm CEZ <CEZPsp.PR> in exchange for its
15 percent stake in local utility Prazska Energetika (PRE).
                                
 Hospodarske Noviny, page 15
                                
 
                                
 EADS TALKS: The government approved on Monday a plan to open
talks with European aerospace group EADS <EAD.PA> about swapping
five Czech-made subsonics L-159 for a new military airlifter
CASA C-295.
                                
 The talks will also include purchase of another three CASA
transport planes from EADS in a deal worth estimated 2 billion
crowns ($125.9 million).
                                
 Pravo, page 2
                                
 
                                
 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 +420 224 190 477;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Reporting by Martin Dokoupil)