PRAGUE, Nov 12 (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 + 1 hours)
======================== ECONOMIC DATA ========================
September current account balance data at 0900 GMT.
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on Czech currency.............................[]
=========================== EVENTS =============================
PRAGUE - The Czech cabinet to hold a regular session, to
discuss convergence programme, fiscal outlook. News conference
to follow.
Related news: []
PRAGUE - State-owned Czech Airlines (CSA) to hold a news
conference on nine-month results with Chairman Radomir Lasak and
member of the board for economy Lubos Cerny at 1200 GMT.
Related news: []
PRAGUE - Czech Prime Minister Mirek Topolanek to meet his
Dutch counterpart Jan Peter Balkenende. News conference at 1050
GMT.
Related news: []
========================== TOP NEWS ============================
FX HOLDS GROUND: Romania's leu fell to a month low against
the euro on Tuesday after inflation surprised on the upside,
showing some of the country's vulnerabilities as recession fears
hit global markets.
Story: [] Related news: []
ELBARADEI WELCOMES OBAMA STANCE: The chief of the United
Nations nuclear watchdog Mohamed ElBaradei said on Tuesday he
welcomed comments by the United States' President-elect Barack
Obama that a dialogue with Iran on its nuclear programme should
be launched without any preconditions.
Story: [] Related news: []
CEZ Q3 NET SEEN UP: Czech power group CEZ <> is
expected to post a 30.6 percent increase in the third-quarter
net profit on rising electricity prices that compensated for a
shutdown at a nuclear plant, a Reuters poll showed.
Story: [] Related news: []
INFLATION SLOWS: Inflation slowed faster than expected in
both Hungary and the Czech Republic in October, signalling price
pressures are moderating across the region as economies take a
hit from the global crisis.
Story: [] Related news: []
PARLIAMENT APPROVES DEPOSIT INSURANCE: The Czech lower house
of parliament approved a bill raising bank deposit insurance to
50,000 euros from 25,000 on Tuesday, moving in line with
European Union safeguards to boost banking sector confidence.
Story: [] Related news: []
INDUSTRIAL OUTPUT UP: Czech industrial output rose by 9.6
percent year-on-year in September, better than forecasts for 6.1
percent growth.
Story: [] Related news: []
UNIPETROL EBIT SEEN DOWN: Czech downstream oil group
Unipetrol <> is expected to post a 20 percent drop in
operating profit due to low margins in the third quarter, a
Reuters poll showed.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2008
Czech Equities <> 0,000.0 0,866.5 +0.00 -100.00
vs Euro <EURCZK=> 25.435 25.420 -0.06 +4.19
vs Dollar <CZK=> 20.151 20.096 -0.00 -9.59
U.S. Equities <> 08,694 08,871 -1.99 -34.46
Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST ===========================
ENERGY: Countries of the European Union should interconnect
their energy networks to be able to negotiate with suppliers in
the same tough way as they negotiate with the EU, said Vaclav
Bartuska, an ambassador at large in charge of energy security.
Hospodarske Noviny, page 11
LOANS: Bank loans will be more expensive than they used to be
despite a recent cut in borrowing costs by the Czech central
bank, and banks will be stricter when providing them,
Raiffeisenbank chief Lubor Zalman said.
Hospodadrske Noviny, page 15
ENERGY PRICES: Prime Minister Mirek Topolanek said he was
irritated by a hike in advance payments for gas charged by
suppliers such as RWE Transgas <RWEG.DE> as it was obvious that
gas prices for households should fall on the back of declining
prices on global markets.
Hospodarske Noviny, page 17
CLIMATE PACKAGE: Supporting the EU climate package would
mean an economic suicie for many companies in the region, CEZ
<> chief Martin Roman said.
Lidove Noviny, page 15
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:
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 Jana Mlcochova)
