Czech Republic - Factors To Watch on May 7

                                
 PRAGUE, May 7 (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 hour)

======================== ECONOMIC DATA ========================
                                
 March foreign trade data at 0700 GMT.
                                
 April foreign exchange reserves data at 0800 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 CEE currencies.............................[CEE/]
============================EVENTS==============================
                                
 PRAGUE - Komercni Banka <BKOMsp.PR> to release first quarter
results at 0630 GMT. A news conference at 1100 GMT, conference
call at 1400 GMT.
                                
 Related news: [RTRS-LEN-CZ-BNK]
                                
 
                                
 PRAGUE - Czech central bank governing board to meet on
interest rates. An announcement is expected sometime after 1000
GMT with a news conference to follow at around 1330 GMT.
                                
 Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 PRAGUE - The President of Republic of Armenia Serzh Sargsyan
and the President of Republic of Azerbaijan Ilham Aliyev to
meet. Armenian and Azerbaijani Foreign Ministers' press
statements at 1130 GMT.
                                
 Related news: [RTRS-LEN-CZ-DIP]
                                
 
                                
 PRAGUE - European Union's Employment Summit - social Troika,
the Czech Presidency, Sweden and Spain and social partners and
representatives of the business sector. News conference at 1045
GMT.
                                
 Related news: [RTRS-LEN-CZ-DIP]
                                
 
                                
 PRAGUE - European Union's Eastern Partnership Summit at the
level of Heads of State or Government and representatives of the
Eastern Partnership countries. News cxonference at 1745 GMT.
                                
 Related news: [RTRS-LEN-CZ-DIP]
                                
 
========================TOP NEWS===============================
                                
 LISBON APPROVED: The Czech upper house approved the European
Union's Lisbon reform treaty on Wednesday, putting the onus for
its adoption squarely onto the Irish voters who will hold a
referendum later this year.
                                
 Story: [ID:nL6573057] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 CEE FX DOWN: Central Europe's currencies mostly fell back on
Wednesday after a rally ran up against a wall this week, but the
Romanian leu held steady after a surprise half percentage point
interest rate cut.
                                
 Story: [ID:nL6937569] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 BONDS SOLID: Czech bonds drew solid demand on Wednesday at
the Finance Ministry's first domestic auction since selling a
euro-denominated bond on international markets last week.
                                
 Story: [ID:nL6641296] Related news: [RTRS-LEN-CZ-DBT]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities  <.PX>   951.8    951.8   +0.00          n/a 
 vs Euro     <EURCZK=>  26.710   26.710   +0.00         +0.30
 vs Dollar      <CZK=>  20.061   20.058   +0.03         -4.70
 U.S. Equities  <.DJI>   8,512    8,411   +1.21         -3.01
 Pvs close or current levels vs prior domestic close at 1600 GMT

==========================PRESS DIGEST=========================
                                
 BOND BILL: A bill is in its second reading in the lower
house that would increase the amount the Czech Republic can
issue in bonds to the amount of up to 15 percent of expenditure,
incoming Finane Minister Eduard Janota said.
                                
 Hospodarske Noviny, page 10
                                
 
                                
 CSA LOSS: Soon-to-be privatised Czech Airlines (CSA) showed
a loss of more than 1 billion crowns in the first quarter,
according to Czech Television, and received a state loan of 2.5
billion crowns.
                                
 Hospodarske Noviny, page 17
                                
 
                                
 
                                
 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 +420 224 190 474;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
  (Compiled by Jason Hovet)