Czech Republic - Factors To Watch on June 29

                                
 PRAGUE, June 29 (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 + 2 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 CEE currencies............................[CEE/]
                                
 
 ==========================EVENTS============================
                                
 PRAGUE - Q1 foreign debt data at 0800 GMT.
                                
 Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 PRAGUE - Power firm CEZ <CEZPsp.PR> to hold an annual
shareholders' meeting.
                                
 Related news: [RTRS-LEN-CZ-ENR]
 
 ==========================TOP NEWS============================
                                
 PRESIDENT TO COMPLETE CBANK BOARD: Czech President Vaclav
Klaus will name economist Kamil Janacek to the central bank
board while appointing board member Vladimir Tomsik as the new
vice governor on Tuesday, the presidential office said on
Monday.
                                
 Story: [ID:nLDE65R268] Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 NEW PRIME MINISTER: Czech President Vaclav Klaus appointed
centre-right Civic Democrat leader Petr Necas prime minister on
Monday to lead a government likely to focus on cost cutting and
reform of the pension and health systems.
                                
 Story: [ID:nLDE65R0AX] Related news: [RTRS-LEN-CZ-POL]
  * FACTBOX: [ID:nLDE65Q0B0]
  * Q&A:     [ID:nLDE65R0SU]
                                
 
                                
 CEE MARKETS: Romania's leu hit a new record low against the
euro on Monday after investors perceived the government's plans
to hike value added tax as a short-term solution for the
country's budget crisis.
                                
 Story: [ID:nLDE65R0HT] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEE POWER: Czech spot and power futures rose on Monday,
driven by warmer weather in the region that could spur air
conditioning demand and higher gas prices, traders said.
                                
 Story: [ID:nLDE65R1ER] Related news: [RTRS-LEN-CZ-ENR]
                                
 
                                
 TEMELIN RESTART: Czech utility CEZ <CEZPsp.PR> has restarted
the Temelin nuclear power plant's unit 2 reactor and plans to
reconnect the block to the grid at the end of the week, it said
on Monday.
                                
 Story: [ID:nPRG004235] Related news: [RTRS-LEN-CZ-ELG]
==========================PRESS DIGEST==========================
                                
 BUDGET CUTS: Parties building a coalition government agreed
on Monday that the 2011 public sector deficit should be kept
below 4.8 percent of GDP. Most regular spending including state
clerks wages should be cut across the board by 10 percent,
meaning savings of 31 billion crowns. Further savings include 7
billion in cutting by half the construction savings state
subsidy. Parties also agreed to drop the plan to cut by 1
percent health insurance payment by companies, and not to lower
the ceiling for health and social tax, presently at 6 times the
average wage.
                                
 Hospdodarske Noviny, page 1
                                
 
                                
 CSOB: There is speculation that the initial public offering
(IPO) of the largest Czech bank CSOB, majority owned by
Belgium's KBC <KBC.BR>, will not happen.
                                
 Hospodarske Noviny, page 20
                                
 
                                
 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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