Czech Republic - Factors To Watch on Nov 13

                                
 PRAGUE, Nov 13 (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 + 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 - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
                                
  Related news: [RTRS-LEN-CZ-CEN]

                                
 PRAGUE - Power firm CEZ <CEZPsp.PR> to release nine-month
results. News conference with CEO Martin Roman and CFO Martin
Novak at 1300 GMT.
                                
  Related news: [RTRS-LEN-CZ-RES]

                                
 PRAGUE - Chemicals group Unipetrol <UNPEsp.PR>, a unit of
Poland's PKN Orlen <PKNA.WA>, to hold a news comnference on nine
months results, with CEO Francois Vleugels and CFO Wojciech
Ostrowski at 1030 GMT. Conference call at 1400 GMT.
                                
  Related news: [RTRS-LEN-CZ-RES]

                                
 PRAGUE - 13-week T-bill auction.
                                
 Related news: [RTRS-LEN-CZ-DBT]

                                
PRAGUE - Conference "Energy Efficienty Business Week 2008" to
continue.
                                
 Related news: [RTRS-LEN-CZ-ENR]
========================== TOP NEWS ============================
                                
 UNIPETROL EBIT BELOW FCAST: Czech downstream oil group
Unipetrol <UNPEsp.PR> said on Thursday its operating profit
(EBIT) fell 24 percent in the third quarter from a year earlier
to 772 million crowns ($38.45 million).
                                
 Story: [ID:nnLC15] Related news: [RTRS-LEN-CZ-RES]
                                
 
                                
 EXTERNAL EXPOSURE FOR EMERGING EUROPE: Hungary has drawn
upon the first tranche of a $25.1 billion IMF/European
Union/World Bank financial rescue package, its Finance Ministry
said.
                                
 Story: [ID:nnLC329294] Related news: [RTRS-LEN-CZ-CEEU]
                                
 
                                
 CSA CONFIRMS GOALS: Czech Airlines (CSA), slated for
privatisation next year, has not seen the drop in demand that
has hurt some of its peers and is on track to meet its full-year
break-even target, Chief Executive Radomir Lasak said.
                                
 Story: [ID:nnLC158693] Related news: [RTRS-LEN-CZ-AIR]
                                
 
                                
 C/A GAP SWELLS: The Czech current showed its worst September
number in five years due to dividend outflows and analysts said
the trennd would continue to weigh as companies scramble to
raise cash in the credit crunch.
                                
 Story: [ID:nLC642589] Related news: [RTRS-LEN-CZ-ECI]
                                
 
========================IN OTHER NEWS========================
                                
 PEGAS OWNERSHIP: Polish fund Opera Towarzystvo Funduszy
reduced its stake in textiles maker Pegas Nonwovens <PGSNsp.PR>
to 4.95 percent from 5.27 percent.
                                
 Related news: [RTRS-LEN-CZ-TEX]
                                
 
                                
 ECM: Developer ECM Real Estate Investment <ECMPsp.PR> said
it sold a 15 percent stake in its Russian unit Ryazan Investor
Company Limited to PSJ New N.V. for 5.18 million euros. ECM
chief executive is PSJ's co-owner.
                                
 Related news: [RTRS-LEN-CZ-REA]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
  vs Euro     <EURCZK=>  25.470   25.455   -0.06         +4.04
 vs Dollar      <CZK=>  20.376   20.304   -0.24        -10.73
 U.S. Equities  <.DJI>  08,283   08,694   -4.73        -37.56
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST ===========================
                                
 CREDIT CRUNCH: Banks are curbing cashflow financing and make
companies use factoring instead due to rising interbank rates
which make corporate loans loss making.
                                
 E15, page 1
                                
 
                                
 CORPORATE LOANS: Corporate default rate rose to 6.4 percent
in September from 5.1 percent in July, the Czech central bank
data showed, illustrating growing problems of companies to pay
back debt. The bank expects the rate to rise further until the
end of the year.
                                
 Mlada Fronta Dnes, page B2
 
                                
 PENSION FUNDS: Czech pension funds earned 2.16 billion
crowns ($107.6 million) in the first nine months, down from 3.45
billion in the same period last year.
                                
 E 15, page 8
                                
 
                                
 POWER PRICES: Power group CEZ <CEZPsp.PR> is looking for
ways to relieve its customers amid the economic crisis, even at
the cost of lowering margins, CEZ chief Martin Roman said.
                                
 Mlada fronta Dnes, page 1
                                
 
                                
 Reuters has not verified the media reports, nor does it
vouch for their accuracy.
                                
 
                                
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 (Compiled by Jana Mlcochova)