Czech Republic - Factors To Watch on Dec 3

                                
 PRAGUE, Dec 3 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Friday.
                                
 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 CEE currencies............................[CEE/]
                                
 
============================TOP NEWS==========================
                                
 FINMIN SEES LESS DEBT, SHORTER MATURITIES: The Czech
Republic's gross borrowing need will drop by 32 billion crowns
($1.69 billion) to 220 billion next year and will keep falling
in the following years as the country narrows its budget
deficit, the finance ministry said on Thursday.
                                
 Story: [ID:nLDE6B10QJ] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 DEBT ISSUANCE IN Q1 2011: The Czech Finance Ministry
released plans on Thursday to auction 40 billion crowns ($2.10
billion) worth of domestic government bonds in six primary
auctions in the first quarter of 2011.
                                
 Story: [ID:nPRA005352] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 EURO BOND: The Czech Republic plans a benchmark-size
eurobond next year, the Finance Ministry said on Thursday. 
                                
Story: [ID:nPRA005354] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 BUDGET GAP SEEN SMALLER THIS YEAR: The Czech Republic's 2010
central state budget deficit will be 155.6 billion crowns, the
financce ministry said on Thursday, below the 162.9 billion
crown target stated in the budget law. 
                                
 Story: [ID:nPRA005353] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 CEZ TO TAP 10-YR BOND: Czech power group CEZ <CEZPsp.PR>
will tap its 4.5 percent bond due June 2020 at 145-160 basis
points above mid-swaps, Thomson Reuters market service IFR
reported on Wednesday.
                                
 Story: [ID:nLDE6B013Q] Related news: [RTRS-LEN-CZ-ISU]
                                
 
                                
 CEE MARKETS: Some Emerging European currencies trimmed
gains as investors digested comments from the head of the
European Central Bank on Thursday, while Hungary's forint
firmed on talk of further monetary tightening.
                                
 Story: [ID:nLDE6B10LA] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEE POWER: Czech day ahead power prices hit their highest
level in nearly two years on Thursday, boosted by bitter cold
temperatures, low wind supply and an unplanned power plant
outage, traders said.
                                
 Story: [ID:nLDE6B11ME] Related news: [RTRS-LEN-CZ-DRV]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                
                                 close    on day     in 2010
 vs Euro    <EURCZK=>     24,94     25,007    0,27       5,24
 vs Dollar     <CZK=>     18,852     18,965    0,6      -2,58
 Czech Equities <.PX>  1,165,7    1,165,7       1,5       4,33
 U.S. Equities <.DJI> 11,362,41  11,255,78     0,95      8,96
 Pvs close or current levels vs prior domestic close at 1500 GMT

 =========================PRESS DIGEST==========================
                                
 SOLAR POWER: President Vaclav Klaus came up with his own
idea how to curb the subsidised solar power boom that he says
will limit the threat of arbitration proceedings against the
country. He said he wanted to limit additional taxation of solar
producers' revenues to one year and not three as proposed by the
cabinet. He also proposed not to tax CO2 permits next year for
producers of electricity from fossil fuels. He says this will
give the Czech Republic an extra manoeuvre time and limit risks
of legal complaints.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 SKODA TRADE UNIONS: Trade unions at Volkswagen's <VOWG.DE>
Czech unit Skoda Auto said they would support the new CEO
Winfried Vahland's plan to double production over the next
decade only if wages rise to the level of Volkwagen's
VW-AutoEuropa plant in Portugal. This would mean a 40 percent
rise in wages from the current levels.
                                
 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>

                                
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