P PRAGUE, Dec 7 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Monday.
ALL TIMES GMT (Czech Republic: GMT + 1 hour)
=========================ECONOMIC DATA=========================
October foreign trade data at 0800 GMT
November foreign exchange reserves data at 0900
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies.............................[]
============================EVENTS==============================
PRAGUE - 8th Party of European Socialists Conference.
Related news: []
PRAGUE - The Czech cabinet to hold a session. News
conference to follow at around 1230 GMT. Allocation of free
carbon credits for companies to be discussed.
Related news: []
============================TOP NEWS============================
KOMERCNI TO EASE PROVISIONING: Komercni Banka <>
will likely unwind some bad loan provisioning next year as a
domestic economic recovery gains traction, relieving the Czech
lender's corporate client base, its chief executive said on
Friday.
Story: [] Related news: []
CEE MARKETS: The Polish zloty jumped on Friday to its
highest levels since January after strong U.S. jobs data
prompted higher risk appetite and capped a week of better
economic data for emerging Europe.
Story: [] Related news: []
WAGES: The average real Czech monthly wage rose by 4.7
percent year-on-year in the third quarter, the Czech Statistical
Bureau said on Friday.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2009
Czech Equities <> 1150,1 1150,1 1,95 34,01
vs Euro <EURCZK=> 25,632 25,6 -0,13 4,19
vs Dollar <CZK=> 17,252 17,238 -0,08 9,74
U.S. Equities <> 10388,9 10366,15 0,22 18,37
Pvs close or current levels vs prior domestic close at 1600
==========================PRESS DIGEST========================
RETAIL BONDS: The Finance Ministry plans to issue a total of
100 billion crowns ($5.84 billion) in retail bonds over the next
four years. The first tranche of a 10 year bond worth 20 billion
crowns is planned for January.
Hospodarske Noviny, page 1
TAXATION: The Czech Republic should reinstate a progressive
personal income tax, Finance Minister Eduard Janota said. A 30
percent tax on monthly wages higher than 100,000 crowns would
generate 4 billion crowns.
Hospodarske Noviny, page 21
BUDGET: The central state budget deficit will likely exceed
175 billion crowns this year, Deputy Finance Minister Bohdan
Hejduk said. The ministry earlier expected the gap at 165
billion.
CEZ: Power utility CEZ <> will likely lose its
dominant position either through competition or regulation and
in the future it may not pay the government the 18 billion in
dividends as now, Janota said. He said it was not a good idea to
raise the dividend as CEZ needs to be able to fund new projects.
E15, page 18
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)
