Czech Republic - Factors To Watch on Sept 1

                                
 PRAGUE, Sept 1 (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 + 2 hours)
======================== ECONOMIC DATA ========================
                                
 Purchasing Managers' Index (PMI) for August due out 
                                
 at 0730 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 Czech currency.............................[CZK/]
============================= EVENTS==========================
                                
  PRAGUE - End-August budget balance data and a detailed
calendar for the issuance of domestic state bonds in the fourth
quarter of 2008.
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 PRAGUE - Conference call with used car dealer AAA Auto
<AAAAsp.PR> CEO Anthony James Denny and CFO David Thorley at
0800 GMT.
                                
 Related news: [RTRS-LEN-CZ-RES]
                                
 
====================== TOP NEWS ===============================
                                
 CZECH PM OPPOSES SEPARATE ENERGY DEALS WITH RUSSIA: European
Union members should stop making individual energy deals with
Moscow, which has shown it is determined to keep its energy
monopoly, the Czech prime minister said on Sunday.
                                
 Story: [ID:nLV224644] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 ORCO SHOWS DROP IN NAV, H1 NET LOSS: Czech real estate
developer Orco Property Group <ORCO.PA> <ORCOsp.PR> said on
Thursday its first-half net asset value (NAV) fell to 83.9 euros
per share from 91.7 euros at the end of 2007.
                                
 Story: [ID:nLS156854] Related news: [RTRS-LEN-CZ-REA]
                                
 
                                
 UNIPETROL RAISES PARAMO STAKE: Czech oil processor Unipetrol
<UNPEsp.PR> will raise its stake in refining unit Paramo to 93
percent after agreeing to purchase a 3.73 percent stake from its
Polish parent company PKN Orlen <PKNA.WA>, Unipetrol said on
Friday.
                                
 Story: [ID:nLT450740] Related news: [RTRS-LEN-CZ-OIL]
                                
 
                                
 PHILIP MORRIS H1 DROPS: Czech cigarette maker Philip Morris
CR <TABKsp.PR> said on Friday consolidated net profit dropped 29
percent in the first half after absorbing a large part of a tax
increase on cigarettes, but beat expectations.
                                
 Story: [ID:nPRG000977] Related news: [RTRS-LEN-CZ-RES]
                                
 
                                
 HOUSEHOLD GAS PRICES TO RISE: Natural gas prices for Czech
households will rise 10.4 percent from October, dominant
supplier RWE Transgas <RWEG.DE> said on Friday, adding a touch
to already elevated price growth.
                                
 Story: [ID:nLT479263] Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
 MONEY SUPPLY UP:  Czech money supply, as measured by the M2
indicator, grew by 8.4 percent year-on-year at the end of July,
after a 6.7 percent rise the previous month, central bank data
showed on Friday.
                                
 Story: [ID:nLT635052] Related news: [RTRS-LEN-CZ-ECI]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,478.2  1,456.2   +1.51        -18.56
 vs Euro     <EURCZK=>  24.825   24.780   -0.18         +6.30
 vs Dollar      <CZK=>  16.940   16.865   -0.44         +6.80
 U.S. Equities  <.DJI>  11,544   11,715   -1.47        -12.98
 Pvs close or current levels vs prior domestic close at 1500
 
====================== PRESS DIGEST===========================
                                
 HAVEL URGES EU TO NAME RUSSIA AGRESSOR - Czech ex-president
Vaclav Havel urged European Union leaders on Sunday to name
Russia as the aggressor in the conflict over Georgia's breakaway
regions, a day before they meet to decide on how to treat the
Kremlin intervention.
                                
 Mlada fronta Dnes, page 1
                                
 
                                
 BAKALA BUYS PUBLISHING HOUSE: Zdenek Bakala, co-owner of
coal miner NWR <NWRS.L> <NWRSsp.PR>, bought a majority stake in
Economia publishing house, a major publisher of business press
in the Czech Republic, for an estimated 70-90 million euros.
                                
 Mlada fronta Dnes, page B2

                                
 CONFLICT IN GEORGIA: Czech diplomats will propose at
Monday's EU summit to boycott the 2014 Olympics in Russia's
Sochi as a reaction to the Georgian conflict.
                                
 Hospodarske Noviny, page 1

                                
 AAA AUTO AIMS TO BECOME PROFITABLE: Loss-making used car
dealership AAA Auto <AAAAsp.PR> should return to profit in 2009,
the company's CEO Antony Denny said.
                                
 Hospodarske Noviny, page 19
                                
 
                                
 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: Mike Winfrey on +420 224 190 479;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)