Czech Republic - Factors To Watch on June 30

                                
 PRAGUE, June 30 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday.
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

=========================ECONOMIC DATA=========================
                                
 May money supply data at 0800 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 CEE currencies............................[CEE/]
                                
 
 ==========================OVERNIGHT NEWS======================
                                
 CABINET POSTS AGREED: Czech parties negotiating the
formation of a centre-right government agreed on the division of
key cabinet posts on Wednesday, including the appointment of
austerity advocate Miroslav Kalousek as finance minister.
                                
 Story: [ID:nLDE65S2CD] Related news: [RTRS-LEN-CZ-POL]
  * FACTBOX on proposed finance minister: [ID:nLDE65S2CE]
                                
 
 ==========================TOP NEWS============================
                                
 NEW C.BANKER SAYS POLICY WELL SET: The Czech central bank's
monetary policy is well set and rates at the current level are
not hurting the economy, newly appointed board member Kamil
Janacek said on Tuesday.
                                
 Story: [ID:nLDE65S14Q] Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 CEE MARKETS: Investor concerns over the speed of recovery in
emerging Europe helped knock the Romanian leu to a record low
against the euro and the Hungarian forint to an all-time low
against the Swiss franc on Tuesday. 
                                
 Story: [ID:nLDE65S05Y] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CSOB IPO: Belgian financial group KBC <KBC.BR> said it still
intended to float a minority stake in its Czech unit CSOB,
dismissing a Czech newspaper report that it might be scrapped.
                                
 Story: [ID:nLDE65S0UC] Related news: [RTRS-LEN-CZ-IPO]
                                
 
                                
 BUDGET CUTS: Czech parties building a new cabinet have
agreed on 56 billion crowns ($2.68 billion) in savings for 2011,
moving close to their target of cutting the budget gap below 4.8
percent of gross domestic product, party officials said on
Tuesday.
                                
 Story: [ID:nLDE65S07A] Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 CEZ APPROVES DIVIDEND: Czech power group CEZ <CEZPsp.PR>
shareholders approved a 53 crown per share dividend out of 2009
profits, higher than the previous 50 crown per share payout, at
a general meeting on Tueday.
                                
 Story: [ID:nPRG004238] Related news: [RTRS-LEN-CZ-DIV]
                                
 
                                
 CEZ PRE-SELLS 2011, 2012 CAPACITY: CEZ <CEZPsp.PR> has
pre-sold nearly 90 percent of its 2011 baseload generation
capacity for an average 52.2 euros per megawatt hour and about a
third for 2012, the Czech utility's Chief Financial Officer
Martin Novak said on Tuesday.
                                
 Story: [ID:nLDE65S1BW] Related news: [RTRS-LEN-CZ-ENR]
                                
 
                                
 CEZ WINS CZECH RAILWAYS TENDER: The state-run Czech railways
has picked power group CEZ <CEZPsp.PR> for its electricity
supplies over the next year and half, a railways spokesman said
on Monday. 
                                
 Story: [ID:nLDE65S1H8] Related news: [RTRS-LEN-CZ-ELE]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2010
 Czech Equities <.PX>    --      1113.7    -1.81       -0.32
 vs Euro    <EURCZK=>  25.715    25.737     0.09        2.29
 vs Dollar     <CZK=>  21.072    21.138     0.31      -14.67
 U.S. Equities <.DJI>  9870.3   10138.52   -2.65       -5.35
 Pvs close or current levels vs prior domestic close at 1500 GMT

==========================PRESS DIGEST==========================
                                
 BUDGET TALKS CLOSER: The incoming government coalition is
close to agreeing a 2011 state budget deficit of 136 billion
crowns ($6.44 billion), or 3.6 percent of GDP, down from 163
billion in 2009. The paper said this would mean a public sector
deficit of 4 percent of GDP, a level party officials have
earlier flagged.
                                
 Reaching this target involves cutting spending by around 55
billion crowns and raising revenue by 20 billion, including by
raising the low end of VAT.
                                
 Lidove Noviny, page 1
                                
 
                                
 PAROUBEK FOR BUDGET GROUP: The opposition Social Democrats
nominated their former chairman Jiri Paroubek, who resigned
following a poor showing in a May election, to a position on the
lower house's budget committee.
                                
 Mlada Fronta Dnes, page A2
                                
 
                                
 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: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com