PRAGUE, March 1 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday.
ALL TIMES GMT (Czech Republic: GMT + 1 hours)
=========================ECONOMIC DATA=========================
Purchasing Managers' Index (PMI) for February due out at
0830 GMT.
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 - The Czech central bank (CNB) to release update to
the banking sector stress tests at 0900 GMT.
Related news: []
PRAGUE - Finance Ministry to publish detailed calendar for
the issuance of domestic state bonds in the second quarter 0900
GMT.
Related news: []
PRAGUE - End-February budget balance data at 1300 GMT.
Related news: []
PRAGUE - Betting company Fortuna <FOREsp.PR> to release 2010
results before market open hours. News conference at 0900 GMT.
Related news: []
============================TOP NEWS===========================
MILD PENSION REFORM DUE TO POLITICAL RISK: The Czech pension
reform proposal is softer than original plans in order to
prevent it from being destroyed by political opponents when they
get to power, according to the country's labour minister.
Story: [] Related news: []
Take a Look: []
Factbox: []
PENSION REFORM MAY ATTRACT FEW: A proposal to partially
privatise the Czech pension system risks attracting too few
people who will save too little money to meet the government's
goal of eliminating long term deficits and diversify retirement
income.
Story: [] Related news: []
CBANK GOV: RATES OK FOR NOW: Very low Czech interest rates
are not sustainable in the long term but they are fine for now
and price pressures in the central European economy remain weak,
central bank Governor Miroslav Singer said on Monday.
Story: [] Related news: []
CEZ SEES SHARP DROP IN 2011 PROFIT: Czech power group CEZ
<> forecast a 15 percent drop in 2011 net profit
because of low prices, new taxes and a firming currency,
surprising the market and sending its shares down 2 percent.
Story: [] Related news: []
CEE MARKETS: Hungarian government bonds and the forint
firmed on Monday, leading asset price rises in the European
Union's east wing ahead of the announcement of Hungarian reforms
expected for Tuesday.
Story: [] Related news: []
CEE POWER: Czech day ahead power rose slightly on Monday,
supported by forecasts for low wind generation capacity in the
region over the coming days that offset a rise in temperatures,
traders said.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2011
vs Euro <EURCZK=> 24.351 24.34 -0.05 2.6
vs Dollar <CZK=> 17.617 17.59 -0.15 5.63
Czech Equities <> 1,244.1 1,244.1 0.23 1.58
U.S. Equities <> 12,226.34 12,130.45 0.79 5.6
Pvs close or current levels vs prior domestic close at 1500 GMT
==========================PRESS DIGEST=========================
CEZ DIVIDEND: Finance Minister Miroslav Kalousek said he
could accept a moderate decline in dividend from power group CEZ
<> in which the government owns a 70 percent stake. The
group gave a disappointing earnings outlook on Monday,
projecting a 15 percent decline in net profit. CEZ usually pays
out 50-60 percent of its net profit on dividends.
Hospodarske Noviny, page 15
COAL MINING LIMITS: Industry Minister Martin Kocourek
proposes to replace the ecological coal mining limits as of 2014
with agreements between coal miners and those affected by coal
mining. This framework would mean the government would take no
role in the deal, and the limits would be effectively cancelled.
E15, page 11
SAZKA BIDDERS: CSTV, the largest shareholder in indebted
betting company Sazka which made a delayed payment on its 215
million-euro amortising bond <CZ025854705=>, said it would hold
a tender to choose the best offer by an investor. Three
investors are bidding to take a stake in the firm.
Hospodarske Noviny, page 15
PESSIMISTIC CZECHS: Only 17 percent of Czechs believe the
country's economic situation could improve, according to a
European Union research.
Mlada Fronta Dnes, page C1
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
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