Czech Republic - Factors To Watch on Aug 13

                                
 PRAGUE, Aug 13 (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 + 2 hours)

=========================ECONOMIC DATA=========================
                                
 Q2 gross domestic product estimate data at 0700 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/]
                                
 
===========================EVENTS==============================
                                
 PRAGUE - Minutes from the August 5 governing board meeting
at 0700 GMT.
                                
 Related news: [RTRS-LEN-CZ-INT]
                                
 
=========================TOP NEWS===============================
                                
 CEZ SUP BOARD: Czech power group CEZ <CEZPsp.PR> supervisory
board co-opted on Thursday two former ministers into the board,
the utility said.
                                
 Story: [ID:nLDE67B17H]  Related news: [RTRS-LEN-CZ-MNGISS]
                                
 
                                
 CZECH C.BANK ON BUDGET CUTS: The Czech government fiscal
tightening plans are likely to cut growth by "several tenths of
a percent", Czech central bank chief statistician said on
Thursday.
                                
 Story: [ID:nLDE67B0SR]  Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 CEE MARKETS: Romania sold a fraction of 1-year paper on
offer on Thursday, holding to a self-imposed yield cap and
failing to get a boost from a rally in central European debt
markets that sent Czech yields to new lows.
                                
 Story: [ID:nLDE67B0JR] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 INSIDER - CROWN PLAY: The Czech crown is driven by strong
fundamentals but with the risk of central bank rate cuts
disappearing, a gradual appreciation is likely over the next
year, says ING Economist Agata Urbanska.
                                
 Story: [ID:nRTV133612] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEE POWER: Low wind and nuclear availability weighed on
Czech spot power prices again on Thursday as lower fuel prices
helped drive down contracts along the curve, traders said.
                                
 Story: [ID:nLDE67B1IF] 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=>     24.735     24.776    0.17       6.01
 vs Dollar     <CZK=>     19.212     19.287    0.39      -4.54
 Czech Equities <.PX>  1,167.0    1,167.0     -0.56       4.45
 U.S. Equities <.DJI> 10,319.95  10,378.83    -0.57      -1.04
 Pvs close or current levels vs prior domestic close at 1500 GMT
 
=========================PRESS DIGEST==========================
                                
 ASSETS: The Czech Capital Market Association (AKAT) said
assets under management fell by 6 billion crowns to 244 billion
crowns ($12.62 billion) in the second quarter.
                                
 Hospodarske Noviny, page 15
                                
 
                                
 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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