Czech Republic - Factors To Watch on Sept 22

                                
 PRAGUE, Sept 22 (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=========================
                                
 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 - The Czech cabinet to hold a session (0700 GMT)
(www.vlada.cz/en/default.htm), state budget draft for 2011 on
agenda. News conference to follow.
                                
 Related news: [RTRS-LEN-CZ-GVD]
===========================TOP NEWS============================
                                
 UNIPETROL TO SHUT STEAM CRACKER EARLIER THAN PLANNED: Czech
downstream oil group Unipetrol <UNPEsp.PR> said on Tuesday it
would move forward to the end of September a planned two-week
shutdown of its Litvinov steam cracker.
                                
 Story: [ID:nPRG004383] Related news: [RTRS-LEN-CZ-ENR]
                                
 
                                
 CENTRAL BANKERS' REMARKS: The Czech central bank looks
certain to leave its key rate on hold at a record low 0.75
percent this week as inflationary pressures remain extremely
weak despite better-than-expected growth.
                                
 Story: [ID:nLDE68K0PH] Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 WORKERS PROTEST WAGE CUTS: Tens of thousands of nurses,
police officers and clerks marched through Prague on Tuesday to
protest against a plan to cut public sector wages, but the Czech
government was determined to push on with cutting the deficit.
                                
 Story: [ID:nLDE68K1B3] Related news: [RTRS-LEN-CZ-JOB]
                                
 
                                
 CEZ TO QUIT ROMANIAN NUKE PROJECT: Czech power firm CEZ
<CEZPsp.PR> will quit a joint venture to build two units at
Romania's sole nuclear power plant by December and seek other
low-risk projects in the region, a company official was quoted
as saying on Tuesday.
                                
 Story: [ID:nLDE68L06W] Related news: [RTRS-LEN-CZ-NUC]

                                
 CEE MARKETS: Demand for Hungarian treasury bills and news
of a General Motors investment lifted the forint to a four-week
high on Tuesday as it outpaced its emerging European peers.
                                
 Story: [ID:nLDE68K0EI] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEE POWER: Czech spot power firmed on Tuesday, helped by forecasts for lower wind output and cooler weather in the region,
traders said.
                                
 Story: [ID:nLDE68K1PT] 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=>     24,604     24,649    0,18       6,51
 vs Dollar     <CZK=>     18,806     18,838    0,17      -2,33
 Czech Equities <.PX>  1,133,4    1,133,4       0,58       1,44
 U.S. Equities <.DJI> 10,753,62  10,607,85     1,37      3,12
 Pvs close or current levels vs prior domestic close at 1500 GMT

=========================PRESS DIGEST==========================
                                
 PROTESTS BRING RESULTS: The government will probably not
agree on Wednesday to reduce the fixed part of public sector
workers' pay, called tariffs, as planned in its savings package,
the paper said citing Chairman of Czech-Moravian Confederation
of Trade Unions Jaroslav Zavadil and Prime Minister Petr Necas.
                                
 Tens of thousands of state employees staged protests on
Tuesday against government plans to cut their wages and jobs.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 POWER PRICES: Residential electricity power prices could
rise by 18 percent next year provided that installed solar power
capacity rises to 2,000 MW by the end of the year, CEZ
<CEZPsp.PR> Chief Operating Officer told the daily.
                                
 Hospodarske Noviny, page 17
                                
 
                                
 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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 E-mail: prague.newsroom@reuters.com