Czech Republic - Factors To Watch on Jan 5

                                
 PRAGUE, Jan 5 (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 + 1 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
(www.vlada.cz/en/default.htm). The government's package of
anti-corruption measures to be debated. News conference to
follow.
                                
 Related news: [RTRS-LEN-CZ-GVD]
                                
 
=============================TOP NEWS===========================
                                
 VITEK PILES UP SAZKA DEBT, THREATENS ACTION: Czech real
estate investor Radovan Vitek is in talks to buy additional 500
million crowns ($26.91 million) of outstanding debt by lottery
company Sazka, which he had threatened to send to insolvency
proceedings.
                                
 Story: [ID:nLDE7031A1] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 SPORITELNA SACKS STAFF: Erste Bank's <ERST.VI> Czech unit
Ceska Sporitelna will cut up to 550 jobs in the first quarter
under an efficiency programme, the bank said on Tuesday.
                                
 Story: [ID:nLDE7031CJ] Related news: [RTRS-LEN-CZ-JOB]
                                
 
                                
 ORCO CHIEF DETAINED AND LATER RELEASED: Central European
real estate developer Orco Property Group's <ORCO.PA>
<ORCOsp.PR> Chief Executive Jean-Francois Ott was held for
questioning by police in Croatia on Tuesday and later released,
Orco said.
                                
 Story: [ID:nLDE70313Q] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 HEAVY SNOWFALLS CURBED SOLAR BOOM AT YEAR-END: Czech solar
capacity in 2010 slightly surpassed estimates but the number of
new plants that came on line did not overload the power grid or
cause prices to soar as once feared, the Czech energy regulator
said on Tuesday.
                                
 Story: [ID:nLDE70310V] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 MACRO POLL: A higher number of working days at the end of
the last year along with strong foreign demand are seen driving
pace of industrial output in November to its fourth highest rate
in 2010.
                                
 Story: [ID:nLDE7030ES] Related news: [RTRS-LEN-CZ-MCE]
                                
 Table: [ID:nLDE7030ST]
                                
 
                                
 CEZ SELLS CERNAVODA STAKE: Czech power group CEZ <CEZPsp.PR>
said on Tuesday it sold its 9.15 percent stake in Romanian
nuclear power plant Cernavoda to the majority shareholder
Romanian state-owned power producer Nuclearelectrica.
                                
 Story: [ID:nPRG004615] Related news: [RTRS-LEN-CZ-RO]
                                
 
                                
 CEE MARKETS: The Hungarian forint rose against the euro on
Tuesday thanks to a weaker Swiss franc, and a rally in central
European equities kept up steam, sending Bucharest and Prague to
eight-month highs.
                                
 Story: [ID:nLDE7030G0] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEE POWER: Czech spot prices eased on Tuesday as
temperatures were expected to climb above freezing in coming
days and wind production was forecast to increase.
                                
 Story: [ID:nLDE7031EP] 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=>    24,86      24,871     0,04       0,56
 vs Dollar     <CZK=>    18,739     18,599    -0,75      -0,38
 Czech Equities <.PX>     1,254,2    1,254,2   0,87       2,4
 U.S. Equities <.DJI>    11,691,18  11,670,75  0,18       0,98
 Pvs close or current levels vs prior domestic close at 1500 GMT
 ==========================PRESS DIGEST=========================
                                
 HYUNDAI MTR CZECH UNIT RAISES OUTPUT: The Czech unit of
Hyundai Motor <005380.KS> Group, South Korea's top automaker,
produced 200,135 cars last year, up by 70 percent year on year.
Almost all its production, 97 percent, was exported. It expects
production to rise further this year but not to reach the
capacity of 300,000 units.
                                
 Hospodarske Noviny, page 18
  
                                
 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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