Czech Republic - Factors To Watch on Aug 25

                                
 PRAGUE, Aug 25 (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 + 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/]
                                
 
==========================TOP NEWS============================
                                
 FINMIN ON BUDGET: The Czech finance ministry is rushing
legislation changes that would enable the government to cut the
2010 public sector gap to around 5 percent of gross domestic
product, the finance minister said on Monday.
                                
 Story [ID:nLP95603] Related news [RTRS-LEN-CZ-GVD]
                                
 
                                
 CEE MARKETS: The Hungarian forint was little moved after the
central bank cut rates as expected on Monday, while regional
stocks continued their rally to reach 10-month highs.
                                
 Story [ID:nLO46231] Related news [RTRS-LEN-CZ-FRX]
                                
 
                                
 BUDGET RISKS: High Czech fiscal deficits could end the
traditionally low interest rate environment and could cause
currency volatility, central bank Vice-Governor Miroslav Singer
said.
                                
 Story [ID:nLO458925] Related news [RTRS-LEN-CZ-CEN]
                                
 
                                
 PKN DENIAL: Polish refiner PKN Orlen <PKNA.WA> denied on
Monday a newspaper report it was looking to sell its Czech unit
Unipetrol <UNPEsp.PR>.
                                
 Story [ID:nLO420642] Related news [RTRS-LEN-CZ-MRG]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>   0        1195,7     0          n/a
vs Euro   <EURCZK=>     25,368   25,378    -0,04      -5,18
vs Dollar    <CZK=>     17,759   17,751     0,05      -7,09
 U.S. Equities <.DJI>   9509,28  9505,96    0,03       8,35
 Pvs close or current levels vs prior domestic close at 1500
==========================PRESS DIGEST========================
                                
 C.BANKER ON BUDGET: The long term trend in the development
of Czech public finances is worrying, namely due to rising
"mandatory" expenditures, growth in debt costs and high deficits
regardless of the phase of the economic cycle.
                                
 Hospodarske Noviny, page 8
                                
 
                                
 CSA VALUE: Czech Airlines (CSA) internal documents show the
the air carrier book value swung to a negative 708 million
crowns ($39.84 million) at the end of June. The only assets that
can be turned into cash include three old Boeings and two
Airbuses.
                                
 
                                
 CSA ASSETS: Airline CSA supervisory board decided on Monday
that the air carrier should not sell off any more assets before
it is privatised, possibly later this year.
                                
 Hospodarske Noviny, page 13
                                

                                
 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
  (Compiled by Jana Mlcochova)