PRAGUE, July 28 (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.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies............................[]
=========================TOP NEWS===============================
PRAGUE - The Czech cabinet to hold a session (0700 GMT)
(www.vlada.cz/en/default.htm). News conference to follow.
Related news: []
PRAGUE - Television group Central European Media Enterprises
<CETV.O> <> to hold conference call on second quarter
results at 1300 GMT.
A Reuters poll showed the broadcaster will report
second-quarter revenue and profit growth with the acquisition of
a Bulgarian station offsetting a decline in ad sales.
[]
Related news: []
PRAGUE - Telecoms operator Telefonica O2 Czech Republic
<>, a unit of Spain's Telefonica <TEF.MC>, to release
first half results.
A Reuters poll showed the group will likely report a 26
percent drop in quarterly net profit due to weak consumer demand
and a 900 million crown one-off gain booked last year.
[]
Related news: []
=========================MORNING NEWS===========================
CME Q2: Revenue for broadcaster Central European Media
Enterprises (CME) rose 10.3 percent to $201.7 million in the
second quarter with the acquisition of a Bulgarian TV station
offsetting falling ad income.
Story: [] Related news: []
=========================TOP NEWS===============================
CEE MARKETS: Hungary's forint led gains in central Europe on
Tuesday as a smooth debt tender eased some of the fears over its
finances, while higher risk appetite pushed the Polish zloty
beyond the key 4.0 per euro level.
Story: [] Related news: []
SPY INFILTRATION: Three Czech generals, including a
presidential staff member and a NATO representative, were forced
to leave the army in 2009 after a Russian spy's contact with
their offices, a Czech newspaper reported on Tuesday.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> -- 1189.4 1.2 6.45
vs Euro <EURCZK=> 25.02 25.026 0.02 4.93
vs Dollar <CZK=> 19.222 19.271 0.25 -4.6
U.S. Equities <> 10537.69 10525.43 0.12 1.05
Pvs close or current levels vs prior domestic close at 1500 GMT
=========================PRESS DIGEST==========================
GOVT CLASH: Two ministers from junior government coalition
member Public Affairs are against the planned budget cuts wanted
by Prime Minister Petr Necas and Finance Minister Miroslav
Kalousek at ministries. The government is due to meet on
Wednesday.
Hospodarske Noviny, page 1
2011 SAVINGS NEEDED: Without savings measures, the 2011
budget deficit would rise to 6.6 percent of GDP and not the
planned target of 4.6 percent, Finance Minister Miroslav
Kalousek said.
Lidove Noviny, page 2
SOLAR: The chairman of the Energy Regulatory Office, Josef
Firt, said that installed solar power capacity should rise to
1,300-1,400 MW from 590 MW by the end of the year, and not to
2,000 MW mentioed by some industry players.
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
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For summary of economic data and forecasts <CZ/ECON01>
For diary of forthcoming Czech events []
For calendar of east European economic indicators []
TOP NEWS -- Emerging markets []
TOP NEWS -- Convergence watch []
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