PRAGUE, March 2 (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.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies............................[]
=============================EVENTS============================
PRAGUE - The Czech cabinet to hold a session, to debate a
report by national coordination group for euro adoption.
(www.vlada.cz/en/default.htm). News conference to follow.
Related news: []
============================TOP NEWS===========================
CZECHS PLAN HIKE IN BOND ISSUANCE IN Q2: The Czech Finance
Ministry said on Tuesday it would offer 50 billion crowns ($2.84
billion) worth of state bonds in seven auctions in the second
quarter, 10 billion crowns more than planned for the first
quarter.
Story: [] Related news: []
BUDGET SWINGS TO DEFICIT IN FEB: The Czech central state
budget showed a 22.82 billion crown ($1.30 billion) deficit at
the end of February, the Finance Ministry said.
Story: [] Related news: []
BANKS RESILIENT TO SHOCKS: Czech banks should be resilient
to adverse shocks, with lower recapitalisation needs even under
the most extreme scenario than peers in many other European
countries, the central bank said after quarterly stress tests.
Story: [] Related news: []
FINMIN CAN ACCEPT ONLY SMALL DIP IN CEZ DIVIDEND: The Czech
government will accept only a small cut in dividend from
majority state-owned power group CEZ <>, Finance
Minister Miroslav Kalousek said.
Story: [] Related news: []
PMI RECEDES FROM RECORD HIGH: The Czech Purchasing Managers'
Index (PMI) dipped to 59.8 in February from January's all-time
high of 60.5.
Story: [] Related news: []
Wrap: []
FORTUNA FY EARNINGS: Czech betting company Fortuna
<FOREsp.PR> posted a 2.6 percent rise in 2010 net profit, helped
by growth in on-line betting it said would continue this year.
Story: [] Related news: []
CEE MARKETS: Hungary's forint and stocks fell and bond
yields rose on Tuesday after Budapest unveiled a reform plan
lacking much of the detail markets had counted on.
Story: [] Related news: []
CEE POWER: Czech day ahead power dropped about 4 percent on
Tuesday on warmer weather after a cold spell that offset low
wind generation in the region, traders said.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2011
vs Euro <EURCZK=> 24.368 24.309 -0.24 2.53
vs Dollar <CZK=> 17.694 17.565 -0.73 5.22
Czech Equities <> 1,230.6 1,230.6 -1.09 0.47
U.S. Equities <> 12,058.02 12,226.34 -1.38 4.15
Pvs close or current levels vs prior domestic close at 1500 GMT
==========================PRESS DIGEST=========================
AGRICULTURE SECTOR PROFIT RISES: The agriculture sector
showed a profit of 6.2 billion crowns ($352.1 million) last
year, up by 3.6 billion from 2009.
Pravo, page 15
CEZ'S COAL MINES SEE PROFIT FALL: Net profit at CEZ's
<> unit Severoceske Doly coal mines fell 25 percent
last year to 2.37 billion crowns.
E15, page 8
OIL DEAL IN PIPELINE: Finance Minister Miroslav Kalousek
supported the idea of merging state-run operator of oil
pipelines and storage facilities Cepro with refining operations.
Details of the integration are still unclear. Cepro could get a
stake in Ceska Rafinerska, joint owned by Czech Unipetrol
<>, Italy's Eni <ENI.MI> and Royal Dutch Shell, or
Slovakia's Slovnaft, the paper said.
E15, page 6
DEMAND FOR STEEL RISING: Czech unit of India's ArcelorMittal
[] CEO Augustine Kochuparampil said demand for steel was
so high that the steel maker can hardly meet it. The situation
on the market is favourable and this trend could continues in
the second quarter, he said.
Hospodarske Noviny, page 19
SKODA FEB. SALES UP: Volkswagen's <VOWG.DE> Skoda Auto sold
130,000 vehicles in February, up by 23 percent year on year, CEO
Winfried Vahland said.
Pravo, page 19
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
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For calendar of east European economic indicators []
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TOP NEWS -- Convergence watch []
For an economic indicator diary for the euro zone, the United
States and other Group of Seven countries see <G7TODAY>
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