PRAGUE, Jan 6 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday.
ALL TIMES GMT (Czech Republic: GMT + 1 hours)
=========================ECONOMIC DATA=========================
November foreign trade data at 0800 GMT.
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 - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
Related news: []
PRAGUE - Car Importers' Association (SDA) to hold a news
conference on fourth quarter passenger car registrations (1300
GMT).
Related news: []
=============================TOP NEWS===========================
POLL: CEE CURRENCIES SEEN GAINING IN 2011: The Polish zloty
is set to lead central European currencies higher in 2011 on
the back of economic recovery and monetary tightening, although
the euro zone debt crisis will cap their gains early in the
year, a Reuters poll forecast on Wednesday.
Story: [] Related news: []
GOVT SELLS EURO FRNS: The Czech Finance Ministry sold 37.51
million euros worth of floating rate notes due in 2015
<CZ045351157=> in an offer from its own portfolio on Wednesday.
Story: [] Related news: []
KEY POLITICAL RISKS: The Czech centre-right coalition
wobbled unexpectedly in December when a corruption affair at the
Environment Ministry pitched a junior coalition partner against
Prime Minister Petr Necas.
Story: [] Related news: []
CEE MARKETS: The Polish zloty firmed to eight-week highs on
Wednesday after central bank governor Marek Belka said for the
first time since taking up his post last summer it was time for
Warsaw to begin monetary tightening.
Story: [] Related news: []
CEE POWER: Czech day ahead power tumbled on Wednesday as
temperatures were expected to climb above freezing and wind
supply in the region was forecast higher.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
vs Euro <EURCZK=> 24,818 24,838 0,08 0,73
vs Dollar <CZK=> 18,896 18,884 -0,06 -1,22
Czech Equities <> 1,242,6 1,242,6 -0,92 1,45
U.S. Equities <> 11,722,89 11,691,18 0,27 1,26
Pvs close or current levels vs prior domestic close at 1500 GMT
==========================PRESS DIGEST=========================
TAX PROPOSAL: The Finance Ministry is working on a tax bill
raising the income tax rate to 19 or 20 percent from 15 percent
now. The tax would be paid from the gross salary and not the
super-gross salary as it is now. The super-gross wage includes
the social and health insurance payment by the employer. Most
tax breaks would be cancelled and a flat deduction would be
implemented. The change should have a neutral impact on the
budget revenue.
Mlada Fronta Dnes, page 1
CORRUPTION PACKAGE: The cabinet approved Interior Ministry's
anti-corruption strategy on Tuesday. This was surprising after a
series of attacks within the coalition ahead of the approval.
Hospodarske Noviny, page 3
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 []
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 <> Budapest BUX <> Prague PX <>
News editor of the day: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935
E-mail: prague.newsroom@reuters.com
