Czech Republic - Factors To Watch on May 2

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PMI INDICATOR

Purchasing Managers' Index (PMI) for April is due out at 9:30 (0730 GMT).

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BUDGET BALANCE

The Finance Ministry is due to release the end-April budget balance .

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- For real-time economic data releases, double click on the following code:

CABINET MEETING

The cabinet meets in a regular weekly session. No market-related items are officially scheduled to be on the agenda.

News conference is tentatively scheduled for 10 p.m. (2000 GMT).

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PM SHOWS FLEXIBILITY ON REFORMS

Prime Minister Mirek Topolanek showed readiness on Monday to accept changes to his government's fiscal reform steps to appease rebels in his own party, and promised further measures deepening changes in taxes and spending.

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- For Factbox on the proposed fiscal measures, double click on [ID:nL03553262].

ERSTE RESULTS

Austria's Erste Bank der oesterreichischen Sparkassen posted a 25-percent rise in first-quarter net profit, beating forecasts but disappointing investors with a weak revenue mix that weighed on its shares.

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For overview of economic data and forecasts click on For Instant Views of key economic data click on [CZ/INSTANT] For summary of economic data and forecasts 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

For real-time stock market index quotes click in brackets: Warsaw WIG20 Budapest BUX Prague PX

News editor of the day: Alan Crosby on +420 224 190 477; fax: +420 224 229 935

E-mail: prague.newsroom@reuters.com

Reuters Messaging: alan.crosby.reuters.com@reuters.net

[PRAGUE/Reuters/Finance.cz]