DIARY - Czech Republic - to June 30

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    UPCOMING ECONOMIC INDICATORS  
 DATE---GMT/LOCAL---INDICATOR--------------PERIOD----FORECAST----PRIOR 
 09/05  0700/0900   Foreign trade          March     11.2bln     13.61bln 
 09/05  0800/1000   FX reserves            April      n/f        23.76bln 
 10/05  0700/0900   Inflation m/m          April      0.4%        0.3% 
 10/05  0700/0900   Inflation y/y          April      2.2%        1.9% 
 10/05  0700/0900   Unemployment           April      6.9%        7.3% 
 14/05  0800/1000   Monetary base          April      n/f       355.4bln 
 15/05  0700/0900   Industrial output      March      9.1%       15.4% 
 15/05  0700/0900   Construction output    March      n/f        32.5% 
 16/05  0700/0900   Producer prices m/m    April      0.4%        0.5% 
 16/05  0700/0900   Producer prices y/y    April      3.7%        3.6% 
 16/05  0700/0900   Import prices y/y      March      n/f        -1.3% 
 16/05  0700/0900   Export prices y/y      March      n/f         2.8% 
 18/05  0800/1000   CA balance CZK         March      2.00bln     4.00bln 
 21/05  0700/0900   Retail sales y/y       March      6.5%        9.4% 
 21/05  0700/0900   Service sales y/y      Q1         n/f         6.1% 
 31/05  0800/1000   Money supply           April      n/f        10.6% 
 01/06  0730/0930   PMI index              May        n/f        56.1 
 01/06     n/a      Budget balance         May        n/f       -17.01bln 
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    COMPANY RESULTS 
 DATE---COMPANY----------RIC------------SECTOR------AVERAGE FCAST--FORECAST ---- 
                                                     (USD mln)       ITEM 
 03/05  CME          Media            2.1       Q1 results 
 11/05  Komercni Banka       Bank             n/a       Q1 net profit 
 14/05  Zentiva              Pharma           n/a       Q1 net profit 
 15/05  Unipetrol            Oil              n/a       Q1 net profit 
 16/05  CEZ                  Energy           n/a       Q1 net profit 
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    NOTE. n/a = not yet available 
          n/f = not forecast 
    For real-time indicators, click on . 
    For all Reuters short and medium-term forecasts of Czech indicators, click 
on . 
================================================================================     CENTRAL BANK GOVERNING BOARD MEETINGS are usually held on Thursdays, but not 
necessarily every Thursday, with monetary policy specifically discussed on the 
last Thursday of the month in the board's "situation report" (see below for 
updated schedule). 
    WEEKLY CABINET MEETINGS are usually held on Wednesdays. 
    FULL LIST of ECONOMIC INDICATORS released in the coming weeks by the Czech 
Statistical Bureau (CSU), the central bank (CNB) and the finance ministry are 
pbublished as listed in separate tables below. The nearest coming indicators are 
also listed among other diary items below. 
================================================================================ 
 
    Until FRIDAY, May 4 
    PRAGUE - The lower house of parliament to hold a session. 
     
    THURSDAY, May 3 
    HAMILTON, Bermuda - Central European Media Enterprises (CME)  
 expected to release Q1 results sometime before the U.S. market open. 
Teleconference at 1400 GMT. 
    PRAGUE - Czech central bank's governing board to hold a regular weekly 
meeting. It is not scheduled to discuss monetary policy issues. 
    PRAGUE - Forum on public finance reform with Social Democrats (CSSD) leaders 
(1300 GMT). 
    PRAGUE - Civic Democrats Party (ODS) to organise seminar on public finance 
reform (1430 GMT). 
     
    FRIDAY, May 4 
    PRAGUE - Czech central bank (CNB) to release minutes from its April 26 
governing board meeting at 0700 GMT. 
     
    TUESDAY, May 8 
    Liberation Day national holiday. Prague Stock Exchange, banks and markets 
are to be closed. 
 
    WEDNESDAY, May 9 
    PRAGUE - Czech Statistical Bureau (CSU) to release March foreign trade data 
at 0700 GMT. 
    PRAGUE - Czech central bank (CNB) to release April forex reserves at 0800 
GMT. 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
    PRAGUE - 5-year government bond auction . 
 
    THURSDAY, May 10 
    PRAGUE - Czech Statistical Bureau (CSU) to release April inflation at 0700 
GMT. 
    PRAGUE - Czech Labour and Social Affairs Ministry to release April  
unemployment data at 0700 GMT. 
    PRAGUE - Czech central bank's governing board to hold a regular weekly 
meeting. It is not scheduled to discuss monetary policy issues.  
 
    THURSDAY, May 10 - FRIDAY, May 11 
    PRAGUE - U.S. and Czech government officials will lead initial round of 
official talks on building a radar base in the Czech Republic. The radar would 
be part of a U.S. missile defence shield. 
     
    FRIDAY, May 11 
    PRAGUE - Komercni Banka  to publish Q1 results. 
     
    MONDAY, May 14 
    PRAGUE - Czech central bank (CNB) to release April monetary base at 0800 
GMT. 
    PRAGUE - Drug maker Zentiva  to release Q1 results. 
 
    TUESEDAY, May 15 
    PRAGUE - Czech Statistical Bureau (CSU) to release March industrial and 
construction output at 0700 GMT. 
    PRAGUE - Chemicals group Unipetrol , a unit of Poland's PKN Orlen 
, to publish Q1 results. 
 
    TUESDAY, May 15 - WEDNESDAY, May 16 
    PRAGUE - Summit on Central & Eastern European Securitisation. 
 
    WEDNESDAY, May 16 
    PRAGUE - Czech Statistical Bureau (CSU) to release April producer prices and 
March foreign trade prices at 0700 GMT. 
    PRAGUE - Power firm CEZ  to release Q1 results. 
    PRAGUE - 10-year government bond auction . 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
     
    FRIDAY, May 18 
    PRAGUE - Czech central bank (CNB) to release March current account balance 
at 0800 GMT. 
 
    MONDAY, May 21 
    PRAGUE - Czech Statistical Bureau (CSU) to release March retail sales and Q1 
service sales at 0700 GMT. 
 
    WEDNESDAY, May 23 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
 
    THURSDAY, May 24 - SATURDAY, May 26 
    BRNO - Meeting of the Presidents of Central European States. 
     
    WEDNESDAY, May 30 
    PRAGUE - 3-year government bond auction . 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
 
    THURSDAY, May 31 
    PRAGUE - 52-week T-bill auction. 
    PRAGUE - Czech central bank's governing board to meet on interest rates. An 
announcement is expected after 1000 GMT with a news conference to follow at 
around 1330 GMT. 
    PRAGUE - Czech central bank (CNB) to release April money supply at 0800 GMT. 
 
    FRIDAY, June 1 
  * PRAGUE - Purchasing Managers' Index (PMI) for May due out at 0730 GMT. 
  * PRAGUE - Finance Ministry due to release end-May budget balance. 
 
    MONDAY, June 4 - TUESDAY, June 5 
    PRAGUE - U.S. President George W. Bush to visit Czech Republic. Scheduled to 
meet his Czech counterpart Vaclav Klaus, Czech Prime Minister Mirek Topolanek 
and Czech government officials. 
===========================SHAREHOLDERS MEETINGS================================ 
 COMPANY                   RIC                          DATE 
 no meeting on the schedule 
================================================================================ 
      The Statistical Bureau (CSU) has set the following dates for release of 
macroeconomic indicators (data released at 0700 GMT unless noted): 
    MAY 
     9     Foreign trade (March) 
    10     Inflation (April) 
    15     Construction output (March) 
           Industrial output (March) 
    16     Producer prices (April) 
           Foreign trade prices (March) 
    21     Retail sales (March) 
           Service sales (Q1) 
================================================================================ 
    The central bank (CNB) set the following dates for releases of economic 
indicators (data released at 0800 GMT unless noted): 
    MAY 
     9     Forex reserves (end-April) 
    14     Monetary base (end-April) 
    18     Balance of payments (end-March) 
    31     Money supply (end-April) 
================================================================================ 
    Czech central bank governing board meetings 
                                   MEETING TYPE 
    MAY 
     3                             Inflation report 
    10                             regular 
    17                             regular 
    24                             regular 
    31                             Situation report 
================================================================================ 
    The Labour and Social Affairs Ministry set the following dates for releasing 
monthly unemployment data (data released on the same day as CPI figures): 
    MAY 
    10  to end-April 
================================================================================ 
    The Finance Ministry set the following dates for the release of state budget 
balance: 
    JUNE 
     1   to end-May 
================================================================================ 
              REGULAR STATE BONDS ISSUE CALENDAR 
ISSUE NAME      AUCTION DATE    ISSUE DATE     MATURITY DATE  MATURITY   VOLUME 
                                                            (in years) (CZK bln) 
Reopening of existing issue  
3.55%/12        May 9, 2007     May 14, 2007    Oct 18, 2012       5         7 
Reopening of existing issue  
4.00%/17        May 16, 2007    May 21, 2007    Apr 11, 2017      10         7 
Reopening of existing issue  
3.25%/09        May 30, 2007    June 4, 2007    Nov 27, 2009       3         6 
Reopening of existing issue  
4.00%/17        June 6, 2007    June 11, 2007   Apr 11, 2017      10         7 
New issue 
x.xx%/22        June 13, 2007   June 18, 2007   Sept 12, 2022     15         7 
Reopening of existing issue  
3.25%/09        June 20, 2007   June 25, 2007   Nov 27, 2009       3         6 
Reopening of existing issue  
3.55%/12        June 27, 2007   July 2, 2007    Oct 18, 2012       5         7 
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