DIARY - Czech Republic - to June 30

...================================================================================ 
    UPCOMING ECONOMIC INDICATORS  
 DATE---GMT/LOCAL---INDICATOR--------------PERIOD----FORECAST----PRIOR 
 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 
 06/06  0700/0900   Foreign trade          April      n/a        12.40bln 
 07/06  0800/1000   FX reserves            May        n/f        23.57bln 
 08/06  0700/0900   Inflation m/m          May        n/a         0.7% 
 08/06  0700/0900   Inflation y/y          May        n/a         2.5% 
 08/06  0700/0900   Unemployment           May        n/a         6.8% 
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    COMPANY RESULTS 
 DATE---COMPANY----------RIC------------SECTOR------AVERAGE FCAST--FORECAST ---- 
                                                     (CZK bln)       ITEM 
 14/05  Zentiva              Pharma           0.565     Q1 net profit 
 15/05  Unipetrol            Oil              n/a       Q1 net profit 
 16/05  CEZ                  Energy           n/a       Q1 net profit 
 30/05  ORCO        Real estate      n/a       Q1 net profit 
 30/05  PEGAS                Textil           n/a       Q1 net profit 
 31/05  ECM                  Real estate      n/a       Q1 net profit 
-------------------------------------------------------------------------------- 
    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. 
================================================================================ 
 
    MONDAY, May 14 
    PRAGUE - Czech central bank (CNB) to release April monetary base at 0800 
GMT. 
    PRAGUE - Drug maker Zentiva  to release Q1 results. Conference 
call with CEO Jiri Michal and CFO Lars Ramneborn at 1430 GMT. 
  * PRAGUE - Italian Prime Minister Romano Prodi to visit the Czech Republic. 
Scheduled to meet with his Czech counterpart Mirek Topolanek. News conference at 
0940 GMT. 
 
    TUESDAY, 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 (until 0700 GMT). News conference at 0800 GMT, 
conference call at 1100 GMT. 
 
    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 - 10-year government bond auction . 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
 
    THURSDAY, May 17 
    PRAGUE - Czech central bank governing board to hold a regular weekly 
meeting. It is not scheduled to discuss monetary policy issues. 
  * PRAGUE - Power firm CEZ  to release Q1 results. News conference 
with CFO Petr Voboril at 0730 GMT.  
 
    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 
    PRAGUE - Czech central bank governing board to hold a regular weekly 
meeting. It is not scheduled to discuss monetary policy issues. 
 
    THURSDAY, May 24 - SATURDAY, May 26 
    BRNO - Meeting of the Presidents of Central European States. 
     
    TUESDAY, May 29 
  * LUXEMBOURG - Property group ECM  to hold an extraordinary 
shareholders' meeting. 
     
    WEDNESDAY, May 30 
    PRAGUE - 3-year government bond auction . 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
    PRAGUE - Developer Orco Property Group   to publish Q1 
results. 
    PRAGUE - Artificial textile maker Pegas Nonwovens  to release Q1 
results. 
 
    THURSDAY, May 31 
    PRAGUE - 52-week T-bill auction. 
    PRAGUE - Czech central bank 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. 
    PRAGUE - ECM Real Estate Investments  to release Q1 results.  
 
    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. It is also 
expected to release a detailed calendar for the issuance of domestic state bonds 
in the third quarter. 
 
    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, Prime Minister Mirek Topolanek and 
other government officials. 
     
    TUESDAY, June 5 - FRIDAY, June 15 
  * PRAGUE - The lower house of parliament to hold a session. 
     
    WEDNESDAY, June 6 
    PRAGUE - Czech Statistical Bureau (CSU) to release April foreign trade data 
at 0700 GMT. 
    PRAGUE - 10-year government bond auction . 
  * AMSTERDAM - Drug maker Zentiva  to hold an annual shareholders' 
meeting. 
 
    THURSDAY, June 7 
    PRAGUE - Czech central bank (CNB) to release May forex reserves at 0800 GMT. 
  * PRAGUE - Finance Ministry should set the coupon for the new 15-year 
benchmark government bond at 1200 GMT. 
 
    FRIDAY, June 8 
    PRAGUE - Czech central bank (CNB) to release minutes from its May 31 
governing board meeting at 0700 GMT. 
  * PRAGUE - Czech Statistical Bureau (CSU) to release Q1 gross domestic product 
and May inflation at 0700 GMT. 
    PRAGUE - Czech Labour and Social Affairs Ministry to release May 
unemployment data at 0700 GMT. 
===========================SHAREHOLDERS MEETINGS================================ 
 COMPANY                   RIC                          DATE 
 ECM                                          May 29 
 ZENTIVA                                     June 6 
================================================================================ 
      The Statistical Bureau (CSU) has set the following dates for release of 
macroeconomic indicators (data released at 0700 GMT unless noted): 
    MAY 
    15     Construction output (March) 
           Industrial output (March) 
    16     Producer prices (April) 
           Foreign trade prices (March) 
    21     Retail sales (March) 
           Service sales (Q1) 
    JUNE 
     4     Real wage (Q1) 
     6     Foreign trade (April) 
     8     Inflation (May) 
           Gross domestic product (Q1) 
    12     Construction output (April) 
           Industrial output (April) 
    14     Producer prices (May) 
           Foreign trade prices (April) 
    18     Retail sales (April) 
================================================================================ 
    The central bank (CNB) set the following dates for releases of economic 
indicators (data released at 0800 GMT unless noted): 
    MAY 
    14     Monetary base (end-April) 
    18     Balance of payments (end-March) 
    31     Money supply (end-April) 
    JUNE 
     7     Forex reserves (end-May) 
           Balance of payments (Q1) 
    14     Monetary base (end-May) 
    15     Balance of payments (end-April) 
    29     Money supply (end-May) 
           Foreign debt and investment balance (Q1) 
================================================================================ 
    Czech central bank governing board meetings 
                                   MEETING TYPE 
    MAY 
    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): 
    JUNE 
     8  to end-May 
================================================================================ 
    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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