Czech Republic - Factors To Watch on May 16

...

PRODUCER PRICES

April producer prices and March foreign trade prices are due out at 9 a.m. (0700 GMT).

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

10-YEAR BOND

The finance ministry offers a new tranche re-opening the 10-year government bond through an auction .

- For auction details and results, double click on .

CABINET MEETS ON FISCAL REFORMS

The cabinet meets in a regular weekly session and is expected to discuss details of its plan to overhaul taxes and spending in order to stabilise public finances.

But Prime Minister Mirek Topolanek has postponed a final decision on the reform package until next week, the daily Pravo reports, citing disagreements over elements of the plan within the three-party ruling coalition.

A news conference is tentatively scheduled for 1 p.m. (1100 GMT).

[RTRS-LEN-CZ-GVD]

- For FACTBOX on the government's main proposals, double click on [ID:nL03553262].

CEZ SHARES FALL

Shares in CEZ, the biggest Czech company, fell 2 percent on Tuesday, as the opposition party and analysts criticised government for keeping quiet on how it plans to sell about 44 billion crowns' ($2.09 billion) worth of the company.

[nL15538822] [ID:nL14676493] [RTRS-LEN-CZ-CEZPsp.PR]

BUOYANT INDUSTRIAL SECTOR

Growth in industrial output exceeded the market forecast by rising 12.7 percent year-on-year in March, suggesting the economy was sustaining its robust pace of expansion this year.

[nL15302934]

UNIPETROL EARNINGS SURPRISE

Net profit at Czech oil group Unipetrol doubled in the first quarter, beating market expectations thanks to strong demand, a mild winter and lack of shutdowns which hampered last year's results.

[nL15290800] [RTRS-LEN-CZ-UNPEsp.PR]

RESEARCH ALERTS:

ING CUTS ZENTIVA

ING Wholesale Banking has cut its rating on shares in generics drug producer Zentiva to "hold" from "buy" but kept its 12-month target price unchanged at 1,570 crowns.

[nL16491640]

CREDIT SUISSE UPS KOMERCNI TARGET

Credit Suisse raised its target price on Komercni Banka to 4,200 crowns from 4,000 on Tuesday and kept a 'neutral' rating on the stock.

[nL15715262]

NO BREAKTHROUGH IN EU TALKS

EU envoys staked out positions on an overhaul of the bloc's stalled constitution at a meeting in Berlin on Tuesday, but a key negotiator said no breakthrough was likely before a summit in Brussels next month.

[nL15118413] [RTRS-LEN-CZ-EU-DIP]

ANALYSTS EXPECT RATE HIKE BY JUNE

The Czech central bank (CNB) is very likely to raise interest rates by 25 basis points by June following the strong April inflation data, a Reuters poll of 19 analysts showed.

[ID:nL1098876]

FOR DETAILED FORECASTS, DOUBLE-CLICK ON [ID:nL10503700]

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

($1=20.97 Czech Crown)

[PRAGUE/Reuters/Finance.cz]