DIARY - Czech Republic - to June 30

...================================================================================ 
    UPCOMING ECONOMIC INDICATORS  
 DATE---GMT/LOCAL---INDICATOR--------------PERIOD----FORECAST----PRIOR 
 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 
 04/06  0700/0900   Real wage y/y          Q1         n/f         4.6% 
 06/06  0700/0900   Foreign trade          April      n/a        12.40bln 
 07/06  0800/1000   FX reserves            May        n/f        23.57bln 
 07/06  0800/1000   CA balance euros       Q1         n/f        -1.80bln 
 08/06  0700/0900   GDP                    Q1         n/a         5.8% 
 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% 
 12/06  0700/0900   Industrial output      April      n/a        12.7% 
 12/06  0700/0900   Construction output    April      n/f        26.4% 
 14/06  0700/0900   Producer prices m/m    May        n/a         0.6% 
 14/06  0700/0900   Producer prices y/y    May        n.a         3.7% 
 14/06  0700/0900   Import prices y/y      April      n/f        -1.8% 
 14/06  0700/0900   Export prices y/y      April      n/f         2.0% 
 14/06  0800/1000   Monetary base          May        n/f       367.6bln 
 15/06  0800/1000   CA balance CZK         April      n/a         8.26bln 
 18/06  0700/0900   Retail sales y/y       April      n/a        10.5% 
================================================================================ 
    COMPANY RESULTS 
 DATE---COMPANY----------RIC------------SECTOR------AVERAGE FCAST--FORECAST ---- 
                                                      (CZK bln)      ITEM 
 28/05  ECM                  Real estate      n/a       Q1 net profit 
 30/05  ORCO        Real estate      n/a       Q1 net profit 
 30/05  PEGAS                Textil           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. 
================================================================================ 
 
    THURSDAY, May 24 
    PRAGUE - Czech central bank governing board to hold a regular weekly 
meeting. It is not scheduled to discuss monetary policy issues. 
    PRAGUE - State-owned Czech Airlines (CSA) Chief Executive Radomir Lasak to 
hold a news conference on Q1 results at 0800 GMT. 
    PRAGUE - UK Climate Change and Environment Minister Ian Pearson to give a 
lecture "The Challenge of Climate Change; or, a new Industrial Revolution" at 
1515 GMT.  
     
    THURSDAY, May 24 - FRIDAY, May 25 
    PRAGUE - Environment Ministers of the so-called Visegrad Four and UK Climate 
Change and Environment Minister Ian Pearson to meet to discuss Climate Change. 
News conference on Friday at 0900 GMT. 
     
    THURSDAY, May 24 - SATURDAY, May 26 
    BRNO - Presidents of central European states meet. Details of the programme 
at www.czech-summit.cz 
 
    FRIDAY, May 25 
  * PRAGUE - Conference "Life in debt...or housholds indebtedness in the Czech 
Republic" with Finance Minister Miroslav Kalousek (0710 GMT) and CNB's 
Vice-Governor Miroslav Singer (0745). 
     
    MONDAY, May 28 
    PRAGUE - ECM Real Estate Investments  to release Q1 results at 
0700 GMT. 
 
    TUESDAY, May 29 
    LUXEMBOURG - Property group ECM  to hold an extraordinary 
shareholders' meeting. 
    PRAGUE - Seminar "Public finance reform in 2007-2010". 
     
    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 - Conference "U.S. Missile Defence in Europe: Consequences for  
Transatlantic Relations" with Prime Minister Mirek Topolanek (0920 GMT), Deputy 
Prime Minister Alexandr Vondra (1030 GMT) and U.S. Permanent Representative to 
NATO Victoria Nuland (1120 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. It is also 
expected to release a detailed calendar for the issuance of domestic state bonds 
in the third quarter. 
  
    MONDAY, June 4 
    PRAGUE - Czech Statistical Bureau (CSU) to release Q1 real wage at 0700 GMT. 
 
    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. 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
 
    THURSDAY, June 7 
    PRAGUE - Czech central bank (CNB) to release May forex reserves and Q1  
current account balance at 0800 GMT. 
    PRAGUE - Finance Ministry should set the coupon for the new 15-year 
benchmark government bond at 1200 GMT. 
    PRAGUE - Czech central bank governing board to hold a regular weekly 
meeting. It is not scheduled to discuss monetary policy issues. 
 
    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. 
 
    TUESDAY, June 12 
    PRAGUE - Czech Statistical Bureau (CSU) to release April industrial and 
construction output at 0700 GMT. 
    PRAGUE - Czech central bank (CNB) to release the annual Financial Stability 
Report on its Web site www.cnb.cz. 
 
    WEDNESDAY, June 13 
    PRAGUE - 15-year government bond auction. 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
 
    THURSDAY, June 14 
    PRAGUE - Czech Statistical Bureau (CSU) to release May producer prices and 
April foreign trade prices at 0700 GMT. 
    PRAGUE - Czech central bank (CNB) to release May monetary base at 0800 GMT. 
    PRAGUE - Czech central bank governing board to hold a regular weekly 
meeting. It is not scheduled to discuss monetary policy issues. 
 
    FRIDAY, June 15 
    LUXEMBOURG - Artificial textile maker Pegas Nonwovens  to hold an 
annual shareholders' meeting. 
    PRAGUE - Czech central bank (CNB) to release April current account balance 
at 0800 GMT. 
    PRAGUE - Finance Ministry to detail Q1 government debt figures. 
 
    MONDAY, June 18 
    PRAGUE - Czech Statistical Bureau (CSU) to release April retail sales at 
0700 GMT. 
 
    WEDNESDAY, June 20 
    PRAGUE - 3-year government bond auction . 
    PRAGUE - Czech central bank governing board to hold a regular weekly 
meeting. It is not scheduled to discuss monetary policy issues. 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
 
    WEDNESDAY, June 27 
    PRAGUE - 5-year government bond auction . 
    PRAGUE - Czech cabinet to meet in a regular weekly session. 
===========================SHAREHOLDERS MEETINGS================================ 
 COMPANY                   RIC                          DATE 
 ECM                                          May 29 
 ZENTIVA                                     June 6 
 PEGAS                                       June 15 
================================================================================ 
      The Statistical Bureau (CSU) has set the following dates for release of 
macroeconomic indicators (data released at 0700 GMT unless noted): 
    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 
    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 
    24                             regular 
    31                             Situation report 
    JUNE 
     7                             regular 
    14                             regular 
    20                             regular 
    28                             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  
3.25%/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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