Czech Republic - Factors To Watch on June 1

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ECONOMIC INDICATORS

May state budget figures due out sometime during day.

May manufacturing PMI due out at 9:30 a.m. (0730 GMT).

Previous stories on Czech data............[CZ-RTRS-LEN-ECI]

Overview of economic data and forecasts.........

Real-time economic indicators.....................

BOND CALENDAR

The finance ministry will release the third quarter domestic bond issuance calendar on Friday (no set time for release).

Bond auction details and results:

Related news: [RTRS-LEN-CZ-MMT]

TRIPARTITE AGREES TO MINOR LABOUR CODE CHANGES

The Tripartie Council of employers, unions and the government agreed to 17 minor changes to the labour code in areas such as overtime and breaks, the daily Pravo reported on Friday.

BUDVAR TRANSFORMATION

Agriculture Minister Petr Gandalovic is looking to begin the process in June of changing the structure of brewer Budejovicky Budvar from a state national company to a joint stock company. This would help pave the way toward eventual privatisation of the firm, and he said, allow it to increase capacity to capitalise on export demand.

C.BANK HIKES RATES

Czech central bank (CNB) Governor Zdenek Tuma cast the decisive vote to raise interest rates for the first time in 8 months on Thursday, amid buoyant consumption and resurgent inflation in the European Union member's economy.

News report: [ID:nL31276683]

Central bank news conference highlights [ID:nL31576172]

Related news: [RTRS-LEN-CZ-CEN]

Reuters poll of analysts' expectations: [ID:nL25550817]

TABLE of forecasts: [ID:nL25394000]

FACTBOX on central European central banks: [ID:nL21566195]

Monthly surveys on the outlook for economic data and interest rates: [CNB/INT] [CZK/POLL]

Regular updates on crown moves: [CZK/]

CEZ CO2 CREDITS

The Czech Republic's carbon dioxide national allocation plan gives CEZ credits to release 34.34 million tonnes of the greenhouse gas per year in the 2008-2012 period,

News report: [ID:nL31123777]

Related news: [RTRS-LEN-CZ-CO2]

MISSILE SHIELD

Prime Minister Mirek Topolanek said on Wednesday Czechs must contribute to Euro-Atlantic security by hosting a missile shield base, defending the plan ahead of a visit by U.S. President George Bush.

News report: [ID:nL31570423

Related news: [RTRS-LEN-CZ-DIP-US]

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