Slovakia - Factors To Watch on June 5

...

C.BANK TWO-WEEK REPO TENDER

The central bank will hold its regular two-week repo tender.

ENERGY CONFERENCE

Czech CEZ Director of Development Jiri Feist and Italy's Enel Slovenske Elektrarne Managing Director for Investment, Procurement and Services Vincenzo Napoli to address an energy conference.

C.BANKER SAYS NO INFLATION THREAT IN GDP

Fast Slovak economic growth is not fuelling inflation since it is led by exports, central bank (NBS) Governor Ivan Sramko said on Monday.

[ID:nL04760839] [RTRS-CEN-PLCY-INT-SK]

SLOVAKIA TO KEEP PRESSURING UTILITES ON PRICES

Slovakia will continue to pressure its energy utilities to push prices to among the lowest levels in the European Union, Prime Minister Robert Fico said on Monday.

[ID:nL04753065] [RTRS-REGS-ELG-EU-SK]

ECM PARENT AND PARTNERS BUY SLOVAK CARREFOURS

ECM Group NV, the parent company of Czech developer ECM Real Estate Investments AG , and a privately-held partner company ICS have agreed to buy four Carrefour hypermarkets in Slovakia, ECM said on Monday.

[ID:nL04784046] [RTRS-REA-MRG-SK]

PRESS DIGEST

------------

LOWER INCOME TAX

Opposition deputies, led by ex-Finance Minister Ivan Miklos, has submitted a proposal to the parliament aiming to cut the income tax rate to 17 from 19 percent.

Pravda, page 19

DRUZHBA CAPACITY ATTENUATION

Russia will shut down the northern arm of Druzha pipeline, and redirect part of oil-supply to new pipeline to Primorsk. Some officials said this could eventually cause a rise in the price of oil.

Sme, page 1

For news on upcoming events in the United States and other Group of Seven countries, see . For a diary of forthcoming Slovak events, double click [SK/DIARY], and a calendar of east European economic indicators, see [CONV/DIARY].

News editor of the day: Alan Crosby, on +420 224 190 477; fax: +420 224 229 935

E-mail: editorial@reuters.sk

Reuters Messaging: martin.santa.reuters.com@reuters.net

For real-time index quotes, double click in brackets:

Warsaw WIG20 Budapest BUX Prague PX50 Other related news: Slovak equities [SK-E] E.Europe equities [.CEE] Slovak money [SK-M] Czech debt [CZ-D] Slovak Indicators [SK-ECI] Emerging forex [EMRG/FRX] Eastern European [EEU] All emerging markets [EMRG] Hot stocks [HOT] Stock markets [STX] Market debt news [DBT] Forex news [FRX] TOP NEWS -- Emerging markets [TOP/EMRG] TOP NEWS -- Convergence watch [TOP/EAST]

($1=25.24 Slovak Crown)