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ALL TIMES GMT (Czech Republic: GMT + 2 hours)
========================== TOP STORY ==========================
FISCAL REFORMS: The parliament ended Wednesday's session without taking a first reading vote on the government's tax and social reform package, but will resume the discussion on Thursday.
Story: [nL06750875]
Factbox on reform proposals: [ID:nL23359860]
Related news: [RTRS-LEN-CZ-GVD-POL]
======================== ECONOMIC DATA ========================
* First quarter CURRENT ACCOUNT BALANCE due out at 0800 GMT. No consensus forecast available.
* May foreign exchange reserves at 0800 GMT. No consensus forecast available.
* Revised 2004-2006 gross domestic product (GDP) statistics at 0800 GMT.
Real-time economic indicators......................
FOREIGN TRADE: The foreign trade balance posted a slightly bigger than expected 3.0 billion crown ($142.8 million) surplus in April, ending in the black in that month for the first time in 13 years following a 1.4 billion shortfall in April 2006.
Instant View: [nL06479683]
Tables: [nPRA001330] [nL0623741]
Previous stories on Czech data............[CZ-RTRS-LEN-ECI]
Overview of economic data and forecasts.........
Updates on Czech currency............................[CZK/]
==================== OTHERS EVENTS, STORIES ===================
C.BANK NON-POLICY MEETING: The central bank governing board to hold a regular weekly meeting but is not scheduled to discuss monetary policy issues.
BOND AUCTION: The 10-year government bond sale attracted unexpectedly hefty demand from investors on Wednesday, sparking a mild recovery in the domestic debt market after this month's deep losses.
Story: [nL06920230]
Auction details and results:
Related news: [RTRS-LEN-CZ-GVD-ISU]
CEZ BIDS IN BULGARY: Power producer CEZ and other firms have filed bids to buy up to 49 percent of a 2,000-megawatt nuclear power plant that Bulgaria is building.
Stories: [nL06158271] [nL06890235]
Related news: [RTRS-LEN-CZ-CEZPsp.PR]
CEZ is also considering investing in Russian utility TGK-4, which owns 28 power plants and 7 heating plants, writes the daily Hospodarske Noviny. A decision about the investment should be made by the end of this year.
ZENTIVA DIVIDEND, SHARE BUYBACK: Generic drugs maker Zentiva will pay a dividend of 11.50 crowns ($0.547) per share on 2006 profits to shareholders registered as of July 4. Zentiva may buy back up to 10 percent of its own shares within the next 18 months at a price of up to 2,000 crowns per share.
Stories: [nPRA001333] [nL06922464]
Related news: [RTRS-LEN-CZ-ZNTVsp.PR]
ECM SELLS PROPERTY PROJECT: ECM Real Estate Investments has sold the City Deco project to Austrian investment firm CA Immo International for roughly EUR 47.3 mln, writes Hospodarske Noviny. The transaction should close in June 2009.
POLITICS: Foreign Minister Karel Schwarzenberg has threatened to resign if police charge Deputy Prime Minister and Christian Democrat Chairman Jiri Cunek with corruption but he keeps his government seat, writes the daily Pravo.
(Reuters has not verified any of the newspaper reports that may be quoted above and does not vouch for their accuracy.)
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Keywords: CZECH FACTORS/