Czech Republic - Factors To Watch on June 12

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ALL TIMES GMT (Czech Republic: GMT + 2 hours)

======================== ECONOMIC DATA ========================

* April industrial output due out at 0700. The median consensus forecast is for a 13.5 percent annual rise after 12.7 percent growth a month earlier.

* April construction output also due at 0700.

Real-time economic data releases...................

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

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

Updates on Czech currency............................[CZK/]

========================== TOP STORY ==========================

BUDGET DRAFT

The government approved a first draft of the central state budget for 2008 with a lower deficit than this year's plan after taking into account reform steps that have yet to win parliamentary backing.

Story: [nL11717137]

Factbox on fiscal reform proposals: [ID:nL07797331]

Related news: [RTRS-LEN-CZ-GVD-POL]

==================== ELSEWHERE IN THE NEWS ====================

FINANCIAL STABILITY REPORT

The central bank (CNB) releases its annual Financial Stability Report at 0800.

Vice-Governor Miroslav Singer and board member Robert Holman speak at a news conference at 0930 to present the report.

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

BOND COUPON

The Czech Finance Ministry has set the coupon for the new 15-year government bond at 4.70 percent per annum.

Story: [nPRA001342]

Related news: [RTRS-LEN-CZ-GVD-ISU]

(Reuters has not verified any of the newspaper reports that may be quoted above and does not vouch for their accuracy.)

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

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Keywords: CZECH FACTORS/