Slovakia - Factors To Watch on June 12

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FICO MEETS BLAIR IN LONDON

Prime Minister Robert Fico will meet British Prime Minister Tony Blair in London.

REPO TENDER

The central bank will hold its regular two-week repo tender to drain crown liquidity from the money market.

PRESIDENTS MEETS CAR OFFICIALS

President Ivan Gasparovic will meet representatives of Slovakia's car industry, 1200 GMT.

TRADE GAP SHRINKS IN APRIL, MAY CPI DOWN

Slovak inflation and trade data released on Monday showed a buoyant economy with few price pressures to prompt the central bank to touch policy in the near term.

[ID:nL11649523] [RTRS-MCE-ECI-SK]

FOREIGN TRADE GAP SHRINKS IN APRIL

Slovakia's foreign trade balance showed a deficit of 1.166 billion crowns ($45.55 million) in April, compared with a revised gap of 3.73 billion crowns in March, the Statistics Office said on Monday.

[ID:nL11663635] [RTRS-TRD-ECI-MCE-SK]

MAY CPI TOUCH BELOW FORECASTS

Slovak consumer prices were flat month-on-month in May, putting the annual inflation rate at 2.3 percent, the Slovak Statistics Office said on Monday.

[ID:nL11245941] [RTRS-MCE-ECI-SK]

CROWN RECOVERS FROM 3-MO LOWS, SEEN EDGY

The Slovak crown recouped some of its recent losses against the euro on Monday, rebounding from a three-month low but dealers said weakening pressures remain.

[ID:nL11223942] [RTRS-MMT-FRX-SK]

SLOVAKIA REJECTS ALL BIDS IN AUCTION OF 12-YR BOND

Slovakia rejected all bids in an auction of 12-year, 5.3/18 percent state bonds on Monday, the Finance Ministry's Debt and Liquidity Management Agency said.

[ID:nL11672011] [RTRS-ISU-GVD-DBT-SK]

PRESS DIGEST

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CROWN MEASURES APPROPRIATE, ECB SAYS

European Central Bank President Jean-Claude Trichet told the European Parliament that Slovakia's measures on crown moves were appropriate, adding that he expected the ERM-2 system to work properly.

Hospodarske Noviny, page 1

AUSTRIA QUESTIONS SCHNENGEN ENLARGEMENT DATE

Austria's Interior Minister Gunter Platter said it was not clear whether the EU's Schengen borderless area will be enlarged on January 1, 2008 as currently anticipated.

Sme, page 1

EURO ADOPTION

Slovak companies are underestimating preparations for euro adoption in 2009, the Business Alliance of Slovakia said.

Sme, page 6

DEPUTIES IMMUNITY

The ruling coalition will propose abolition of immunity of members of parliament.

Pravda, 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: Peter Laca, on +421 2 5341 8402; fax: +421 2 5341 8403

E-mail: editorial@reuters.sk

Reuters Messaging: peter.laca.reuters.com@reuters.net

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