Czech Republic - Factors To Watch on July 11

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

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

June inflation and unemployment data due out at 0700 GMT. Inflation expected at 0.3 pct m/m and 2.5 pct y/y, unemployment seen at 6.3 pct.

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

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

CENTRAL BANK MINUTES

Czech central bankers agreed at their June 28 meeting that inflation risks have risen over the past few months, according to the meeting's minutes which bolstered the market's view that interest rates could rise later this month.

Story: [ID:nL10648783]

Full text of minutes: [ID:nL10557119]

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

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

EU CALLS FOR TIGHTER BUDGET

EU finance ministers told the Czech Republic to tighten its fiscal policies, saying the country was not on track to cut its budget deficit to below the bloc's cap in 2008 as agreed.

Story: [ID:nL09902742] Related news: [RTRS-LEN-CZ-GVD]

TAX CUTS

Radical tax cuts proposed by a faction within the right-wing Civic Democrat Party would lower state revenues by 68 billion crowns next year compared with the government's owned fiscal reform plan, Finance Minister Miroslav Kalousek said.

Hospodarske Noviny, page 3

GOVERNMENT MEETS

The cabinet will hold a regular meeting. News conference at 1200.

SKODA PICKS NEW CHIEF

Skoda Auto, the Czech unit of German car maker Volkswagen AG , appointed VW brand production boss Reinhard Jung as Skoda chairman on Tuesday to replace outgoing Detlef Wittig.

Skoda said the 56-year old Jung will take over on October 1, when Wittig will quit due to reaching the age of 65.

Story: [ID:nL10925101]

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

(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/