Slovakia - Factors To Watch on July 25

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    CBANK TAKES ALL BIDS IN REPO TENDER 
    The Slovak central bank (NBS) accepted all bids in a regular 
two-week repo tender on Tuesday. Some investors had feared the 
bank might reject part of the bids as a measure to stem crown 
firming, and the unit firmed slightly after the auction. 
    [ID:nL24451175] [RTRS-FRX-INT-SK] 
     
    PRESS DIGEST 
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    PM TO EXAMINE STOCK EXCHANGE DEAL 
    Prime Minister Robert Fico will examine a deal in which the 
state privatisation agency is to raise its stake in the 
Bratislava Stock Exchange. Analysts and the opposition said the 
transaction was a waste of money as the state already controls 
the stock exchange. 
    Sme, page 1 
     
    PENSION CHANGES 
    The Social Affairs Ministry will propose a draft law 
changing the pension system in order to raise state revenues and 
cut spending. The proposed changes will include an option to 
leave the private pension scheme and return to the pay-as-you-go 
system, and hikes in payroll taxes for highest earners. 
    Sme, page 7 
     
    BUDGET PREPARATION 
    The finance ministry has kicked off the formal process of 
2008 state budget preparations. The finance ministry will now 
negotiate with other ministries and state-run institutions their 
financial allocations for next year. 
    Hospodarske Noviny, page 3 
     
    AIRPORT TROUBLES 
    The Bratislava airport, Slovakia's largest, may fail to meet 
its full year passengers target in 2008. The transportation 
ministry had planned a 20 percent annual passengers increase 
this year, while the number of travellers have so far only 
matched last year's numbers. 
    Pravda, page 17 
     
    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 
     
    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=24.04 Slovak Crown)