Slovakia - Factors To Watch on July 31

...    
    RATE MEETING 
    The central bank will hold the monthly monetary policy 
meeting. The market expects the key two-week repo rate to stay 
at 4.25 percent. Rate decision is expected between 11.15 a.m.-1 
p.m. (0915-1100 GMT) 
     
    ECONOMIC FORECASTS 
    The central bank will publish the quarterly update of 
economic forecasts. 
     
    REPO TENDER 
    The central bank will regular two-week repo tender to drain 
liquidity from the money market. 
     
    CROWN DOWN ON GLOBAL MOOD BEFORE CBANK MEET 
    The Slovak crown weakened against the euro on Monday as risk 
aversion persisted on emerging markets and dealers said global 
sentiment will outweigh a central bank rate meeting this week as 
the main driving factor. 
    [ID:nL3045903] [RTRS-FRX-CEN-SK] 
 
    PRESS DIGEST 
    ------------ 
    MINIMUM WAGE TO RISE 
    The government, the trade unions and employers have agreed 
to raise the minimum wage by 500 crowns to 8,100 crowns as of 
October. The minimum wage, which is the base for social 
contributions paid by individual entrepreneurs, should be 
renegotiated at the start every year. 
    Hospodarske Noviny, page 1 
     
    PENSION ERRORS 
    The central bank does not agree with social affairs 
ministry's calculations, according to which the planned changes 
to the pension system should have a total positive fiscal impact 
of 11 billion crowns annually. 
    Sme, page 6 
     
    JUSTICE FINANCES 
    The justice ministry plans to reopen seven courts, but the 
finance ministry refuses to free the 270 million crowns needed 
for the plan. 
    Sme, page 2 
     
    CHEAPER EURO LOANS 
    Euro adoption could bring cheaper loans and mortgages for 
people, although the change was unlikely happen immediately, 
analysts say. 
    Pravda, page 18 
     
    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=24.24 Slovak Crown)