Czech Republic - Factors To Watch on Aug 7

...Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    June foreign trade  is due for release at 0700. 
Analysts polled by Reuters forecast a 9.5 billion crown monthly 
surplus following a 6.9 billion crown surplus in May. 
    June foreign exchange reserves are due out at 0800. No 
consensus forecast is available. 
     
    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 ========================== 
    ZENTIVA : Generic drugmaker Zentiva  
reported a 6.8 percent drop in first-half net profit while 
forecasting an improvement for the second half, helping its 
share price regain some ground after a sharp fall. 
    Story: [nL06351527] Related news: [RTRS-LEN-CZ-ZNTVsp.PR] 
 
 =========================== EVENTS ============================ 
    CHARGES AGAINST DEPUTY PM: State prosecutors have dropped an 
investigation into alleged bribe-taking against Czech Deputy 
Prime Minister Jiri Cunek, local media reported. State 
prosecutor Arif Salichov was not immediately available to 
confirm the report, his office said he has called a news 
conference for Tuesday morning. 
    Story: [nL06766177] Related news: [RTRS-LEN-CZ-POL] 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 PX Index        1,755.2  1,772.3   -0.96        +10.47 
 vs Euro      28.085   28.075   -0.04         -2.08 
 vs Dollar       20.318   20.340   +0.10         +2.47 
 Pvs close or current levels vs prior domestic close at 1500 
 --------------------------------------------------------------- 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    TEMELIN: Temelin, the Czech Republic's biggest power 
station, shut down its 1,000 megawatt Unit 1 over the weekend as 
planned for two months of maintenance. 
    Story: [nL06186559] Related news: [RTRS-LEN-CZ-NUC] 
     
    KOMERCNI BANKA : ING has raised its 12-month 
target price on shares in lender Komercni Banka  to 
4,000 crowns from 3,500 crowns and maintained its "buy" rating. 
    Story: [nL06286368] Related news: [RTRS-LEN-CZ-BKOMsp.PR] 
     
    FORMER FOREIGN MINISTER FOR PRESIDENT: Former Foreign 
Minister Josef Zieleniec, currently a member of the European 
Parliament, wants to run for president next year. 
    Lidove Noviny, page 1 
     
    EUROBOND: State-owned Czech Export Bank (CEB) has set 
guidance on a 50 million euro bond, due Aug. 13 2012, it plans 
to sell, lead manager Dexia Capital Markets said. 
    Story: [nL06313967] Related news: [RTRS-LEN-CZ-EUB] 
     
    INFLATION TO PICK UP: Consumer inflation, due out on 
Wednesday, is likely to have quickened to its fastest pace in 10 
months in July, a Reuters poll showed, reinforcing the case for 
higher interest rates in the months to come. 
    Story: [ID:nL01772578] Table: [ID:nL01756798] 
    Previous polls on economic indicator releases: [POLL/CZ] 
 
 
 (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          
 
 For real-time stock market index quotes click in brackets: 
 Warsaw WIG20   Budapest BUX   Prague PX  
 
    News editor of the day: Alan Crosby on +420 224 190 477; 
fax: +420 224 229 935 
    E-mail: prague.newsroom@reuters.com 
    Reuters Messaging: alan.crosby.reuters.com@reuters.net 
 
 

[PRAGUE/Reuters/Finance.cz]