Czech Republic - Factors To Watch on Aug 13

...GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    June industrial  and construction output 
 numbers are due for release at 0700. Analysts 
polled by Reuters forecast a 7.8 percent year-on-year rise in 
industrial output after 7.5 percent growth in the prior month. 
    June current account data  are due out at 0800. 
The consensus market forecast is for a 20 billion crown ($974.6 
million) deficit following a 5.4 billion gap a month earlier. 
    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 ========================== 
    WEATHERING SUBPRIME STORM: Emerging European markets should 
weather the credit crisis storm sweeping across the world due to 
their limited exposure to the U.S. subprime mortgage market and 
strong local economies. 
    Story: [nL10918456] Related news: [RTRS-LEN-EEU-FRX] 
 
 =========================== EVENTS ============================ 
    UNIPETROL: Oil group Unipetrol  is expected to 
post a 19 percent increase in net profit in the second quarter, 
fuelled by favourable conditions in both the petrochemical and 
refining markets. 
    The earnings release is due before the market opens for 
trading at 0730. 
    Story: [ID:nL09135889] Related news: [RTRS-LEN-CZ-UNPEsp.PR] 
     
    TALKS ON FISCAL REFORMS: Leaders of ruling coalition parties 
meet to hammer out a compromise amendment to the government's 
fiscal reform aiming to overhaul taxes and cut public spending. 
    Prime Minister Mirek Topolanek told the daily Mlada fronta 
Dnes in an interview he expected the parliament to pass the 
reform bill. 
    Mlada fronta Dnes, page A2 
    Debate in second out of three required readings is due to 
open on Aug. 14. 
    Related story: [ID:nL08249488] 
    FACTBOX on proposed measures: [ID:nL07797331] 
    Related news: [RTRS-LEN-CZ-POL-GVD] 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 PX Index        1,750.6  1,774.6   -1.35        +10.18 
 vs Euro      28.038   28.055   +0.06         -1.92 
 vs Dollar       20.468   20.457   -0.11         +1.67 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    DOVISH C.BANKER AGAINST RATE HIKE: The central bank (CNB) 
has little reason to rush with a further rise to the lowest 
interest rates in the European Union, CNB policymaker Robert 
Holman was quoted as saying in an interview. 
    Story: [ID:nL10690210] Related news: [RTRS-LEN-CZ-CEN-PLCY] 
     
    RULING PARTY MAINTAINS LEAD: The rightist Civic Democratic 
Party (ODS) of Prime Minister Mirek Topolanek remains slightly 
ahead of the leftist opposition Social Democrats (CSSD), an 
opinion poll showed. 
    Story: [ID:nL10751729] Relates news: [RTRS-LEN-CZ-POL] 
     
    CSOB ON PROVISIONING: Bank CSOB, a unit of Belgium's KBC 
Group , sees no reason to create provisions against a 
$1.3 billion arbitration dispute with the Czech state, CSOB 
said. 
    Story: [ID:nL10662520] Related news: [RTRS-LEN-CZ-KBC.BR] 
     
 
 
 (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]