Czech Republic - Factors To Watch on Aug 15

...Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    No economic data are due for release on Wednesday. Next in 
line are June retail sales  on Friday. 
    Real-time economic data releases.................... 
 
 -------------------- RELEASED INDICATORS ---------------------- 
    PPI: Industrial producer prices  rose by a 
slower-than-expected 0.2 percent in July from June, causing the 
annual rate of growth in factory gate costs to ebb to 4.1 
percent from a 2-year high of 4.6 percent the previous month. 
    Instant View: [nL14546505] 
    Previous stories on Czech data.............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts.......... 
    Updates on Czech currency.............................[CZK/] 
 
 ========================== TOP STORY ========================== 
    FISCAL REFORMS: Leaders of the Czech centre-right coalition 
agreed on Tuesday on a flat 15 percent personal income tax and 
other fiscal measures to satisfy backbenchers who had threatened 
to sink the reform package in a parliamentary vote. 
    Story: [nL14825484] Related news: [RTRS-LEN-CZ-POL-GVD] 
    FACTBOX on proposed measures: [ID:nL07797331] 
    One rebel deputy from Christian Democrats, junior partners 
in the ruling coalition, told local media he still objected to a 
plan included in the compromise coalition proposal to make 
patients pay for seeing a doctor. 
    But Prime Minister Mirek Topolanek said he expected the two 
renegade opposition deputies to support the government again and 
help it must a majority in the final vote seen late this week or 
next. 
 
 =========================== EVENTS ============================ 
    CEZ : Power firm CEZ releases H1 results. Net 
profit is expected to rise by 21.6 percent in the second quarter 
on higher electricity prices and acquisitions, which compensated 
for slowing growth in domestic demand. 
    Story: [ID:nL13743170] Related news:[RTRS-LEN-CZ-CEZPsp.PR] 
    News conference with Deputy CEO Daniel Benes and CFO Petr 
Voboril at 0730. Conference call with investors at 1130. 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 PX Index        1,775.1  1,783.6   -0.48        +11.72 
 vs Euro      27.942   27.970   +0.10         -1.58 
 vs Dollar       20.707   20.594   -0.60         +0.49 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    SPLIT ON C.BANK BOARD: Central bank (CNB) policymaker Pavel 
Rezabek highlighted a split on the CNB's board, saying some 
members consider sustaining both price stability and economic 
growth when discussing interest rate rises. 
    Story: [nL14380165] Related news: [RTRS-LEN-CZ-CEN-PLCY] 
     
    ZENTIVA : Raiffeisenbank has cut its price target 
for generic drugs maker Zentiva  to 1,442 crowns from 
1,654, while maintaining its 'buy' recommendation on the stock. 
    Story: [nL06341888] Related news: [RTRS-LEN-CZ-ZNTVsp.PR] 
     
     
 
 
 (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]