Czech Republic - Factors To Watch on Aug 31

...GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    July money supply  is due for release at 0800. No 
consensus forecast is available. 
    Real-time economic data releases.................... 
 
 -------------------- RELEASED INDICATORS ---------------------- 
    The average nominal Czech wage rose by 7.4 percent 
year-on-year in the second quarter. 
    Table: [nPRA001462] 
    Previous stories on Czech data............[CZ-RTRS-LEN-ECI] 
    Overview of economic data and forecasts......... 
 
 ========================== TOP STORY ========================== 
    RATES RISE TO 5-YEAR HIGH: The central bank raised key 
interest rates by a quarter of a percentage point on Thursday to 
their highest level in five years, and stuck to the outlook for 
tighter policy to curb resurgent inflation. 
    Story: [nL30781459] Related news: [RTRS-LEN-CZ-CEN-INT] 
    Highlights of Governor's news conference: [nL30851119] 
                                             
 ==================== ELSEWHERE IN THE NEWS ==================== 
    CEZ  IN TIE-UP WITH MOL: Power utility CEZ and 
Hungary's oil and gas group MOL  agreed to form a 
strategic alliance under which CEZ may buy up to 10 percent in 
the Hungarian firm. 
    Story: [nL30856283] Related news: [RTRS-LEN-CZ-CEZPsp.PR] 
     
    ORCO  : Real estate developer Orco 
Property Group said its first-half net profit had doubled, 
beating market forecasts. 
    Story: [nL30707697] Related news: [RTRS-LEN-CZ-ORCOsp.PR] 
     
    PEGAS NONWOVENS : Artificial textile maker Pegas 
Nonwovens posted a sharp fall in first-half net profit to 2.656 
million euros from 10.64 million euros a year ago. 
    Story: [nPRG000476] Related news: [RTRS-LEN-CZ-PGSNsp.PR] 
     
    CME : Ukrainian businessman Igor Kolomoisky paid 
$110 million for a roughly 3 percent stake in media group 
Central European Media Enterprises   (CME). 
    Story: [nPRA001466] Related news: [RTRS-LEN-CZ-CETVsp.PR] 
     
    GAS PRICES: Natural gas prices for Czech households will 
rise 4.8 percent in October, the main gas firm RWE Transgas 
. 
    Story: [nL30620922] Related news: [RTRS-LEN-CZ-RWEG.DE] 
 
 ======================= PRESS DIGEST ========================== 
    PENSIONS: Labor and Social Affairs Minister Petr Necas is 
proposing an average of 346 crown, or 3.95 percent, rise in 
monthly pensions from January 2008. This will cost the state 
budget 11.3 billion crowns ($557.7 million). 
    Hospodarske Noviny, page 1 
     
     
 (Reuters has not verified any of the newspaper reports that may 
be quoted above and does not vouch for their accuracy.) 
 
 
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  Keywords: CZECH FACTORS/ 
    

[PRAGUE/Reuters/Finance.cz]