Slovakia - Factors To Watch on Sept 11

...    
    AUGUST INFLATION DATA 
    The Statistics Office will release August headline and core 
inflation data, 0700 GMT. Analysts forecast consumer prices to 
have fallen by 0.1 percent on the month in August, for an annual 
rate of 2.2 percent. 
    Core inflation rate was seen falling by 0.1 percent 
month-on-month, putting the annual rate at 2.4 percent. 
     
    JULY FOREIGN TRADE 
    The Statistics Office will release July foreign trade data, 
0700 GMT. Analysts forecast foreign trade gap of 2.1 billion 
crowns in July. 
     
    REPO TENDER 
    The central bank will hold a regular two-week repo tender to 
drain money market liquidity. 
     
    PARLIAMENT SESSION 
    Parliament starts its regular monthly session, 0700 GMT. It 
is expected to debate changes to the pension system, proposed by 
the Social Affairs Ministry later this month. 
     
    INACTION ON PENSIONS MAY JEOPARDISE EURO-SLOVAK PM 
    Slovakia's prime minister said on Monday euro adoption could 
be threatened if funds are not diverted from private pension 
funds back into the public pay-as-you-go system. 
    [ID:nL10785260] [RTRS-HEA-POL-FUND-SK] 
     
    JULY RETAIL SALES +5.9 PCT Y/Y 
    Slovak retail sales rose by a real 5.9 percent year-on-year 
in July, slowing down from a 7.5 percent increase in June, the 
Slovak Statistics Office said on Monday. 
    [ID:nPRG000492] [RTRS-RET-MCE-ECI-SK] 
     
    JULY REAL AVERAGE IND WAGE +3.5 PCT Y/Y 
    The real average industrial wage in Slovakia rose by 3.5 
percent year-on-year in July, compared with a revised 1.7 
percent rise in June, the Statistics Office said on Monday. 
    [ID:nL10882571] [RTRS-MCE-ECI-SK] 
     
    PRESS DIGEST 
    ------------ 
    PAYROLL TAXES 
    Analysts warn that the government's policies of higher 
payroll taxes and social transfers could threaten state budget 
revenues as higher income earners could seek ways to lower their 
contributions. 
    Sme, page 6 
     
    BENES DECREES 
    Slovakia's ruling coalition leaders rejected a proposal by 
the ethnic-Hungarian party SMK that the country should apologise 
to Hungary for expulsion of Hungarians after the World War II 
under the so called Benes decrees. 
    Sme, page 3 
     
    TELEFONICA O2 SLOVAKIA NETWORK 
    Telefonica O2 Slovakia , the country's third largest 
cell phone operator, has launched 500 base stations and keeps 
boosting its network capacity. 
    Hospodarske Noviny, page 13 
     
    HIGHWAYS FINANCING 
    Dexia Bank , Britain's John Laing and Germany's 
Hochtief  are interested in financing Slovakia's 
planned highways construction. 
    Hospodarske Noviny, page 1 
     
    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: Martin Dokoupil on +421 2 5341 8402; 
fax: +421 2 5341 8403 
    E-mail: editorial@reuters.sk 
    Reuters Messaging: martin.dokoupil.reuters.com@reuters.net 
     
    For real-time index quotes, double click in brackets: 
    Warsaw WIG20   Budapest BUX   Prague PX50 
 
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