Czech Republic - Factors To Watch on Sept 12

...ALL TIMES GMT (Czech Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    July current account balance due out at 0800 GMT. 
    Real-time economic data releases.................... 
    Reuters poll on econ data........................ 
     
====================== IN THE NEWS ============================= 
    GOVERNMENT MEETS: The government meets to discuss the 2008 
budget draft and a hold preliminary discussion on the 
privatisation of Czech Airlines. 
    Related news: [RTRS-LEN-CZ-POL] 
     
    ORCO NEWS CONFERENCE: Developer Orco Property Group 
  holds a news conference to discuss first 
half results (1300). 
    Related news: [RTRS-LEN-CZ-REA] 
     
    MORE CARS: Czech car maker Skoda Auto, a unit of Germany's 
Volkswagen AG  has raised its output forecast to 1 
million cars in 2010 from earlier reported 800,000, news agency 
CTK said on Tuesday. 
    Story: [ID:nL11886632] 
    Related news: [RTRS-LEN-CZ-AUT] 
     
    IPO: Czech natural gas drilling firm Eriell Corporation is 
considering an initial public offering worth $30-50 million in 
London and possibly Moscow, a manager at the firm said on 
Tuesday. 
    Story: [ID:nL11154811] 
    Related news: [RTRS-LEN-CZ-IPO] 
     
    INFLATION SPREADS: A long-expected food price shock finally 
showed up in east European inflation data in August and will 
keep central banks on high alert to act quickly to contain it. 
    Story: [ID:nL11496341] 
    Related news: [RTRS-LEN-EEU-MCE] 
     
     LABOUR SHORTAGE: A shortage of skilled labour is 
threatening to stunt the economic growth of several east 
European countries which have seen their cost competitiveness 
eroded as wages rise and workers flood western Europe. 
    Story: [ID:nL06931047] 
    Related news: [RTRS-LEN-EEU-MCE] 
     
    ZENTIVA UPGRADE: UniCredit Global research raised its 
recommendation on shares in Czech generic drugs maker Zentiva 
 to "buy" from "hold". 
    Story: [ID:nL11573106] 
    Related news: [RTRS-LEN-CZ-RCH] 
     
=======================PRESS DIGEST============================= 
    Privately-owned Czech Snowhill is buying a skiing resort in 
Romania's Brasov. It plans to invest at least 500 million crowns 
($25.06 million) into the acquisition and upgrades. 
    Hospodarske Noviny, page 1. 
     
    Telefonica O2 Czech Republic has bought a 100 percent stake 
in software firm Deltax Systems. 
    Hospodarske Noviny, page 19. 
     
    Political parties are negotiating to find an alternative 
presidential candidate to Vaclav Klaus. Social Democrat chief 
Jiri Paroubek said academic Vaclav Paces would be a good 
candidate. The centrist Christian Democrats may propose Senator 
Petr Pithart. Klaus is likely to win reelection in the vote 
expected early next year. 
    Mlada fronta Dnes, page 2. 
     
 (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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 For summary of economic data and forecasts           
 For diary of forthcoming Czech events                [CZ/DIARY] 
 For calendar of east European economic indicators  [CONV/DIARY] 
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