Czech Republic - Factors To Watch on Sept 19

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ALL TIMES GMT (Czech Republic: GMT + 2 hours)

======================== ECONOMIC DATA ========================

No economic data are due for release until second-quarter foreign debt on Sept. 27.

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 ==========================

UNIPETROL STAKE SALE: Privately owned Czech oil and gas firm KKCG has sold a 6 percent stake in oil processing group Unipetrol , KKCG spokesman Daniel Plovajko said.

Story: [nL18800872] Related news: [RTRS-LEN-CZ-UNPEsp.PR]

=========================== EVENTS ============================ BUDGET DRAFT: The cabinet meets in a regular weekly session to discuss a 2008 budget draft which aims to cut the overall public finance deficit to 2.95 percent of GDP. News conference is expected to be called in the afternoon.

Related stories: [ID:nL12928510] [ID:nL03397455]

Related news: [RTRS-LEN-CZ-GVD]

FISCAL REFORM DEBATE: The Senate, the parliament's upper house, is expected to discuss a public finance reform bill.

Related stories: [ID:nL2138103] [ID:nL21731283]

BOND AUCTION: The finance ministry offers a tranche re-opening the 10-year government bond at an auction.

For auction details and results, click on .

Related news: [RTRS-LEN-CZ-GVD-ISU]

C.BANK IN NON-POLICY MEETING: The central bank's governing board holds a regular weekly meeting. It is not scheduled to discuss monetary policy issues.

Related news: [RTRS-LEN-CZ-CEN]

---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency Latest Prev Pct change Pct change

close on day in 2007 PX Index 1,750.8 1,747.8 +0.17 +10.19 vs Euro 27.455 27.465 +0.04 +0.16 vs Dollar 19.638 19.769 +0.63 +5.98 Pvs close or current levels vs prior domestic close at 1500

======================= PRESS DIGEST ==========================

NEW BUDGET AIRLINE: State-owned Czech Airlines (CSA) is launching its own budget airline Click4Sky.com to head off rising competition of low-cost carriers. CSA will fly to 36 European cities and Egypt's Cairo under the new budget brand.

Mlada fronta Dnes, page A12

==================== ELSEWHERE IN THE NEWS ====================

SELECTION OF IMF CHIEF: Former Czech central banker Josef Tosovsky, one of two nominees being considered to lead the International Monetary Fund, on Tuesday was interviewed by the IMF board, which hopes to elect a new IMF chief by the end of the month.

Story: [nN18435221] Related news: [RTRS-LEN-CZECH-IMF]

(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

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Keywords: CZECH FACTORS/