Czech Republic - Factors To Watch on Oct 8

...GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    Czech September inflation and unemployment data as well as 
August foreign trade data due out at 0700 GMT. 
    Third-quarter government debt duaration data due out at 0800 
GMT. 
    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 ========================== 
    CROWN STRENGTH: The strong Czech crown is a strong force in 
dampening inflation in the robust economy, central bank (CNB) 
policymakers agreed at their Sept. 27 session, bolstering the 
case for at least a brief pause in policy tightening. 
    Related story: [nL5533999] Related news: [RTRS-LEN-CZ-PLCY] 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Crown Currency       Latest   Prev      Pct change   Pct change 
                               close     on day       in 2007 
 vs Euro     27.560   27.550    -0.04         -0.22 
 vs Dollar      19.456   19.474    -0.06         +6.85 
  
 ======================= PRESS DIGEST ========================== 
    NEW MINISTER NOMINEE: The Green Party nominated Dusan Luzny 
as the candidate to become Education Minister, following the 
resignation of Dana Kuchtova. The nomination came after a stormy 
debate and the result is a victory for opposers of party 
chairman Martin Bursik, who had threatened to demand that the 
party leaves the ruling coalition if they have no way. The 
nomination will still be discussed by the party's parliamentary 
caucus. 
    Mlada fronta Dnes, page 2. 
     
    SAVINGS: The central bank would welcome a reduction in the 
state subsidies for private savings in building and loans 
societies, Vice-Governor Miroslav Singer said. But Finance 
Minister Miroslav Kalousek said he would not submit any change 
before the end of 2008. The ministry is working on some other 
changes, including a possible end to the tax-deductibility of 
interest payments on mortgages. 
    Hospodarske Noviny, page 1. 
     
    EVENTUAL IRAQ WITHDRAWAL: The Czechs may in the coming years 
gradually pull out several dozen of their soldiers that are 
guarding a British base in Basra. Several experts training Iraqi 
forces under a NATO command in Baghdad may stay. No troop 
reduction is expected in 2008. 
    Hospodarske Noviny, page 2. 
     
    RADAR NOT DANGEROUS: A group of Czech experts determined 
that a planned U.S. radar would emit less electromagnetic waves 
than a mobile telephone next to a person's ear. 
    Hospodarske Noviny, page 5. 
     
    RECORD ART AUCTION: Frantisek Kupka's abstract painting 
Elevation IV sold for 22.1 million crowns ($1.13 million) on the 
weekend, the highest price ever paid at a Czech auction. 
    Mlada fronta Dnes, 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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 ($1=19.52 Czech Crown) 
  Keywords: CZECH FACTORS/ 
    

[PRAGUE/Reuters/Finance.cz]