Czech Republic - Factors To Watch on Oct 17

...Republic: GMT + 2 hours) 
 
 ======================== ECONOMIC DATA ======================== 
    No economic indicators are due for release until Thursday's 
retail sales data for August . 
    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 ========================== 
    C.BANK KEEPS TIGHTENING BIAS: The Czech central bank (CNB) 
re-iterated its inflation concerns and warned against excessive 
wage rises next year, highlighting a tightening bias for policy. 
    Story: [nL16593266] Related news: [RTRS-LEN-CZ-CEN-PLCY] 
 
 =========================== EVENTS ============================ 
    C.BANKERS SPEAK: Czech central bank (CNB) board member Pavel 
Rezabek (0700 GMT) and European Central Bank (ECB) Governing 
Council Member Yves Mersch (0900 GMT) speak at a seminar on euro 
adoption. 
    Former Federal Reserve President Alan Greenspan speaks at a 
closed-door conference via a live satellite link at 1440 GMT. 
Czech central bank Vice-Governor Ludek Niedermayer speaks at 
1420 GMT. Media have no access to the venue. 
    Related news: [RTRS-LEN-CEN-PLCY] 
     
    BUDGET VOTE: The lower house of parliament is due to open a 
budget debate. A first reading vote on the 2008 state budget 
draft may take place sometime during the day. The coalition 
government has a wafer-thin majority thanks to two renegade 
leftist deputies who are expected to support its budget. 
    Related news: [RTRS-LEN-CZ-GVD] 
 
 ---------------------- MARKET SNAPSHOT ------------------------ 
 Index/Crown Currency  Latest    Prev    Pct change   Pct change 
                                 close   on day       in 2007 
 Czech Equities   1,886.3  1,908.3   -1.15        +18.72 
 vs Euro       27.537   27.570   +0.12         -0.13 
 vs Dollar        19.414   19.444   +0.11         +7.20 
 U.S. Equities    13,913   13,985   -0.51        +11.63 
 Pvs close or current levels vs prior domestic close at 1500 
 
 ==================== ELSEWHERE IN THE NEWS ==================== 
    UNIPETROL CLOSURE: Czech oil group Unipetrol  
will reopen its Litvinov refinery a few days later than 
originally planned after a six-week shutdown due to an outage in 
helium supplies, a spokesman said. 
    Story: [nL16219792] Related news: [RTRS-LEN-CZ-UNPEsp.PR] 
     
 
 ======================= PRESS DIGEST ========================== 
    CEZ MANAGER: Alan Svoboda, sales director at utility CEZ 
, resigned from the executive committee, which 
consists of roughly 20 of the firm's top managers. He kept his 
seat as sales director. Svoboda reacted to charges of insider 
trading. Svoboda, who rejects any wrongdoing, says he will ask 
for a preliminary hearing after which the court could halt the 
case or return it for further investigation. 
    Lidove Noviny, page 13 
 
 
 (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]