Slovakia - Factors To Watch on Dec 14

    Here are news stories, press 
reports and events to watch which may affect Slovak financial 
markets on Thursday. 
     
    MPS TO QUIZ GOVERNMENT 
    Government ministers will answers questions from deputies 
during a regular question hour in parliament. (1300 GMT) 
     
    OPPOSITION ON ENERGY REGULATION 
    The opposition party SDKU will hold a news conference on a 
new government draft law on energy market regulation. 
     
    CENTRAL BANK CHIEF SAYS CROWN RISE TOO FAST 
    Slovakia's crown currency has been rising too fast and 
reached levels not justified by economic fundamentals, central 
bank governor Ivan Sramko said on Wednesday. 
    [ID:nL13231005] [RTRS-CEN-PLCY-MMT-FRX-SK] 
     
    SLOVAK FINMIN SEES HIGH GROWTH COVERING SPENDING 
    The Slovak state budget deficit will not exceed target in 
2007 because higher-than-projected economic growth will generate 
the funds to cover a spending overshoot, Finance Minister Jan 
Pociatek said on Wednesday. 
    [ID:nL1315612] [RTRS-CEN-MCE-GVD-DBT-SK] 
     
    CROWN HITS RECORD HIGH OF 34.72 VS EURO 
    The Slovak crown hit an all-time high against the euro for a 
fifth straight session on Wednesday, extending its bullish run 
driven by record economic growth and investor appetite for 
emerging markets assets. 
    [ID:nL13131711] [RTRS-MMT-FRX-SK-LEN] 
     
    KIA MOTORS TO INVEST SKK 8.1 BLN IN SLOVAK PLANT 
    South Korea's Kia Motors will invest 8.1 billion crowns 
($308.8 million) into a new production unit to raise engine 
output capacity at its Slovak car factory, the Slovak Economy 
Ministry said on Wednesday. 
    [ID:nL13257679] [RTRS-INV-AUT-JOB-SK] 
     
    OCT RETAIL SALES +7.6 PCT YR/YR 
    Slovak retail sales rose by a real 7.6 percent year-on-year 
in October, slowing down from an 10.6 percent annual increase in 
September, data from the Slovak Statistics Office released on 
Wednesday showed. 
    [ID:nPRG000172] [RTRS-MCE-ECI-RET-SK-LEN] 
     
    OCT REAL AVERAGE IND WAGE +1.5 PCT Y/ 
    The real average industrial wage in Slovakia rose by 1.5 
percent year-on-year in October, compared with a revised 2.3 
percent annual rise in September, the Statistics Office said on 
Wednesday. 
    [ID:nL13827539] [RTRS-MCE-ECI-SK-LEN] 
     
    PRESS DIGEST 
    ------------ 
    ROAD TOLL SYSTEM 
    The parliament has parliament has cleared a law that will 
introduce the road toll system for vehicles over 3,5 tonnes from 
January 2009. 
    Pravda, page 11 
     
    GOVT APPROVES FDI INCENTIVES 
    The government of Robert Fico has approved an incentives 
package worth of 2.5 billion crowns ($95.31 million) for seven 
foreign direct investments, including South Korean car maker Kia 
Motors, car parts maker Visteon and car interior maker Johnson 
Controls. 
    Pravda, page 11 
     
    For an economic indicator diary for the euro zone, the ed 
States and other Group of Seven countries, see . For a 
diary of forthcoming Slovak events, double click [SK/DIARY], and 
for a calendar of east European economic indicators, see 
[CONV/DIARY]. 
     
    News editor of the day: Peter Laca on +421 2 5341 8402; fax: 
+421 2 5341 8403 
    E-mail: reuters@editorial.sk 
    Reuters Messaging: peter.laca.reuters.com@reuters.net 
     
 For real-time index quotes, double click in brackets: 
 Warsaw WIG20   Budapest BUX   Prague PX50  
 Other related news: 
 Slovak equities      [SK-E]  E.Europe equities           [.CEE] 
 Slovak money         [SK-M]  Czech debt                  [CZ-D] 
 Slovak Indicators  [SK-ECI]  Emerging forex          [EMRG/FRX] 
 Eastern European     [EEU]   All emerging markets        [EMRG] 
 Hot stocks           [HOT]   Stock markets                [STX] 
 Market debt news     [DBT]   Forex news                   [FRX] 
 TOP NEWS -- Emerging markets                         [TOP/EMRG] 
 TOP NEWS -- Convergence watch                        [TOP/EAST] 
 ((Bratislava Newsroom; Email: editorial@reuters.sk; 
+421-905-602-847)) 
 ($1=26.73 Slovak Crown) 
 ($1=26.23 Slovak Crown) 
  

[BRATISLAVA/Reuters/Finance.cz]