Czech Republic - Factors To Watch on Nov 23

PRAGUE, Nov 23 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Thursday:

GOVT TALKS

Rightist Prime Minister Mirek Topolanek has launched talks on forming a government to end a five months long parliamentary stalemate and move the EU member toward early elections.

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Topolanek's Civic Democrats (ODS) meet leaders of the Green Party (SZ) at 9 a.m. (0800 GMT), Christian Democrat (KDU-CSL) leaders at 10:30 a.m. (0930 GMT), and leaders of the leftist Social Democrats (CSSD) at 12:30 p.m. (1130 GMT).

- For most recent news on Czech politics, double click on [RTRS-LEN-CZ-POL].

ORCO RESULTS DISAPPOINT

Luxembourg-based Orco Property Group <ORCO.PA> <ORCOsp.PR> said its third quarter net profit and total revenues were well below market expectations, in part due to lower-than-forecast asset revaluations.

[nL22105622] [nL21547304] [RTRS-LEN-CZ-ORCO.PA]

C.BANK TALK

The central bank (CNB) is not very likely to raise interest rates at the Nov. 30 meeting, as inflation has fallen and there is no pressure for additional tightening, CNB policymaker Robert Holman told Reuters.

[nL22887513] [RTRS-LEN-CZ-CEN-PLCY]

Fellow board member Jan Frait was quoted as saying a euro zone interest rate rise, widely foreseen in December, would create room for higher borrowing costs in the Czech Republic, but no fast rate hike series is on the cards.

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The CNB's governing board holds a regular weekly meeting on Thursday but it is not scheduled to discuss monetary policy issues.

BOND AUCTION

The Finance Ministry launched the new 3-year benchmark government bond <CZ1001754=> at an average yield of 3.36 percent in an auction.

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- For auction details and results, click on <CNB08>.

T-BILL SALE

The finance ministry offers a tranche of the 26-week Treasury bills in an auction to be conducted by the central bank.

- For auction details and results, click on <CNB05>.

NO ECONOMIC DATA ARE DUE FOR RELEASE ON THURSDAY

- For calendar of real-time economic indicator releases and consensus market forecasts, double click on <ECONCZ>.

[CZ/INSTANT] [RTRS-LEN-CZ-ECI]

Overview of past economic data and market forecasts <CZ/ECON15> For Instant Views of key economic data click on [CZ/INSTANT] For summary of economic data and forecasts <CZ/ECON01> 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 <G7TODAY>

For real-time stock market index quotes click in brackets: Warsaw WIG20 <.WIG20> Budapest BUX <.BUX> Prague PX <.PX>

News editor of the day: Alan Crosby on +420 224 190 477; fax: +420 224 229 935

E-mail: prague.newsroom@reuters.com

Reuters Messaging: alan.crosby.reuters.com@reuters.net

((Compiled by Marek Petrus; Reuters Messaging: rm://marek.petrus.reuters.com@reuters.net; e-mail: prague.newsroom@reuters.com or marek.petrus@reuters.com; Tel: +420 224 190 477))