Czech Republic - Factors To Watch on Dec 5

05.12.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Dec 5 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday:

ECM IPO

Property firm ECM Real Estate Investments is due to price shares in its initial public offering.

The company is due to debut on the Prague Stock Exchange on Dec. 11 under the symbol <ECMPsp.PR>.

[RTRS-LEN-CZ-ECM]

PEGAS IPO

Artificial fabrics maker Pegas Nonwovens will raise up to 264 million euros in a planned initial public offering, the company said in a prospectus on the issue.

[nL04425016] [RTRS-LEN-CZ-PEGAS]

CEZ IN BOSNIA

Power firm CEZ <CEZPsp.PR> will invest around 1.5 billion euros ($2 billion) into the construction of a coal-fired power station in Bosnia.

[nL04884624] [RTRS-LEN-CZ-CEZPsp.PR]

NOMURA

President Vaclav Klaus rejected a government call to pardon three executives of Japan's Nomura <8604.T>, charged in the country for their activities at failed bank IPB.

[nL04398418] [RTRS-LEN-CZ-NOMURA]

CSOB, the biggest Czech bank owned by Belgium's KBC <KBKBt.BR>, wants the government to pay some 6 billion crowns ($285.2 million) to settle disputes related to CSOB's takeover of failed IPB bank six years ago, writes the daily Hospodarske Noviny (page 3).

POLL: ECONOMY TO SLOW, INFLATION TO TICK HIGHER

The Czech economy is forecast to have grown at a 5.2 percent clip in the third quarter, deepening the slowdown from its cycle peak early this year, a Reuters poll showed.

Inflation is forecast to tick up to 1.5 percent in November from a near 1-1/2-year low of 1.3 percent in October. The jobless rate is seen dipping to 7.3 percent from 7.4 percent a month earlier.

[ID:nL30680319] [POLL/CZ]

- For TABLES detailing analysts' forecasts for GDP and CPI data, double click on [ID:nL30712025] and [ID:nL30590160].

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)) ($1=21.04 Czech Crown)

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