Czech Republic - Factors To Watch on Dec 7

PRAGUE, Dec 7 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Thursday:

ECM DEBUT

ECM Real Estate Investments <ECMPsp.PR> debuts on the Prague Stock Exchange after an initial public offering.

Shares in the real estate developer were priced at 47 euros each in the offering,

[nL06798051] [RTRS-LEN-CZ-ECMPsp.PR]

CURRENT ACCOUNT, FOREX RESERVES

November foreign exchange reserves and third-quarter current account balance are due out at 10 a.m. (0900 GMT).

- For real-time economic data releases and consensus forecasts, double click on the code in brackets: <ECONCZ>

[RTRS-LEN-CZ-ECI]

KBC TO INVESTORS

Belgium's financial group KBC <KBKBt.BR>, the owner of the biggest Czech bank CSOB, holds a presentation for investors.

[RTRS-LEN-CZ-KBKBt.BR]

NON-POLICY CBANK MEETING

The central bank's decision-making board holds its first regular weekly meeting since last week's arrival of two new members to the seven-seat body. It is not scheduled to discuss monetary policy issues.

[RTRS-LEN-CZ-CEN]

T-BILL AUCTION

The finance ministry offers a tranche of 13-week Treasury bills in an auction.

- For auction details and results, click on the following code: <CNB05>

NEW GOVT? BY NEXT WEEK

Prime Minister Mirek Topolanek wants to name a government by the end of next week even if he fails to reach an agreement with leftists for their coalition support.

[nL06870460]

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

Topolanek's Civic Democrats have presented a government programme manifesto called "Seven Magnificent Reforms" to their potential coalition partners. The agenda includes a flat income tax and a uniform VAT rate, social benefit cuts, and pension reforms, writes the business daily Hospodarske Noviny (page 1).

TRADE DATA

The foreign trade balance posted a 4.35 billion crown ($209.2 million) surplus in October on rising car exports, a touch above market expectations and about 1.6 billion wider compared with the same month last year

[nL06178576] [CZ/INSTANT]

15-YEAR BOND SALE

The Czech Republic raised the sale of the 3.75/2020 <CZ15YT=RR> <CZ1001317=> government bond as attractive pricing and growing expectations of a pause in central bank rate tightening lured investors into the offer.

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

CME CONFIRMS GUIDANCE

Television broadcaster Central European Media Enterprises (CME) <CETVsp.PR> <CETV.O> reiterated its outlook for 2006 revenues and profit and forecast fast growth in the coming years. [nL06870584] [RTRS-LEN-CZ-CETV.O]

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 before the GDP data release on Friday.

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))