Czech Republic - Factors To Watch on September 20

PRAGUE, Sept 20 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday:

GOVERNMENT MEETS

The government meets, agenda includes 2007 road building funds. News conference at 1000 GMT.

[RTRS-LEN-CZ-GVD]

No economic data releases scheduled.

[RTRS-LEN-CZ-ECI]

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

EURO TARGET SLIPS

The Czech Republic looks highly unlikely to adopt the euro in 2010 as planned in light of a burgeoning fiscal deficit and inflexible labour market, the country's central bank chief and prime minister say.

[ID:nL19814000] [RTRS-LEN-CZ-EUR]

ORCO PRESENTATION

Real estate developer Orco Property Group <ORCO.PA> <ORCOsp.PR> holds presentation on first-half results (1330 GMT).

[RTRS-LEN-CZ-REA]

C.BANKER SAYS STATE FINANCES NOT UNDER CONTROL

Czech state finances are not under control and the country should start discussing a new euro entry strategy after a plan aiming at 2010 was not followed, daily Mlada fronta Dnes quotes central bank board member Michaela Erbenova as saying.

[ID:nL20457144] [RTRS-LEN-CZ-CEN]

Mlada fronta Dnes, page B2

C.BANKER EVASIVE ON RATE MOVE

It is tough to say if Czech interest rates will rise at the Czech central bank's monthly monetary policy meeting on September 27, central bank Vice-Governor Ludek Niedermayer says.

[RTRS-LEN-CZ-CEN] [ID:nL1972272]

SOCIAL DEMOCRATS WANT BUDGET TALKS

The opposition Social Democrats reiterate they are ready to negotiate on the 2007 state budget if the central government deficit does not exceed 100 billion crowns.

Pravo, page 2

MITTAL PLANS LAYOFFS

The largest Czech steel group Mittal Steel Ostrava plans to lay off further 2,200 workers over the next three years, news agency CTK says.

[ID:nL1911250] [RTRS-LEN-CZ-JOB]

WTACHDOG CLEARS PYRAMIDA BUY

The Czech anti-trust watchdog has cleared the 144 million euros ($182.2 million) takeover of Modra Pyramida, the third-largest Czech building society, by lender Komercni Banka <BKOMsp.PR>, the bureau said on Tuesday.

[ID:nL19903898] [RTRS-LEN-CZ-REGS]

PM AGAINST GERMAN EXPULSIONS CENTRE

New Czech Prime Minister Mirek Topolanek opposes plans by a group representing millions of Germans forced out from eastern Europe after the World War II to build a permanent centre on the expulsions.

[ID:nL19920963] [RTRS-CZ-LEN-DIP]

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

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((Compiled by Marek Petrus; prague.newsroom@reuters.com; Reuters Messaging: marek.petrus.reuters.com@reuters.net; +420 224 190 477))