Czech Republic - Factors To Watch on Oct 16

PRAGUE, Oct 16 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Monday:

No economic data due for release.

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

POLITICAL TALKS

President Vaclav Klaus meets outgoing Prime Minister Mirek Topolanek and other officials from his Civic Democrat Party (ODS) at 2 p.m. (1200 GMT) as part of talks aimed at finding a way out of a political stalemate.

Klaus has said he will not name a new prime minister until after local and Senate elections to be held later this month.

Klaus has urged political parties to agree either on forming a new government or on early elections, saying he would not accept a cabinet relying on one rogue deputy to survive.

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GRAND COALITION OFFER

The Social Democrats, the second biggest parliamentary force, approved on Sunday a proposal to push for a grand coalition with the rightist Civic Democrats for a limited period.

Prague Mayor Pavel Bem, a senior Civic Democrat, called the Social Democrat move a non-starter.

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C.BANKERS, UNION LEADERS ON WAGES

Central bank policymakers meet trade union leaders (CMKOS) to discuss an economic outlook and workers' wage demands. News conference at 5 p.m. (1500 GMT).

Labour unions will demand a wage rise of at least 7 percent for 2007, the head of the country's biggest union grouping CMKOS said.

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INTERVIEW: DEFICIT NOT TO FALL BELOW 3 PCT/GDP BEFORE 2010

The Czech Republic looks unlikely to get its public finances into the shape required for euro zone membership before the end of the decade without tightening the purse strings, Deputy Finance Minister Bohdan Hejduk told Reuters in an interview.

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The Czech Republic will likely refrain from any further foreign borrowing this year, and issue domestic bonds if needed to raise extra funding, Hejduk said.

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CEZ LOOKS AT KOSOVO DEALS

Power firm CEZ <CEZPsp.PR> plans to enter a tender to build a power plant and develop coal mines in Kosovo, the company said.

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PRODUCER PRICES

Industrial producer prices unexpectedly fell by 0.2 percent in September from August, slashing the annual index (PPI) to 2.4 percent, below consensus market expectations.

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CURRENT ACCOUNT

The Czech current account posted a deficit of 14.34 billion crowns ($637.6 million) in August, almost matching the median forecast in a Reuters poll.

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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

($1=22.54 Czech Crown)