Czech Republic - Factors To Watch on Nov 15

PRAGUE, Nov 15 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday:

CEZ EXPECTED TO POST 62 PCT PROFIT JUMP

Central Europe's largest utility group, CEZ <CEZPsp.PR>, is due to report third-quarter earnings at 9:15 a.m. (0815 GMT).

It is expected to post a 62 percent jump in third-quarter net profit due to rising electricity prices and foreign acquisitions, a Reuters poll shows.

[ID:nL10751706] [RTRS-LEN-CZ-CEZPsp.PR]

CEZ holds a news conference with CEO Martin Roman and CFO Petr Voboril at 9:30 a.m. (0830 GMT).

RETAIL SALES

September retail sales and third-quarter service sales are due out at 9 a.m. (0800 GMT).

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

[RTRS-LEN-CZ-ECI]

PPI AND CURRENT ACCOUNT DATA

Industrial producer prices stagnated in October from September, cutting the annual index (PPI) to 1.9 percent in line with consensus market expectations.

[nL14825898]

The current account posted a deficit of 13.94 billion crowns ($636.8 million) in September, nearly treble the median forecast in a Reuters poll.

[nL14125817]

GOVERNMENT TALKS

Rightist Prime Minister Mirek Topolanek meets President Vaclav Klaus at 2 p.m. (1300 GMT) to discuss the progress Topolanek has made in trying to build a new government.

Topolanek said he would agree to a deal to hold early elections only in the second half of 2009 if political parties help create a new government with a reformist programme.

[nL14373253] [ID:nL13927734]

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

DEBT AUCTIONS

The finance ministry offers a new tranche re-opening the 15-year government bond <CZ15YT=RR> in an auction to be conducted by the central bank.

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

It will also auction 13-week Treasury bills.

- For T-bill auctions, see <CNB05>.

[RTRS-LEN-CZ-GVD-ISU]

PRAGUE IPO

Luxembourg-registered property developer ECM Real Estate Investments is looking to publish the indicative price range for a planned initial public offering (IPO) of its shares on the Prague bourse by early next month, ECM's head said on Tuesday.

[nL14915467] [RTRS-LEN-CZ-IPO]

RESEARCH ALERT: KOMERCNI UPS ZENTIVA TARGET

Komercni Banka raised its recommendation for shares of drug maker Zentiva <ZNTVsp.PR> to "buy" from "hold" and its target price to 1,390 crowns from a previous 1,306.

[nL14565136] [RTRS-LEN-CZ-ZNTVsp.PR]

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))