Czech Republic - Factors To Watch on Jan 12

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MONETARY BASE

The central bank releases December monetary base at 10 a.m. (0900 GMT).

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CONFIDENCE VOTE DUE ON JAN. 19

The parliament will hold a confidence vote on Jan. 19 on the new centre-right government, which controls just half the deputies, parliamentary officials said. It remained unclear whether Prime Minister Mirek Topolanek would be able to woo at least one of two independent deputies or find defectors among the left-wing Social Democrats to win the vote.

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Prime Minister Mirek Topolanek (ODS) has sent all 74 opposition Social Democrat (CSSD) deputies a letter asking them to support the three-party coalition government, writes the daily Hospodarske Noviny (page 3).

- For most recent news on Czech politics, double click on the code in brackets: [RTRS-LEN-CZ-POL]

POLITICAL INSTABILITY LIKELY TO LAST

The appointment of the Czech Republic's second government in seven months since an inconclusive general election last summer is unlikely to end the current political crisis.

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- For FACTBOX on key posts in the new government, double click on [ID:nL08820235].

- For FACTBOX on key points of the coalition agreement, see [ID:nL08658091].

BUDGET EXPERT

Budget expert Eduard Janota was appointed deputy finance minister on Thursday, returning to steer the country's public sector finances just over three months after being sacked.

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TELEFONICA O2

Standard & Poor's Ratings Services has revised its outlook on Czech Republic-based integrated fixed and mobile telecommunications operator Telefonica O2 Czech Republic a.s. to stable from negative.

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CEZ MAKES SMALL ACQUISITION

Power company CEZ is buying Teplarenska Akciova Spolecnost, a regional heating company which distributes heat in two districts in the northwest of the country.

Hospodarske Noviny, page 18

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Overview of past economic data and market forecasts For Instant Views of key economic data click on [CZ/INSTANT] For summary of economic data and forecasts 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

For real-time stock market index quotes click in brackets: Warsaw WIG20 Budapest BUX Prague PX

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E-mail: prague.newsroom@reuters.com

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[PRAGUE/Reuters/Finance.cz]