Czech Republic - Factors To Watch on Feb 21

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PPI DATA

January producer prices to be released at 9 a.m. (0800 GMT). Analysts expect a 2.3 percent year-on-year rise.

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

[RTRS-LEN-CZ-ECI]

BOND AUCTION

The central bank will auction a 6 billion crown tranche ofthe 4-year goverment bond . Bids are due by 12 a.m. (1100 GMT).

[RTRS-LEN-CZ-GVD-ISU]

CABINET MEETING

The government holds a regular session. News conference due at 12 a.m. (1100 GMT).

[RTRS-LEN-CZ-POL]

MISSILE PLAY

The Czech Republic said it would not be intimidated by Russia over plans to site parts of the U.S. missile defence shield on its territory and swould not succumb to "blackmail" from the Kremlin.

[ID:nL20136861]

- For news on the anti-missile shield base to be built in Poland and the Czech Republic, double click on [RTRS-LEN-DIP-CZ-PL-US]

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

CZECHS WORRY OVER RUSSIA'S ENERGY MIGHT

The Czech Republic's new centre-right government is more worried over Russian weight in energy supplies then its leftist predecessors and has begun shaping policy to try cap Russia's influence.

[ID:nL20927441] [RTRS-LEN-CZ-ENR]

CENTRAL BANK MULLS COMMUNICATION CHANGE

The Czech National Bank (CNB), pioneer of inflation targeting in post-Communist central Europe and the region's leader in transparency, may give markets greater insight into its thinking on interest rates.

[ID:nL20244467] [RTRS-LEN-CZ-CEN]

CZECHS INDICATE SOFTER STANCE ON EU TREATY

The Czech Republic will seek changes to a draft European constitution and rather than insisting it be scrapped completely, Czech Foreign Minister Karel Schwarzenber said.

[ID:nL20524927] [RTRS-LEN-CZ-EU-DIP]

ERSTE LIKES ECM

Erste Bank initiated coverage of shares of Czech developer ECM Real Estate Investments with a "buy" recommendation and a 12-month target price of 1,914 crowns.

[ID:nL20413660] [RTRS-LEN-CZ-REA]

EURO ADOPTION PLAN IN WORKS?

Deputy Prime Minister Alexandr Vondra was quoted in the daily Pravo on Wednesday as saying cabinet may present a new convergence plan to the European Commission this spring. It would then use the plan outline to help draw up a new national plan for the single currency, with adoption possible in 2012 or 2013.

[CZ-RTRS-LEN-EUR]

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

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 Jan Lopatka, editing by Alan Crosby; prague.newsroom@reuters.com; Reuters Messaging: jan.lopatka.reuters.com@reuters.net; +420-224 190 474))

[PRAGUE/Reuters/Finance.cz]