Czech Republic - Factors To Watch on June 2

                                
 PRAGUE, June 2 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday:
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

======================== ECONOMIC DATA ========================
                                
 Real-time economic data releases....................<ECONCZ>
                                
 Previous stories on Czech data.............[CZ-RTRS-LEN-ECI]
                                
 Overview of economic data and forecasts..........<CZ/ECON15>
                                
 Updates on CEE currencies.............................[CEE/]
=========================EVENTS=================================
                                
 BRNO, Czech Republic - EU Informal Meeting of Ministers for
Agriculture and Fisheries. News conference at 1200 GMT.
                                
 Related news: [RTRS-LEN-CZ-DIP]
                                
 
                                
 PRAGUE - Czech Foreign Minister Jan Kohout to meet his
Slovak counterpart Miroslav Lajcak. News conference with
attendance by Czech, Slovak and Germany Foreign Minister at 0700
GMT.
                                
 Related news: [RTRS-LEN-CZ-DIP]
                                
 
=========================TOP NEWS===============================
                                
 BUDGET GAP: The Czech budget deficit jumped to nearly double
the original full-year plan in the first five months of this
year as the economic crisis hit revenues.
                                
 Story: [ID:nL186129] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 CEE UP: Stronger appetite for risk boosted the Polish zloty
and Czech crown versus the euro on Monday, with stock markets
jumping and the U.S. dollar staying weak.
                                
 Story: [ID:nL1390214] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 MOTORWAY BONDS: The Czech government will issue bonds this
and next year to cover the costs of building a key highway
instead of taking a loan as previously planned, Finance Minister
Eduard Janota.
                                
 Story: [ID:nL160790] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 EAST EUROPE FLOWS: Eastern Europe has lost out on investor
flows in the months-long rally to emerging markets and although
it has received a boost from more risk appetite, doubts over its
economic outlook have kept major players on the sideline.
                                
 Story: [ID:nLS947352] Related news: [RTRS-LEN-CZ-MMT]
                                
 
                                
 PMI: The fall in manufacturing in the European Union's two
largest ex-communist economies slowed in May, and analysts said
the worst blow to the sector appeared to have passed, although
downturn was still gripping the region.
                                
 Story: [ID:nL1451478] Related news: [RTRS-LEN-CZ-MCE]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX>   000.0    918.2   +0.00       -100.00
 vs Euro     <EURCZK=>  26.650   26.652   +0.00         -0.56
 vs Dollar      <CZK=>  18.855   18.848   +0.49         -3.15
 U.S. Equities  <.DJI>  08,721   08,500   +2.60        -34.25
 Pvs close or current levels vs prior domestic close at 1500
=========================PRESS DIGEST===========================
                                
 FOREX RESERVES: The Czech central bank cut its dollar
foreign exchange reserves in 2008 to 32.9 percent from 31.4
percent in 2007 and instead hiked its euro currency reserves.
The bank will continue to cut its dollar exposure ahead of the
country's euro adoption.
                                
 E15, page 8
                                
 
                                
 NUCLEAR POWER: Czech power group CEZ <CEZPsp.PR> plans to
develop nuclear power plants in Hungary as the ex-communist
country aims to replace some of its outdates reactors.
                                
 E15, page 14
                                

                                
 ELECTRICITY CONSUMPTION: The Czech Republic saw the biggest
recorded drop in electricity consumption in April as consumption
fell 15.5 percent year on year to 4.3 TWh.
                                
 E15, page 13
                                
 
                                
 CEZ: Energy group CEZ <CEZPsp.PR> will resume production in
its hard coal-fired plant in Detmarovice after it reached a deal
on coal supplies form mines OKD <NWRSsp.PR> <NWRS.L>
                                
 Mlada Fronta Dnes, page B5
                                
 
                                
 AIRPORT TRAFFIC: The number of passengers transported
through the Prague Airport fell 5.6 percent in April to 944,000.
The decline slowed from an overall first quarter drop of 20
percent.
                                
 E15, page 10
                                
 
                                
 Reuters has not verified the media reports, nor does it
vouch for their accuracy.
                                
 
 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: Jan Lopatka on +420 224 190 474;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
  (Compiled by Jana Mlcochova)