Czech Republic - Factors To Watch on Feb 19

                                
 PRAGUE, Feb 19 (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 + 1 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 Czech currency.............................[CZK/]

============================ EVENTS ============================
                                
 C.BANKER ON CONVERGENCE: Outgoing Czech central bank (CNB)
Vice-Governor Ludek Niedermayer speaks at a seminar on an
analysis of convergence between the Czech Republic and European
Union (EU) in 2007 (0800 GMT).
                                
 Related news: [RTRS-LEN-CZ-CEN]
                                
 
========================= TOP NEWS =============================
                                
 INFLATION WORRIES: Czech central bank (CNB) Vice-Governor
Miroslav Singer is nervous about rises in adjusted inflation and
producer prices, which could signal higher than expected
demand-side pressures, he said on Monday.
                                
 Story: [ID:nL18413331] Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 CROWN GAINS SURPRISING: The Czech crown's recent rise
against the euro is surprising, outgoing Central Bank (CNB) Vice
Governor Ludek Niedermayer said on Monday, adding the monetary
authority would face complicated decisions on interest rates.
                                
 Story: [ID:nL18687698] Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 CROWN TO EASE: The Czech crown is expected to ease from
record levels within three months, a Reuters poll showed on
Monday, suggesting that its seven-month rally might be coming to
an end.
                                
 Story: [ID:nL18556389] Related news: [RTRS-LEN-CZ-FRX]
                                
 Table: [ID:nL18405322]
                                
 
========================= ELSEWHERE IN NEWS ====================
                                
 TELEFONICA PROFIT: Net profit at Telefonica O2 Czech
Republic <SPTTsp.PR> is expected to have nearly doubled
year-on-year in the fourth quarter on lower financial costs and
deferred tax, a Reuters poll showed on Monday.
                                
 Story: [ID:nL18383606] Related news: [RTRS-LEN-CZ-TEL]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,568.5  1,541.7   +1.74        -13.59
 vs Euro     <EURCZK=>  25.230   25.265   +0.14         +5.03
 vs Dollar      <CZK=>  17.141   17.222   +0.53         +6.06
 U.S. Equities  <.DJI>  12,348   12,377   -0.23         -6.91
 Pvs close or current levels vs prior domestic close at 1500
                                
 
                                
(Reuters has not verified any of the newspaper reports that
may be quoted above and does not 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: Martin Dokoupil on +420 224 190 477;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
                                
 Reuters Messaging: martin.dokoupil.reuters.com@reuters.net

 (Reporting by Martin Dokoupil)