PRAGUE, May 24 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Monday.
ALL TIMES GMT (Czech Republic: GMT + 2 hours)
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Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies............................[]
============================EVENTS============================
PRAGUE - The Czech cabinet to hold a session
(www.vlada.cz/en/default.htm). News conference due at 1400 GMT.
Related News []
==========================TOP NEWS============================
WORLD TITLE: Czech Republic were crowned ice hockey's world
champions for the sixth time on Sunday, snapping holders
Russia's 27-match winning streak with a 2-1 win in the final.
Story: [] Related News []
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For a TAKE A LOOK on the May 28-29 election click
[]
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CZECH ELECTION - MARKETS: A weak Czech government with no
parliamentary backing to kick off reforms and cut the budget
deficit are the biggest risks after a May 28-29 election, the
winner of which is still far from certain, a Reuters analyst
poll showed.
Story: [] Related News []
CZECH ELECTION - CORRUPTION: Marek is fed up with facing
ever more graft in his business dealings in Prague, something he
did not imagine would still be a problem so long after the wild
early days of post-communist transformation two decades ago.
Story: [] Related News []
CZECH ELECTION - PENSION: Six years ago, Petr Kalal started
saving for retirement that was four decades away to reduce
reliance on a state pension system that many Czechs of his age
believe will be bankrupt by the time they finish working.
Story: [] Related News []
CZECH ELECTION - SCENARIOS: Czechs will elect a new
administration on May 28-29 that will face the task of narrowing
the budget gap and reforming the country's pension and health
systems to halt a slide into deep deficits.
Story: [] Related News []
CZECH ELECTION - POWER: Energy has become a central issue in
next week's Czech election and presents urgent challenges the
next government must tackle, including the future of a flaghip
nuclear plant.
Story: [] Related News []
CEE MARKETS: Central European currencies firmed on Friday
to cut losses for the week but bond yields ticked up as dealers
anticipated the euro zone's debt crisis would keep markets
volatile.
Story: [] Related News []
CEE POWER: Czech spot power fell on Friday ahead of a
holiday for some countries in the region on Monday that cut
demand while prices rose further along the curve in light
trading.
Story: [] Related News []
FLOODS: Torrential rains and floods this week after a severe
winter dimmed the prospect of matching last year's grain crop in
eastern Europe, although favourable weather in the Balkans may
partially offset the damage.
Story: [] Related News []
===========================PRESS DIGEST========================
CEZ: According to sources, both leading political parties
have talked about replacing CEZ <> CEO Martin Roman
after the May 28-29 election.
Hospodarske Noviny, page 2
CIGARETTES: The Czech cigarette market could fall up to 12
percent this year with an excise tax hike, Philip Morris CR CEO
Alvise Gisustiniani said. The Czech tobacco group's <>
revenue rose 6 percent in the first quarter, to 2.5 billion
crowns ($120.9 million).
Hospodarske Noviny, page 18
POLLS: Leftist parties the Social Democrats and Communists
are 10 seats away from a majority in parliament, according to
Factum Invenio research for the paper.
Mlada Fronta Dnes, page A1
FLOOD BONDS: The government will decide on Monday on issuing
3 billion crowns in bonds to pay for the spring floods hitting
the east of the country.
E15, page 2
SOLAR BOOM: The Czech Republic will need to pay 30 billion
crowns annually for support of solar energy, a regulatory office
report said.
Hospodarske Noviny, page 1
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
For Instant Views of key economic data click on
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For summary of economic data and forecasts <CZ/ECON01>
For diary of forthcoming Czech events []
For calendar of east European economic indicators []
TOP NEWS -- Emerging markets []
TOP NEWS -- Convergence watch []
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 <> Budapest BUX <> Prague PX <>
News editor of the day: Jan Lopatka on +420 224 190 474;
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E-mail: prague.newsroom@reuters.com
