Czech Republic - Factors To Watch on June 17

                                
 PRAGUE, June 17 (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 ========================
                                
 April current account balance data at 0800 GMT 
                                
 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 ===============================
                                
 PRAGUE - Prime Minister Mirek Topolanek and Industry
Minister Martin Riman to speak at a conference on improving
business environment at 0800 GMT.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - Deputy Foreign minister Tomas Pojar to hold a
lecture "Transatlantic relations: Opportunities and vision" at
1400 GMT.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
====================== TOP NEWS ===============================
                                
 PPF LAUNCHES ZENTIVA BID:  Czech financial group PPF
launched its previously announced 950 crown per share bid for
Czech drugs maker Zentiva <ZNTVsp.PR> on Tuesday and said it may
improve terms of the offer.
                                
 Story: [ID:nL17667875] Related news: [RTRS-LEN-CZ-DRU]
                                
 
                                
 GRAIN HARVEST SEEN UP: The Czech grain harvest should rise
by 5 to 10 percent this year on favourable weather conditions,
an Agricultural Chamber official said on Monday.
                                
 Story: [ID:nL17701733] Related news:[RTRS-LEN-CZ-FOD]
                                
 
                                
 CZECHS RESIST PRESSURE TO RATIFY EU TREATY: The Czech
Republic resisted pressure on Monday to go ahead with
ratification the European Union's reform treaty after its defeat
by Irish voters, and kept its options open on how to proceed
with the charter.
                                
 Story: [ID:nL16167440] Related news:[RTRS-LEN-CZ-POL]
                                
  
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,609.5  1,596.1   +0.84        -11.33
 vs Euro     <EURCZK=>  24.185   24.205   +0.08         +9.57
 vs Dollar      <CZK=>  15.559   15.638   +0.45        +16.71
 U.S. Equities  <.DJI>  12,269   12,307   -0.31         -7.51
 Pvs close or current levels vs prior domestic close at 1500
                                
 
====================== PRESS DIGEST ===========================
                                
 REBELIOUS GREEN MPS: Green party MPs leader Katerina Jacques
resigned as head of the party's six member parliamentary caucus
to prevent two disgruntled members Olga Zubova and Vera
Jakubkova from leaving. But the two rebellious MPs are likely to
announce that they will leave on Tuesday.
                                
 Pravo, page 1
                                
 
                                
 ORCO CONSIDERS BUYBACK: Developer Orco Property Group
<ORCO.PA> is considering a share buyback of up to 50 million
euros ($76.80 million), up from a previous plan of 10-15
million. It sees annual net asset value 10 percent up year on
year.
                                
 Hospodarske Noviny, page 23
                                
 
                                
 CSA SELLS SLOVAK UNIT: Czech Airlines (CSA) is selling its
Bratislava handling subsidiary, Slovak Air Service. The paper
said the deal could be worth around 30 million Czech crowns.
                                
 Hospodarske Noviny, page 16
                                
 
                                
 STOCK EXCHANGE ATTRACTS INVESTOR: An unnamed investor is in
talks with minority shareholders of the Prague Stock Exchange to
acquire their stake.
                                
 Hospodarske Noviny, page 13
                                
 
                                
 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 +420 224 190 477;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)