Czech Republic - Factors To Watch on June 27

                                
 PRAGUE, June 27 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Friday:
                                
 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 Czech currency.............................[CZK/]
                                
 
========================= EVENTS ===============================
                                
 GOVERNMENT MEETS: The cabinet meets to discuss 2009 budget
and related tax changes. 
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
====================== TOP NEWS ===============================
                                
 RATES ON HOLD: THE Czech central bank left key interest
rates flat as expected on Thursday, as the record-strong crown
currency helped contain pressures stemming from global price
growth and a strong domestic economy.
                                
 Story: [ID:nL26205513]  Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 UNIPETROL DIVIDEND: Czech oil processor Unipetrol
<UNPEsp.PR> approved a higher-than-expected dividenD and said it
would propose a share buyback, but the stock fell 7 percent as
investors can no longer buy into the dividend payout.
                                
 Story: [ID:nL26325155] Related news: [RTRS-LEN-CZ-CHE]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,479.8  1,510.2   -2.01        -18.47
 vs Euro     <EURCZK=>  24.080   24.055   -0.10        +10.05
 vs Dollar      <CZK=>  15.280   15.255   -0.18        +18.90
 U.S. Equities  <.DJI>  11,453   11,812   -3.03        -13.66
 Pvs close or current levels vs prior domestic close at 1500
                                
 
====================== PRESS DIGEST ===========================
                                
 Reuters has not verified the media reports, nor does it
vouch for their accuracy.
                                
 
                                
 CURRENCY STRENGTH: The strong crown <EURCZK=> cost exporters
65 billion crowns in the first quarter, the Industry Ministry
estimated.
                                
 Hospodarske Noviny, page 1.
                                
 
                                
 HOTELS COMPLAIN OVER CURRENCY: Profits at Czech hotels
dropped by 16 percent year-on-year due to the strong crown,
                                
 E15, page 1.
                                
 
                                
 RENT JUMP: Regulated rents in regional capitals will rise on
average by 35 percent next year.
                                
 Mlada fronta Dnes, page 1.
                                
 
 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 Jan Lopatka)