PRAGUE, April 29 (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=========================
March money supply data at 0800 GMT.
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies............................[]
=============================EVENTS============================
KUTNA HORA - Cigarette maker Philip Morris CR <> to
hold an annual shareholders' meeting.
Related news: []
PRAGUE - Chemicals group Unipetrol <>, a unit of
Poland's PKN Orlen <PKNA.WA>, to hold a news conference on first
quarter results at 0900 GMT. Conference call to be held at 1200
GMT. Net profit came in in line with expectations.
PRAGUE - Conference on the European Economic Governance
(0700 GMT).
Related news: []
============================TOP NEWS===========================
UNIPETROL Q1 IN LINE: Czech downstream oil group Unipetrol
<> reported a 50 percent rise in first quarter net
profit on Friday, in line with market expectations.
Story: [] Related news: []
CZECH TELEFONICA APPROVES DIVIDEND: Shareholders of telecom
group Telefonica O2 Czech Republic <> approved on
Thursday a 40 crown per share dividend from last year's profit
and retained earnings, samTe as last year.
Story: [] Related news: []
ALL C.BANKERS TO ATTEND RATE MEETING: All seven board
members of the Czech central bank governing board will attend
the bank's May 5 meeting on policy, the bank said on Thursday.
Story: [] Related news: []
YIELD DROPS AT T-BILL AUCTION: Following are results of
Thursday's auction of 13-week Czech Treasury bills <CZ22907617=>
compared with the previous sale of bills with the same maturity.
Story: [] Related news: []
CEE MARKETS: Emerging European currencies traded near recent
highs on Thursday, tracking euro gains against the dollar after
first quarter U.S. economic growth came in weaker than expected.
Story: [] Related news: []
CEE POWER: Czech day-ahead power prices fell further on
Thursday on higher wind power generation while the front month
gained as the contract nears delivery, traders said.
Story: [] Related news []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2011
vs Euro <EURCZK=> 24.083 24.109 0.11 3.67
vs Dollar <CZK=> 16.246 16.264 0.11 12.97
Czech Equities <> 1,264.2 1,264.2 0.05 3.22
U.S. Equities <> 12,763.31 12,690.96 0.57 10.24
Pvs close or current levels vs prior domestic close at 1500
GMT
==========================PRESS DIGEST=========================
C.BANKER: SOFTER RULES FOR BANKING GROUPS A WRONG STEP:
Czech central bank Vice Governor Vladimir Tomsik said the
European Commission's proposal for softer rules regulating
transactions between units of an international banking group and
the parent company would be a step in a wrong direction.
Supervisors would then have a harder time to check transfers of
assets and liquidity of the financial groups. Transactions
within the group should take place under market conditions to
secure the sectors stability, Tomsik said.
Hospodarske Noviny, page 10
NUCLEAR POWER: UN Secretary-General Ban Ki-Moon said it was
necessary to make revisions of the present safety standards
linked with nuclear power plants. The International Agency for
Nuclear Energy work must be strengthened in the area of nuclear
safety. He said we must better focus on links between natural
disasters and nuclear safety and we have to make a new analysis
of costs and benefits of nuclear power and protect nuclear
material from abuse by terrorists.
Hospodarske Noviny, page 10
PENSION REFORM: Junior coalition partner Public Affairs said
he wanted a state-run pension fund to be created as part of the
second pillar of the new pension system. The fund would invest
in Czech government bonds or bonds of other countries with a
similar credit rating, and would be guaranteed by the states.
Pension accounts should be anonymous.
Pravo, page 3
EPH IPO: Energy group Energeticky a Prumyslovy Holding is
making preparations to offer its shares in an initial public
offering in two years, its co-owner Daniel Kretinsky told the
daily. The issue would take place in Prague, Bratislava and
Warsaw, Kretinsky said.
Hospodarske Noviny, page 18
POWER PRICES: Power prices for households will rise in the
order of single digits next year, CEZ Chief Operating Officer
Daniel Benes said. He said he did not expect a further rise in
power prices on power exchanges by the end of the year and the
price could actually moderately decline. He said price should
not exceed 60 euros per megawatt hour.
Lidove Noviny, page 13
ANOTHER VIEW ON POWER PRICES: Royal Bank of Scotland's
energy unit Executive Director Wim Furthmann said power prices
in central Europe could rise to 90 euros per megawatt hour in
1-2 years from around 60 euros, in the Fukushima aftermath.
Hospodarske Noviny, page 18
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
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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>
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