Czech Republic - Factors To Watch on Aug 27

                                
 PRAGUE, Aug 27 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday:
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)
======================== ECONOMIC DATA ========================
                                
 Q2 real wage data at 0700 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 - ECM Real Estate Investments <ECMPsp.PR> to release
H1 results. Conference call at 1430 GMT.
                                
 Related news: [RTRS-LEN-CZ-REA]
                                
 PRAGUE - The Czech cabinet to hold a regular session. News
conference at 1100 GMT
                                
 Related news: [RTRS-LEN-CZ-POL]
 ====================== TOP NEWS ===============================
                                
 PEGAS NET IN LINE: Czech artificial fabrics maker Pegas
Nonwovens <PGSNsp.PR> returned to a net profit of 11.7 million
euros ($17.21 million) in the second quarter after reporting a
loss of 0.2 million euros in the year-ago period, the company
said on Wednesday.
                                
 Story: [ID:nPRG000968] Related news: [RTRS-LEN-CZ-TEX]

                                
 PEGAS Q2 NET SEEN UP: Czech artificial fabrics maker Pegas
Nonwovens is expected to return to a net profit of nearly 12
million euros ($17.7 million) in the second quarter thanks to
one-off financial gains on the back of a strong crown, a Reuters
poll showed.
                                
 Story: [ID:nnLQ604580] Related news: [RTRS-LEN-CZ-TEX]
                                
 
                                
 PHILIP MORRIS NET SEEN DOWN: Czech tobacco group Philip
Morris CR <TABKsp.PR> is expected to report a 57 percent plunge
in first-half net profit after absorbing a large chunk of a tax
increase on cigarettes in its home market.
                                
 Story: [ID:nLQ508517] Related news: [RTRS-LEN-CZ-BEV]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,437.6  1,452.6   -1.03        -20.80
 vs Euro     <EURCZK=>  24.545   24.545   +0.00         +7.96
 vs Dollar      <CZK=>  16.687   16.676   -0.08         +8.87
 U.S. Equities  <.DJI>  11,413   11,386   +0.23        -13.96
 Pvs close or current levels vs prior domestic close at 1500
====================== PRESS DIGEST===========================
                                
 VIG DOES NOT RULE OUT LISTING ON CEE BOURSES : Austria's
insurer VIG <VIGRsp.PR> has no current plans to list its shares
in Warsaw and Bucharest but has not ruled that option out.    
                                
 Hospodarske Novniny, page 16
                                
 
                                
 NASDAQ INTERESTED IN PRAGUE BOURSE: U.S. Nasdaq <NDAQ.O> has
interest in bidding for the Prague Stock Exchange, E15 reports,
citing unnamed sources.
                                
 E15, page 1
                                
 
                                
 ELECTRICITY EXPORTS FALL: The Czech Republic, which is now
Europe's third largest electricity exporter, could see a deficit
of electricity in four years, CEZ <CEZPsp.PR> sales director
Alan Svoboda said. Net electricity exports fell 15 percent in
the first half of 2008.
                                
 Hospodarske Novniny, page 16
                                
 
                                
 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: Jana Mlcochova on +420 224 190 479;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)