Czech Republic - Factors To Watch on Dec 10

                                
  PRAGUE, Dec 10 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday.
                                
 ALL TIMES GMT (Czech Republic: GMT + 1 hour)

=========================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 CEE currencies.............................[CEE/]
                                

============================EVENTS==============================
                                
 PRAGUE - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
                                
 Related news: [RTRS-LEN-CZ-POL]

                                
 PRAGUE - Chemicals group Unipetrol <UNPEsp.PR>, a unit of
Poland's PKN Orlen <PKNA.WA> to hold an extraordinary general
meeting (1400 GMT).
                                
 Related news: [RTRS-LEN-CZ-PROD]
=======================MORNING NEWS============================
                                
 
                                
 TELEFONICA: Telefonica 02 Czech Republic <SPTTsp.PR> said on
Thursday Luis Antonio Malvido would take the post of its chief
executive and board chairman as of February 1, replacing
Salvador Anglada.
                                
 Story: [ID:nPRA004884] Related news: [RTRS-LEN-CZ-MAN]
============================TOP NEWS============================
                                
 BUDGET: The Czech parliament gave final approval to the 2010
budget on Wednesday with extra spending pushed through by
leftist deputies raising the planned deficit to around 5.7
percent of gross domestic product.
                                
 Story: [ID:nGEE5B82GT] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 CEE MARKETS: Emerging European assets extended the week's
losses on Wednesday as Greece's credit rating downgrade on
Tuesday continues to fuel concern over budget deficits in the
European Union's periphery.
                                
 Story: [ID:nGEE5B80E0] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CZECH GRID: The Czech grid will need annual investment of
between 3 billion and 4.5 billion Czech crowns ($258.3 million)
through 2022 to strengthen the system and ensure security of
supply, grid officials said on Wednesday.
                                
 Story: [ID:nGEE5B8107] Related news: [RTRS-LEN-CZ-ENR]
                                
 
                                
 CEZ BOND: Czech power group CEZ <CEZPsp.PR> issued $100
million in 3-year privately-placed bonds with a coupon of 70
basis points above 3-month U.S. dollar Libor, it said on
Wednesday.
                                
 Story: [ID:nGEE5B81MV]  Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 C.BANK ON CPI,GDP: The third quarter GDP data confirmed the
Czech central bank's view that the economy should show marked
quarterly growth in the second half of this year, the bank said
on Wednesday.
                                
 Story: [ID:nGEE5B70G5] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 GDP WRAPUP: The contraction in Czech and Hungarian economies
slowed in the third quarter as a pick up in Western demand
partially offset weakening household consumption, putting the
countries on a recovery path.
                                
 Story: [ID:nGEE5B80IO] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 CZECH GDP: The Czech economy grew 0.8 percent in the third
quarter from the previous three months helped by a rebound in
exports, although analysts said recovery would be far from
smooth as global demand is slow to pick up and households cut
back.    
                                
 Story: [ID:nGEE5B80EW] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 GDP, CPI INSTANT VIEW: The Czech economy rose by 0.8
percent in the third quarter from the previous three-month
period, confirming an earlier flash estimate, the statistical
bureau said on Wednesday.
                                
 Story: [ID:nGEE5B806Y] Related news: [RTRS-LEN-CZ-MCE]
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>   1105,9   1105,9    -1,31       28,86
vs Euro   <EURCZK=>    25,766    25,717    -0,19        3,69
vs Dollar    <CZK=>    17,428    17,463     0,2         8,82
 U.S. Equities <.DJI>  10337,05  10285,97   0,5        17,78
 Pvs close or current levels vs prior domestic close at 1600
                                
    
 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 +420 224 190 474;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)