PRAGUE, Oct 7 (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 ========================
September foreign exchange reserves 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 Czech currency.............................[]
========================= TOP NEWS ============================
ERSTE GROUP BANK ADJUSTS 2008 OUTLOOK: Erste Group Bank AG
<ERST.VI><> says adjusting 2008 net profit outlook to
reflect current financial market environment, net profit is
expected to increase by more than 50 percent.
Story: [] Related news: []
PEGAS CEO RESIGNS: Chief Executive and board member at Czech
textiles maker Pegas Nonwovens <> Milos Bogdan has
resigned from his positions as of October 6, the company said.
Story: [] Related news: [
CZECH C.BANKER NO NEED TO BOOST LIQUIDITY NOW: The Czech
central bank (CNB) does not see the need to boost liquidity but
is ready to act if needed, CNB's Vice Governor Miroslav Singer
said on Tuesday.
Story: [ID:nPRG001041] Related news: []
VW TO HALT CZECH CAR PRODUCTION: Volkswagen AG's <VOWG.DE>
Skoda Auto, the biggest Czech company by turnover, said on
Monday it would halt production for a week at the end of October
due to poor demand on other European markets.
Story: [] Related news: []
BALTICS, BALKANS BRACE FOR HARD LANDING: The credit crunch
has killed a consumer-led boom in the European Union's Baltic
newcomers and is threatening its Balkan economies with an
economic hard landing at worst and bumpy landings in the best
case scenario.
Story: [] Related news: []
CZECH FINMIN: NO NEED TO GUARANTEE DEPOSITS: Czech economic
growth may drop below the central bank's forecast due to the
poor outlook for external demand, the bank said in the minutes
of its Sept. 25 policy meeting released.
Story: [] Related news: []
FERREXPO 20 PCT STAKE SOLD TO NWR: The majority owner of
Ukrainian iron ore miner Ferrexpo <FXPO.L> sold a 20.8 percent
stake at a big discount to the main shareholder of Czech coal
producer New World Resources <NWRS.L> <NWRSsp.PR> to satisfy a
loan agreement.
Story: [] Related news: []
======================= PRESS DIGEST===========================
DEPOSITS INSURACNE: Czech Finance Minister Miroslav Kalousek
criticized European leaders for promising state guarantees on
all private deposits. But he added he would be willing to accept
doubling of the current deposit insurance limit.
Hospodarske Noviny, page 1
Reuters has not verified the media reports, nor does it
vouch for their accuracy.
For Instant Views of key economic data click on
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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>
For real-time stock market index quotes click in brackets:
Warsaw WIG20 <> Budapest BUX <> Prague PX <>
News editor of the day: Jan Lopatka on +420 224 190 474;
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E-mail: prague.newsroom@reuters.com
(Compiled by Jana Mlcochova)
