Czech Republic - Factors To Watch on June 12

                                
 PRAGUE, June 12 (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 + 2 hours)

 ======================== ECONOMIC DATA ========================
                                
 April construction output 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 - The lower house of parliament continues session,
scheduled to vote on extending retirement age and health fees.
                                
 Related news: [RTRS-LEN-CZ-POL]

                                
 PRAGUE - 39-week T-bill auction.
                                
 Related news: [RTRS-LEN-CZ-MMT]
                                
 
                                
 PRAGUE - Central bank governing board to hold a regular
weekly meeting. It is not scheduled to discuss monetary policy
issues.
                                
 Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 PRAGUE - Finance Ministry to hold a news conference on a
2006 settlement between the Czech Republic and Japan's Nomura
<8604.T> (0800 GMT).
                                
Related news: [RTRS-LEN-CZ-LAW]

======================= TOP NEWS ===============================
                                
 INDUSTRIAL OUTPUT JUMPS: Czech industrial output jumped in
April after poor March readings but analysts said the slowdown
in domestic and foreign demand, the strong Czech crown, and the
slowdown in the eurozone are likely to weigh on production.
                                
 Output rose by 12.2 percent year-on-year.    
                                
 Story: [ID:nL11210575  ] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
CROWN HITS NEW RECORD: The Czech crown hit an all-time high
on Wednesday, apart from a one-off offshore trade in April, of
24.400 to the euro <EURCZK=>, following much better than
expected April trade data.
                                
 Story: [ID:nL11680937] Related news: [RTRS-LEN-CZ-CEN-FRX]
                                
 
                                
EURO ADOPTION: The Czech economy should meet tough tests on
currency stability and inflation prior to entering the euro zone
to avoid a sharp pick-up in price growth, a Czech central bank
(CNB) board member said.
                                
 Story: [ID:nL11592017] Related news: [RTRS-LEN-CZ-EUR]
                                
 
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,585.4  1,593.9   -0.53        -12.65
 vs Euro <EURCZK=>     24.400    24.365   -0.14         +8.61
 vs Dollar      <CZK=>  15.754   15.676   -0.55        +15.28
 U.S. Equities  <.DJI>  12,084   12,290   -1.68         -8.90
 Pvs close or current levels vs prior domestic close at 1500
                                
 
 ====================== PRESS DIGEST ===========================
                                
 TEMELIN COMPLETION: The leading Czech opposition party, the
Social Democrats, will propose that the country's energy policy
which includes plans to complete CEZ's <CEZPsp.PR> nuclear power
plant in Temelin is signed into law.
                                
 E14, page 3
                                
 
                                
 NEWS AGENCY LAUNCHED: Romania's Media Pro Management,
minority-owned by Central European Media Enterprises <CETV.O>
<CETVsp.PR>, has launched new news wire agency Mediafax.
                                
 Hospodarske Noviny, page 16
                                
 
                                
 SKODA OUTPUT: The truck drivers' strike in Spain threatens
to halt production of Skoda's <VOWG.DE> Fabia model, unless
deliveries are restored by next week.
                                
 Mlada Fronta Dnes, page B1
                                
 
                                
 NWR'S BAKALA PLANS ANOTHER IPO: Coal miner New World
Resources <NWRS.L> <NWRSsp.PR> co-owner Zdenek Bakala plans to
float on the stock exchange one of his other companies, either
rail-freight company OKD Doprava, or gas trader Green Gas.
                                
 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    [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 Jana Mlcochova)