Czech Republic - Factors To Watch on May 28

                                
 PRAGUE, May 28 (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 + 1 hours)

 ======================== 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 Czech currency.............................[CZK/]
                                
 
========================= EVENTS ===============================
                                
 
                                
 PRAGUE - The Czech cabinet to hold a regular session. News
conference to follow. Ministers to discuss the central bank's
inflation report.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - ECM Real Estate Investments <ECMPsp.PR> to release
first quarter results. Conference call at 1430 GMT. 
                                
 Related news: [RTRS-LEN-CZ-REA]
                                
 
                                
LUXEMBOURG - Developer Orco Property Group <ORCOsp.PR> to
hold and extraordinary shareholders' meeting.
                                
 Related news: [RTRS-LEN-CZ-REA]
                                
 
                                
 BRNO - Constitutional court to discuss a petition against
health care fees.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
======================= TOP NEWS ===============================
                                
 PEGAS PROFIT JUMPS - Artificial textile maker Pegas
Nonwovens <PGSNsp.PR> posted a 299 percent jump in first-quarter
net profit. [ID:nPRG000824].
                                
 Conference call with Director Milos Bogdan and Financial
Director Ales Gerza at 0800 GMT.
                                
 Related news: [RTRS-LEN-CZ-TEX]
                                
 
                                
 CO2 RIGHTS: The Czech Republic may sell 10-20 million tonnes
of surplus carbon emissions rights to Japan, while further
credits for sale could be offered in an auction, a government
official said on Tuesday.
                                
 [ID:nL27197676] Related news: [RTRS-LEN-CZ-CO2]
                                
 
                                
 PATRIA CUTS ZENTIVA - Patria Finance cut its recommendation
on drug maker Zentiva <ANTVsp.PR> to 'sell' from 'hold' and
lowered the target price to 881 crowns from 952.
                                
 Related news: [CZ-RTRS-LEN-DRU]
                                
 
====================== PRESS DIGEST ============================
                                
 POWER PRICES: Wholesale electricity prices have risen by
about 40 percent from a year ago to 70 euros per megawatthour
but the rise of the final price for consumers will be lower,
thanks to the firming crown and additional charges which are
expected to show lower growth.
                                
 Mlada fronta Dnes, page B1.
                                
 
                                
 AIRLINE PROFIT HIT: High oil prices will shave hundreds of
millions of crowns from Czech national carrier Czech Airlines'
profit this year. CSA is slated for privatisation.
                                
 Lidove Noviny, page 13.
                                
 
                                
 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
 (Reporting by Martin Dokoupil)