Czech Republic - Factors To Watch on Dec 11

                                
  PRAGUE, Dec 11 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Friday.
                                
 ALL TIMES GMT (Czech Republic: GMT + 1 hour)

=========================ECONOMIC DATA=========================
                                
 October current account balance data at 0900 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 CEE currencies.............................[CEE/]
                                

=============================EVENTS==========================
                                
 PRAGUE- Finance Minister Eduard Janota to meet President
Vaclav Klaus, to discuss the 2010 budget.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
============================TOP NEWS============================
                                
 FINMIN CONSIDERS QUITTING GOVT: Czech Finance Minister
Eduard Janota will meet Prime Minister Jan Fischer on Monday to
discuss whether to stay in the cabinet, news Web site
www.idnes.cz reported on Thursday.
                                
 Story: [ID:nPRG003826] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 INTEREST RATES: All seven Czech central bank board members
will attend the Dec. 16 rate setting meeting, the bank said on
Thursday.
                                
 Story: [ID:nPRA004886] Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 BUDGET: Extra 2010 budget spending pushed through at the
last minute by the main Czech leftist party shows a lack of will
to fix the country's deteriorating budget and threatens to push
euro entry further into the future.
                                
 Story: [ID:nGEE5B90YQ] Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 BUDGET FACTBOX: The Czech leftist Social Democrats' push for
extra spending in the 2010 budget signalled a lack of political
will to make budget savings if they win an election next year.
                                
 Story: [ID:nGEE5B91HD] Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 UNIPETROL CHIEF: Unipetrol <UNPEsp.PR> said on Thursday
Piotr Chelminski has become chairman and chief executive at the
Czech downstream oil group, replacing Krzysztof Urbanowicz, who
resigned.
                                
 Story: [ID:nGEE5B9138] Related news: [RTRS-LEN-CZ-MAN]
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>   1101      1101    -0,44       28,29
vs Euro   <EURCZK=>    25,785    25,717    -0,26      3,62
vs Dollar    <CZK=>    17,483     17,467   -0,09       8,53
 U.S. Equities <.DJI>  10405,83  10337,05  0,67      18,57
 Pvs close or current levels vs prior domestic close at 1600

==========================PRESS DIGEST========================
                                
 SKODA: Volkswagen's <VOWG.DE> Skoda Auto will cut back
production of Fabias in the first quarter of 2010 as demand for
the model in Germany fell, after the government's scrap subsidy
scheme expired. It will switch to two shifts per day from the
current three-shift operation and it will let workers stay home
on Fridays.
                                
 Hospodarske Noviny, page 17
                                
 
                                
 FUNDS: Assets managed by Czech mutual funds will fall by 22
billion crowns ($1.26 billion) year on year for the full 2009 to
232 billion crowns, according to the Capital Markets
Association.
                                
 Lidove Noviny, page 14
                                
 
                                
 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 +420 224 190 474;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)