Czech Republic - Factors To Watch on Jan 11

                                
 PRAGUE, Jan 11 (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 + 1 hours)

=========================ECONOMIC DATA=========================
                                
 November retail sales data at 0800 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/]
 
=============================TOP NEWS===========================
                                
 2010 BUDGET GAP ADJUSTMENT: The Czech central state budget
deficit reached 156.42 billion crowns ($8.22 billion) for the
whole of 2010, according to adjusted data released by the
Finance Ministry on Monday.
                                
 Story: [ID:nLDE7091H6] Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 STATE DEBT LEVEL: The Czech Republic's gross central
government debt dipped to 1.34 trillion czech crowns ($70.45
billion) at the end of December, from 1.38 trillion crowns at
the end of September, the Finance Ministry said on Monday.
                                
 Story: [ID:nPRA005407] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 NEW ENVIRONMENT MINISTER: Tomas Chalupa, a Prague district
mayor, was nominated as Czech environment minister on Monday to
replace a predecessor forced to leave amid a scandal that
threatened to overthrow the government last month. 
                                
 Story: [ID:nLDE7090SJ] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 DEC CPI: Czech consumer prices rose 0.5 percent in December
compared with November, the largest monthly rise since January
2010 and above market expectations, which brought the annual
inflation rate to 2.3 percent, data showed on Monday.
                                
 Story: [ID:nLDE70906C] Related news: [RTRS-LEN-CZ-ECI-CEN]
  * For central bank reaction: [ID:nPRG004626]
                                
 
                                
 CEE DATA: November trade data from Hungary, Romania and
Slovakia beat market forecasts on Monday, but a jump in Czech
unemployment and prices signalled the potential headwinds to
growth for governments implementing austerity measures.
                                
 Story: [ID:nLDE7090BJ] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 TRADE IDEA: Komercni Banka recommends receiving a two-year
interest rate swap <CZKAM6PR2Y=> against paying a 6-month PRIBOR
<CZK6MD=>, saying on Monday that markets are pricing in
excessive rate tightening.
                                
 Story: [ID:nLDE7091CL] Related news: [RTRS-LEN-CZ-MMT]
                                
 
                                
 CEE MARKETS: Hungary's forint fell more than 1 percent
against the euro on Monday, leading losses among emerging
European currencies as concerns the euro zone debt crisis may
engulf Portugal sent investors away from risk.
                                
 Story: [ID:nLDE7090GG] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEE POWER: Czech day ahead prices eased on Monday as
temperatures rose and ahead of forecasts for higher wind
generation later in the week week, while Cal '12 baseload hit
its highest level since July, market participants said.
                                
 Story: [ID:nLDE7091EM] Related news: [RTRS-LEN-CZ-DRV]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                
                                 close    on day     in 2010
 vs Euro    <EURCZK=>     24.589     24.618    0.12       1.64
 vs Dollar     <CZK=>     18.975     19.056    0.43      -1.64
 Czech Equities <.PX>  1,214.8    1,214.8     -2.29      -0.82
 U.S. Equities <.DJI> 11,637.45  11,674.76    -0.32       0.52
 Pvs close or current levels vs prior domestic close at 1500 GMT

 ==========================PRESS DIGEST=========================
                                
 CEZ RENEWABLES: CEZ <CEZPsp.PR> CEO Martin Roman said it is
not a good time for an IPO of the group's renewable energy
division, but said it was not a bad time to look at minority
partner for some parts of the unit.
                                
 Lidove Noviny, page 14
                                
 
                                
 SHOPPING PAUSE: The newspaper said that this year, for the
first time in 20 years, a new, larger shopping center will not
be opened.
                                
 Lidove Noviny, page 1
                                
 
                                
 DIOXINS: No dioxin-contaminated food products from Germany
have been discovered by regulators in the Czech Republic,
authorities said.
                                
 E15, page 9
                                
 
                                
 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