New or amended items marked *
                                 ALL TIMES GMT (Note: Czech Republic GMT+2)
                                 See below for full macroeconomic forecasts
================================================================================
                                 UPCOMING ECONOMIC INDICATORS <ECONCZ>
 DATE---GMT/LOCAL---INDICATOR--------------PERIOD----FORECAST----PRIOR
 31/07  0800/1000   Money supply           June       n/f         8.0%
 01/08  0730/0930   PMI index              July       n/f        50.7
 01/08     n/a      Budget balance         July       n/f        -5.65bln
 04/08  0700/0900   Foreign trade          June       n/a         9.22bln
 07/08  0800/1000   FX reserves            July       n/f        24.21bln
 08/08  0700/0900   Inflation m/m          July       n/a         0.2%
 08/08  0700/0900   Inflation y/y          July       n/a         6.7%
 08/08  0700/0900   Unemployment           July       n/a         5.0%
 08/08  0700/0900   Industrial output      June       n/a         3.4%
 08/08  0700/0900   Construction output    June       n/f        -2.9%
 12/08  0800/1000   CA balance CZK         June       n/a       -11.68bln
 14/08  0700/0900   GDP estimate           Q2         n/a         5.3%
 14/08  0700/0900   Producer prices m/m    July       n/a         0.8%
 14/08  0700/0900   Producer prices y/y    July       n/a         5.3%
 14/08  0700/0900   Export prices y/y      June       n/f        -5.4%
 14/08  0700/0900   Import prices y/y      June       n/f        -3.3%
 14/08  0700/0900   Retail sales y/y       June       n/a         1.2%
================================================================================
                                 COMPANY RESULTS
 DATE---COMPANY----------RIC------------SECTOR------AVERAGE FCAST--FORECAST ----
                                                                                                  ITEM
                                                                                   CZK bln
 22/07  Zentiva          <>    Pharma          4.58         H1 revenues
 24/07  Telefonica O2    <>    Telecoms         n/a         H1 results
 30/07  Erste Bank       <ERST.VI>      Bank             n/a         H1 results
 30/07  Ceska Sporitelna <>    Bank             n/a         H1 results
 31/07  CME              <CETV.O>       Media            n/a         Q2 results
 04/08  Zentiva          <>    Pharma           n/a         H1 results
 06/08  Komercni Banka   <>    Bank             n/a         H1 results
 13/08  Unipetrol        <>    Oil              n/a         H1 results
 14/08  CEZ              <>    Energy           n/a         H1 results
 21/08  VIG    <VIGR.VI> <VIGRsp.PR>    Insurance        n/a         H1 results
 27/08  ECM              <>    Real estate      n/a         H1 results
 27/08  PEGAS            <>    Textil           n/a         H1 results
 28/08  AAA              <>    Cars             n/a         H1 results
 28/08  ORCO             <>    Real estate      n/a         H1 results
--------------------------------------------------------------------------------
                                 NOTE. n/a = not yet available
                                       n/f = not forecast
                                 For real-time indicators, click on <ECONCZ>.
                                 For all Reuters short and medium-term forecasts of Czech indicators, click
on <CZ/ECON01>.
================================================================================
                                 
                                 TUESDAY, July 22
                                 PRAGUE - Drug maker Zentiva <> to release H1 revenues.
                                 WEDNESDAY, July 23
                                 PRAGUE - The Czech cabinet to hold a regular session. News conference to
follow.
                                 THURSDAY, July 24
                                 PRAGUE - Czech central bank governing board to hold a regular weekly
meeting. It is not scheduled to discuss monetary policy issues.
                                 PRAGUE - Telecoms operator Telefonica O2 Czech Republic <>, a unit
of Spain's Telefonica <TEF.MC> to release H1 results.
                                 OSTRAVA - Coal miner NWR <NWRSsp.PR> to hold news conference with board
chairman Miklos Salamon at 1200 GMT.
                                 
                                 WEDNESDAY, July 30
                                 VIENNA - Austria's Erste Bank <ERST.VI> <> to release H1 results.
                                 PRAGUE - Ceska Sporitelna <>, a unit of Erste Bank <ERST.VI>, to
release H1 results.
                                 THURSDAY, July 31
                                 PRAGUE - June money supply data at 0800 GMT.
                                 PRAGUE - Czech central bank governing board to hold a regular weekly
meeting. It is not scheduled to discuss monetary policy issues.
                                 LONDON - Television group Central European Media Enterprises <CETV.O>
<> to release Q2 results at 14:00 GMT.
FRIDAY, August 1
                                 PRAGUE - Purchasing Managers' Index (PMI) for July due out at 0730 GMT.
                                 PRAGUE - End-July budget balance data.
                                 MONDAY, August 4
                                 PRAGUE - June foreign trade at 0700 GMT.
                                 PRAGUE - Drug maker Zentiva <> to release H1 results.
                                 WEDNESDAY, August 6
                                 PRAGUE - Komercni Banka <> to release H1 results at 0800 GMT,
follows press conference at 1100 GMT and conference call at 1400 GMT.
                                 
                                 THURSDAY, August 7
                                 PRAGUE - July harvest estimate at 0700 GMT.
                                 PRAGUE - July foreign exchange reserves data at 0800 GMT.
                                 PRAGUE - 26-week T-bill auction.
                                 PRAGUE - Czech central bank governing board to meet on interest rates. An
announcement is expected sometime after 1000 GMT with a news conference to
follow at around 1330 GMT.
                                 FRIDAY, August 8
                                 PRAGUE - July inflation and June industrial and construction data at 0700
GMT.
                                 PRAGUE - July unemployment data at 0700 GMT.
                                 TUESDAY, August 12
                                 PRAGUE - June current account balance data at 0800 GMT.
                                 WEDNESDAY, August 13
                                 PRAGUE - Chemicals group Unipetrol <>, a unit of Poland's PKN Orlen
<PKNA.WA>, to publish H1 results.
                                 
                                 THURSDAY, August 14
                                 PRAGUE - Q2 gross domestic product estimate, July producer prices and June
retail sales and foreign trade prices data at 0700 GMT.
                                 PRAGUE - Power firm CEZ <> to release H1 results.
                                 
                                 FRIDAY, August 15
                                 PRAGUE - Minutes from the August 7 governing board meeting at 0700 GMT.
                                 
                                 WEDNESDAY, August 20
                                 PRAGUE - 5-year government bond auction <CZ1001887=>.
                                 THURSDAY, August 21
                                 VIENNA, Austria - Austria's Vienna Insurance Group <VIGRsp.PR> <VIGR.VI> to
release H1 results.
                                 WEDNESDAY, August 27
                                 PRAGUE - ECM Real Estate Investments <> to release H1 results.
                                 PRAGUE - Artificial textile maker Pegas Nonwovens <> to release H1
results.
                                  
                                 THURSDAY, August 28
                                 PRAGUE - 52-week T-bill auction.
                                 PRAGUE - Used car dealer AAA Auto <> to release H1 results.
                                 LUXEMBOURG - Developer Orco Property Group <> to release H1 results.
                                 
===========================SHAREHOLDERS MEETINGS================================
 COMPANY                   RIC                          DATE
 no meetings on the schedule
================================================================================