BRATISLAVA, Nov 12 (Reuters) - Here are news stories, press
reports and events to watch which may affect Slovak financial
markets on Wednesday.
OCTOBER HEADLINE INFLATION
The Statistics Office will publish October headline
inflation data, 0700 GMT. Analysts forecast consumer prices to
rise by 0.3 percent on the month and by 5.0 percent annually.
OCTOBER CORE INFLATION
The Statistics Office will publish October core inflation
data, 0700 GMT. Core inflation was forecast to rise by 0.1
percent month-on-month and 4.9 percent year-on-year.
GOVERNMENT MEETING
Government will hold its regular weekly meeting.
SLOVAKIA FOLLOWS ECB, CUTS REPO RATE 50 BP
Slovakia's central bank cut its main two-week repo rate by
50 basis points to 3.25 percent on Tuesday in an unexpected move
to bring it back in line with euro zone borrowing rates before
it adopts the euro in January.
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CBANK SAYS RATE CUT WILL NOT BOOST INFLATION
The Slovak central bank said its board voted unanimously
10-0 to cut the main two-week repo rate by 50 basis points on
Tuesday, adding it did not expect the monetary policy easing to
boost inflation.
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SEPT TRADE SURPLUS DOWN AMID GLOBAL SLOWDOWN
Slovakia's foreign trade surplus narrowed in September, data
showed on Tuesday, as cheaper oil imports partly offset weaker
foreign demand for its goods.
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C.BANK DRAINS SKK 154.3 BLN IN REPO TENDER
The Slovak central bank (NBS) accepted all bids in a regular
two-week repo tender on Tuesday, draining 154.287 billion crowns
($6.54 billion) from the market, NBS data showed.
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PRESS DIGEST
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FICO TO MEET GYURCSANY
Prime Minister Robert Fico will met his Hungarian
counterpart Ferenc Gyurcsany in the southern Slovak town of
Komarno on Saturday to debate tensions between the two countries
which have escalated in the past few days.
Sme, page 1
$251 MLN INVESTMENT
An undisclosed company is to invest some 6 billion crowns
($250.7 million) into a factory producing liquid crystal
displays (LCD).
Hospodarske Noviny, page 15
PENSION RISKS
Analysts have called on the government to withdraw the 2009
state budget draft from parliament and amend it, saying the
cabinet should count on cash inflow from the transfers of people
from the private pension funds into the state-run pay-as-you-go
system.
Sme, page 7
JOB CUTS
Several engineering companies in the northern Slovak region
of Zilina are expected to lay off more than 500 people because
of the impact of global economic slowdown.
Hospodarske Noviny, page 1
Reuters has not verified the media reports, nor does it
vouch for their accuracy
News editor of the day: Peter Laca on +421 2 5341 8402; fax:
+421 2 5341 8403
E-mail: editorial@reuters.sk,
martin.santa@thomsonreuters.com
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