Czech Republic - Factors To Watch on Sept 24

                                
 PRAGUE, Sept 24 (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 + 2 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 - News conference with CEZ <CEZPsp.PR> sales director
Alan Svoboda at 0730 GMT
                                
 Related news: [RTRS-LEN-CZ-ELG]
                                
 
                                
 PRAGUE - 5-year government bond auction <CZ1001887=>
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
========================= TOP NEWS ============================
                                
 ING UPGRADES ZENTIVA: ING raised its recommendation for
Czech drugs maker Zentiva to hold from sell and increased its
price target to 1,150 Czech crowns from 950 crowns, citing
Sanofi-Aventis bid [ID: nLN219373].
                                
 Story: [ID:nPRG001020] Related news: [RTRS-LEN-CZ-RCH]
                                
 
                                
 FOXCONN SHITFTING CZECH PRODUCTION: Taiwanese Foxconn's
<2038.HK> plans to move Acer <2353.TW> computer production to
Hungary from the Czech Republic is for expansion reasons, the
company said, quashing fears it was cutting back its Czech
business.
                                
 Story: [ID:nLN359276] Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
JAPAN TO BUY EXCESS CZECH EMISSION CREDITS: Japan signed an
agreement with the Czech Republic to buy surplus allowances for
greenhouse gas emissions, helping it achieve its reduction goals
under the Kyoto Protocol, the Czech Environment Ministry said
                                
 Story: [ID:nLN556677] Related news: [RTRS-LEN-CZ-CO2]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,277.7  1,309.9   -2.46        -29.61
 vs Euro     <EURCZK=>  24.130   24.060   -0.37         +9.73
 vs Dollar      <CZK=>  16.433   16.333   -0.57        +10.61
 U.S. Equities  <.DJI>  10,854   11,016   -1.47        -18.17
 Pvs close or current levels vs prior domestic close at 1500

 ======================= PRESS DIGEST===========================
                                
 CEZ IN ROMANIA: Romanian media  reported CEZ <CEZPsp.PR> won
a tender to build a new power station in Romania's Borzesti. But
Romania's Termoelectrica, the manager of the project, denied the
news. CEZ said it had no news concerning the result of the
tender.
                                
 E15, page 8
                                
 
                                
 CEZ WELCOMES MOLL PLAN: CEZ <CEZPsp.PR> and RWE's <RWEG.DE>
Czech unit RWE Transgas both welcome an effort by Hungary's MOL
<MOLB.HU> to create a natural gas network of seven Central
European countries in a bid to curb dependence on Russia.
                                
 Hospodarske Noviny, page 15
                                
 
                                
 NEW GAS STORAGE CAPACITY IN THE PIPELINE: Czech power trader
Ceska Energeticka plans to build a 2 billion crown ($121.4
million) gas storage facility in the south of the Czech
Republic.
                                
 Hospodarske Noviny, page 16
                                
 
                                
 REGULATION OF CHEMICALS: Parliament overrode a presidential
veto, and approved an amendment regulating chemicals and
implementing EU's REACH directives.
                                
 E15, page 3

                                
 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)