Czech Republic - Factors To Watch on June 30

                                
 PRAGUE, June 30 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Monday:
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

 ======================== ECONOMIC DATA ========================
                                
 May money supply and Q1 foreign debt 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 Czech currency.............................[CZK/]
                                
 
====================== TOP NEWS ===============================
                                
 FINMIN SEESN NO ROOM FOR TAX CUTS TILL 2010:  Czech Finance
Minister Miroslav Kalousek sees no room for more personal income
tax cuts in the  next two years if public spending is not
reduced.
                                
 Story: [ID:nL30115934]  Related news: [RTRS-LEN-CZ-GVD]
                                
 
                                
 TEMELIN PLANS NEW CLOSURE: Czech nuclear power plant Temelin
will reconnect its Unit 2 to the grid on Saturday night but
plans to shut down its Unit 1 for refuelling at the end of July,
owner CEZ <CEZPsp.PR> said.
                                
 Story: [ID:nL30273543] Related news: [RTRS-LEN-CZ-NUC]
                                
 
                                
 CZECH C. BANK: CROWN NOT IN LINE WITH PRODUCTIVITY: The
firming of the Czech crown currency is out of line with
fundamentals, the central bank (CNB) said on Friday after
meeting an exporters association.
                                
  Story: [ID:nPRG000876] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 GOVT CLEARS LOWER 2009 BUDGET GAP: The Czech government
approved a 2009 central government budget gap of 38.1 billion
crowns on Friday as it attempts to reign in spending and push
ahead reforms.
                                
  Story: [ID:nL2783631] Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 STORM CUTS GRAIN HARVEST:  A storm that swept through the
Czech Republic on Wednesday will cut this year's grain harvest
by 200,000 to 300,000 tonnes, news agency CTK said on Friday.
                                
 Story: [ID:nL27376383] Related news: [RTRS-LEN-CZ-FOD]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,478.0  1,479.8   -0.12        -18.57
 vs Euro     <EURCZK=>  23.860   23.980   +0.50        +11.06
 vs Dollar      <CZK=>  15.099   15.210   +0.73        +20.33
 U.S. Equities  <.DJI>  11,347   11,453   -0.93        -14.46
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST ===========================
                                
 
                                
 ERSTE EYES HUNGARY: Erste Bank's <ERSTsp.PR> chief executive
Andreas Treichl sees no immediate acquisition targets, eyes
Hungary, possibly Russia and Bulgaria.
                                
 E15, page 19
                                
 
                                
PRAGUE BOURSE: Shares on the Prague Stock Exchange had their
worst first half in thirteen years; the PX index has fallen
almost 19 percent.
                                
 E15, page 15.
                                
 
                                
  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 +420 224 190 477;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)