Czech Republic - Factors To Watch on Oct 29

                                
 PRAGUE, Oct 29 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Friday.
                                
 ALL TIMES GMT (Czech Republic: GMT + 2 hours)

=========================ECONOMIC DATA=========================
                                
 September money supply 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/]
                                
 
============================EVENTS==========================
                                
 PRAGUE - Chemicals group Unipetrol <UNPEsp.PR>, a unit of
Poland's PKN Orlen <PKNA.WA> news conference on quarterly
results at 0900 GMT, conference call at 1200 GMT.
                                
 Related news: [RTRS-LEN-CZ-CHE]
                                
 
                                
 PRAGUE -The lower house of parliament to continue a session.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
============================MORNING NEWS======================
                                
 UNIPETROL RESULTS: Net profit at Czech downstream oil group
Unipetrol <UNPEsp.PR> dropped a touch less than expected in the
third quarter from the previous three months, hurt by weaker
refinery margins and one-off charges. 
                                
 Story: [ID:nLDE69S04M] Related news: [RTRS-LEN-CZ-CHE]
                                
 
                                
 ERSTE RESULTS: Emerging Europe's No.3 lender Erste Group
Bank <ERST.VI> reported a 16 percent rise in third quarter net
profit on Friday, beating market expectations, as loan loss
provisions fell more than expected.
                                
 Story: [ID:nVIE003578] Related news: [RTRS-LEN-CZ-BNK]

============================TOP NEWS==========================
                                
 CESKA SPORITELNA CEO: Former Czech central banker Pavel
Kysilka will take over as chief executive at the biggest Czech
bank, Erste Group Bank <ERST.VI> unit Ceska Sporitelna, Erste
said on Thursday.
                                
 Story: [ID:nLDE69R24I] Related news: [RTRS-LEN-CZ-BNK]
                                
 
                                
 CEE MARKETS: Hungary's forint surged on Thursday, helped by
long zloty position closings after Poland's central bank kept
interest rates on hold and ahead of the publication of Hungary's
2011 draft budget.
                                
 Story: [ID:nLDE69R0LY] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CO2 TAX: The Czech Republic plans to slap a tax of about 30
percent on carbon credits in 2011 and 2012, a higher-than
expected rate as the government seeks funds to limit power price
hikes due to a solar boom, Industry Minister Martin Kocourek
said on Wednesday.
                                
 Story: [ID:nLDE69Q25E] Related news: [RTRS-LEN-CZ-ENR]
                                
 
                                
 BUDGET: The Czech lower house approved the government's
draft 2011 budget, which outlines public spending cuts to reduce
the overall fiscal deficit to 4.6 percent of GDP, in the first
of three readings on Wednesday.  
                                
 Story: [ID:nLDE69Q24M] Related news: [RTRS-LEN-CZ-GVD]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                
                                 close    on day     in 2010
 vs Euro    <EURCZK=>     24.611     24.656    0.18       6.49
 vs Dollar     <CZK=>     17.745     17.901    0.87       3.44
 Czech Equities <.PX>  1,163.9    1,163.9      0.81       4.17
 U.S. Equities <.DJI> 11,113.95  11,126.28    -0.11       6.58
 Pvs close or current levels vs prior domestic close at 1500 GMT
                                
 
=========================PRESS DIGEST==========================
                                
 ORCO BUILDING: Orco Property Group <ORCOsp.PR>, which
restructured debt this year, has secured financing to restart
about 40 development projects stopped before, its CEO
Jean-Francois Ott said.
                                
 Mlada Fronta Dnes, page A11
                                
 
                                
 SKODA SALES: Skoda Auto, a Volkswagen <VOWG.DE> unit,
confirmed it raised nine-month sales 12.8 percent to 568,990
vehicles, mainly on growing sales in China.
                                
 Hospodarske Noviny, page 17
                                
 
                                
 ECON OUTLOOK: The Czech economy will likely stagnate next
year, showing growth of no more than 1 percent, the
macroeconomic section of the union umbrella group CMKOS
estimates. The forecast is lower than outlooks done by the
finance ministry and central bank.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 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>

                                
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 E-mail: prague.newsroom@reuters.com