Czech Republic - Factors To Watch on May 29

                                
 PRAGUE, May 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 ========================
                                
 March industrial preliminary data.
                                
 April 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/]
=========================DIARY==================================
                                
 PRAGUE - Nuclear Forum 2009 with attendance by Czech Prime
Minister Jan Fischer, Slovak Prime Minister Robert Fico, Prime
Ministers and high level representatives of the other EU Member
States and European Commission officials. News conference at
0830 GMT.
                                
 Related news: [RTRS-LEN-CZ-ENR]
                                
 
=========================TOP NEWS===============================
                                
 EASING POSSIBLE: The Czech central bank may cut interest
rates further if the economic situation warrants another move,
central bank Vice-Governor Miroslav Singer said in remarks
prepared for delivery later on Thursday.
                                
 Story: [ID:nLS150636] Related news: [RTRS-LEN-CZ-INT]
                                
 
                                
 CEE FX: Weakening of Eastern European currencies halted on
Thursday as traders said the Polish government entered the
market directly to defend the zloty at the 4.50 level against
the euro.
                                
 Story: [ID:nLS937074] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 EARLY ELECTIONS ON TRACK: The Czech upper house voted on
Thursday to hold an early election which will decide between
leftists promising to protect the poor in the economic crisis
and right-wingers who were forced from power in March.
                                
 Story: [ID:nLS203237] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PEGAS BEATS ESTIMATES: Textile maker Pegas Nonwovens
<PGSNsp.PR> posted a forecast-beating 59.3 percent year-on-year
jump in first-quarter operating profit, as it drew down
inventories and benefited from lower input prices.
                                
 Story: [ID:nLS606783] Related news: [RTRS-LEN-CZ-TEX]
                                
 
                                
 SKODA UPS PRODUCTION: Volkswagen's <VOWG.DE> Czech unit
Skoda Auto has boosted production capacity for its budget Fabia
model by 20 percent due to rising demand helped by scrappage
subsidies in its key markets, Skoda said on Thursday.
                                
 Story: [ID:nLS988142] Related news: [RTRS-LEN-CZ-MCE]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities  <.PX>   901.5    901.5   +0.00          N/A 
 vs Euro     <EURCZK=>  26.870   26.930   +0.19         -0.33
 vs Dollar      <CZK=>  19.185   19.204   +0.11         -0.38
 U.S. Equities  <.DJI>   8,404    8,300   +1.25         -4.25
 Pvs close or current levels vs prior domestic close at 1600 GMT

=========================PRESS DIGEST===========================
                                
 CEE THREAT: The financial crisis in central Europe has
mostly passed, and threats on inflows of money or banks pulling
out have eased. But economies are still in weak conditions, a
Moody's analyst said.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 PROJECT DELAY: Central Group, one of the largest Czech
developers, is putting off new projects until at least autumn
due to tougher lending conditions, its CEO said.
                                
 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>

                                
 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 Jason Hovet)