Czech Republic - Factors To Watch on Sept 22

                                
 PRAGUE, Sept 22 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Tuesday.
                                
 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 CEE currencies.............................[CEE/]
                                
 
==========================TOP NEWS============================
                                
 2010 BUDGET SAVINGS: The Czech cabinet proposed tax hikes
and spending cuts on Monday aimed at slashing the budget deficit
and setting up a showdown with political parties, and it warned
it may quit if the plan fails in parliament.
                                
 Story: [ID:nLL702737] Related news: [RTRS-LEN-CZ-GVD]
  * For a FACTBOX click on [ID:nLL665492]
                                
 
                                
 CEE MARKETS: Central European currencies retreated on Monday
from last week's gains and bond yields ticked up as investors
slimmed holdings in riskier assets and Fitch warned on the
region's rising debt levels.
                                
 Story: [ID:nLL690090] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 EURO DEBT: The Czech government will remove the impact of
newly planned auctions of euro-denominated debt from the foreign
exchange rate, the Finance Ministry said on Monday.
                                
 Story: [ID:nPRG003639] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 FITCH VIEW: The economic crisis will cause a jump in public
debt levels in Poland, the Czech Republic and Hungary by 2010
and could lead to negative rating moves if they fail to address
the problem, agency Fitch said on Monday.
                                
 Story: [ID:nLL667833] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 TEVA PLANT: Israeli drugmaker Teva Pharmaceutical <TEVA.TA>
will close one of its Czech factories by the end of the year,
cutting around 400 jobs.
                                
 Story: [ID:nLL40651] Related news: [RTRS-LEN-CZ-DRU]
                                
 
==========================PRESS DIGEST========================
                                
 REGULATION: New proposed regulation in Europe would worsen
capital allocation in financial systems and weighs on the growth
potential of European economies, Czech central bank
Vice-Governor Miroslav Singer said.
                                
 Hospodarske Noviny, page 13
                                
 
                                
 CEZ IN GERMANY: Germany may offer CEZ up to 15 percent of
its total investment in subsidies to build a new power plant in
the country.
                                
 Hospodarske Noviny, page 17
                                
 
                                
 
                                
 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)