PRAGUE, March 31 (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 hour)
======================== ECONOMIC DATA ========================
February money supply and Q4 foreign debt data at 0800 GMT.
Real-time economic data releases....................<ECONCZ>
Previous stories on Czech data.............[]
Overview of economic data and forecasts..........<CZ/ECON15>
Updates on CEE currencies.............................[]
=========================== EVENTS =============================
PRAGUE - The lower house of parliament to hold an
extraordinary session. It is scheduled to discuss the ownership
of Letiste Praha, the state-run operator of the Prague
international airport (1200 GMT).
Related news: []
PRAGUE - The lower house of parliament to continue its
session.
Related news: []
PRAGUE - Conference "Economic Crisis in the Czech Republic"
with Czech central bank (CNB) Vice-Governor Miroslav Singer
(1315 GMT).
Related news: []
PRAGUE - Developer ORCO <ORCO.PA> <> should release
2008 results.
Related news: []
===========================TOP NEWS===========================
SERVICE TAX: The Czech government on Monday approved cutting
the value added tax (VAT) paid in much of the service sector in
a bid to support employment as the economic slowdown
accelerates.
Story: [] Related news: []
CEE FX FALL: The forint slid on Monday when Standard &
Poor's cut Hungary's rating to one notch above junk, and
investors' risk aversion overshadowed the choice of the
country's new prime minister to lead it out of crisis.
Story: [] Related news: []
CZECHS SELL CO2 CREDITS: The Czech Republic will sell 40
million tonnes of surplus greenhouse gas emissions rights to
Japan in a government-to-government deal, the European country's
Environment Ministry said on Monday.
Story: [] Related news: []
PHILIP MORRIS CR PROFIT DOWN: Net profit at Czech tobacco
group Philip Morris CR <TBAKsp.PR> dropped to 1.53 billion
crowns ($73.59 million) in 2008 from 2.42 billion the year
before, the company said on Monday.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2009
Czech Equities <> 745.1 745.1 +0.00 -100.00
vs Euro <EURCZK=> 27.600 27.600 +0.00 -2.93
vs Dollar <CZK=> 20.771 20.803 +0.15 -8.00
U.S. Equities <> 7,522 7,776 -3.27 -14.29
Pvs close or current levels vs prior domestic close at 1600 GMT
===========================PRESS DIGEST=========================
POLITICAL HORSE TRADING: The government agreed to debate the
opposition Social Democrats' plans to introduce a 25,000 crown
($1,203) scrap subsidy in parliament. In exchange, the
opposition agreed to consider government plans to lower social
security tax.
Hospodarske Noviny, page 1
SKODA LOOKING AT SATURDAY SHIFTS: Skoda Auto, a unit of
Volkswagen <VOWG.DE>, is considering re-introducing a Saturday
production shift to meet rising demand.
Hospodarske Noviny, page 15
BANKS' PROFIT LOWER: Profit at Czech banks and savings banks
dropped 2.8 percent to 45.66 billion crowns ($2.20 billion) last
year.
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 []
For summary of economic data and forecasts <CZ/ECON01>
For diary of forthcoming Czech events []
For calendar of east European economic indicators []
TOP NEWS -- Emerging markets []
TOP NEWS -- Convergence watch []
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 <> Budapest BUX <> Prague PX <>
News editor of the day: Jan Lopatka on +420 224 190 474;
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E-mail: prague.newsroom@reuters.com
(Compiled by Jason Hovet)
