Czech Republic - Factors To Watch on June 3

                                
 PRAGUE, June 3 (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 Czech currency.............................[CZK/]
                                
 
========================= EVENTS ===============================
                                
 PRAGUE- Czech Prime Minister Mirek Topolanek and U.S.
Commerce Secretary Carlos Gutierrez to meet. Scheduled to
discuss two-sided relations (0700 GMT).    
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 HAMILTON, Bermuda - Central European Media Enterprises (CME)
<CETVsp.PR> <CETV.O> to hold an annual shareholders' meeting.
                                
 Related news: [RTRS-LEN-CZ-PUB]
                                
 
                                
 PRAGUE - The lower house of parliament to hold a session.
Agenda includes controversial law on restitution of church
property and pension reform.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
======================= TOP NEWS ===============================
                                
 DEBT ISSUANCE: The Czech Republic has set guidance on a
benchmark 10-year eurobond, returning to the international debt
market for the first time since 2005 as domestic borrowing costs
rise.
                                
 Story: [ID:nL02466233] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 AIRPORT SALE: The Czech government approved a plan on Monday
to sell the country's main air travel hub Prague Airport in a
privatisation tender, Prime Minister Mirek Topolanek said.
                                
 Story: [ID:nL02658494] Related news: [RTRS-LEN-CZ-AIR]
                                
 
                                
 CPI SEEN FLAT: Czech consumer prices probably rose 0.4
percent in May on fuel and food prices and tax hikes, keeping
annual inflation on a slow path down from where it has climbed
high above the central bank's target, a survey showed on Monday.
                                
 Story: [ID:nL02653890] Related news: [RTRS-LEN-CZ-ECI]
                                
 Table: [ID:nL02179988]
                                
 
                                
 POOR CEE PMI: Emerging Europe's star economies are feeling
the pinch from the euro zone slowdown, with data showing signs
of a drop off in manufacturing that has been exacerbated by
their strong currencies.
                                
 Story: [ID:nL02051520] Related news: [RTRS-LEN-CZ-ECI]
                                
 
====================== ELSEWHERE IN NEWS =======================
                                
 PMI DROPS: The Czech Purchasing Managers' Index (PMI)
dropped to 51.8 in May from 54.1 in April, NTC Research and ABN
Amro said on Monday, the weakest reading in three years.
                                
 Story: [ID:nL02418213] Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
 WAGES RISE: Czech real average monthly wage rose 2.8 percent
year-on-year in January-March, accelerating from the previous
quarter despite a rise in inflation.
                                
 Story: [ID:nL02226986] Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
 CTP SHARE OFFERING: Closely-held Czech real estate developer
CTP said on Monday it planned to raise about 180 million euros
through a private placement of shares in its real estate fund
CTP Property NV.
                                
 Story: [ID:nL02256585] Related news: [RTRS-LEN-CZ-REA]
                                
 
                                
 BUDGET GAP WIDENS: The Czech central state budget showed a
38.32 billion Czech crown ($2.38 billion) deficit for
January-May, up from a year ago, data showed on Monday.
                                
 Story: [ID:nL02713779] Related news: [RTRS-LEN-CZ-DBT]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,678.5  1,685.1   -0.39         -7.53
 vs Euro     <EURCZK=>  24.870   25.020   -0.19         +5.71
 vs Dollar      <CZK=>  15.973   16.076   -0.14        +12.87
 U.S. Equities  <.DJI>  12,504   12,638   -1.06         -5.74
 Pvs close or current levels vs prior domestic close at 1500
 
====================== PRESS DIGEST ============================
                                
 AIRPORT PRICE: The government could raise up to 2.8 billion
crowns ($173.8 million) from the Prague Airport sale, the
state's adviser Credit Suisse said.
                                
 Hospodarske Noviny, page 16.
                                
 
                                
 CEZ/MOL DEAL: Czech power group CEZ <CEZPsp.PR> plans to
sell its two units I&C Energo and Enprospol to Hungary's oil and
gas group MOL <MOLB.BU>.    
                                
 Hospodarske Noviny, page 16.
                                
 
                                
 GE MONEY TO SELL SLOVAK UNIT TO PPF:
                                
 GE Money <GE.N> will sell its Slovak subsidiary to Czech
privately-owned group PPF.
                                
 Hospodarske Noviny, page 17
                                
 
                                
 NWR - Coal miner NWR <NWRSsp.PR> <NWRS.L> will have 10.94
percent weight in Prague Stock Exchange's main PX <.PX> index.
                                
 Hospodarske Noviny, page 23.
                                
 
                                
 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)