PRAGUE, Jan 20 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday.
ALL TIMES GMT (Czech Republic: GMT + 1 hour)
=========================ECONOMIC DATA=========================
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 - Bank of England monetary policy board member Adam
Posen to speak at a joint Czech central bank/CERGE seminar at
1530 GMT.
Related news: []
LUXEMBOURG - Developer Orco Property Group <>
<ORCO.PA> holds general meetings for holders of 2012 warrants
(1000 GMT).
Related news: []
=========================TOP NEWS=============================
KIT DIGITAL LISTING: Nasdaq-listed video technology provider
KIT digital <KITD.O> plans to offer up to 2.5 million new shares
on the Prague Stock Exchange and up to 4 million shares on
Nasdaq in the coming days, a draft prospectus for the issue
showed.
Story: [] Related news: []
ELECTION: The Czech leftist party Social Democrats (CSSD)
extended its lead over the main right-wing Civic Democrats for a
fourth straight month, and ahead of an election in mid-2010, a
survey showed on Tuesday.
Story: [] Related news: []
U.S. DOLLAR BOND: The Czech Finance Ministry is considering
tapping the market for dollar-denominated bonds this year, a
Finance Ministry debt department official said on Tuesday.
Story: [] Related news: []
CEE MARKETS:The crown edged up on Tuesday, helped by
central bank comments that Czech interest rates may be at the
bottom, while its central European peers inched lower as a weak
ZEW index in Germany dented risk appetite.
Story: [] Related news: []
---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency Latest Prev Pct change Pct change
close on day in 2010
Czech Equities <> 1209,9 1209,9 0,14 8,29
vs Euro <EURCZK=> 25,827 25,769 -0,23 1,87
vs Dollar <CZK=> 18,191 18,04 -0,84 1,01
U.S. Equities <> 10725,43 10609,65 1,09 2,85
Pvs close or current levels vs prior domestic close at 1600
=========================PRESS DIGEST===========================
TAXES: The Finance Ministry is working on a tax reform
proposal aimed at raising tax revenues to cut the ballooning
budget deficit. The draft included raising personal income flat
tax from a person's gross salary to 25 percent from the present
23 percent. The draft also assumes cancelling the ceiling for
social insurance tax, currently set at an income of 1.7 million
crowns ($93,970) a year. The proposal will be ready by March and
it will be up to the next government coming from a May election
whether it adopts the measures.
Hospodarske Noviny, page 1
CME: TV Nova, a Czech unit of Bermuda-based television group
Central European Media Enterprises <>, plans to buy
Czech news agency Mediafax owned by Adrian Sarbu, who is at the
same time CME's chief executive. The value of the transaction
was not disclosed.
Hospodarske Noviny, page 17
EURO: Finance Minster Eduard Janota said it was unrealistic
for the Czech Republic to adopt the euro in 2015 without a
profound public finance reform.
Lidove 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 []
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;
fax: +420 224 229 935
(Compiled by Jana Mlcochova)
E-mail: prague.newsroom@reuters.com
