Czech Republic - Factors To Watch on Oct 21

                                
 PRAGUE, Oct 21 (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 + 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/]

===========================EVENTS==============================
                                
 PRAGUE - The lower house of parliament to hold a session,
may vote on the 2010 state budget draft in the first reading.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - 3-year government bond auction <CZ1002505=>.
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
==========================TOP NEWS============================
                                
 CSA LOSS: National carrier Czech Airlines (CSA) expects to
post a 3.2 billion crown ($186 million) loss this year despite
efforts to halt the company's slide into the red, the firm said
on Tuesday.
                                
 Story: [ID:nLK563691] Related news: [RTRS-LEN-CZ-AIR]
                                
 
                                
 W-SHAPED RECOVERY: Risks of a W-shaped recovery in the Czech
economy persist and the worst is still ahead for the corporate
sector and the labour market, central bank Vice-Governor
Miroslav Singer said on Tuesday.
                                
 Story: [ID:nLK369871] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 CEE MARKETS: Hungary's forint hit its highest since January
and longer-dated bonds firmed on Tuesday on expectations the
central bank will moderate further rate cuts, while the Polish
zloty breached a key level to the euro.
                                
 Story: [ID:nLK430417] Related news: [RTRS-LEN-CZ-FRX]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>  1169.1    1169.1    1.48       36.23
 vs Euro    <EURCZK=>  25.807    25.797   -0.04        3.54
 vs Dollar     <CZK=>  17.269    17.265   -0.02        9.65
 U.S. Equities <.DJI>  10041.48  10092.1  -0.5        14.41
 Pvs close or current levels vs prior domestic close at 1600

==========================PRESS DIGEST========================
                                
 TOCR OUTLOOK: The Czech telecoms market could start to pick
up again in 2010, Telefonica O2 Czech Republic's <TOCRsp.PR>
chief executive Salvador Anglada said.
                                
 Pravo, page 14
                                
 
                                
 ECM LOSS: Developer ECM Real Estate Investments <ECMPsp.PR>
does not expect to make a profit this year, its chief executive
said.
                                
 Hospodarske Noviny, page 25
                                
 
                                
 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)