Czech Republic - Factors To Watch on Sept 25

                                
 PRAGUE, Sept 25 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Thursday. 
                                
 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 - 26-week T-bill auction.
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 PRAGUE - Czech central bank governing board to meet on
interest rates. An announcement is expected sometime after 1000
GMT with a news conference to follow at around 1200 GMT.
                                
 Related news: [RTRS-LEN-CZ-PLCY]
                                
 
========================= TOP NEWS ============================
                                
 ERSTE CUTS ORCO TARGET: Erste Bank reiterated a "buy" rating
for developer Orco Property Group <ORCO.PA> <ORCOsp.PR> but cut
price target to 41 euros from 48 euros.
                                
 Story: [ID:nWAR007365] Related news: [RTRS-LEN-CZ-RCH]

                                
 C.BANK SEEN ON HOLD: Central European policy makers will
likely leave interest rates flat when they meet over the next
two weeks, but worries over the impact of the global credit
crisis are softening the outlook for the coming months.
                                
 Story: [ID:nLP496602] Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 NWR NOT INTERESTED IN POLISH MINE: Czech coal mining group
New World Resources <NWRS.L> <NWRSsp.PR> is not interested in
buying the Silesia coal mine in southern Poland, an NWR
spokesman said on Tuesday, denying a report in Polish press.
                                
 Story: [ID:nLP210192] Related news: [RTRS-LEN-CZ-MIN]
                                
 
                                
 VIENNA BOURSE UPS STAKE IN HUNGARY BOURSE: Vienna stock
market operator Wiener Boerse gained approval to acquire a
majority stake in the Budapest Stock Exchange on Wednesday,
bolstering its base in emerging Europe in a race with the Warsaw
bourse.
                                
 Story: [ID:nLO250538] Related news: [RTRS-LEN-CZ-MRG]
---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,283.1  1,277.7   +0.42        -29.31
 vs Euro     <EURCZK=>  24.425   24.360   -0.27         +8.50
 vs Dollar      <CZK=>  16.619   16.606   +0.07         +9.49
 U.S. Equities  <.DJI>  10,825   10,854   -0.27        -18.39
 Pvs close or current levels vs prior domestic close at 1500

 ======================= PRESS DIGEST===========================
                                
  CO2 ALLOWANCES: Full auctioning of CO2 emission allowances,
as proposed by European Commission and slated to launch in 2013,
would mean a rise in power prices by 15 to 20 eur per MWh, CEZ
<CEZPsp.PR> sales director said.
                                
 E15, page 9
                                
 
                                
 PRAGUE BOURSE SALE: Warsaw Stock Exchange is "the worst
possible" buyer for the Prague Stock Exchange (PSE) as it may
try to dampen Prague's operations in favour of its own market,
the PSE's CEO Petr Koblic said on a radio talk show late on
Wednesday. 
                                
 Radio Impuls
                                
 
                                
 VIENNA REITERATES INTEREST IN PRAGUE BOURSE: Vienna stock
market operator Wiener Boerse's chief executive Michael Buhl
reiterated the Austrian bourse is keen on acquiring Prague Stock
Exchange, scheduled to be sold by year's end.
                                
 E15, page 14
                                
 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 Jana Mlcochova)