Czech Republic - Factors To Watch on Sept 9

                                
 PRAGUE, Sept 9 (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=========================
                                
 August inflation data at 0700 GMT.
                                
 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 Czech cabinet to hold a session. Debate on
savings package to cut the 2010 budget deficit on the schedule.
News conference to follow.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - The lower house of parliament to continue session,
may debate constitutional amendment that would allow planned
early elections to go forward by early November.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - Online interview with Czech central bank (CNB)
Governor Zdenek Tuma on Web site www.patria.cz (1200 GMT).
                                
 Related news: [RTRS-LEN-CZ-CEN]
                                
 
==========================TOP NEWS============================
                                
 FRAGILE RECOVERY: A steep downward revision in Czech
second-quarter GDP and weakness in output across central Europe
showed the fragility of the region's recovery on Tuesday.
                                
 Story: [ID:nL8210316] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 GDP Y/Y FALL WORSE: The Czech economy fell by a real 5.5
percent on an annual basis in the second quarter, the
statistical bureau said on Tuesday, deeper than an August 14
flash estimate showing a drop of 4.9 percent.
                                
 Story: [ID:nL8380265] Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
 CEE MARKETS: The Hungarian forint and Czech crown mostly
shrugged off data on Tuesday that showed how slow economic
recovery would be in these countries, trading in ranges as
markets turned cautious after previous gains.
                                
 Story: [ID:nL8159040] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 SELL CZK, BUY PLN: Danske Bank recommended buying the zloty
<EURPLN=> against the Czech crown <EURCZK=> on better economic
prospects and said the Polish unit had more to gain after
steeper falls in the first part of the year.
                                
 Story: [ID:nL8307586] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEZ IN ROMANIA: Romanian state investment fund Fondul
Proprietatea said on Tuesday it has agreed to sell the minority
stakes it holds in two CEZ <CEZPsp.PR> units to the Czech
electricity firm for 230 million euros ($330.9 million).
                                
 Story: [ID:nL8238922] Related news: [RTRS-LEN-CZ-MRG]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>    --      1158.6    0.22         35.0
 vs Euro   <EURCZK=>   25.496    25.453   -0.17          4.7
 vs Dollar    <CZK=>   17.563    17.48    -0.47          8.11
 U.S. Equities <.DJI> 9497.34   9441.27    0.59          8.21
 Pvs close or current levels vs prior domestic close at 1600

==========================PRESS DIGEST========================
                                
 J&T IN UNIPETROL: Investment group J&T, which holds a 6.78
percent stake in Unipetrol <UNPEsp.PR>, wants to raise its
shareholding to above 10 percent in the Czech downstream oil
company, a source said.
                                
 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 Jason Hovet)