Czech Republic - Factors To Watch on June 24

                                
 PRAGUE, June 24 (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 - 15-year government bond auction <CZ1002547=>.
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 PRAGUE - Chemicals group Unipetrol <UNPEsp.PR>, a unit of
Poland's PKN Orlen <PKNA.WA> to hold an annual shareholders'
meeting.
                                
 Related news: [RTRS-LEN-CZ-CHE]
                                
 
=========================TOP NEWS===============================
                                
 LAST ONE TO SIGN: Czech President Vaclav Klaus will wait for
all European Union countries to ratify the Lisbon Treaty and for
a domestic court ruling before he signs the charter himself, he
said.
                                
 Story: [ID:nLN464983] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 ORCO-COLONY DEAL: Orco Property Group <ORCO.PA> <ORCOsp.PR>
agreed to grant U.S. group Colony Capital warrants that could
boost its capital by 80 million euros ($111 million) or more
once it escapes from creditor protection.
                                
 Story: [ID:nLN714179] Related news: [RTRS-LEN-CZ-REA]
                                
 
                                
 CEE WEAKER: The Czech crown retreated from this week's highs
on Tuesday, while market relief that Poland widened its budget
gap target less than feared buoyed the zloty.
                                
 Story: [ID:nLN711613] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 BANK BALANCE SHEETS TO SHRINK: Emerging European bank
balance sheets will shrink this year as the financial crisis
sweeps across the region, ending five years of rampant credit
growth that fuelled a boom, the region's No.2 lender said.
                                
 Story: [ID:nLN875724] Related news: [RTRS-LEN-CZ-BNK]
                                
 
                                
 SUPERVISION: EU proposals to set up pan-EU supervisory
bodies have come too soon and emphasis should have been placed
on improving national oversight, Czech central bank board member
Eva Zamrazilova said.
                                
 Story: [ID:nLN147613] Related news: [RTRS-LEN-CZ-REG]
                                
 
                                
 FITCH AFFIRMS: Fitch Ratings affirmed the Czech Republic's
sovereign long-term foreign currency Issuer Default Rating (IDR
at "A+".
                                
 Story: [ID:nWLA7178] Related news: [RTRS-LEN-CZ-AAA]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities  <.PX>   885.9    885.9   +0.00          N/A 
 vs Euro     <EURCZK=>  26.195   26.195   +0.00         +2.27
 vs Dollar      <CZK=>  18.584   18.606   +0.15         +2.86
 U.S. Equities  <.DJI>   8,323    8,339   -0.19         -5.17
 Pvs close or current levels vs prior domestic close at 1600 GMT
                                
 
=========================PRESS DIGEST===========================
                                
 CEE CHANGE: Central and eastern European countries will have
to change their economic imbalances the most due to the crisis,
the IMF's European chief Marek Belka said.
                                
 Hospodarske Noviny, page 3
                                
 
                                
 AD DROP: Czech advertising spending, with the exception of
interest ads, is expected to drop 21.9 percent this year,
according to firm OMD.
                                
 Lidove Noviny, page 18
                                
 
                                
 CRISIS IMPACT: According to research from the first quarter,
47 percent of Czech small- and mid-sized firms have felt an
impact from the economic crisis, with 41 experiencing a drop in
orders. Frims Ipsos Tambor and Citibank CitiBusiness conducted
the survey of 1,800 firms.
                                
 Lidove Noviny, page 15
                                
 
                                
 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)