Czech Republic - Factors To Watch on Sept 2

                                
 PRAGUE, Sept 2 (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 - President Vaclav Klaus to meet chairman of upper
and lower house of Parliament, Prime Minister Jan Fischer and
leaders of main political parties at 0900 GMT.
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - 10-year government bond auction <CZ1002471=>.
                                
 Related news: [RTRS-LEN-CZ-DBT]

                                
 PRAGUE - Power firm CEZ <CEZPsp.PR> to hold a news
conference with trade director Alan Svoboda on power trading on
European electricity markets at 1200 GMT.
                                
 Related news: [RTRS-LEN-CZ-ELG]

                                
 PRAGUE - Roundtable with Iraq's Industry and Minerals
Minister Fawzi al-Hariri at 1330 GMT.
                                
 Related news: [RTRS-LEN-CZ-DIP]
                                
 
==========================TOP NEWS============================
                                
 ELECTION DELAYED:  A Constitutional Court ruling threatened
the Czech Republic's October parliamentary election on Tuesday,
causing political confusion as the country struggles with the
economic crisis and a ballooning budget gap. 
                                
 Story: [ID:nL1122221] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 CEE MARKETS: Central European currencies extended losses in
late trade on Tuesday after a slide in global stocks cut
appetite for risk, while the Czech crown was hit also by a court
ruling that threw early elections into doubt.    
                                
 Story: [ID:nL1563324] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 BUDGET WORSENS: The Czech central state budget showed a
89.58 billion crown ($5.06 billion) deficit for January-August,
a sharp reversal from a 5.32 billion surplus a year ago and a
deterioration from July.    
                                
 Story: [ID:nL126746] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 CEE BONDS: The prospect of rate cuts in Hungary and Romania
are likely to stay in bond investors' sights in the final months
of the year, setting up debt markets there to outperform their
economically sounder central European peers.
                                
 Story: [ID:nLQ614968] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 ROMANIA'S NUCLEAR DEAL: Czech power firm CEZ expects Romania
to renegotiate its nuclear power plant project to allow foreign
investors take a larger stake, CEZ's head of acquisitions said.
                                
Story: [ID:nL1593827] Related news: [RTRS-LEN-CZ-NUC]
                                
 
                                
 PMI: Manufacturing in Poland and the Czech Republic crept to
the brink of break-even in August, surveys showed on Tuesday,
indicating the sector may soon return to growth in the
export-heavy region.
                                
 Story: [ID:nL126234] Related news: [RTRS-LEN-CZ-MCE]
                                
 
                                
 OCTOBER BOND PLAN: The Czech Finance Ministry will offer 12
billion crowns ($677.2 million) worth of state bonds in two
auctions in October, slightly less than some players had
expected, supporting government paper prices.
                                
 Story: [ID:nL1609077] Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 TOUGH TIMES AHEAD: Czechs must get ready to slash government
spending and dish out more in taxes if the country is to avoid
the threat of a financial collapse that swept Hungary and the
Baltics, the chief of a new Czech party said.
                                
 Story: [ID:nL1170237] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 NWR'S LOAN: Mining group New World Resources (NWR) <NWRS.L>
<NWRSsp.PR> said on Tuesday it concluded a nine-year, 141
million euro ($202.5 million) loan facility guaranteed by German
export credit agency Euler Hermes.
                                
 Story: [ID:nL1549052] Related news: [RTRS-LEN-CZ-DBT]

 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 Czech Equities <.PX>    --      1167.3    --           --
 vs Euro   <EURCZK=>   25.641    25.713  -0.24        -4.16
 vs Dollar    <CZK=>   18.031    18.063  -0.18        -5.67
 U.S. Equities <.DJI> 9310.6    9496.28  -1.96         6.09
 Pvs close or current levels vs prior domestic close at 1500

 ==========================PRESS DIGEST========================
                                
 CSA WAGES: Pilots at Czech Airlines (CSA), which the state
is trying to sell this year, rejected wage proposals that called
for a 30 percent pay cut.
                                
 Hospodarske 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)