Czech Republic - Factors To Watch on Sept 10

                                
 PRAGUE, Sept 10 (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=========================
                                
 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==============================
                                
 BRNO - The Constitutional Court may rule on the legality of
a parliamentary election called for Oct 9-10. A negative ruling
would delay the vote, probably until November. Couert hearing
starts at 0800 GMT but it is not known whether a decision will
be reached on Thursday.
                                
 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 - President Vaclav Klaus meets Prime Minister Jan
Fischer. 
                                
 Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 PRAGUE - The central bank's governing board meets bu tis not
scheduled to discuss monetary issues.
                                
 Related news: [RTRS-LEN-CZ-CEN]
                                
 
==========================TOP NEWS============================
                                
 BUDGET DRAFT: The cabinet approved a budget draft for 2010
with a record 230 billion crown deficit. It will hold further
discussions on legislative changes to bring the gap down, but
the fate of the savings measures is uncertain.
                                
 Story: [ID:nL9732654] Related news: [RTRS-LEN-CZ-POL]
                                
 
                                
 C.BANKERS ON RATES: Central bankers spoke on the next move
in interest rates being a hike but alos the possibility of a cut
in case external environment deteriorates sharply.
                                
 Story: [ID:nL9716610] Related news: [RTRS-LEN-CZ-CEN]
                                
 
                                
 INFLATION DROPS FURTHER: Inflation dipped to 0.2 percent
year-on-year in August and analysts expect low readings into
2010 when price growth should begin to pick up.
                                
 INSTANT VIEW [ID:nL9191590] Related news: [RTRS-LEN-CZ-ECI]
                                
 
                                
 SHELL OFFERS RAFINERSKA STAKE: Royal Dutch Shell <RDSa.L> is
seeking a buyer for its 16.3 percent stake in Czech refinery
Ceska Rafinerska and PKN Orlen's <PKNA.WA> Czech arm Unipetrol
may be the buyer, PKN's chief was quoted as saying on Wednesday.
                                
 Story: [ID:nL9261406] Related news: [RTRS-LEN-ENR]
                                
 
                                
 SCRAP SUBSIDY APPROVED: Czech lawmakers approved on Tuesday
a law introducing a subsidy for buying new cars in turn for
scrapping old ones, overriding a presidential veto.
                                
 Story: [L8329723] Related news [RTRS-LEN-CZ-POL]
                                
 
                                
 SKANSKA TO CUT 800 JOBS: Skanska <SKAb.ST> will cut 800 jobs
in the Czech Republic due to a downturn in the construction
industry, on top of 400 jobs axed earlier.
                                
 Story: [ID:nL9267558] Related news [RTRS-LEN-CZ-CON]
                                
 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2009
 vs Euro    <EURCZK=>    25.39    25.465    0.29       5.09
 vs Dollar    <CZK=>     17.407   17.471    0.37       8.93
 U.S. Equities <.DJI>  9547.22   9497.34    0.53       8.78
 Pvs close or current levels vs prior domestic close at 1600
==========================PRESS DIGEST========================
                                
 POLITICIANS WARM UP TO SAVINGS: The right-wing Civic
Democrats changed their view and said they may support savings
and tax hikes advocated by Finance Minister Eduard Janota.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 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 Jan Lopatka)