Czech Republic - Factors To Watch on June 4

                                
PRAGUE, June 4 (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 Czech currency.............................[CZK/]
                                
 
========================= EVENTS ===============================
                                
 PRAGUE - The government will offer 6 billion crowns worth
15-year government bonds. Bids due at 1000 GMT.
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
======================= TOP NEWS ===============================
                                
EUROBOND: The Czech Republic sold a much
bigger-than-expected 2 billion euro ($3.1 billion) eurobond on
Tuesday in the first sovereign issue in the region since credit
crunch rattled international markets last year.
                                
Story: [ID:nL03661359] Related news: [RTRS-LEN-CZ-DBT]
                                

                                
 HEALTH REFORM: Leaders of the ruling Czech centre-right
coalition agreed to exempt children from paying for doctor
visits, softening an unpopular reform aimed at cutting waste in
the state health care system.
                                
 Story: [ID:nL03361507] Related news: [RTRS-LEN-CZ-HEA]
                                
 
                                
NUCLEAR PLANT DISCONNECTED: The second unit at Czech nuclear
power plant Dukovany was disconnected from the grid on Tuesday
after a fault by an operator, the plant's owner CEZ <CEZPsp.PR>
said on Tuesday.
                                
 Story: [ID:nPRA0019407] Related news: [RTRS-LEN-CZ-NUC]

====================== ELSEWHERE IN NEWS =======================
                                
 CROWN FIRMS: The Czech crown hit more than a six-week high
against the euro <EURCZK=> on Tuesday as it tested a euro
support level at 24.800, a trader said.
                                
 Story: [ID:nL03799644] Related news: [RTRS-LEN-CZ-FRX]
                                
 
                                
 CEZ INTERESTED IN ALBANIA'S POWER DISTRIBUTOR: Czech power
group CEZ <CEZPsp.PR> is among four bidders interested in a
majority stake in Albania's distribution company DSO.
                                
 Story: [ID:nL03703310] Related news: [RTRS-LEN-CZ-ELG]
                                
   
 ---------------------- MARKET SNAPSHOT ------------------------
Index/Crown Currency  Latest    Prev    Pct change   Pct change
                                
                              close   on day       in 2008
 Czech Equities  <.PX> 1,669.8  1,685.1   -0.91         -8.01
 vs Euro     <EURCZK=>  24.800   24.785   -0.06         +6.85
 vs Dollar      <CZK=>  16.059   16.019   -0.25        +13.15
 U.S. Equities  <.DJI>  12,403   12,504   -0.81         -6.50
 Pvs close or current levels vs prior domestic close at 1500

====================== PRESS DIGEST ============================
                                
 FEES IN HEALTHCARE: Children will continue to pay fees for
prescribed drugs, stays in hospital, or visiting ambulance.
                                
 Hospodarske Noviny, page 1.
                                
 
                                
 CAR PRODUCTION: The Czech Republic is likely to become the
world's third largest car producer per capita this year, says
Martin Jahn, President of Car Industry Association. 
                                
 Hospodarske Noviny, page 16.
                                
 
                                
VOLKSWAGEN SALES: Volkswagen <VOWG.DE> Group's Martin Jahn
says he expects car sales in Russia to to reach 2.8-2.9 million
units versus earlier expectations of 2.2 million and sees VW
sales there to reach more than 140,000 cars, up from 80,000 last
year.
                                
 Hospodarske Noviny, page 17
                                
 
                                
 PPF SELLS STAKE IN RUSSIA'S ORIEL RESOURCES: Czech private
equity group PPF Investments sold its 20 percent stake in ferro-
chrome producer Oriel Resources <OLR.L> top Russia's Mechel
<MTL.N> for 4.32 billion crowns. 
                                
 
                                
 MILK PRODUCTION: Czech milk producers will cut milk
deliveries by 10 percent on Friday to support their German
peers. E15, 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 +420 224 190 477;
fax: +420 224 229 935
                                
 E-mail: prague.newsroom@reuters.com
 (Compiled by Jana Mlcochova)