Czech Republic - Factors To Watch on April 28

                                
 PRAGUE, April 28 (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=========================
                                
 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============================
                                
 VIENNA - Austria's Erste Bank <ERST.VI>to release first
quarter results.
                                
 Related news: [RTRS-LEN-CZ-RES]

                                
 PRAGUE - Ceska Sporitelna <ERSTsp.PR>, a unit of Erste Bank
<ERST.VI>, to release first quarter results.
                                
 Related news: [RTRS-LEN-CZ-RES]

                                
 PRAGUE - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
                                
 Related news: [RTRS-LEN-CZ-PLCY]
                                
 
                                
 PRAGUE - 13-week T-bill auction.
                                
 Related news: [RTRS-LEN-CZ-DBT]
                                
 
                                
 AMSTERDAM - Coal mining firm New World Resources (NWR)
<NWRS.L> <NWRSsp.PR> to hold an annual shareholders' meeting.
                                
 Related news: [RTRS-LEN-CZ-MIN]
                                
 
                                
 LUXEMBOURG - Developer Orco Property Group <ORCOsp.PR>
<ORCO.PA> to hold an extraordinary shareholders' meeting.
                                
 Related news: [RTRS-LEN-CZ-REA]
                                
 
                                
 PRAGUE - Telecoms operator Telefonica O2 Czech Republic
<SPTTsp.PR>, a unit of Spain's Telefonica <TEF.MC>, to hold an
annual shareholders' meeting.
                                
 Related news: [RTRS-LEN-CZ-PHON]
 ============================TOP NEWS===========================
                                
 CME SEES RISE IN 2011 REVENUE: Central European Media
Enterprises (CME) <CETV.O> said on Wednesday it would target
double-digit revenue growth in 2011 as ad spending recovered
with economic growth.
                                
 Story: [ID:nASA01ZNS] Related news: [RTRS-LEN-CEEU-RESF]
 
                                
 RAFINERSKA TO PAY DIV: Czech crude refinery Ceska
Rafinerska, majority owned by Czech oil firm Unipetrol
<UNPEsp.PR>, will pay 1.4 billion crowns ($85.16 million) in
dividends, the company said on Wednesday. 
                                
 Story: [ID:nPRG004911] Related news: [RTRS-LEN-CEEU-RESF]
                                
 
                                
 TOP COURT STRIKES DOWN ONE OF BUDGET CUTTING MEASURES: The
Czech constitutional court annulled a law that taxed a
state-subsidised building savings scheme, which the government
pushed through as part of its budget consolidation plan.
                                
 Story: [ID:nLDE73Q0U5] Related news: [RTRS-LEN-CEEU-FRX]
                                
 
                                
 DEMAND SOARS AT BOND AUCTION: Investors bid more than three
times the offer size at a Czech 3-year bond auction on
Wednesday, pushing the yield down as investors sought
shorter-dated paper after a bond matured earlier this month.
                                
 Story: [ID:nLDE73Q0ZE] Related news: [RTRS-LEN-CEEU-DBT]
                                
 
                                
 LIZAL COMMENTS ON POLICY FOR THE FIRST TIME: Czech interest
rates will have to rise from the current record low at some
stage but it is not clear when, central bank board member
Lubomir Lizal was quoted as saying on Wednesday. 
                                
 Story: [ID:nLDE73Q092] Related news: [RTRS-LEN-CEEU-INT]
                                
 
                                
 CEE MARKETS:The Polish zloty hit a two-month high against
the euro on Tuesday, lifted by the finance ministry's plans to
sell euros on the market, while the forint continued to be
boosted by Hungary's fiscal reform plans.
                                
 Story: [ID:nLDE73P0BG] Related news: [RTRS-LEN-CEEU-FRX]
                                
 
                                
 CEE POWER: Czech day-ahead power prices fell slightly on
Wednesday due to forecast for warmer weather and increasing wind
capacity towards the weekend, traders said.
                                
 Story: [ID:nLDE73Q1D1] Related news [RTRS-LEN-CZ-DRV]
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                
                                 close    on day     in 2011
 vs Euro    <EURCZK=>     24.072     24.102    0.12       3.71
 vs Dollar     <CZK=>     16.211     16.459    1.51      13.16
 Czech Equities <.PX>  1,263.6    1,263.6      1.22       3.17
 U.S. Equities <.DJI> 12,690.96  12,595.37     0.76       9.62
 Pvs close or current levels vs prior domestic close at 1500 GMT
 ==========================PRESS DIGEST=========================
                                
 BUDGET GAP: Finance Minister Miroslav Kalousek said he would
make up for the shortfall in state revenue from the
Constitutional Court's cancellation of the building savings tax
by taking the needed 6 billion crowns from flood subsidies or
similar sources that are not binding by law.
                                
 Hospodarske Noviny, page 1
                                
 
                                
 SOLAR POWER: A lawyer representing solar power producers
said that the constitutional court's ruling on Wednesday which
struck down the building savings tax due to retroactivity was
likely to be applied also on the withholding tax that the
government imposed on solar power. He said the court will likely
to annul the solar tax if it is to be consistent.
                                
 Hospodarske Noviny, page 3
                                
 
                                
 CEZ SPENT CZK 10BLN BUYING SOLAR POWER PROJECTS: Power group
CEZ <CEZPsp.PR> spent 10 billion crowns ($608.3 million) last
year on solar projects. It bought 106 MW of capacity.
                                
 Hospodarske Noviny, page 18
                                
 
                                
 Reuters has not verified the media reports, nor does it
vouch for their accuracy.

                                
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 [CZ/INSTANT]
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 For diary of forthcoming Czech events                [CZ/DIARY]
 For calendar of east European economic indicators  [CONV/DIARY]
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 TOP NEWS -- Convergence watch                        [TOP/EAST]

 For an economic indicator diary for the euro zone, the United
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 For real-time stock market index quotes click in brackets:
 Warsaw WIG20 <.WIG20>  Budapest BUX <.BUX>  Prague PX <.PX>

                                
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