Czech Republic - Factors To Watch on Oct 10

Published Wed, Oct 10 20122:26 AM EDT

PRAGUE, Oct 10 (Reuters) - Here are news stories, pressreports and events to watch which may affect Czech financialmarkets on Wednesday.

ALL TIMES GMT (Czech Republic: GMT + 2 hours)

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Real-time economic data releases...................

Previous stories on Czech data............

Overview of economic data and forecasts.........

Updates on CEE currencies...........................

==========================EVENTS=============================

PRAGUE - The Czech cabinet to hold a session, to debatefiscal constitution (). Newsconference to follow.Related news:

PRAGUE - Czech President Vaclav Klaus to meet his Germanycounterpart Joachim Gauck. News conference at 0930 GMT.

Related news:

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SLOVAKS LIFT IMPORT BAN ON CZECH LIQUOR: Slovakia will liftan import ban on Czech-made spirits and liquors on Tuesday,ending a restriction put in place last month after nearly 30people died from drinking poisonous bootleg booze in its centralEuropean neighbour.

Story:Related news:

CENTRAL BANKS BUY MORE BONDS: Central banks, among the mostconservative asset managers in the world, are buying more stocksbecause of the paltry returns and negative yields available fromtop-rated sovereign bonds.

Story:Related news:

GRID OPERATOR TO CURB FLOWS TO SLOVAKIA: Czech grid operatorCEPS will limit cross border power flows to Slovakia for much ofthe day on Wednesday due to technical restrictions, CEPS said onits Web site.

Story:Related news:

*For TABLE on cross border power capacity:

INFLATION IN LINE: Czech consumer prices dipped by 0.1percent in September versus a month earlier, bringing annualinflation to 3.4 percent, the Statistics Office said.

Story:Related news:*For central bank comment:

CEE MARKETS: Emerging European currencies and stocks were atouch lower on Tuesday after the IMF cut forecasts for globaleconomic growth, but Serbia's dinar bucked the trend after aninterest rate hike.

Story:Related news:

CEE POWER: Central European day ahead power rose on Tuesdayon forecasts for lower renewable output in the region and pricesconverged after drifting apart a day earlier, traders said.

Story:Related news:

---------------------- MARKET SNAPSHOT ------------------------

Index/Crown Currency Latest Prev Pct change Pct change

close on day in 2012vs Euro24.971 24.937 -0.14 2.25vs Dollar19.408 19.336 -0.37 1.64Czech Equities985.96 985.96 0.04 8.22U.S. Equities13,473.53 13,583.65 -0.81 10.28

Pvs close or current levels vs prior domestic close at 1500 GMT==========================PRESS DIGEST==========================

CIVIC DEMOCRATS CONGRESS: Prime Minister Petr Necas calledthe Civic Democrats (ODS) party congress for Nov 2- Nov 4. Thecongress will be electing the party's chairman and Necas isrunning for re-election.

Pravo, page 3

GOVERNMENT FUTURE: The six rebellious Civic Democratdeputies who refused to back the government's consolidationpackage including a value added tax (VAT) hike, causing agovernment crisis in which the centre-right government maycollapse, said they did not wish to topple the government.

Their leader Petr Tluchor said the point was to stick to thecoalition agreement and the government programme which saynothing about increasing taxes.

They say 18 billion to 20 Czech crowns billion can be raisedfrom state property privatisation and other savings. Theconsolidation package assumes new budget revenue worth 25billion crowns.

Pravo, page 2

PENSION REFORM: The six government rebels' leader PetrTluchor said the group would vote to override the president'sveto on some bills aimed to implement a new fund-based pensionsystem, if the transfer from the current pay-as-you-go system tothe fund-based system is not financed by the VAT hike, butrather it is funded from privatisation proceeds.

Pravo, page 2

Reuters has not verified the media reports, nor does itvouch for their accuracy.

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