May 22, 2014 / 6:32 AM / 3 years ago

Czech Republic - Factors To Watch on May 22

PRAGUE, May 22 (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 + 1 hours)         
=========================ECONOMIC DATA========================
    Real-time economic data releases................... 
    Previous stories on Czech data............ 
    Overview of economic data and forecasts......... 
    Updates on CEE currencies........................... 
===========================EVENTS============================== 
  
    PRAGUE - Czech central bank governing board to hold a
regular weekly meeting. It is not scheduled to discuss monetary
policy issues.
    Related news: 
    
    PRAGUE - 39-week T-bill auction.
    Related news: 
===========================NEWS================================ 
      
    TELEFONICA CR: Investment group PPF said on Wednesday the
bid price for a buyout offer of minority shareholders of
Telefonica Czech Republic was set at 295.15 crowns per
share. 
    Story: Related news: 
    
    ENERGY: The Czech Republic opposes a Polish proposal to
create a single body to buy gas for the European Union but could
support private groups voluntarily joining up for purchases,
according to a position document approved by the government on
Wednesday.
    Story: Related news: 
    
    TAX: The Czech centre-left government approved a rise in
excise taxes on tobacco products to reflect a weaker crown
currency, Finance Minister Andrej Babis said on Wednesday.
    Story: Related news: 
    
    BONDS: Demand for Czech retail bonds in the semi-annual
spring issue will likely be in the single billions of crowns,
lower than in the past, Deputy Finance Minister Jan Gregor said
on Wednesday.
    Story: Related news: 
    
    HOME CREDIT:  Consumer lender Home Credit B.V. has no plan
to sell its operations in Russia, it said on Wednesday.
    Story: Related news: 
    
    CEE MARKETS: Currencies firmed and government bonds
rebounded in Central Europe on Wednesday on expectations the
European Central Bank may cut its deposit rate below zero next
month.
    Story: Related news: 

    CEE POWER: Central European day ahead power slipped on
Wednesday due to high levels of solar production in the region,
which are expected to pressure prices for the rest of the week,
traders said.
    Story: Related news: 
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2014
 vs Euro        27.456     27.453   -0.01      -0.45
 vs Dollar         20.089     20.092    0.01      -1.12
 Czech Equities    986        986       -0.37      -0.31
 U.S. Equities 16,533.06  16,374.31     0.97      -0.26
 Pvs close or current levels vs prior domestic close at 1500 GMT
======================PRESS DIGEST============================
    FUND: Hartenberg Holding, which invests Finance Minister
Andrej Babis's personal wealth, acquired stakes in two Slovak
pharmaceutical firms.
    Hospodarske Noviny, page 1
    
    CEZ: The lower house's economics committee recommended not
to change majority state-owned utility CEZ's dividend
policy of paying out 50-60 percent of net profit, saying a
change could threaten the group's economic stability and
investments. Finance Minister Andrej Babis had said in a
newspaper interview this year that CEZ could pay out up to 100
percent of profit.
    Hospodarske Noviny, page 3
    
    EXPORT BANK: Industry Minister Jan Mladek called for the
resignation of the head of the Czech Export Bank after he
proposed the idea of a bad bank for the state lender in a
newspaper interview.
    E15, page 6
    
    Reuters has not verified the media reports, nor does it 
vouch for their accuracy.
   
 For Instant Views of key economic data click on 
 For summary of economic data and forecasts     
 For diary of forthcoming Czech events          
 For calendar of east European economic indicators  
 TOP NEWS -- Emerging markets                   
 TOP NEWS -- Convergence watch                  
 
 For an economic indicator diary for the euro zone, the United 
 States and other Group of Seven countries see 
 
 For real-time stock market index quotes click in brackets: 
 Warsaw WIG20  Budapest BUX Prague PX 
 
    News editor of the day: Jan Lopatka on +420 224 190 474
    E-mail: prague.newsroom@thomsonreuters.com
($1 = 20.0299 Czech Crowns)

 (Reporting by Prague Newsroom)

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