May 24, 2017 / 6:22 AM / 4 months ago

Czech Republic - Factors To Watch on May 24

    PRAGUE, May 24 (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....................        
    Summary of economic data and forecasts...........           
    Recently released economic data..................           
    Previous stories on Czech data.............                 
  **For a schedule of corporate and economic events: 
    here#/2E/events-overview
   
=========================NEWS===================================
        
    PRAGUE - Czech President Milos Zeman will appoint Ivan Pilny
as the new finance minister at 5:00 p.m. local time (1500 GMT).
    The former Microsoft executive will replace Andrej Babis,
whose dismissal, demanded by Prime Minister Bohuslav Sobotka,
had sparked a row in the centre-left government. 
    The appointment of Pilny ends the conflict, allowing the
three-party cabinet to rule until an election in October.
    Pvs story:              Related stories:                  
    
=========================NEWS===================================
           
    REUTERS SUMMIT - KIWI: Czech online travel agency Kiwi.com
is in talks with potential venture capital or strategic partners
to help it reach top spot in the 1.3 trillion euro ($1.46
trillion) market.
    Story:              Related stories:                  
    
    REUTERS SUMMIT - FUNDS: The Czech central bank is likely the
first in line in central Europe to start lifting interest rates
and looks to be prepping the market for a move this year, faster
than expected, the head of Erste Group Bank's Czech asset
management company said on Tuesday.
    Story:              Related stories:                    
    
    ++++++++++
 ** For other news from Reuters Central & Eastern Europe
Investment Summit, click here
    ++++++++++
    
    CEE TECH: Tech entrepreneurs in central and southeastern
European, many of whom already have experience of launching
their own businesses, are now having more success at enticing
global investors the second time around.
    Story:              Related stories:                     
          
    CARS: Carmakers in four central European countries will be
short of 100,000 skilled workers in coming years, automotive
industry associations from Slovakia, Czech Republic, Hungary and
Poland said on Tuesday.
    Story:              Related stories:                     
    
    FORTUNA:  Fortuna Entertainment Group           said it
successfully closed the acquisition of the 100 percent share in
Hattrick Sports.
    Story:              Related stories:                   
    
    TELECOMS: Czech telecoms regulator CTU says six firms will
take part in an auction of 3.7 GHz frequencies.
    Companies include: Vodafone Czech Republic        , T-Mobile
Czech Republic           , PODA a.s., Suntel Net s.r.o., O2
Czech Republic          , Nordic Telecom 5G a.s. 
    Story:              Related stories:                   
    
    CEE MARKETS: Hungarian government bonds rose on Tuesday as
the central bank reaffirmed its dovish message after its
meeting, saying it was ready to ease policy further if warranted
by inflation trends.
    Story:              Related stories:                    
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  26.436     26.476    0.15       2.11
 vs Dollar                23.64      23.553   -0.37       7.83
 Czech Equities        1,007.91   1,007.91    -0.89       9.36
 U.S. Equities        20,937.91  20,894.83     0.21       5.95
 Pvs close or current levels vs prior domestic close at 1500 GMT
    
=========================PRESS DIGEST=======================
    TELECOMS: Lawmakers will hold final debate on a telecoms law
that politicians say aim to give more rights to consumers and
cut mobile data prices. 
    The main three operators - O2 Czech Republic          ,
Deutsche Telekom's            T-Mobile and Vodafone         -
have offered to adopt the new consumer rules no matter how the
bill is voted in exchange for removing a measure raising fines
to a revenue-based system.
    Hospodarske Noviny, page 13; pvs story:             
    
    (Reuters has not verified the stories, nor does it vouch for
their accuracy.)
        
 For real-time stock market index quotes click in brackets: 
 Warsaw WIG20           Budapest BUX        Prague PX       
 For updates on CEE currencies                             
 TOP NEWS -- Emerging markets                               
 
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 (Reporting by Prague Newsroom)
  

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