April 24, 2020 / 6:45 AM / a month ago

Czech Republic - Factors To Watch on April 24

    PRAGUE, April 24 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Friday.
                  
    ALL TIMES GMT (Czech Republic: GMT + 2 hours)        
     
=========================ECONOMIC DATA==========================
    Real-time economic data releases.................           
    Previous stories on Czech data.............                 
  **For a schedule of corporate and economic events: 
    here
    
===========================NEWS/EVENTS==========================
    CORONAVIRUS CASES: The Czech Republic had 7,188 confirmed
cases of coronavirus infection by the end of Thursday. So far
2,186 people have recovered from the Covid-19 illness and 213
people have died.
    here

    FASTER REOPENING: The Czech Republic eased restrictions on
Thursday aimed at slowing the spread of the new coronavirus
after a drop in new cases sparked optimism the outbreak had so
far been brought under control.
                
    
    VIRUS STUDY: Czechs flocked to screening centres on Thursday
in a project to test 27,000 people for coronavirus antibodies to
gauge how far the infection has spread and help decide how
rapidly to ease the country's lockdown.
                
    
    CENTRAL BANK: Czech central bank Vice-Governor Tomas
Nidetzky expects the economy to experience an initial sharp
downturn in economic output followed by a gradual recovery, he
said in a podcast posted on the bank's website on Thursday.
    "The scenario that is closest to me describes the economic
development in the shape of the Nike logo - certainly there will
be some steep drop at the beginning and then gradual growth and
return to normal," he said.
                
     
    CEE MARKETS: Central Europe's currencies gained on Thursday,
reversing some recent losses as stimulus hopes bucked up
markets, although Hungary's forint remained under pressure.
                
    
========================= PRESS DIGEST =========================
   
    AIRPORT: State-owned Prague Airport will let go 450 people,
or 15.5% of all staff, in May.
    Lidove Noviny, page 12
    
    RENTS: The government imposed a moratorium on raising
residential rent for as long as special measures against the
coronavirus spread are in place.
    Mlada Fronta Dnes, page 11
    
    CEZ: Shareholders at European Metals Holding (EMH)         
approved CEZ           buying a majority stake the Cinovec
lithium project.
    Mlada Fronta Dnes, page 11
    
    (Reuters has not verified the stories, nor does it vouch for
their accuracy.)
    
    Prague Newsroom: +420 234 721 617
    E-mail: prague.newsroom@thomsonreuters.com


 (Reporting by Prague Newsroom)
  
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