Economy-Finance

Czech Republic – Factors To Watch on Aug 28

 PRAGUE, Aug 28 (Reuters) - Here are news stories, pressreports and events to watch which may affect Czech financialmarkets 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 Czech currency.............................[CZK/]============================= EVENTS== ========================

 LONDON - Coal mining firm New World Resources (NWR) (NWRS.L: Quote, Profile, Research, Stock Buzz)(NWRSsp.PR: Quote, Profile, Research, Stock Buzz) to release H1 results. Presentation for analysts at1000 GMT. Reuters poll showed Q2 net expected at 124.2 millioneuros, EBIT at 166.6 million euros, and revenue at 532.5 millioneuros.

 Related news: [RTRS-LEN-CZ-MIN]

 PRAGUE - 52-week T-bill auction

 Related news: [RTRS-LEN-CZ-DBT]

 PRAGUE - Czech central bank governing board to hold aregular weekly meeting. It is not scheduled to discuss monetarypolicy issues.

 Related news: [RTRS-LEN-CZ-PLCY]

 PRAGUE - Used car dealer AAA Auto (AAAAsp.PR: Quote, Profile, Research, Stock Buzz) to release H1results after market close.

 Related news: [RTRS-LEN-CZ-AUT]

 LUXEMBOURG - Developer Orco Property Group (ORCOsp.PR: Quote, Profile, Research, Stock Buzz) torelease H1 results after market close.

 Related news: [RTRS-LEN-CZ-REA]====================== TOP NEWS ===============================

 ECM SHOWS NAV DROP, LOSS: Czech real estate developer ECMReal Estate Investments (ECMPsp.PR: Quote, Profile, Research, Stock Buzz) said on Wednesday its netasset value (NAV) fell 3.9 percent to 234 million euros in thefirst half of 2008.

 Story: [ID:nPRG000971] Related news: [RTRS-LEN-CZ-REA]

 CEZ TO BUILD BIGGEST ONSHORE WINDPARK IN EUROPE: Czech powergroup CEZ will build a 1.1 billion euro wind park in Romania, itsaid on Wednesday, the largest project of its kind in Europe asthe company tries to offset emissions from dirtier coal-firedpower plants.

 Story: [ID:nLR93259] Related news: [RTRS-LEN-CZ-ELG]

 PEGAS Q2 NET IN LINE:  Czech group Pegas Nonwovens(PGSNsp.PR: Quote, Profile, Research, Stock Buzz) returned to a net profit of 11.7 million euros($17.21 million) in the second quarter, after a loss a year ago,helped by foreign exchange gains, the company said.

 Story: [ID:nLR654007] Related news: [RTRS-LEN-CZ-RES]

 REAL WAGES MODERATELY UP: The average Czech real monthlywage rose 1.1 percent year-on-year from April to June,decelerating from the previous quarter despite a rise ininflation, data showed on Wednesday.

 Story: [ID:nLR406807] Related news: [RTRS-LEN-CZ-ECI] ---------------------- MARKET SNAPSHOT ------------------------ Index/Crown Currency  Latest    Prev    Pct change   Pct change

                              close   on day       in 2008 Czech Equities   1,444.0  1,437.6   +0.45        -20.45 vs Euro     <EURCZK=>  24.635   24.580   -0.22         +7.57 vs Dollar      <CZK=>  16.625   16.695   +0.51         +9.39 U.S. Equities  .DJI  11,503   11,413   +0.79        -13.29 Pvs close or current levels vs prior domestic close at 1500====================== PRESS DIGEST===========================

 INTEREST RATES: Czech central bank chief Zdenek Tuma said hedoes not want to predict the next move in setting interestrates, which he said will depend on the development of risks forthe bank's inflation forecast. He said inflation is high and itremains to be seen to what degree high prices impact inflationexpectations.    

 Hospodarske Novniny, page 14

 HEALTH INSURANCE: The largest Czech insurer CeskaPojistovna, which is part of PPF Generali Holding, a  jointventure of financial group PPF and Italy's insurer Generali(GASI.MI: Quote, Profile, Research, Stock Buzz), has asked for a licence to provide health insuranceservices in the Czech Republic.

 Mlada fronta Dnes, B1

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

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[CZ/INSTANT] For summary of economic data and forecasts          <CZ/ECON01> For diary of forthcoming Czech events                [CZ/DIARY]For calendar of east European economic indicators  [CONV/DIARY] TOP NEWS -- Emerging markets                         [TOP/EMRG] TOP NEWS -- Convergence watch                        [TOP/EAST] For an economic indicator diary for the euro zone, the United States and other Group of Seven countries see         G7TODAY For real-time stock market index quotes click in brackets: Warsaw WIG20 .WIG20  Budapest BUX .BUX  Prague PX 

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 E-mail: prague.newsroom@reuters.com (Compiled by Jana Mlcochova)