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Czech Republic - Factors To Watch on March 2
March 2, 2017 / 7:22 AM / 9 months ago

Czech Republic - Factors To Watch on March 2

    PRAGUE, March 2 (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....................        
    Summary of economic data and forecasts...........           
    Recently released economic data..................           
    Previous stories on Czech data.............                 
  **For a schedule of corporate and economic events: 
    PEGAS: Pegas Nonwovens           confirmed its intention to
invest in a production plant in South Africa.
    Story:              Related stories:                   
    FOOD STANDARDS: When communism collapsed across central and
eastern Europe in 1989, many Czechs and Slovaks flocked across
newly unsealed borders to browse in shops in Austria full of
high-quality goods they knew only from Western films.
    Foreign brands quickly filled once-barren state stores in
the east, but many still make the trip west - though no longer
to window-shop but to buy what they believe are superior
versions of the same brands they can find at home.
    Ad hoc comparisons by media and lab tests show that some
multinational brands use different, often cheaper ingredients in
food items sold on the east side of Europe's old Iron Curtain
divide than in products sold in adjacent Austria and Germany.
    The issue is now exercising the Visegrad Group of central
and east European governments - Slovakia, the Czech Republic,
Hungary and Poland - and they will meet in Warsaw on Thursday to
prod Brussels for action against EU "double standards" in food.
    Story:              Related stories:                      
    FAMILY FIRMS: Vladimir Jehlicka and his business partners
spent 25 years building up their Czech machinery firm before
deciding to call it a day. However, they faced a problem that is
growing as the first generation of post-communist entrepreneurs
nears retirement.
    Four decades of communism largely eliminated legal private
enterprise in the country and its neighbours such as Hungary,
Slovakia and Poland. But after 1989, managers or employees often
clubbed together to buy frequently decrepit state enterprises,
while other entrepreneurs started businesses from scratch.
    A quarter century later, many of these owners now need to
hand over what have become valuable firms. Some find successors
in the family; most look for other options including management
buy-ins or a sale, creating an opportunity for investors.    
    Story:              Related stories:                    
    CENBANK: Investors betting billions of euros that the Czech
central bank may end its policy of keeping the crown weak as
soon as next month believe rebounding inflation may give the
bank cover to let the currency rise again -- and sooner rather
than later.
    Story:              Related stories:                  
    BUDGET:  The Czech central state budget showed a 3.67
billion crown ($142.99 million) surplus at the end of February,
a drop from a year ago caused by lower flows of subsidies from
various EU programmes that outweighed a rise in tax revenue,
Finance Ministry data showed on Wednesday.
    Story:              Related stories:                  
    CEE MARKETS: Central European currencies and stocks surged
and government bonds eased on Wednesday after Czech, Hungarian
and Polish manufacturing indices showed robust economic growth.
    Story:              Related stories:                    
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  27.019     26.983   -0.13      -0.04
 vs Dollar                25.663     25.803    0.54      -0.06
 Czech Equities          971.95     971.95     1.89       5.46
 U.S. Equities        21,115.55  20,812.24     1.46       6.85
 Pvs close or current levels vs prior domestic close at 1600 GMT
=========================PRESS DIGEST========================
    EET: The finance ministry's online sales reporting system
EET, designed to cut down tax avoidance, started working in
retailers and  wholesalers on Wednesday. This follows a rollout
last December for restaurants. 
    Hospodarske Noviny, page 1; previous story:             
    M&A: The city of Prague would like to buy the 20 percent
share in waste management company Prazske Sluzby that it does
not hold. That share is held by AVE CZ, held by investor Daniel
Kretinsky, owner of EPH energy group. 
    One option discussed, the newspaper said, is a swap
involving shares in municipal heating company Prazska
    Hospodarske Noviny, page 4
    (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                               
    Prague Newsroom: +420 224 190 477

 (Reporting by Prague Newsroom)

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