Czech Republic - Factors To Watch on May 28

Philip Morris CR as

28/05/2020 07:21

PRAGUE, May 28 (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 + 2 hours)        
     
=========================ECONOMIC DATA==========================
    Real-time economic data releases................. ECONALLCZ 
    Previous stories on Czech data............. CZ-RTRS-LEN-ECI 
  **For a schedule of corporate and economic events: 
    http://emea1.apps.cp.thomsonreuters.com/Apps/CountryWeb/#/2E/events-overview
    
===========================NEWS/EVENTS==========================
    NUCLEAR POWER: Prime Minister Andrej Babis, Industry
Minister Karel Havlicek and CEZ  CEZP.PR  Chief Executive Daniel
Benes to hold a news conference after a meeting of the state
committee for nuclear power expansion. (0630 GMT)
    
    CEZ: The Czech government can lend majority state-owned
utility CEZ CEZP.PR money for a planned multi-billion dollar
expansion at its Dukovany nuclear power plant, Industry Minister
Karel Havlicek was quoted as saying on Thursday.
     urn:newsml:reuters.com:*:nL8N2DA0WF
        
    CORONAVIRUS CASES: The Czech Republic had 9,086 confirmed
cases of coronavirus infection by Thursday morning, with 36 new
infections on Wednesday. So far 6,370 people have recovered from
the Covid-19 illness and 317 people have died in connection with
the disease. There were 2,399 active cases.
    https://onemocneni-aktualne.mzcr.cz/covid-19
    
    ECONOMY: Card transactions at the Czech Republic's second
largest bank Ceska Sporitelna show consumer activity recovering
to levels seen before the country's coronavirus lockdown in
March.
     urn:newsml:reuters.com:*:nL8N2D94H9
    
    CENTRAL BANK: The Czech central bank cut its holdings of
euro assets by two percentage points to 58% of its foreign
assets portfolio as it completed rebalancing from the euro, the
bank said in its annual report released on Wednesday.
     urn:newsml:reuters.com:*:nL8N2D952E
    
    COVID VACCINES: Drug developer Novavax Inc  NVAX.O  on
Wednesday acquired Praha Vaccines, a unit of India's Cyrus
Poonawalla Group, for about $167 million as it looks to boost
capacity to produce its COVID-19 vaccine candidate.
    The acquisition includes a biologics manufacturing facility
in Czech Republic.
     urn:newsml:reuters.com:*:nL4N2D92KI
    
    EU: The European Union's executive unveiled a 750 billion
euro plan on Wednesday to prop up economies hammered by the
coronavirus pandemic, hoping to end months of squabbling over
how to fund a recovery that exposed faultlines across the
27-nation bloc.
     urn:newsml:reuters.com:*:nL8N2D91X6
    
    BABIS ON EU BUDGETS: The European Commission's budget plan
proposed on Wednesday is too big, news agency CTK quoted Czech
Prime Minister Andrej Babis as saying on Wednesday.
     urn:newsml:reuters.com:*:nP7N29E088
    
    CEE MARKETS: Central European stocks firmed amid a greater
global appetite for risk while the Polish zloty extended gains
as investors closed positions against the currency and no rate
cut was expected at Thursday's central bank meeting.
     urn:newsml:reuters.com:*:nL8N2D916M
    
    EUROPE POWER: European wholesale spot power prices for
day-ahead delivery tumbled on Wednesday on the back of a
forecast rise in renewables power generation while electricity
demand is expected to fall.
     urn:newsml:reuters.com:*:nL8N2D91ZA
        
========================= PRESS DIGEST =========================
       
    TOBACCO: The Finance Ministry wants to raise the excise tax
on tobacco products by an average 5% annually over the next
three years. That would add an additional 2 billion crowns 
($81.41 million) to the state budget each year.
    Pravo, page 1
        
    (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



($1 = 24.5670 Czech crowns)

 (Reporting by Prague Newsroom)
 ((prague.newsroom@thomsonreuters.com
+420 234 721 617))