STATISTICS

Czech export prices in May drop 5.4% y/y due to strong crown

Czech producer price index up 5.3% y/y in June, mainly on rising coke, refinery prices

POLITICS

Czechs hope relations with Russia will not sour over U.S. radar

Czech PM hopes that no political motive lies behind Russian oil reduction to Czech Republic

No politics in reduced crude supplies to Czech Republic – Transneft

COMPANY NEWS

TRANSPORTATION

PwC to be financial adviser on Czech used-car dealer AAA Auto entry to Russian market

REAL ESTATE

Swedish builder Skanska wins 43% share in SKK 4.4 bln Slovak highway contract

Czech-Belgian industrial developer VGP enters Estonian market

Credit crunch led to 70% y/y drop from Jan-June in direct investment in Czech real estate – JLL

Prague office stock at 2.3 mln sqm in Q2, take-up down 11% on the quarter - Research Forum

Czech-Irish developer Red Group launching tender to clear brown field for CZK 10 bln project

Irish-U.S. developer Quinlan Private Golub breaks ground on flagship Slovak office project

ENERGY NEWS

OIL & PETROCHEMICALS

Czech petchem Unipetrol refinery unit Paramo wins CZK 8 bln diesel fuel contract from railways

Czech retail fuel prices mixed; top-selling Natural 95 down to CZK 32.73/liter

Czech oil storage and fuel retailer Cepro doubles H1 pre-tax profit to CZK 254.4 mln

Russian oil group Lukoil begins rebranding 44 Czech Jet stations, plans regional expansion

No politics involved in reduced crude supplies to Czech Republic – Transneft (Part 2)

GAS

PRESS: Romanian gas company Romgaz to launch exploration operations in Slovakia, Poland

HEAT, POWER & SEWAGE

Czech utility CEZ bid for stake in Russian nuclear plant could lead to huge savings – analyst

ALTERNATIVE ENERGY

Fitch Ratings sees increased business rational in CE region for nuclear power

EMERGING MARKETS NEWS HIGHLIGHTS

Ukrainian PM claims corruption schemes flourish during Odessa-Brody oil pipeline operation

Russia to approve legal model for Kaliningrad nuclear power plant project by end-July

Ukrainian president’s aide blames Cabinet for alleged foiling Odessa- Brody accords

Italian foreign minister calls for prompt preparation of EU-Russia deal

EU shows interest in Moscow idea to sign new European security treaty – diplomat

No politics involved in reduced crude supplies to Czech Republic – Transneft (Part 2)

Moscow ready to respond to NMD in Europe by steps to neutralize threat – diplomat

FINANCIAL MARKETS

EQUITIES

Prague bourse PX index down 1.38% w/w Friday, R/E developers, coalminer NWR biggest losers

Prague Stock Exchange (PSE), SPAD trading, 11-18/07/2008

FIXED INCOME

Prague Stock Exchange (PSE) Treasury bonds, Direct trading, 18/07/2008

Prague Stock Exchange (PSE) Treasury bonds, Direct trading, 11- 18/07/2008

CURRENCY

Czech National Bank (CNB) foreign exchange rates, 11-18/07/2008

MONEY MARKET

National Bank of Slovakia, BRIBOR rate fixing, 11-18/07/2008

National Bank of Slovakia official interest rates – 18/07/2008

Czech National Bank (CNB) official interest rates – 18/07/2008

CALENDAR

Czech Republic – calendar of upcoming events, 21-28/07/2008

Nb: This news report features only the headline of each news.