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Czech Republic – Factors To Watch on Aug 10

PRAGUE, Aug 10 – Here are news stories, press reports and events to watch which may affect Czech financial markets on Monday. 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: =========================NEWS/EVENTS============================ POMPEO: U.S. Secretary of State Mike Pompeo arrives to the Czech Republic where he starts his tour around central Europe. The main part of his visit will be on Wednesday, when he will meet Prime Minister Andrej Babis, President Milos Zeman, and give a speech at the Senate. CORONAVIRUS CASES: Czech testing labs found 122 new cases of infection by the new coronavirus on Sunday, the Health Ministry said, for a total of 18,355 cases. Among total cases, 12,785 have recovered and there were 390 deaths reported in connection with the illness. The number of active cases stood at 5,180. FIRE: In the worst such incident since 1990, a fire tore through an apartment building in northern Czech Republic on Saturday, killing 11 people, including three children and five others who jumped from the upper floors to escape the blaze, local media reported. COVID: The Czech Republic recorded its biggest daily rise in new coronavirus cases since April 3 due to local outbreaks in a number of regions, the health ministry reported on Saturday. 5G: The Czech Republic has launched a tender for frequencies for next-generation 5G networks, its telecoms regulator CTU said on Friday, sparking criticism from potential bidders. CENTRAL BANK: The Czech National Bank will tolerate inflation above its target in the coming period as the main priority is to help the economy recover from impact of the coronavirus, Vice-Governor Tomas Nidetzky said on Friday. CEE MARKETS: Most Central European assets moved sideways on Friday with Hungary’s stock market bucking the trend, driven higher by shares of OTP Bank OTPB.BU which reported a profit for the second quarter and was upbeat about the economic recovery. ======================PRESS DIGEST============================= TOURISM: The number of guests in Czech hotels and other accomodation providers plunged 83% year-on-year in the second quarter to 988 thousand. In Prague, the fall was by 93.6%. Hospodarske Noviny, page 2 (Reuters has not verified the stories, nor does it vouch for their accuracy.) Prague Newsroom: +420 234 721 617 E-mail: [email protected] (Reporting by Prague Newsroom)

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