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Czech Republic – Factors To Watch on Aug 3

PRAGUE, Aug 3 – 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============================ PMI: Markit Purchasing Managers’ Index (PMI) data (0730 GMT) Komercni Banka Q2 profit below estimates as provisioning grows CORONAVIRUS CASES: Czech testing labs found 227 new cases of infection by the new coronavirus on Saturday and Sunday, the Health Ministry said, for a total of 16,800 cases. The number of daily cases on Sunday (102) was the lowest since July 19 although testing over the weekend is less. Among total cases, 11,605 have recovered and there were 384 deaths reported in connection with the illness. The number of active cases stood at 4,811. GDP: The Czech economy shrank at a record pace in the second quarter after coronavirus lockdown measures shut factories and businesses for an extended period, but the contraction was not as bad as widely feared. SLOVAKIA: Slovakia reported on Friday its first coronavirus death since the middle of May, bringing its toll to 29, one of the lowest in Europe. SKODA: Skoda Auto sees signs of recovery after first-half deliveries crashed 31% amid coronavirus lockdown measures, the Czech carmaker owned by Volkswagen said on Friday. Czech Coal Miner OKD To Launch Restart Work For Closed Mines On Aug 10 -CTK MONETA: Czech lender MONETA Money Bank aims to pay out dividends accrued in 2019 and 2020 after the first quarter of next year, Chief Executive Tomas Spurny said on Friday, even as it forecast a sharp drop in profits this year. BONDS: The proportion of non-residents holding Czech state domestic bonds edged down to 35.35% in June from 36.0% in May, Finance Ministry data showed on Friday. CEE MARKETS: Central European currencies edged up on Friday after the Czech Republic reported a smaller-than-expected contraction in its second-quarter GDP. EUROPE POWER: The spot electricity price for early next week delivery in Germany ticked up on Friday due to projected low renewable energy supply, while low demand weighed on the French price. STARTUPS: When altFINS’ private backer pulled out of a financing deal in March due to the coronavirus pandemic, the Slovak blockchain startup had another option – publicly-funded venture firm Crowdberry. After losing out on the original deal in November, Crowdberry managed to secure better terms the second time round, while altFINS got the money it needed. The episode underlines how some publicly-backed venture firms are stepping up to keep seed money flowing to infant companies in former communist countries such as Poland, the Czech Republic, Slovakia and Hungary as private investors retreat from the region’s nascent startup scene. ======================PRESS DIGEST============================= SKODA AUTO: The board of Skoda Auto, Volkswagen’s Czech unit, will meet about picking a new chief executive and is expected to tap VW’s South Africa boss Thomas Schaefer, according to the newspaper’s sources. * For a previous story: CORONAVIRUS: Prime Minister Andrej Babis said on his Facebook page on Saturday, after talks with health officials, that it appeared the new coronavirus was getting weaker. Pravo, 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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