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Czech Republic – Factors To Watch on July 28

PRAGUE, July 28 – Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday. 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============================ CORONAVIRUS CASES: Czech testing labs found 195 new cases of infection by the new coronavirus on Monday, the Health Ministry said, for a total of 15,516. The ministry sharply adjusted the number of active cases lower over the weekend, cutting it by 1,775 after an update by regional public health offices pushed the number of recoveries higher. There are now 3,828 from a previous figure above 5,000. Among total cases, 11,315 have recovered, according to updated statistics, and there were 373 deaths reported in connection with the illness. BONDS: The Czech Finance Ministry will offer up to 5 billion crowns ($223.87 million) worth of domestic government bonds in two primary sales in August, easing borrowing after heavy issuance seen in previous months, the ministry said on Monday. CENTRAL BANK: A recent jump in Czech inflation is temporary and the central bank is unlikely to have to raise interest rates for at least a year, rate setter Tomas Holub was quoted as saying on Monday. SMART QUARANTINE: The Czech government announced on Monday an overhaul of its much-criticised system of tracking and isolating contacts of people with COVID-19 as it battles a spike in new infections. CEE MARKETS: Central Europe’s currencies firmed to multi-week highs on Monday, with the Czech crown at its strongest since mid-March as a weaker dollar boosted the market. EUROPE POWER: Prompt power prices fell in the European wholesale market on Monday as German wind power supply was forecast to more than double day-on-day, while forwards sagged on weaker carbon prices. ======================PRESS DIGEST============================= CORONAVIRUS MEASURES: The Health Ministry’s new “stop-light” system for dealing with rising coronavirus infections in specific localities lists Prague as the only area in the country lower than “green” as the capital stands at “yellow.” Pravo, page 1 WORK PLAN: Labor Minster Jana Malacova presented an early proposal for a permanent short-term, or Kurzarbeit, program that would take effect when the current measures run out in August. Hospodarske Noviny, page 3 (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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