Ranní komentář 19.08.- možnost poklesu je velká

  We expect light trading with a bigger downside potential as the country is calculating the damage from the floods.

* MACRO: The Finance Minister said the government would not issue new bonds to
finance reconstruction caused by the floods. He added it will cut some expenditures (as the purchase of jet fighters) and use revenues from privatization to cover it.

* CESKY TELECOM: CEO of C.TELECOM said that most of the company's damages is covered by insurance.

* UNIPETROL: CHEMOPETROL will probably have to reduce its production since its two important customers, SPOLANA and LOVOCHEMIE, are still partially flooded and expect to resume production only in a few weeks.

-CEO of AGROFERT, A. Babis, holds a press conference re its decision whether or not he will buy UNIPETROL should also be announced.