Ranní komentář 22.08. - pozor na Unipetrol

  We expect that the most of the Czech stocks could retrace some of their yesterday's gains.

* UNIPETROL - (I)The government decided to prolong a deadline for AGROFERT to pay for the 63% stake in UNIPETROL by the end of 2002.

(II) Subsidiary SPOLANA, a PVC producer, estimates flood related damages  to CZK 850mil.

* CEZ - (I) An informed government source said most of government ministers did not want to speed up intended privatisation of CEZ because of floods.

(II) CEZ estimates flood related damages to CZK hundreds of millions

* CESKY TELECOM: Consortium of TDC/DEUTSCHE BANK initiated due diligence in C.TEL.The privatisation contract should be signed by the end of October.

* MACRO - Foreign trade balance for July is comming out today.  Industry and Trade Minister - press conference on recovery of industry damaged by floods