S.Korea’s Nexen Tire mulls factory in Czech Republic.

South Korea’s Nexen Tire Corp said on Wednesday that it was considering constructing a factory in Czech Republic, after the South Korean firm secured new customers like Volkswagen in Europe.  “We are considering (the plant) as we need to expand production capacity for the mid and long-term, but nothing has been decided,” Nexen Tire told South Korea’s stock exchange. The company, which has manufacturing facilities in South Korea and China, has supplied tires to Volkswagen and its Czech unit Skoda Auto as well as Fiat. Nexen Tire is also a supplier to Hyundai Motor, which has a factory in Czech Republic.

Source Reuters

Czech Republic – Factors To Watch on March 25

(Corrects date of Philip Morris annual meeting to April 25) PRAGUE, March 25 (Reuters) – Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday. ALL TIMES GMT (Czech Republic: GMT + 1 hours

=========================ECONOMIC DATA======================== Real-time economic data releases………………. Previous stories on Czech data………… Overview of economic data and forecasts……… Updates on CEE currencies……………………… ===========================EVENTS============================== PRAGUE – Industry Minister Jan Mladek speaks on industrialpolicy (0730 GMT) Related news: PRAGUE – Lower house of parliament reopens session (1300GMT). Related news: KUTNA HORA – Philip Morris CR releases dividendproposal and an invitation to April 25 annual meeting. Related news: ===========================NEWS================================ FISCAL COMPACT: The Czech cabinet agreed on Monday to jointhe European Union’s fiscal compact on budget stability, in amove it said underlined Prague’s support for closer EUintegration after a period of relatively eurosceptic government. Story: Related news: CEZ: CEZ shares jump after Finance Minister Andrej Babissaid he wanted energy company CEZ to pay out its full2013 profit in dividends. Story: Related news: CEE MARKETS: Central European currencies and bonds postedmodest gains on Monday as a calmer tone returned to markets hitin recent weeks by the crisis in neighbouring Ukraine. Story: Related news: CEE POWER: Central European prompt power retreated on Mondayafter overshooting expectations a day earlier and weighed downby increased supply with the restart of a Czech nuclear reactor,traders said. Story: Related news: ———————- MARKET SNAPSHOT ———————— Index/Crown Currency Latest Prev Pct change Pct change close on day in 2014 vs Euro 27.422 27.42 -0.01 -0.33 vs Dollar 19.829 19.898 0.35 0.19 Czech Equities 990.37 990.37 -0.12 0.13 U.S. Equities 16,276.69 16,302.77 -0.16 -1.81 Pvs close or current levels vs prior domestic close at 1600 GMT======================= PRESS DIGEST ========================== NO BIG JUMP IN IMMIGRATION FROM UKRAINE: The Czech Republichas not seen any significant increase in visa applications fromUkraine, the interior ministry said. Pravo, page 3 HIGHER PAYMENTS TO HOSPITALS: The government will pay about2.1 billion crowns ($105.49 million) more this year and 4.2billion next year in health insurance for children, pensionersand the unemployed to compensate healthcare providers forpatient bed and board fees that have been struck down by theConstitutional Court. E15, page 2 DEPUTY FINANCE MINISTER REPLACED: Martin Pros, a nominee ofthe ruling Social Democrats, will replace Radek Urban as thedeputy finance minister in charge of financial markets. Pravo, page 4 Reuters has not verified the media reports, nor does itvouch for their accuracy. For Instant Views of key economic data click on For summary of economic data and forecasts For diary of forthcoming Czech events For calendar of east European economic indicators TOP NEWS — Emerging markets TOP NEWS — Convergence watch For an economic indicator diary for the euro zone, the United States and other Group of Seven countries see For real-time stock market index quotes click in brackets: Warsaw WIG20 Budapest BUX Prague PX

Source Reuters

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