By Leos Rousek
TODAY'S CALENDAR
Local/GMT
0900/0700 Czech September PPI
1100/1100 MOL CEO at a opening of new plant
1130/0930 Hungary 3-month T-bill auction
1400/1200 Poland September CPI
Polish and Czech inflation for September are the main points of
economic interest Tuesday, with ongoing tensions between Hungary
and Croatia over an alleged bribery case also in focus.
Many analysts expect Poland's consumer price index to come in at
1.1% in September, unchanged from August. And while such a reading
would be well below the central bank's 2.5% target, the data is
unlikely to cause the bank to alter its plan of keeping the
headline interest rate at a record low of 2.5% through at least
end-2013.
Czech producer price growth is expected to have eased to 0.4% on
an annual basis in September from 0.5% in August, which would
confirm tame inflationary pressures, and comes as the economy
emerges from its worst recession since the 1990s.
The chief executive of oil and gas group MOL Nyrt. (MOL.BU),
Zsolt Hernadi, is to attend the opening of the company's production
facility in eastern Hungary. This will be Mr. Hernadi's first
public appearance after Croatian authorities last month issued an
international arrest warrant to pressure him to face questioning in
relation to a bribery case against Croatia's former prime minister,
Ivo Sanader. The case centers on how MOL gained control over its
Croatian unit while Mr. Sanader was in power.
Last week a Hungarian court rejected the Croatian arrest warrant
against Mr. Hernadi, arguing that Hungarian authorities already
investigated the matter and found no evidence of wrongdoing.
EUR/CZK
Latest 0150 GMT 25.518-89
Previous 2150 GMT 25.512-81
%Chg +0.03
EUR/HUF
Latest 0150 GMT 295.74-6.48
Previous 2150 GMT 295.64-6.54
% Chg +0.01
EUR/PLN
Latest 0150 GMT 4.1812-60
Previous 2150 GMT 4.1785-867
% Chg +0.02
FIXED INCOME
Hungary
Mon Fri
3 yrs 4.40% 4.40%
5 yrs 4.90% 4.84%
10yrs 5.67% 5.60%
Poland
Mon Fri
3 yrs 3.07% 3.13%(1)
5 yrs 3.66% 3.74%
10yrs 4.37% 4.42%
(1) 2 yrs
Czech Republic
Mon Fri
3 yrs 0.38% 0.38%
5 yrs 1.16% 1.16%
10yrs 2.41% 2.40%(1)
(1) 11 yrs
STOCKS
WIG 20
2,498.77+9.13+0.37%
BUX
18,550.87-87.30-0.47%
PX
966.50+3.40+0.35%
OTHER NEWS
HUNGARY: Hungary's governing Fidesz party urged parliament
Monday to resist pressure from the European Union and forge ahead
with plans to cut household energy and utility prices.
Hungary slashed prices for energy and other public household
services by 10% from January this year. It has a further 11.1%
energy price cut lined up for Nov. 1.
ROMANIA: The privatisation of Romania's freight rail company, a
key commitment to the International Monetary Fund, failed Monday,
with the government and the would-be buyer blaming each other for
the breakdown.
Romanian transporter Grupul Feroviar Roman, or GFR, which in
June was declared winner of the tender, had until Monday evening to
pay EUR202 million for a 51% stake in CFR Marfa.
Write to Leos Rousek at leos.rousek@wsj.com
Go to http://blogs.wsj.com/emergingeurope for the new WSJ and
Dow Jones blog on Central and Eastern Europe, covering business,
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