Hungary, Factors to watch, May 4

BUDAPEST, May 4 (Reuters) - Following is a list of events in Hungary and the region, as well as news stories and press reports which may influence financial markets.

(For any queries: Budapest editorial +36 1 327 4745)

WHAT IS HAPPENING IN HUNGARY (ALL TIMES GMT)

BUDAPEST - Magyar Telekom Q1 results news conference (0630)

BUDAPEST - Retail sales, March (0600)

BUDAPEST - Magyar Telekom Q1 results conference call (1200)

IN THE REGION

ROMANIA - BRD Bank Q1 results

CZECH - Komercni Banka Q1 results (0500)

IN THE NEWS REUTERS

EU executive to propose reforming asylum system

The European Union's executive will propose a reform of the bloc's asylum rules on Wednesday, EU sources said, that reflects caution in the face of deep divisions among governments about how to handle the migration crisis.

Magyar Telekom Q1 net profit surges, exceeds forecast

Magyar Telekom reported on Tuesday a 245 percent surge in first-quarter net profit to 11.46 billion forints ($42.27 million) that exceeded market expectations, partly boosted by one-off gains.

Hungary to hold EU migrant quota referendum by October

Hungary will hold a referendum in September or early October on whether to accept any future European Union quota system for resettling migrants, the prime minister's office said on Tuesday.

Hungary's final Feb trade surplus EUR 978 mln -stats

Hungary's foreign trade surplus came in at 978 million euros in February based on final data, little changed from a 979.2 million euro first estimate, the Central Statistics Office (KSH) said on Tuesday. (Reporting by Marton Dunai)