WARSAW, July 1 (Reuters) - Here are news stories, press
reports and events to watch which may affect Poland's financial
markets on Wednesday. ALL TIMES GMT (Poland GMT + 2 hours):
INFLATION
The finance ministry is expected to release its inflation
forecast for June.
PMI
Markit Economics is set to release its June Purchasing
Managers' Index for Poland at 0700.
OUTSIDE DEFICIT
The debt of state insurance fund (FUS), which pays out most
pensions in Poland, may reach 5-8 billion zlotys, daily Gazeta
Wyborcza reports quoting the insurer's deputy head Maria Szczur.
Warsaw has a long tradition of pushing deficit out of the
central budget in times of economic slowdown, which allows for a
smaller gap but does not translate into lower general government
deficit to Gross Domestic Product (GDP) ratio.
PKN
Poland's top oil refiner PKN PKNA.WA will have to pay a
Czech chemicals group 77 million euros in damages over a broken
deal related to PKN's purchase of Unipetrol (UNPEsp.PR).
[ID:nLU878213]
PKO DIVIDEND
Poland's treasury pushed through a 1 billion zlotys dividend
at the country's top bank PKO BP PKOB.WA on Tuesday as part of
a wider plan to extract up to 3 billion zlotys in cash to help
plug a gaping budget hole. [ID:nLU583571]
STRESS TESTS IN POLAND
Polish banks will be able to absorb the effects of rising
bad loans due to worsening economic conditions, the central bank
said in the conclusions of the sector's stress test on Tuesday.
[ID:nLU539187]
News editor of the day: Kuba Jaworowski
NOTE - For a diary of forthcoming events see [PL/DIARY] and
a calendar of east European economic indicators see
[CONV/DIARY].
For other related news, double click on:
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