Poland - Factors to Watch on Jan 5

WARSAW, Jan 5 (Reuters) - Here are news stories, press
reports and events to watch which may affect Poland's financial
markets on Monday. ALL TIMES GMT (Poland GMT + 1 hour):

TENDER

Poland's finance ministry to offer 0.5-0.6 billion zlotys
($166.5 million-$199.8 million) in 39-week treasury bills at
Monday tender.

RATES

The Polish central bank may be cutting interest rates in
half a percentage point increments during the current easing
cycle, hawkish policymaker Marian Noga tells Rzeczpospolita.

TVN AD REVENUES

Poland's only listed TV broadcaster TVN TVNN.WA had 2.8
billion zlotys in pre-rebate advertising revenues in 2008
followed by unlisted Polsat with 2.7 billion, Puls Biznesu
reports, citing data compiled by AGB Nielsen Media Research.

ZELMER

Poland's home appliance producer Zelmer ZELM.WA will set
aside up to 25 million zlotys to cover potential losses on
currency hedging in the fourth quarter, its chief executive
tells Parkiet.

INFLATION

Poland's average inflation is likely to ease in 2009 due to
the economic slowdown, but regulated prices will keep it at
about 3.5 percent, central banker Halina Wasilewska-Trenkner was
quoted as saying on Saturday. [ID:nL3456421]

GAS DELIVERIES

Russian gas deliveries to Poland through Ukraine fell
further on Saturday, dropping by 5 million cubic metres a day,
but deliveries through Belarus made up for the shortfall, the
director of gas operator Gaz System said on Saturday.
[ID:nL3481816]

News editor of the day: Dagmara Leszkowicz

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:
Polish equities [PL-E] E.Europe equities [.CEE]
Polish money [PL-M] Polish debt [PL-D]
Eastern Europe [EEU] All emerging markets [EMRG]
Hot stocks [HOT] Stock markets [STX]
Market debt news [DBT] Forex news [FRX]

For real-time index quotes, double click on:
Warsaw WIG20 .WIG20 Budapest BUX Prague PX .PX
($1=3.003 Zloty)
($1=3.003 Zloty)