Poland - Factors to Watch on July 14

WARSAW, July 14 (Reuters) - Here are news stories, press
reports and events to watch which may affect Poland's financial
markets on Tuesday. ALL TIMES GMT (Poland GMT + 2 hours):

BUDGET AMENDMENT

The lower house of the parliament starts work on a budget
amendment, which envisages increasing budget gap by a half to 27
billion zlotys. Government wants the lower house to finish work
on Saturday before the bill goes to the upper house.

BUDGET GAP

The government will have to pay about 10 billion zlotys
($2.2-3.2 billion) to power companies in overpaid excise tax,
Rzeczpospolita daily reported. On Monday Warsaw court decided
excise tax on energy was incorrectly calculated since January
2006.

RUCH PRIVISATION

Poland's treasury may change its approach to retailer Ruch
privatisation, the Treasury Ministry's spokesman Maciej Wewior
told Parkiet daily. The ministry may now sell the entire stake
to a selected investor instead of waiting for a call for shares.

INFLATION

Poland will not meet euro entry inflation criterion neither
in 2009 nor in 2010 but has a chance to meet it in 2011,
Monetary Policy Council (MPC) member Dariusz Filar was quoted as
saying on Tuesday on Rzeczpospolita website.

Filar also said inflation would remain close to 3.5 percent
until January-February 2010 when the term of the current MPC
ends. [ID:nWAR008532]

JUNE INFLATION, DATA

Polish statistics office releases June inflation data at
1200 GMT. Analysts polled by Reuters expect inflation to have
stabilised at 3.6 percent last month.

At the same time the statistics office releases trade data
for January-May period.

Separately, the Polish central bank releases May current
account data and June M3 money supply at 1200 GMT.

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

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