March 1, 2013 / 6:51 AM / 5 years ago

Poland - Factors to Watch on Mar 1

Here are news stories, press reports and events to watch which
may affect Poland's financial markets on Friday. ALL TIMES GMT
(Poland: GMT + 1 hours):
    Markit/HSBC is to release manufacturing PMI index for
February at 0800 GMT.
    Poland's statistical office is to release Q4 2012 economic
growth data at 0900 GMT.
    Polish Prime Minister Donald Tusk will decide on Monday
whether to dismiss Justice Minister Jaroslaw Gowin, a spokesman
said on Thursday, bringing to a head a long-standing feud that
threatens to destabilise the ruling coalition's majority in
    Europe's No.2 copper producer reported lower than expected
fourth-quarter earnings, hit by a new mining tax and compared to
a one-off boosted year-ago period, it said on Friday.
    KGHM also raised the estimated overall costs of its key
Chilean copper project in Sierra Gorda by over a third to $3.9
billion in the face of rising exploration costs. 
    Poland's No.1 telecom, a unit of France Telecom,
may cut up to 5,000 jobs between 2014 and 2016 because it is
under pressure from an economic slowdown and rising competition,
the daily Puls Biznesu reported on Friday. 
    PKO BP 
    The state-owned Poczta Polska has rejected the offer by
Poland's top lender PKO BP to buy a 75-percent stake in
Bank Pocztowy and is now planning to take over the remaining
stake from PKO, Rzeczpospolita daily wrote. 
    Poland's Finance Ministry plans to levy a 1.5-percent and
3-percent tax on shale and conventional gas, respectively. All
taxes and payments connected with oil and gas exploration will
total 40 percent of the secor's profits, daily Rzeczpospolita
    For other related news, double click on:
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