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Oil Report

Poland - Factors to Watch on Feb 19

 WARSAW, Feb 19 (Reuters) - Here are news stories, press
reports and events to watch which may affect Poland's financial
markets on Thursday. ALL TIMES GMT (Poland GMT + 1 hour):
 
 JAN OUTPUT, PPI DUE AT 1300 GMT
 Poland's statistical office will publish industrial
production and producer prices data for January. Analysts polled
by Reuters forecast output dropped 11.5 percent from a year
earlier while prices increased 2.2 percent.
 
 ZLOTY IN ERM-2
 Poland will not peg the zloty in the pre-euro ERM-2 currency
mechanism at the current market rate against the single
currency, Deputy Finance Minister Ludwik Kotecki was quoted as
saying by daily Gazeta Prawna.                   [ID:nWAR007934]
 
 EU FUNDS 
 The Polish finance ministry said on Wednesday it had
converted some euros from European Union funds on the currency
market through a state-owned bank.               [ID:nWAR007931]
 
 AGORA POST BIGGER Q4 LOSS
 Polish media group Agora AGOD.WA reported a fourth-quarter
net loss of 31 million zlotys ($8.1 million), more than twice
the expected shortfall, due to gloomy newspaper advertising
market and one-offs, it said on Thursday.        [ID:nWAR007935]
 
 PKN, PGNIG
 Poland's top oil refiner, PKN PKNA.WA, and the country's
dominant gas group, PGNiG PGNI.WA, plan to jointly buy a
foreign company with access to oil, Rzeczpospolita quotes PGNiG
chief executive.                                 [ID:nWAR007932]
 
 PKN WAGE DEMANDS
 Trade unions at Poland's largest oil refiner PKN Orlen
PKNA.WA are demanding a 10-percent wage increase this year,
Puls Biznesu reports the head of its unions Zdzislaw Kedzierski
as saying.
 
 ING BANK SLASKI
 Poland's ING Bank Slaski SLAS.WA will have to pull more
than 4.6 billion zlotys deposited at its controlling shareholder
ING Group ING.AS by July as required by the regulator, Parkiet
quotes its depty chief executive as saying.
 
 BANK DIVIDENDS
 Polish financial regulator has recommended that local banks
forgo dividends this year to conserve funds and may even punish
lenders who hand cash over to shareholders and, as a result,
their capital level are too low, Rzeczpospolita writes.
 
 FX OPTIONS
 The Polish financial regulator is looking into whether four
companies failed to inform their shareholders about the extent
of their exposure to toxic currency options.      [ID:nLI650930]
 
 News editor of the day: Adrian Krajewski
 
 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 .BUX  Prague PX .PX
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