March 21, 2017 / 7:33 AM / 10 months ago

Poland - Factors to Watch March 21

Following are news stories, press reports and events to watch that may affect Poland’s financial markets on Tuesday. ALL TIMES GMT (Poland: GMT + 1 hour):


The finance ministry will release supply for the Thursday bond tender around 1030 on Tuesday.


China Security & Fire will buy the Polish cash escorting company Konsalnet from Value4Capital for 110 million euros ($118.38 million), Puls Biznesu daily said.


56.5 percent of Poles negatively assess President Andrzej Duda, while 62.3 percent criticise Prime Minister Beata Duda, according to IBRiS poll published by Rzeczpospolita daily.


The ruling Law and Justice party has decided to limit the number of terms for local government heads to stop almost two thirds of present officials from taking part in local elections scheduled for 2018, Dziennik Gazeta Prawna daily said.


Cutting the retirement age in Poland does not support the anticyclical policy that governments should conduct, the World Bank’s representative for Poland and the Baltic states, Carlos E. Pinerua, was quoted as saying by Rzeczpospolita.


Insurance companies will increase car insurance prices again after they rose 40 percent last year, Gazeta Wyborcza daily said. The trend is connected to heavy losses that insurance companies suffered in the car insurance sector.


Deputy Prime Minister Mateusz Morawiecki proposes to ban super and hypermarkets from trading every second Sunday, Dziennik Gazeta Prawna said.


Poland will become Astra Zeneca’s biggest centre coordinating clinical research as the company plans to develop its present outlet and increase its workforce to around 1,000 people from 400 presently, Rzeczpospolita said.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

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