March 22, 2018 / 7:07 AM / a year ago

Poland - Factors to Watch March 22

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


Poland’s Cyfrowy Polsat said its fourth-quarter net profit fell to 167 million zlotys ($48.81 million) from 350 million a year earlier, while analysts were expecting earnings of 258 million zlotys, which did not took into account tax changes that impacted the company’s profit.


Employee’s Capital Pension Scheme (PPK), backed by Prime Minister Mateusz Morawiecki, was criticised by many ministers in the Law and Justice government as well as by the central bank and the financial market regulator, Dziennik Gazeta Daily reported.

The final decision on whether to launch the scheme will be made by party leader Jaroslaw Kaczynski, the report said.


The government’s minister responsible for power and gas infrastructure, Piotr Naimski, may visit Lithuania next week to discuss the planned construction of a gas pipeline that would connect Polish and Lithuanian grids, Dziennik Gazeta Prawna daily reported, citing unnamed sources.


Poland considers building three nuclear reactors with a total capacity at 4.5-5 gigawatts, Dziennik Gazeta Prawna reported, citing Energy Minister Krzysztof Tchorzewski, who expects the investment to be completed by 2040.


The EU’s biggest coking coal miner, JSW, will likely buy from Australia’s Prairie Mining a firm called Karbonia, which owns an exploration licence for Debiensko mine, Dziennik Gazeta Prawna daily reported, citing unnamed sources.


Poland will talk about joining the euro zone, once Warsaw knows more about the euro zone’s condition in the future, foreign minister Konrad Szymanski told Rzeczpospolita daily, confirming the government’s earlier stance.


The Polish central bank to release February money supply M3 data at 0100.


The combined amount of Swiss franc-denominated mortgages in Poland fell year-on-year by 27 billion zloty to 110 billion zloty in 2017, mainly due to the fall in the value of Swiss franc, Rzeczpospolita said.


Women will protest on Friday afternoon in Warsaw against the planned tightening of the abortion law, Gazeta Wyborcza daily reported.


Unions at Poland’s national air carrier LOT are threatening to strike on May 1 due to a conflict with the management regarding remuneration.


Second hand car sales network AAA Auto may be listed again on the Prague stock exchange as its current owner, Polish fund Abris Capital Partners, plans to sell its stake, Puls Biznesu daily reported.

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

For other related news, double click on: Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news For real-time index quotes, double click on: Warsaw WIG20 Budapest BUX Prague PX ($1 = 3.4256 zlotys) (Reporting by Warsaw Bureau; Editing by Amrutha Gayathri)

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