May 15, 2018 / 6:14 AM / 5 months ago

Poland - Factors to Watch May 15

Following are news stories, press reports and events to watch that may affect Poland’s financial markets on Tuesday. ALL TIMES GMT (Poland: GMT + 2 hours):

GDP, CPI DATA

The statistics office is to release April consumer inflation data and first quarter gross domestic product data at 0800 GMT.

CYFROWY POLSAT, NETIA

Media and telecoms company Cyfrowy Polsat together with Karswell Limited will proceed with their tender offer for the shares of telecoms firm Netia despite the fact that one of the conditions for the tender offer has not been fulfilled, Cyfrowy Polsat said in a statement late on Monday.

TAXES

Poland is considering lowering the corporate income tax for small and medium-sized companies to 9 percent starting from the beginning of 2019, Deputy Finance Minister Pawel Gruza told Rzeczpospolita daily.

CCC

The net loss of shoes producer CCC widened to 146 million zlotys in the first quarter from 41 million a year ago.

PLAY

The net profit of telecoms company Play Communications increased to 153 million zlotys ($42.69 million) in the first quarter from 19 million a year ago.

GETBACK

Debt collector GetBack, currently undergoing restructuring, is expected to publish its 2017 financial report on Tuesday.

FINANCIAL RESULTS

Copper miner KGHM and Poland’s largest utility PGE are due to publish financial results after the Tuesday trading session.

****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 = 3.5843 zlotys) (Reporting by Warsaw Bureau)

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