October 26, 2017 / 4:59 AM / a year ago

Poland - Factors to Watch Oct 26

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


Poland’s largest telecoms operator Orange Polska raised its full-year core earnings guidance on Wednesday, citing a rebound in its fixed broadband business.


The central bank is due to publish minutes from the October meeting of the Monetary Policy Council at 1200 GMT.


Lotos, Poland’s second-biggest oil refiner, reported on Thursday a bigger-than-expected, 63-percent rise in third-quarter net profit year on year to 619 million zloty ($172.51 million) thanks to higher sales, margins and throughput after 2016 refinery shutdowns.


Workers at a mine owned by the biggest coal producer PGG threat they will go on strike if the management does not agree to pay a one off benefit and introduce unified payment rules for all workers, Parkiet daily said quoting trade unions.


Poland will inject 1.5 billion zlotys in cash and 3 billion zlotys in bonds to the state-bank BGK, Dziennik Gazeta Prawna daily said.


Some investors consider it unfair that Polish lender Pekao did not inform them about the plans to merge with its smaller rival Alior Bank when they subscribed for Pekao bonds earlier in October, Puls Biznesu daily said quoting unnamed sources.

****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 = 3.5882 zlotys) (Reporting by Warsaw Bureau)

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