March 16, 2017 / 7:10 AM / 8 months ago

Poland - Factors to Watch March 16

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):

WAGES, C/A DATA

Poland’s statistics office is to release February employment and corporate sector wages data at 1300 GMT. The central bank will publish January current account at the same time.

CYFROWY POLSAT

Poland’s largest media group said on Thursday that its 2016 net profit stood at 1.041 billion zlotys ($259 mln) versus 0.97 billion seen in a Reuters poll of analysts.

GRUPA AZOTY

Fertiliser producer Grupa Azoty estimated on Thursday that its 2016 net profit stood at 375 million zlotys.

RAIFFEISEN POLBANK (IPO-RBP.WA)

Parkiet daily estimated that the planned IPO of Raiffeisen’s Polish unit may be worth several hundred million zlotys. As part of the public offering, the bank is to sell 15 percent of its shares.

According to Parkiet, 15 percent of shares are worth 950 million zlotys assuming a price equal to the bank’s book value, but a discount for low profitability and a large Swiss franc mortgages portfolio will likely be applied, Parkiet said.

****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 (Reporting by Warsaw Bureau)

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