April 25, 2018 / 6:20 AM / 7 months ago

Poland - Factors to Watch Apr 25

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

DATA

Poland’s statistics office to release March unemployment data at 0800 GMT.

POLAND’S CONFLICT WITH EU

Poland’s argument with the EU over rule of law may not be ended if the opposition continues to use this conflict as an instrument in domestic political struggles, President’s Andrzej Duda chief foreign policy adviser Krzysztof Szczerski told Rzeczpospolita daily.

RESTITUTION OF HEIRLESS JEWISH PROPERTY

U.S. Congress has approved a bill directing the United States to help in efforts aimed at the restitution of heirless Jewish property so that it can be used to assist Holocaust survivors.

A large part of this heirless property of Jews killed in the Holocaust is located in Poland, Rzeczpospolita daily reported. bit.ly/2oEJDvZ

PKO BP

Poland’s biggest lender PKO BP booked 228 million zlotys ($66.27 million) in charges for a bank guarantee fund and bank restructuring fund in the first quarter of 2018, the bank said on Tuesday.

GETBACK

The value of outstanding bonds of debt collecting firm GetBack stood at 2.6 billion zlotys at the end of March owned by 9064 retail investors and 178 financial institutions, Parkiet daily quoted data from financial supervisors KNF.

Separately, S&P suspended its rating for GetBack, which the agency said is experiencing difficulties with the full and timely repayment of at least one of its private debt placements.

11 BIT STUDIOS

The share price of computer game maker 11 Bit Studios rose on Tuesday as the company’s latest game Frostpunk gathered positive opinions on the Metacritic website, Parkiet daily reported.

ORANGE POLSKA

Orange Polish unit is to publish first quarter financial results after market closes.

****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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