September 6, 2017 / 6:18 AM / 19 days ago

Poland - Factors to Watch Sept 6

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):

INTEREST RATE DECISION

The central bank’s Monetary Policy Council is due to announce its decision on interest rates on Wednesday. All analysts polled by Reuters expect the MPC to keep rates unchanged at a record low of 1.50 percent.

COAL

Polish biggest coal mining firm PGG faces an increase in orders from its biggest clients to 20 million tonnes in 2018 from 18 million expected this year and 15 million in 2016, Parkiet daily said adding that PGG may have trouble providing the coal.

LOT

Polish airlines LOT booked a profit of 150 million zlotys ($42.27 million) in the first seven months of the year and expects its profit this year to exceed 300 million zlotys, Rzeczpospolita daily said quoting LOT CEO.

BANKS

There is room for five or six banks in Poland that would have an 80 percent market share in total, Dziennik Gazeta Prawna quoted the CEO of PKO BP, Poland’s biggest lender.

INVESTMENT

Beijing WKW Automotive Parts considers building an electric vehicle batteries plant in south of Poland, Puls Biznesu daily said adding the investment may be worth around 1.4 billion euros.

****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 = 3.5484 zlotys) (Reporting by Warsaw Bureau)

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