September 7, 2017 / 6:25 AM / 10 months ago

Poland - Factors to Watch Sept 7

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):


The combined net profit of banks in Poland will likely reach from 14 billion zlotys ($3.93 billion) to 15 billion zlotys in 2017, a poll conducted by Parkiet daily among analysts showed.


Finance Minister Mateusz Morawiecki plans to replace currently existing special economic zones with incentives for firms to invest that would be available in all of Poland’s territory, Puls Biznesu reported.


The number of retail clients of Polish investment funds has increased to 2.15 million in the second quarter, its highest level in about 9 years, partly reflecting the impact of record low interest rates, Parkiet daily reported.


The state-controlled Bank Pocztowy is preparing for a share issue that could reach about 90 million zlotys, Parkiet daily reported.


The assets of troubled state-run coal miner PGG could be distributed among state-controlled energy firms if these firms decline to provide more financing for the cash strapped PGG, Dziennik Gazeta Prawna reported.


Finance Minister Mateusz Morawiecki told Dziennik Gazeta Prawna that he hopes that 60 to 70 percent of eligible people will retire next year instead of 85 to 90 percent assumed in the 2018 budget.


The central bank is due to publish the level of foreign exchange reserves in August at 1200 GMT.

****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 = 3.5615 zlotys) (Reporting by Warsaw Bureau)

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