8 de octubre de 2014 / 5:58 / hace 3 años

Poland - Factors to Watch Oct 8

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

INTEREST RATES

Polish central bank’s rate-setting Monetary Policy Council (MPC) will announce its interest rates decision.

Poland’s finance minister Mateusz Szczurek told the public radio on Wednesday he supported the central bank in hitting its inflationary target of 2.5 percent.

STATE BUDGET

The Polish parliament will hold its first hearing of the 2015 state budget draft.

BANKS

Moody’s rating agency expects Polish banking system to continue to report good profitability, but its outlook remains negative.

KGHM

Polish copper miner is analysing two new deposits at its Sierra Gorda mine in Chile which could extend the mine’s life by another 20 years, Poland’s PAP news agency quoted the firm’s Chief Executive Herbert Wirth as saying on Tuesday.

In an interview for daily Rzeczpospolita Wirth added that if copper prices remain at around $7,000 a tonne, its investment in Sierra Gorda will be paid off in seven to eight years.

The state-run miner also plans to present its new payment scheme to unions this month, daily Parkiet reported.

JSW

The Polish coking coal miner may be in for union protests after the state-run company announced plans to scrap some bonus payments in the face of falling coal prices, daily Rzeczpospolita reported.

OTP

Hungary’s largest bank OTP entered the race to buy Poland’s smallest lender FM Bank PBP from private equity fund Abris, daily Puls Biznesu cited unnamed sources as saying.

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

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