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):
Poland’s statistics office is due to release its first estimate of the second-quarter gross domestic product at 0800 GMT.
Polish President Andrzej Duda has signed into law a bill that will curb subsidies for producers of renewable energy and allow state-run energy firms to terminate long-term deals with producers of green energy, Gazeta Wyborcza daily reported.
KGHM’S Chilean Sierra Gorda mine will be able to process 130,000 tonnes of copper ore per day from the current 100,000 tonnes and the project will hopefully become profitable over the next 3 to 4 years, Chief Executive Radoslaw Domagalski-Labedzki told Dziennik Gazeta Prawna daily.
He also said that the company’s future is centred around Poland’s Lower Silesia region where KGHM plans to invest about 10 billion zlotys ($2.74 billion) over the next 4 years.
Polish President Andrzej Duda is not withdrawing from a bill that would return some of excessively high foreign currency conversion spreads to foreign currency borrowers at the expense of banks, Dziennik Gazeta Prawna cited the president’s chancellery as saying.
****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****
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