Poland - Factors to Watch Oct 24

Alior Bank SA

24/10/2024 07:12

WARSAW, Oct 24 - The following are news stories, press
reports and events that may affect Poland's financial markets on
Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):    
    
    ARMS
    The U.S. State Department has approved the potential sale of
F-16 fighter jet upgrades, and related items and support, to
Poland for an estimated $7.30 billion, the Pentagon said on
Wednesday.     
    The Polish government will support investments in arms and
ammunition factories with tax relief - they are to be covered by
long-term CIT relief, up to 15 years, Rzeczpospolita daily
reported.
    
    ENERGY
    Maciej Bando, the government representative responsible for
strategic energy infrastructure and the construction of a
nuclear power plant, is to leave the government, Rzeczpospolita
daily reported, adding that Bando does not comment on the
matter. 
    
    LABOR MARKET
    In September, the number of group layoffs again was higher
than a year ago; meanwhile unemployment remains low, which,
according to experts, is due to demographics and the fact that
more people are leaving the labor market than entering it,
Rzeczpospolita daily reported.
    
    DEBT
    By 2028, the so-called off-budget debt is expected to
increase to over 600 billion zlotys ($149.00 billion) from 360
billion zlotys in 2023, which shows that the current government
does not intend to restore full parliamentary control over
public finances in Poland, Parkiet daily reported.
    
    RELATIONS WITH RUSSIA
    The Polish government wants to withdraw Poland's accession
to the Russian organization providing satellite communications
services, Intersputnik, Rzeczpospolita daily reported, adding
that this must be done by the president. 

    ALIOR BANK  ALRR.WA 
    Poland's Alior Bank posted a bigger-than-expected 16% rise
in third-quarter net profit on Thursday, supported by higher net
interest and commission income, as well as lower provisions
related to payment holidays for mortgage holders.    
    
    ****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        PL-E      E.Europe equities      .CEE 
 Polish money           PL-M      Polish debt            PL-D  
 Eastern Europe         EEU       All emerging markets   EMRG 
 Hot stocks             HOT       Stock markets          STX 
 Market debt news       DBT       Forex news             FRX 
 
 For real-time index quotes, double click on:
 Warsaw WIG20  .WIG20   Budapest BUX  .BUX   Prague PX  .PX 



($1 = 4.0269 zlotys)

 (Reporting by Warsaw Bureau)
 ((warsaw.newsroom@reuters.com; tel. +48 22 6539700))