Poland - Factors to Watch Dec 2
02/12/2015 07:14
Following are news stories, press reports and events to watch
that may affect Poland's financial markets on Wednesday. ALL
TIMES GMT (Poland: GMT + 1 hour):
RATES ECONPL
Poland's Monetary Policy Council will decide on interest
rates on Wednesday. Analysts expect the panel will leave rates
steady at 1.5 percent.
BONDS
Poland's finance minister Pawel Szalamacha said the
government is considering issuing bonds in Japanese yen in
addition to dollar- and euro-denominated debt, Gazeta Polska
weekly reported on Wednesday. ID:nL8N13R0DK
DEFICIT
Poland's finance minister Pawel Szalamacha told Gazeta
Polska weekly that he does not rule out that the budget deficit
would incidentally reach 3.1-3.2 percent of gross domestic
product, while he aims at keeping it at up to 3 percent.
Meanwhile, minister in the Prime Minister's chancellery
Henryk Kowalczyk said that 2015 budget deficit will be higher
than expected by 5-10 billion zlotys ($1.24-2.48 billion).
500 ZLOTYS/CHILD
Poland wants to introduce 500 zlotys monthly child benefit
as of April next year at the latest, labour minister Elzbieta
Rafalska was quoted as saying by Gazeta Wyborcza. The poorest
families may lose part of their current benefits, though.
DIVIDENDS
Poland's treasury ministry is not willing to increase
dividends from state-run companies as it sees their need to
invest, finance minister Pawel Szalamacha told Rzeczpospolita
daily commenting on income to 2016 budget.
JSW JSW.WA
The troubled coking coal producer JSW considers selling some
of its energy, coking and transportation assets to state-run
investment vehicles in order to secure cash, Rzeczpospolita said
quoting its unnamed sources.
HEALTHCARE
Poland's new health minister plans liquidation of the
National Health Fund, an institution responsible for financing
healthcare system that would be financed directly by the state
budget, Gazeta Wyborcza daily said citing the minister speaking
in parliament.
MBANK MBK.WA , PZU PZU.WA
Polish lender mBank MBK.WA is selling up to 4.7 million
shares in state-controlled insurer PZU through an accelerated
book building process, it said on Tuesday.
PZU PZU.WA
Poland's financial market regulator KNF said on Tuesday it
upheld its recommendation on the rules of insurers' dividend
payouts saying that those which meet the most strict
requirements could pay out up to 100 percent of their profits in
dividends.
AMICA WRONKI AMCP.WA
Poland's white goods maker Amica Wronki paid 147 million
zlotys to buy U.K.-based distributor of such products CDA,
Gazeta Wyborcza said.
ENERGA ENGP.WA
Poland's Prime Minister Beata Szydlo told Nasz Dziennik
daily that she sees a need for modernisation and expansion of
the power plant in north-east city of Ostroleka. The power plant
belongs to Warsaw-listed Energa.
ELECTRICITY
Poland could lack the necessary power capacity reserves at
the start of next year due to the planned maintainances of power
stations that would result in cutting off 2.5 gigawatts of
capacities in January and February, Rzeczpospolita daily said.
****Reuters has not verified these stories and does not
vouch for their accuracy.****
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Keywords: POLAND FACTORS/