Poland - Factors to Watch July 11

Capitea SA

11/07/2018 07:09

WARSAW, July 11 - Following are news stories, press reports
and events that may affect Poland's financial markets on
Wednesday. ALL TIMES GMT (Poland: GMT + 2 hours):
  
    INTEREST RATES  PLINTR=ECI 
    Polish central bank is to decide on the interest rates at
its monthly sitting. Analysts expect that rates will stay at
their record-low level of 1.5 percent. The bank will also
publish its newest economic forecast.  
    
    POLAND-UKRAINE
    Poland marks the anniversary of 1943 massacres of thousands
of Poles in Wolyn, now western Ukraine. Poland accuses Ukrainian
nationalists of the massacre, which casts a long shadow on
relations between the two neighbours.
    
    RULE OF LAW
    European affairs ministers of the European Union's 28 member
states will discuss again concerns over upholding the rule of
law in Poland at a meeting after the summer, daily Dziennik
Gazeta Prawna reports.
    Malgorzata Gersdorf, who defied new laws forcing her into
early retirement from the job of the head of Poland's Supreme
Court, should be back at work after holidays on July 20, the
judge temporarily replacing her, Jozef Iwulski, tells Gazeta
Wyborcza daily.
    Iwulski says the new laws passed by the government to lower
retirement age for judges that force Gersdorf out amount to
bypassing the Polish constitution, which says her term should
run for six years. It should hence end in 2020, Iwulski said. 

    CENTRAL BANK AND BANKING REGULATOR
    It is unlikely that the government would heed calls by the
head of the Polish central bank, Adam Glapinski, to merge his
institution with Poland's banking regulator, the Financial
Supervision Authority (KNF), daily Dziennik Gazeta Prawna
writes.
    
    LOT  LOT.UL 
    Poland's leading labour union OPZZ called on Prime Minister
Mateusz Morawiecki to sack the head of the country's national
flag carrier LOT, daily Gazeta Wyborcza writes.
    
    PGG
    The Polish energy ministry is not keen to split the
state-run coal miner PGG to put its mines directly under power
producing companies that already own PGG shares, daily Parkiet
writes. 
    
    SHOPPING PATTERNS
    The largest hypermarket chains are quickly losing market
share in Poland to smaller discount retailers like Biedronka, a
unit of Portuguese firm Jeronimo Martins  JMT.LS , writes the
Rzeczpospolita daily. 
    
    ****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 

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