Poland - Factors to Watch Nov 9

Cyfrowy Polsat SA

09/11/2023 07:10

WARSAW, Nov 9 - The following are news stories, press
reports and events that may affect Poland's financial markets on
Thursday. ALL TIMES GMT (Poland: GMT + 1 hour):

    INTEREST RATES
    Poland's central bank governor to hold a press conference at
1400.
    Poland's central bank left its main interest rate on hold at
5.75% on Wednesday, pausing its easing cycle in a surprise
decision on its first sitting after an alliance of pro-European
parties won a majority in Oct. 15 elections.
    
    GOVERNMENT
    The coalition agreement between the current opposition
parties is to be revealed on Friday; currently talks on the
division of ministries are ongoing with some of them being
already assigned, Dziennik Gazeta Prawna daily reported.
    An audit of public finances, maintaining social programs,
major changes in schools, but also the establishment of a
commission investigating abuses of power by Law and Justice
(PiS) - these are the joint decisions of the Civic Coalition,
Third Way and the Left, Gazeta Wyborcza daily reported.
    
    BANKS
    The list of demands from the banking industry to the
government is long - from changes in the calculation of bank tax
to a systemic solution to the Swiss franc mortgages problem,
head of the Polish bank association Tadeusz Bialek was quoted as
saying by Puls Biznesu daily. 

    SECURITY
    Germany is set to end the deployment of three Patriot air
defence units to Poland after almost a year, the defence
ministry in Berlin said on Wednesday, confirming earlier plans.
    
    MEDIA
    Almost 60% of Poles expect personnel changes in the public
media, Rzeczpospolita daily reported quoting an IBRiS poll.
    
    PKO BP  PKO.WA 
    Poland's biggest bank, PKO BP, on Thursday reported its
third-quarter net profit at a record level of 2.78 billion
zlotys ($670.01 million), above 2.47 billion zlotys expected by
analysts in company-compiled consensus.
    
    INPOST  INPST.AS 
    InPost's third quarter adjusted EBITDA grew by 40%
year-on-year to 639 million zlotys, the Polish parcel locker
company said on Thursday. 
    
    CCC  CCCP.WA 
    Polish fashion retailer CCC's preliminary EBITDA in the
third quarter grew to 213 million zlotys from 171 million a year
ago, while EBIT reached 60 million zlotys compared to 24 million
a year earlier. 
    
    CYFROWY POLSAT  CPS.WA 
    Polish telecoms and media group Cyfrowy Polsat had a net
profit of 120.8 million zlotys in the third quarter compared to
128 million zlotys seen in a Reuters poll. 
    
    VIDEO GAMES
    Silk Road Games, whose shareholder is a soccer player Robert
Lewandowski, wants to be listed on the Warsaw Stock Exchange;
the Polish sportsman is to support the company in marketing
activities in China, Parkiet daily reported.
    
    ****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 = 4.1492 zlotys)

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