Poland - Factors to Watch March 15

Mabion SA

15/03/2021 07:26

WARSAW, March 15 - The following are news stories, press
reports and events that may affect Poland's financial markets on
Monday. ALL TIMES GMT (Poland: GMT + 1 hour):
    
    DATA
    Poland's statistics office to release CPI data at 0900. 
    
    CENTRAL BANK
    Poland's central bank governor Adam Glapinski reiterated in
an interview with Sieci weekly that it had not been
participating in work for banks to come to an agreement to offer
out of court settlements to people with Swiss franc mortgages,
and that the central bank would only support a solution that
deals with the entire problem.
    He also reiterated that the central bank was prepared to
intervene in currency markets if needed.
    
    SWISS-FRANC MORTGAGES
    The Polish Financial Supervision Authority (KNF) does not
intend to introduce regulations aimed at persuading banks to
launch universal settlement programs with people with
Swiss-franc mortgages, Rzeczpospolita daily reported.
    
    EU RECOVERY FUND
    Polish opposition parties are forming a front to set the
conditions under which they will support the EU Recovery Fund,
which is opposed by one of the parties in the ruling coalition,
Dziennik Gazeta Prawna daily reported.
    
    INFLATION
    Although inflation is accelerating, basic products in the
largest chains in Poland are on average slightly cheaper than in
the last month before the pandemic as a result of price
competition, Puls Biznesu daily reported.
    
    IPO
    The president of the IT company Billennium Bartosz Lopinski
told Puls Biznesu that the company is considering a potential
stock exchange debut, but is not convinced that it is a good
moment. The decision to go public could come in about two years,
he said.
    
    MEDINICE
    This year, the pharmaceutical company Medinice  ICEP.WA 
will begin clinical trials of two products for minimally
invasive treatments, as well as negotiations with global
concerns to sell a license or IP, Puls Biznesu reported.
    
    MINES
    Trade unions and the government still cannot agree on the
details of subsidies for mines and protection for miners,
Dziennik Gazeta Prawna daily reported. Negotiations are expected
to resume at the end of the week.
    
    LPP
    The president of LPP  LPPP.WA , Marek Piechocki, told Gazeta
Wyborcza daily that the company will probably end 2020 with a
loss, at a level similar to the first quarter 2020, when the
loss amounted to over 250 million zlotys.
    
    MABION
    Mabion  MABP.WA  board member Slawomir Jaros told Gazeta
Wyborcza daily that the company would be involved in obtaining
the active substance of the COVID-19 vaccine in the form of a
recombinant virus protein. Similar processes will be carried out
in the Czech Republic and Spain, where Novavax has its plants.
Mabion will therefore be one of the three producers in Europe,
the newspaper 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 

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