Poland - Factors to Watch March 2

Medapp SA

02/03/2021 07:13

WARSAW, March 2 - The following are news stories, press
reports and events that may affect Poland's financial markets on
Tuesday. ALL TIMES GMT (Poland: GMT + 1 hour):
    
    BONDS
    Poland's finance ministry will announce bond supply for its
Thursday switch tender at 1400 GMT.
    
    SWISS-FRANC MORTGAGES
    The Financial Supervision Authority (KNF) has an estimate of
the potential effects of changes in the legal environment
regarding foreign currency mortgage loans, KNF spokesman Jacek
Barszczewski told Rzeczpospolita.
    According to banks' estimates, settlements with foreign
currency mortgage loan holders may cost the sector 35 billion
zlotys ($9.28 billion), Parkiet daily reported. But if the franc
borrowers opted to go to court, the costs for the sector -
depending on the scenario - could range from 6 billion through
120 billion up to over 200 billion zlotys.
    
    COVID-19
    In five Polish regions, the rate of COVID-19 cases per
100,000 inhabitants is above the average and these are potential
candidates for tighter restrictions, Dziennik Gazeta Prawna
reported.
    
    RECOVERY PLAN
    The implementation of the European Union-funded recovery
plan could accelerate Poland's GDP growth by 1-1.5 percentage
points, provided that Poland also uses the loan part,
Rzeczpospolita daily reported. However, nothing is known about
the government's plans in this regard, the newspaper said.
    
    PENSIONS
    The government is to deal with reforms to pension funds,
which will be put before parliament quickly, Dziennik Gazeta
Prawna reprted. The reforms are due to come into force on June
1.
    
    VAT
    According to estimates by the CASE Foundation, despite the
pandemic, the VAT gap in 2020 may have dropped by 1-1.5
percentage points compared to 2019, to 8.7-8.2%, Dziennik Gazeta
Prawna reported.
    
    INVESTMENT
    Investment fund Dirlango will spend 50-100 million zlotys
this year on a technology company and small stakes in gaming
companies, Puls Biznesu daily reported.
    
    MEDAPP
    MedApp  MDAP.WA , a company from the medtech sector, plans
to move its shares to the main market of the Warsaw Stock
Exchange at the end of the first quarter, Puls Biznesu reported.
It wants to spend the funds obtained from the emission, among
other things, on certification in the USA.
    
    ****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 = 3.7715 zlotys)

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