Poland - Factors to Watch August 8

Modivo SA

08/08/2024 06:46

WARSAW, Aug 8 - The following are news stories, press
reports and events that may affect Poland's financial markets on
Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):
    
    BUDGET
    Poland's budget deficit significantly exceeds the European
Union's limits. Therefore, new tax revenues and spending cuts
are needed. Higher tax rates and new levies will bring in
several billion zlotys, while approximately 35 billion zlotys
will need to be found next year, Dziennik Gazeta Prawna daily
reported quoting experts.
    
    PEKAO  PEO.WA 
    Pekao, Poland's second-biggest lender, posted a 19% drop in
its second-quarter net profit to 1.42 billion zlotys on
Thursday, weighed down by higher operating and legal costs
related to foreign currency mortgage loans.
    
    CCC  CCCP.WA 
    Polish footwear and fashion retailer CCC said on Wednesday
its second-quarter core profit jumped 79% year on year, mainly
due to higher sales and lower costs.
        
    ****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))