Poland - Factors to Watch October 20

PGE Polska Grupa Energetyczna SA

Yesterday 07:22

WARSAW, Oct 20 - The following are significant news stories, press reports and events on Tuesday. ALL TIMES GMT (Poland: GMT + 2 hours):

DATA
On Tuesday, the Polish statistical office will release data on industrial production for September; according to analysts surveyed by Reuters, output grew by 3.1% year-on-year, following a 4.3% increase in August.
The market will also receive data on wage growth, which, according to economists, accelerated to 6.1% year-on-year in September, up from 5.6% the previous month.

ESPIONAGE
Polish military police said on Monday they had detained a Polish-Ukrainian dual national suspected of spying who was attending an officer training course for reservists in the central city of Lodz.

PGE PGE.WA
Poland's biggest power producer PGE PGE.WA plans to resume dividend payments under an updated strategy, which also cuts its 2025-2035 investment target to about 210 billion zlotys ($54 billion) from a previously planned 235 billion zlotys.

CREOTECH
Polish satellite maker Creotech Instruments CRI1.WA plans to raise its production capacity by up to tenfold by 2029, CEO Grzegorz Brona said on Friday, while warning Europe would remain reliant on US rockets to put its satellites into orbit for years.

AIRPORT HUB
It is realistic to finish construction work on airport hub Port Polska as planned, by 2032, but it is unclear how long it will take to certify it and start operating, Port POlska management board member Piotr Rachwalski told Rzeczpospolita daily.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

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