Poland - Factors to Watch Feb 7

Primetech SA

07/02/2017 07:03

Following are news stories, press reports and events to watch 
that may affect Poland's financial markets on Tuesday. ALL TIMES 
GMT (Poland: GMT + 1 hour): 
     
    MERKEL VISITS WARSAW 
    German Chancellor Angela Merkel visits Warsaw on Tuesday 
amid signs its conservative rulers are keen to repair the 
co-operation essential for European Union (EU) attempts to 
handle economic and political problems ahead. 
    A joint press conference of Merkel and Polish Prime Minister 
Beata Szydlo is planned to start at about 1400 GMT. 
     
    C.BANK PROFIT 
    Puls Biznesu daily reported citing unnamed sources that the 
central bank's profit for 2016 reached about 9 billion zlotys  
($2.24 billion). According to the law, the bank transfers 95 
percent of its profit to the state budget.  
    Such transfer would lower borrowing needs in 2017, but would 
be neutral for the general government deficit. 
     
    FX RESERVES 
    The central bank is due to publish January foreign exchange 
reserves data at 1300 GMT.  ECONPL  
     
    INTERNATIONAL AUTOMOTIVE COMPONENTS 
    Puls Biznesu reported citing unnamed sources that auto parts 
producer International Automotive Components is to announce on 
Tuesday a plan to build a manufacturing plant in southern 
Poland. The plant would employ about 500 people. 
     
    KOPEX  KPX.WA  
    Mining equipment producer Kopex has put up for sale a 
project to build a coal mine near the village of Przeciszow in 
southern Poland, Puls Biznesu reported, adding that it was 
unable to name a company that would be interesting in buying the 
project. 
     
    LOCAL GOVERNMENTS' SURPLUS 
    Polish local governments have posted a record high combined 
surplus of 7.7 billion zlotys ($1.92 billion)in 2016, mainly as 
a result of lower investments, Rzeczpospolita daily reported 
citing unnamed sources. 
     
    ****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 = 4.0107 zlotys) 
 
 (Reporting by Warsaw Bureau) 
 ((warsaw.newsroom@reuters.com; tel. +48 22 6539700)) 
 
Keywords: POLAND FACTORS/