Poland - Factors to Watch July 13

Primetech SA

13/07/2015 07:15

Following are news stories, press reports and events to watch 
that may affect Poland's financial markets on Monday. ALL TIMES 
GMT (Poland: GMT + 2 hours): 
     
    DATA 
    The statistics office will publish foreign trade data for 
the January-May period at 1200 GMT. 
     
    CHF MORTGAGES 
    Three of Poland's major banks would need to be 
re-capitalised if the party tipped to form the next government 
implements a proposal to make lenders pay for a relief scheme 
for struggling Swiss franc mortgage holders, the state financial 
regulator said.  ID:nL8N0ZO3RY  
     
    BOGDANKA LWBP.WA , ENEA  ENAE.WA  
    Potential takeover of the miner Bogdanka by the state-run 
power firm Enea has been one of many ideas considered in the 
treasury ministry, which oversees power and coal industries, 
Parkiet daily said on Saturday quoting unnamed sources. 
    Enea's spokesman quoted by the daily said that there have 
not been any decisions that would concern such an involvement.  
     
    ENERGA  ENGP.WA  
    Most likely it will be difficult for the power group Energa 
to repeat its 2014 financial results this year, Parkiet daily 
quoted the company's CEO Andrzej Tersa as saying.  
     
    PIS 
    The main opposition party PiS' candidate for the Prime 
Minister Beata Szydlo was quoted by Polska the Times as saying 
that it plans to create around 1.2 million jobs in ten years and 
spend one trillion zlotys on Poland's development.  
     
    GREECE 
    A prolonged Greek crisis is the worst scenario from the 
point of view of Poland, the Prime Minister's chief economic 
adviser Janusz Lewandowski was quoted as saying by Polska The 
Times.  
    Lewandowski also said that adopting euro is Poland's 
obligation when it is possible and sensible, but not at present. 
     
    EURO 
    The question when Poland should adopt euro is a question of 
Polish households purchasing power and the power of the economy, 
so that Poland does not end up as a subordinate economy, 
Dziennik Gazeta Prawna quoted adviser to Poland's incoming 
president as saying.  
      
    COAL 
    Two Australian companies Prairie Mining and Balamara 
Resources, as well as Poland's Kopex plan to build three new 
coal mines in Poland, despite the local industry's problems on 
the back of low coal prices and high production costs, Gazeta 
Wyborcza said.  
     
    RANKOMAT 
    PZU's Link 4, private equity fund Enterprise Investors and 
British insurance price comparison website Confused have been 
admitted to run a due diligence in Rankomat.pl, Poland's biggest 
insurance comparison site, Puls Biznesu said quoting its 
sources.  
     
    ****Reuters has not verified these stories 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  
 
 
Keywords: POLAND FACTORS/