Poland - Factors to Watch Jan 14

Selena FM SA

14/01/2015 07:15

Following are news stories, press reports and events to watch 
that may affect Poland's financial markets on Wednesday. ALL 
TIMES GMT (Poland: GMT + 1 hour): 
     
    RATES 
Poland's Monetary Policy Council (MPC) will announce its rate 
decision during the day. Analysts expect that the key rate will 
stay unchanged at 2 percent, an all-time low.  ECONPL  
     
    DATA  
    The central bank is to release its December M3 money supply 
data at 1300 GMT.  ECONPL  
     
    GRIFFIN PKO.WA  ECH.WA  
    Luxembourg's Griffin Real Estate is in talks to buy lender 
PKO BP's  PKO.WA  real estate arm Qualia, as well as a 
controlling stake in another local rival, Echo Investment 
 ECH.WA  from Polish billionaire Michal Solowow, daily Puls 
Biznesu quoted unnamed sources as saying. 
     
    KGHM KGH.WA  
    Fundamentals, especially regarding supplies, should support 
copper prices  CMCU3  in the coming quarters, Polish copper 
miner KGHM's head of market risk department told daily Parkiet. 
     
    JSW JSW.WA  
    Unions at the coking cola producer will join protests 
initiated by ailing state-owned Kompania Weglowa, according to 
Gazeta Wyborcza daily. Polish government's restructuring plan 
assumes that 4 out of Kompania's 14 coal mines will be closed 
down. 
     
    MINES 
    Owner of construction materials producer Selena FM  SELP.WA  
Krzysztof Domarecki has expressed his interest in taking over 
some ailing coal mines from troubled Kompania Weglowa, Wyborcza 
said. Another interested enterpreneur is politician Janusz 
Palikot. 
         
    BANKS 
    Concentration level in the banking sector is close to 
optimal, regulator KNF's head told Dziennik Gazeta Prawna daily, 
upholding his earlier stance. Andrzej Jakubiak also said that 
credit unions sector restructuring will cost 2-3 billion zlotys. 
     
    FM BANK 
    Polish mid-tier lender Alior Bank  ALRR.WA  is a frontrunner 
in a sale process of the small FM Bank put up for sale by Abris 
Capital fund, according to Rzeczpospolita daily.     
     
    TAURON TPE.WA  
    Several funds are interested in buying wind farms owned by 
utility Tauron, according to Rzeczpospolita. The daily also 
quoted market estimates that the transaction may be worth at 
least 800 million zlotys ($220.14 million). 
     
    PETROL 
    Fuel prices at Polish petrol stations may soon fall below 
the psychological level of 4 zlotys per litre, according to 
analysts quoted by Rzeczpospolita daily. Poland, the European 
logistics hegemon, will benefit from low prices, that would fuel 
orders for road transport sector.         
         
    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 = 3.6341 zlotys) 
 
 
Keywords: POLAND FACTORS/