Poland - Factors to Watch May 28
Poland - Factors to Watch May 28 WARSAW, May 28 - The following are significant news stories, press reports and events on Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):
TIKTOK SHOP
On June 15, TikTok Shop will be launched in Poland, a new service that will enable shopping directly in the application, Rzeczpospolita daily reported.
ZABKA
Tomasz Blicharski, head of strategy for the Zabka chain of stores, said that the chain's target size in Poland is estimated at nearly 20,000 locations, and that Zabka currently has over 12,800 locations, Puls Biznesu daily reported.
TAXES
Annual increases in tobacco and alcohol tax rates in Poland may not end in 2027. The Ministry of Finance is considering extending the "excise roadmap," Dziennik Gazeta Prawna daily reported.
ORLEN
Poland's largest energy group Orlen PKN.WA reported a 22.8% rise in first-quarter core profit adjusted for the value of oil inventories and impairment charges on Thursday, exceeding analysts' expectations, as strong downstream performance and energy demand boosted earnings.
CD PROJEKT
Polish video game maker CD Projekt's CDR.WA first-quarter net profit is expected to rise 13% on the year due to a lower tax rate, a Reuters poll showed on Wednesday.
****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****
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(Reporting by Warsaw Bureau)
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