Poland - Factors to Watch on Nov 25

WARSAW, Nov 25 (Reuters) - Here are news stories, press
reports and events to watch which may affect Poland's financial
markets on Wednesday. ALL TIMES GMT (Poland GMT + 1 hour):

DATA

The central bank announces its monthly interest rate
decision. Analysts polled by Reuters expect the bank's key rate
to remain unchanged at 3.5 percent.

The statistics office releases unemployment and retail sales
data for October at 0900.

PEKAO CEO RESIGNS

Chief executive of one of Poland's largest banks, Pekao
BAPE.WA, resigned on Tuesday, the bank said in a statement.
Jan Krzysztof Bielecki's resignation would become effective in
early January, 2010, the statement said. [ID:nGEE5AN2TW]

UNEMPLOYMENT

Poland's unemployment should start falling in 2010 as this
is when the economy should start improving, Finance Minister
Jacek Rostowski said in an interview released on the ruling
party's web site.[ID:nGEE5AN1T8]

PKN

Fitch Ratings is unlikely to upgrade PKN Orlen's PKNA.WA
rating to BBB from the current BB+ unless Poland's top oil
refiner sells its underperforming Lithuanian unit Mazeikiu,
Fitch directors said on Tuesday. [ID:nGEE5AN1QA]

TPSA

Poland's top telecom operator TPSA TPSA plans to broaden
distribution and sell 200 million zlotys worth of insurances to
its clients in 2011, daily Parkiet quoted an unnamed source as
saying.

RUSSIA GAS DEAL

As soon as Thursday Poland and Russia may sign the new gas
agreement under which gas giant Gazprom (GAZP.MM: Quote, Profile, Research) would extend
its supplies for Poland, Deputy Prime Minister Waldemar Pawlak
told the public radio on Wednesday.

EUROBOND ISSUE

Poland is not determined to hold a eurobond issue this year,
and if conditions are not favorable, may postpone it until 2010,
Deputy Finance Minister Piotr Marczak was quoted as saying by
Dziennik Gazeta Prawna.

CIVIC PLATFORM UP IN POLLS

Poland's ruling Civic Platform party led by Prime Minister
Donald Tusk inched up in two surveys published on Wednesday
scoring 50 percent of support and beating nearly twice its main
opposition, the conservative, Law and Justice.

News editor of the day: Adrian Krajewski.

NOTE - For a diary of forthcoming events see [PL/DIARY] and
a calendar of east European economic indicators see
[CONV/DIARY].

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]
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