Poland - Factors to Watch on Nov 4

WARSAW, Nov 4 (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):

PENSION TRANSFERS

Poland wants to reduce the amount of money it transfers to
private pension funds in favour of the state social insurance
body to help keep down government borrowing, local papers quoted
the finance minister as saying. [ID:nL443747]

BRE BANK

BRE Bank BREP.WA, the Polish unit of Germany's Commerzbank
(CBKG.DE: Quote, Profile, Research), reported 63 percent drop in net profit in the third
quarter, touch wider than expectations, because of rising
provisions for bad loans.

[ID:nL455618]

ROAD BONDS

Poland offers 0.8-1.5 billion zlotys worth of its road bonds
maturing in 2014 at a tender.

On Tuesday a finance ministry official said that Poland
wwould offer around 7.25 billion zlotys in road bonds in 2010,
probably in the second half of the year. [ID:nL3661299]

CO2 EMMISIONS

Poland will sell a chunk of its surplus carbon emmisions to
Spain for 50 million euro, and is in talks with Ireland and
Japan over possible sales, daily Gazeta Wyborcza reported
without naming its sources.

GAS TALKS

Warsaw could approve the new gas deal between Russia's giant
Gazprom (GAZP.MM: Quote, Profile, Research) and Poland's monopoly PGNiG PGNI.WA as early
as next Tuesday if its energy security committee OKs it before,
Deputy PM Waldemar Pawlak said late on Tuesday.

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

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