May 11, 2017 / 6:07 AM / 3 months ago

Poland - Factors to Watch May 11

Following are news stories, press reports and events to watch that may affect Poland's financial markets on Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):

CYFROWY POLSAT

Cyfrowy Polsat, Poland's largest media group, reported a 59 percent jump in its first-quarter net profit to 279 million zloty ($72.02 million), beating analysts' estimates, aided by higher operating income and a one-off forex gain.

EURO ZONE ACCESSION

Accessing the euro zone would currently not be beneficial for the Polish economy, which is doing well outside of the common currency bloc, Polish Prime Minister Beata Szydlo told Rzeczpospolita newspaper.

HOMEOWNERS

The ruling party Law and Justice (PiS) plans to convert homeowners' lease of land into full ownership to allow people to save money at the cost of local governments and improve party's standing in public opinion polls, Gazeta Wyborcza daily said.

TRANSPORT

Polish Prime Minister Beata Szydlo who goes to China, wants to invite Chinese investors to co-finance PiS' flagship economic projects such as central airport and fast railways, Dziennik Gazeta Prawna daily said.

TAURON

Polish state-run power producer Tauron on Wednesday reported first-quarter net profit of 640 million zlotys, against 323 million zlotys a year earlier, thanks to a reversed impairment related to a heating plant project.

EDF

Poland's Energy Minister Krzysztof Tchorzewski expects France's EDF to conclude within days the sale of its local power and heating assets to Polish utilities, he said on Wednesday.

EUROCASH

Eurocash needs acquisitions to increase its scale and competitiveness against low-cost markets, but the company will be patient in its actions, chief executive and largest shareholder of Eurocash Louis Amaral said.

TAX ON STATE ENERGY FIRMS

The finance ministry has received no signals of any energy ministry plans to increase this year the nominal value of shares in state-run energy firms to extract more tax for the state budget, Puls Biznesu reported citing a finance ministry source.

GETBACK

Debt collection firm GetBack may debut on the Warsaw stock exchange before July, Parkiet daily reported citing its sources. The initial public offering may be worth a few hundred million zlotys, Parkiet said.

PGE

Poland's biggest power group PGE to release first quarter financial statement after market closes.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

For other related news, double click on: Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news For real-time index quotes, double click on: Warsaw WIG20 Budapest BUX Prague PX ($1 = 3.8737 zlotys) (Reporting by Warsaw Bureau)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below