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, 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.
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.
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.
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.
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.
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 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.
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.
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.
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.****
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