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Poland - Factors to Watch March 8
March 8, 2017 / 7:15 AM / in 9 months

Poland - Factors to Watch March 8

Following are news stories, press reports and events to watch that may affect Poland’s financial markets on Wednesday. ALL TIMES GMT (Poland: GMT + 1 hour):


Poland’s central bank is expected to keep rates unchanged at its policy setting on Wednesday and is seen keeping them on hold until the first quarter of 2018.


Polish gas company PGNiG said on Wednesday its 2016 net profit rose by around 10 percent to 2.35 billion zlotys ($576.67 million), boosted by higher gas sales, and came in slightly higher than the group’s earlier estimates.


Poland’s biggest power group PGE reported a higher-than-estimated 37-percent rise in its fourth-quarter net profit, boosted by a one-off, the company said on Tuesday.


Poland should again consider introducing free allowance tax up to 8,000 zlotys, Dziennik Gazeta Prawna quoted minister Henryk Kowalczyk as saying.


Energy ministry plans to work out financing scheme and schedule for the construction of the country’s first nuclear power plant by the end of March, Rzeczpospolita daily said without quoting it’s source.


There’s no threat to the Polish Opel factory in Gliwice, PSA Chief Executive Officer Carlos Tavares was quoted as saying by Rzeczpospolita. Earlier some employees had expressed concerns regarding PSA potential plans to reduce headcount in Gliwice after the takeover of Opel.


Fiat may move production of its Panda model to the Polish factory in Tychy around 2019/2020, Rzeczpospolita said, quoting Fiat Chief Executive Officer Sergio Marchionne.

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

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