February 27, 2017 / 6:56 AM / 9 months ago

Poland - Factors to Watch Feb 27

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


Warsaw bourse to release Q4 financial results.


Raiffeisen Bank Polska, the Polish unit of Austrian lender Raiffeisen Bank International (RBI), has written down the value of its local brand Polbank, which will weigh on the bank’s 2016 financial results, it said late on Friday.


The number of people employed on regular job contracts in Poland reached nearly 13 million people in the fourth quarter of last year and was the highest in at least 17 years, Dziennik Gazeta Prawna reported.


The government’s actions to curb tax evasion have increased fuel tax revenue and led to higher official fuel sales, driving the share prices of state-run refiners PKN Orlen and Lotos to multi-year highs, Dziennik Gazeta Prawna reported.


Polish mBank is unlikely to engage in large foreign acquisitions as long as there is regulatory uncertainty regarding its portfolio of Swiss franc mortgages, the bank’s Chief Executive Cezary Stypulkowski told Dziennik Gazeta Prawna.


Polish daily Gazeta Wyborcza points out that it is still largely unknown what will happen to the Polish car assembly plants belonging to General Motors after French Peugeot-Citroen takes over the firm.


Polish banks will pay a 14 percent - 16 percent higher tax on bank assets this year on the back of an increase in assets and the method of calculating the tax which calls for an additional payment this year, the business daily Parkiet reported.

****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 (Reporting by Warsaw Bureau; Editing by Biju Dwarakanath)

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