April 30, 2018 / 5:52 AM / 25 days ago

Poland -Factors to Watch April 30

April 30 (Reuters) - Following are news stories, press reports and events to watch that may affect Poland’s financial markets on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):


Poland’s finance ministry plans to offer treasury bonds worth 3.0 billion zlotys ($859.60 million)to 6.0 billion zlotys at one regular bond auction in May, the ministry said on Friday.


The newest public opinion poll conducted by Kantar Millward Brown and released by TVN24 private broadcaster on Friday gives 33 percent of support for the ruling party Law and Justice (PiS) and 25 percent to its arch-rival liberal Civic Platform (PO).

The poll also showed the so-called anti-PiS parties could get combined 44 percent in election, while PiS and its likely ally, anti-establishment party Kukiz’15 could have 38 percent together.


Parents of disabled children are protesting for the twelfth day in a row in parliament, Gazeta Wyborcza daily said. Protesters demand an allowance of 500 zloty ($144.12) per disabled person a month, exactly the same amount the government introduced for all children, starting from the second one in a family.


The recent fall in Idea Bank share price was not justified fundamentally, company’s supervisory board head and one of the richest Poles Leszek Czarnecki told Rzeczpospolita daily. Idea Bank market value fell this year 58 percent.

Czarnecki also said he does not plan to sell Idea Bank shares.


Polish clothing retailer CCC said its net loss in the first quarter of 2018 rose to 146 million zlotys ($42.09 million) due to reduced revenue and higher costs, from a loss of 41 million zlotys a year ago.


Polish oil refiner PKN Orlen is expecting an improvement in its 2018 figures as it works to complete investments in petrochemicals and reduce labour costs, CEO Daniel Obajtek told Gazeta Polska Codziennie in an interview published on Saturday.


A Warsaw court banned the strike planned by trade unions at Polish airlines PLL LOT on May 1, Gazeta Wyborcza daily said on Saturday.

Unions confirmed they will go on strike anyway, Puls Biznesu daily said on Monday.


Debt collecting company Kruk is ready to take over some of its ailing competitor Getback’s debt portfolio, Kruk’s management board member Michal Zasepa was quoted as saying by Puls Biznesu.


Southco, US provider of locks, hinges and bolts, plans to build a factory in southern city of Rzeszow, Puls Biznesu said.

****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 = 3.4693 zlotys) (Reporting by Warsaw Bureau)

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