August 24, 2017 / 6:04 AM / a year ago

Poland - Factors to Watch Aug 24

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):


The statistic office to publish July unemployment rate at 0800 GMT.


The net profit of central and eastern Europe’s largest software maker, Asseco Poland fell by 32 percent year-on-year to 52.5 million zlotys ($14.47 million) in the second quarter, the company said late on Wednesday.


Cyfrowy Polsat, one of Poland’s largest media and telecoms group, reported a 22 percent rise in its second-quarter net profit on Thursday to 291 million zloty, broadly in line with analysts’ estimates.


Term deposits of Polish firms have decreased by 14 percent year on year in July, potentially signalling a start of a rebound in investment, Dziennik Gazeta Prawna reported, based on central bank data.


Two board members at state-run utility Enea may be replaced today as part of a power struggle between Energy Minister Krzysztof Tchorzewski backed by the head of the ruling party and his deputy Grzegorz Tobiszowski backed by the prime minister, Dziennik Gazeta Prawna reported.


A personal conflict between Economy Minister Mateusz Morawiecki and central bank Governor Adam Glapinski is making it harder for the ruling right-wing Law and Justice (PiS) party to approve a law on real-estate investment trusts (REITs), Parkiet daily 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 ($1 = 3.6288 zlotys) (Reporting by Warsaw Bureau)

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