May 9, 2018 / 5:54 AM / 2 months ago

Poland - Factors to Watch May 9

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

GETBACK

Polish troubled debt-purchasing firm GetBack holds a press conference at 0830 GMT to present more details regarding the situation of more than 9,000 individual investors who bought its bonds worth 2 billion zlotys ($553.69 million), Rzeczpospolita daily said.

KGHM

One of the world’s biggest copper miners, KGHM, expects this year’s consolidated net profit to match or exceed last year’s result despite lower capacity, acting Chief Executive Officer Rafal Pawelczak said on Tuesday.

GTC Private equity fund Lone Star, a majority shareholder in Poland’s real-estate developer GTC demands that the Polish government pay it 135 million euros ($159.98 million) in damages for blocking the construction of Galeria Wilanow shopping mall, Parkiet daily said quoting unnamed sources.

COAL

Polish firms which use coal for power or heat production continue to face difficulties with keeping the mandatory coal stockpiles, Rzeczpospolita daily said, citing data from the energy markets regulator.

****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 = 3.6121 zlotys) ($1 = 0.8439 euros) (Reporting by Warsaw Bureau; Editing by Biju Dwarakanath)

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