Poland – Factors to Watch Nov 30

By Pokorny

installation interrupteur volet roulant lyon 6Following are news stories, press reviews and events to watch that may affect Poland’s financial markets on Monday. ALL TIMES GMT (Poland: GMT + 1 hour):

DATA

The stats office will publish its Nov flash CPI estimate and third-quarter preliminary GDP estimate at 0900 GMT.

The central bank will publish households’ CPI expectations for November at toll free GMT.

DEBT SUPPLY PLAN

The finance ministry is because of publish its monthly treasury debt supply plan at around 1400 GMT.

BUDGET DEFICIT

Poland’s newly sworn-in branchement interrupteur simple va et vient legrand celiane Lyon 8 government mentioned on Friday it will amend this particular year’s budget bill due to lower revenues, increasing the deficit by 3-4 billion zlotys ($745-993 million).

EURO ADOPTION

Any serious discussion on Poland’s adoption of the euro currency can be done only once the euro zone fixes its own problems, the deputy excellent minister in charge of developing Poland’s economic climate, Mateusz Morawiecki, said in an job interview.

NUCLEAR STRENGTH

Five companies are interested in building a nuclear power plant within Poland, Jacek Cichosz, who minds PGE EJ1, the company tasked with developing the project, said.

The five companies are Westinghouse, GE Hitachi, Electricite de France/Areva, KEPCO and SNC-Lavalin Nuclear Inc (CANDU), Cichosz was quoted as saying simply by state agency PAP late on Friday.

JSW

Coal miner JSW is usually mulling selling some of its coking coal and energy assets because it seeks much-needed capital, daily Parkiet reported on Saturday without naming any sources.

FINANCE MINISTER

Poland should cut its borrowing in foreign currencies to below the current one-third or so of state debt to shield by itself against exchange rate fluctuations, Finance Minister Pawel Szalamacha told day-to-day Gazeta Polska Codziennie.

In a job interview published on Saturday, Szalamacha also said there was still room to get a small interest rate cut by the main bank, perhaps early in 2016, as there are no signals that deflation is about to end.

Commenting on the suggestion that state-controlled lenders PKO BP and Pocztowy could be utilized to increase the ratio of Polish possession in the sector, Szalamacha said that both lenders “have a very large possibility of development. “

BANKING

The head of Poland’s national banking association, Krzysztof Pietraszkiewicz, told state agency PAP upon Sunday that raising the corporate tax (CIT) rate for lenders would be preferable to the new bank taxes prepared by the new government.

POWER DISTRIBUTORS

Poland’s power market regulator URE said that the Weighted Average Cost of Capital (WACC) for electricity distributors next year may stand at 5. 7 percent and not at 5. 3 percent as planned earlier, Parkiet on a daily basis said.

Initially URE wanted to cut the indicator from 7. two percent this year to 5. 3 percent in 2016 in a shift that would hit the power companies’ profits from distributing electricity.

****Reuters has not verified these types of stories and does not vouch for their accuracy. ****

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