Poland - Factors to Watch Oct 21

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21/10/2015 08:24

(Adds entries) 
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): 
     
    FOREIGN DEBT 
    Poland should cut borrowing in foreign currencies to below 
the current level of about one-third of the overall state debt, 
says Pawel Szalamacha, an MP and economic expert with the Law 
and Justice (PiS) party, set to win Oct.25 national elections.  
    Szalamacha adds in an interview with the right-wing Gazeta 
Polska daily that foreign debt should be diversified away from 
the euro to include more yen- and British pound-denominated 
debt.  
     
    ORANGE Q3 RESULTS  
    Poland's largest telecom operator Orange Polska  OPL.WA  is 
expected to report a 26-percent fall in its third-quarter net 
profit on Wednesday.  ID:nL6E7IS05W  
     
    MINING SECTOR 
    Beata Szydlo, the candidate for prime minister put forward 
by the front runner in Poland's Oct.25 national elections, wants 
to marry the mining and energy sectors, she tells the Gazeta 
Polska daily in an interview. 
     
    RATE-SETTER'S ADVICE FOR NEW GOVT 
    Andrzej Rzonca, a member of the Polish central bank's 
rate-setting panel, tells the Rzeczpospolita daily in an 
interview the country's new government should cut budget deficit 
and safeguard stability of the banking sector to prepare Poland 
for a third wave of global economic crisis.  
    Rzonca speaks against making banks take on the burden of a 
planned move to convert FX mortgages into Polish zlotys, urges 
further raises in retirement age as well as simplifying taxes to 
streamline investments.  
     
    BANKS' CAPITAL REQUIREMENTS 
    Poland's financial supervision authority KNF may inform 
banks of new  capital requirements this Friday or the next, the 
Rzeczpospolita daily writes. 
    Additional capital measures are to be imposed on Polish 
banks due to the risk of them handling the costs of Swiss franc 
mortgages conversion into Polish zlotys. 
     
    POLISH FIRM TO SYRIA? 
    Polish producer of agriculture machinery URSUS is in talks 
with Syrian representatives in Aleppo on potentially developing 
a tractor plant and developing sales there, the head of the 
company, Karol Zarajczyk, tells the Puls Biznesu newspaper. 
     
    MAKOSZOWY MINE 
    Poland's biggest power producer PGE  PGE.WA  may this week 
sign a preliminary agreement to buy the Makoszowy coal mine, the 
Parkiet daily reports.  
     
    CENTRAL BANK 
    Poland's Law and Justice party, which looks set to win an 
Oct. 25 election, wants the central bank to lend commercial 
banks an additional 350 billion zlotys ($93.71 billion) over six 
years to support economic growth, a lawmaker said on Tuesday. 
 ID:nL8N12K31T  
     
    ****Reuters has not verified newspaper stories and does not 
vouch for their accuracy.**** 
     
    For other related news, double click on: 
 Polish equities        PL-E      E.Europe equities      .CEE  
 Polish money           PL-M      Polish debt            PL-D   
 Eastern Europe         EEU       All emerging markets   EMRG  
 Hot stocks             HOT       Stock markets          STX  
 Market debt news       DBT       Forex news             FRX  
  
 For real-time index quotes, double click on: 
 Warsaw WIG20  .WIG20   Budapest BUX  .BUX   Prague PX  .PX  
 
 
Keywords: POLAND FACTORS/