Poland - Factors to Watch Sept 4
Here are news stories, press reports and events to watch which may affect Poland's financial markets on Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):
RATES
Poland's weak economic outlook makes interest rate cuts very likely, the governor of the central bank said on Wednesday, and the first rate cut may come as early as October. The central bank decided on Wednesday to keep rates flat at 2.5 percent.
KOPACZ FOR PM
Poland's Parliament Speaker Ewa Kopacz has full support of the board of the ruling Civic Platform (PO) party to become new prime minister, but it is up to the president to decide whom to designate, PO board member Tomasz Lenz said on Wednesday.
NUCLEAR POWER PLANT
Energy firms Enea, Tauron, PGE and copper producer KGHM signed a deal to create Poland's first nuclear power plant worth 40-60 billion zlotys ($12.5-18.8 billion), Gazeta Wyborcza reported.
PKP CARGO
PKP Cargo, European Union's No.2 rail cargo operator by tonnage transported, may spend more than a billion zlotys to acquire its two rivals CTL Logistics and AWT, analysts quoted by Parkiet daily said.
VIENNA INSURANCE GROUP
Austria's largest insurance company Vienna Insurance Group plans to spend 30 million euros ($39 million) to establish an non-life insurance company in Lithuania, which may be its base also for Latvia and Estonia, a member of VIG's management board was quoted as saying by Puls Biznesu daily.
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