Poland - Factors to Watch July 30
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):
KGHM
Copper miner KGHM CEO Herbert Wirth told Forbes monthly that his company will be replacing miners in some most dangerous places with ultra-modern self-learning machines. During next 5 years 1000 workers will retire, he added.
Wirth also said that in 5 year time 40 percent of KGHM production will be extracted in Chile, Canada and United States, up from 25 percent now. Construction of Sierra Gorda mine in Chile was worth $4.2 billion, more than the planned 2.9 billion.
OT LOGISTICS
OT Logistics has bought almost 21 percent of Croatian sea port of Rijeka at a cost of 61 million zlotys ($16.23 million), the Polish company said in a statement.
BANKS
Commerzbank's Polish unit mBank reported on Thursday a 32-percent fall in second-quarter net profit year-on-year to 221 million zlotys, in line with analysts' forecasts.
Banco Santander's Polish unit BZ WBK said its second quarter net profit rose 7.5 percent to 542 million zlotys, above forecasts.
T-MOBILE POLSKA
The Deutsche Telekom's Polish arm eyes larger market share and does not exclude takeovers, its new local chief Adam Sawicki told dailies Rzeczpospolita and Parkiet.
POLLS
Poland's main opposition party, Law and Justice (PiS), leads the latest opinion poll by pollster GfK, closing in on a single majority with a 47.1 percent reading. Poland's ruling Civic Platform (PO) trails at second place with 30.3-percent backing.
****Reuters has not verified these stories and does not vouch for their accuracy.****
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