Poland - Factors to Watch Jan 4
Following are news stories, press reports and events to watch that may affect Poland's financial markets on Monday. ALL TIMES GMT (Poland: GMT + 1 hour):
MANUFACTURING PMI
Markit will publish Poland's manufacturing PMI at 0800 GMT. Analysts polled by Reuters expect the index to rise compared to November to 52.4.
CPI
The statistics office will publish its December flash CPI estimate at 1300 GMT.
EUROPEAN COMMISION
German Commissioner Guenther Oettinger will urge the European Union to start a process against Poland for threatening its common values with a proposed law on control of state-run media, he told a newspaper on Sunday.
REFUGEES
Poland's new conservative government will stick to its predecessor's commitment to take in about 7,000 migrants despite the objections it raised when it was in opposition, Foreign Minister Witold Waszczykowski said.
BREXIT
Poland could be open to compromise over British demands to limit the rights of European Union migrants if London helps it bolster the NATO presence in central Europe, Foreign Minister Witold Waszczykowski told Reuters.
DIVIDENDS
Poland should consider excluding dividends paid by energy companies from the state's budget starting from 2017, energy minister Krzysztof Tchorzewski told Dziennik Gazeta Prawna in an interview.
He added that energy companies could play a key role in rescuing the troubled coal miner Kompania Weglowa.
VAT
Poland should not cut the level of VAT from 23 to 22 percent, as it would hurt the state budget, Witold Modzelewski, co-author of the current government's levy policy, told daily Puls Biznesu.
BANKS
Polish central bank's rate-setter, Andrzej Kazmierczak, told daily Nasz Dziennik that he did not expect local lenders to cut lending due to the country's new tax on bank assets. Managers at Polish banks told daily Parkiet, however, that they expect lower lending and higher costs for clients.
Janusz Szewczak, the ruling Law and Justice's (PiS) representative to the parliamentary finance committee, told weekly W Sieci that Poland should have a plan of retrieve national wealth, for instance by creating a National Financial Group.
****Reuters has not verified these stories and does not vouch for their accuracy.****
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