Poland - Factors to Watch Aug 18
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):
DATA
Poland's statistics office to publish industrial output, PPI and retail sales data for July at 1200 GMT.
TAURON
Poland's second biggest utility Tauron said on Wednesday it booked a net profit at 3.4 million zlotys ($891,000) in the first half of 2016, after earlier estimating it had made a net loss of 10 million zlotys in the period due to asset value impairment.
KGHM
Poland's KGHM on Wednesday reported a bigger than expected fall in net profit in the first half of 2016 to 296 million zlotys on the back of losses on its foreign assets driven by rising costs and falling copper prices.
ZALANDO
Zalando' new distribution centre in Gryfino in north-western Poland, built for 150 million euros, will start operations in the second half of next year, Puls Biznesu daily quoted Zalando's senior vice president as saying.
BOGDANKA
Polish coal miner Bogdanka, controlled by state-run utility Enea considers cuts in miners' salaries in 2017 at the earliest, in order to lower costs, Dziennik Gazeta Prawna daily said quoting unnamed sources.
JSW
Poland's troubled coking coal producer JSW reported on Thursday a net loss of 149 million zlotys in the first half of 2016 compared to 624 million zlotys last year on the back of a cost cutting programme.
MBANK
Poland's financial regulator KNF has asked the country's macroeconomic stability body KSF to give an opinion on whether to recognise Polish mBank as a "systemic ally important institution" and require it hold a capital buffer equal to 0.5 percent of its risk exposure, the bank said late on Wednesday.
MILLENNIUM
Poland's financial regulator KNF has asked the country's macroeconomic stability body KSF to give an opinion on whether to recognise Poland's Bank Millennium a "systemic ally important institution" and require it hold a capital buffer equal to 0.25 percent of its risk exposure, the bank said late on Wednesday.
****Reuters has not verified these stories and does not vouch for their accuracy.****
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