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Poland - Factors to Watch Oct 21

Published 2015-10-21, 02:09 a/m
© Reuters.  Poland - Factors to Watch Oct 21

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):

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.

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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.****

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