12/10/2007

Poland - Factors to Watch on Dec 5

 WARSAW, Dec 5 (Reuters) - Here are news stories, press
reports and events to watch which may affect Poland's financial
markets on Wednesday. ALL TIMES GMT (Poland: GMT + 1 hour):

 POLAND NEEDS 2 0R 3 MORE HIKES
 Polish monetary policy council (MPC) should raise the key
interest rate two or three more times by 25 basis points by the
middle of 2008 in order to fight rising inflation, MPC member
Marian Noga said on Wednesday. [ID:L0576602]

 POLISH TYCOON CAN RETURN
 Polish prosecutors dropped the arrest warrant against one of
Poland's richest men, Ryszard Krauze, Puls Biznesu daily
reported. Krauze, who controls several Warsaw-listed companies,
was charged with obstructing a corruption investigation. He
denied the charges, which were revealed to the media in the
middle of parliamentary election campaign.
 GE MONEY TO SPEND $50 MLN A YEAR
 GE Money, financial arm of General Electric (GE.N: Quote, Profile, Research), which
bought 66 percent of BPH bank BPHW.WA, will spend $50 million
a year to improve the market position of the acquired bank.

 PKN SUPERVISORY BOARD MEETS
 Polish treasury ministry called a meeting of PKN Orlen's
PKNA.WA supervisory board for December 10 in order to review
the company's management board's recent decisions, Gazeta Prawna
daily reports. Treasury Minister Aleksander Grad recently
signalled PKN could use a new chief executive.

 News editor of the day:  Karolina Slowikowska;
karolina.slowikowska@reuters.com; +48 22 653 9725; Reuters
Messaging: karolina.slowikowska.reuters.com@reuters.net

 NOTE - For a diary of forthcoming events see [PL/DIARY] and
a calendar of east European economic indicators see
[CONV/DIARY].

For other related news, double click on:
Polish equities [PL-E] E.Europe equities [.CEE]
Polish money [PL-M] Polish debt [PL-D]
Eastern Europe [EEU] All emerging markets [EMRG]
Hot stocks [HOT] Stock markets [STX]
Market debt news [DBT] Forex news [FRX]

For real-time index quotes, double click on:
Warsaw WIG20 .WIG20 Budapest BUX .BUX Prague PX
Source: reuters.com



Flights to Poland

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