Poland - Factors to Watch May 4

Kitco Media
By Reuters
Published:
Updated:
Reuters
WARSAW, May 4 - The following are news stories, press reports and events that may affect Poland's financial markets on Thursday. ALL TIMES GMT (Poland: GMT + 2 hour):


COVID-19 FUND Poland's fund for dealing with the economic effects of the COVID-19 pandemic will be closed, Rzeczpospolita daily reported. From 2024, no new debts will be incurred for the fund, and the current debt, reaching PLN 150 billion, will gradually be taken over by the state treasury, the newspaper reported.


ARCELORMITTAL ArcelorMittal Poland intends to build two electric furnaces in Dabrowa Gornicza in southern Poland by 2028, and the cost of this investment may reach several billion zlotys, Puls Biznesu daily reported.


INFLATION EBRD chief economist Beata Javorcik told Puls Biznesu that disinflation forecasts are very optimistic compared to past inflation episodes - previously it was at a lower level and the process of getting rid of it took longer.


TELECOMMUNICATIONS SECTOR In 2022, the revenues of the four largest telecommunications groups in Poland increased by 3 billion zlotys ($726 million), Parkiet daily. However, this is the effect of acquisitions, and organic growth in the industry is much smaller, according to the newspaper.



****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****


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