Poland - Factors to Watch Nov 18
WARSAW, Nov 18 -The following are news stories, press reports and events that appeared in the Polish media on Monday. ALL TIMES GMT (Poland: GMT + 1 hour):
DATA
Poland's central bank to publish its core inflation data at 1300.
INTEREST RATES
Polish rate-setter Ludwik Kotecki told Puls Biznesu daily that a weaker pace of economic growth means lower inflationary pressure, increasing the probability of interest rate cuts in 2025, which could be discussed in March at the earliest.
AUTOMOTIVE
Falling production and rising costs in European car factories are hurting export-dependent automotive plants in Poland, with employment in these factories falling to 197,000 in September 2024 from 204,000 in December 2023, Rzeczpospolita daily reported.
STEEL
State-owned coal and steel group Weglokoks is preparing to take over the assets of Huta Częstochowa and develop its operations, including in defense, Puls Biznesu daily reported.
POULTRY
Chinese inspectors will end their audit of Polish poultry production on November 19 and if the results are positive, Polish poultry will return to the Chinese market, Dziennik Gazeta Prawna daily reported.
GRUPA AZOTY
According to analysts, the remedial actions taken by state-owned chemical maker Grupa Azoty ATTP.WA so far are correct, but not enough to regain competitiveness, with the market waiting for decisions on divestment, an agreement with banks and perhaps a share issue, Parkiet daily reported.
IDEA BANK UKRAINA
Getin Holding GTN.WA expects the sale of Idea Bank Ukraina to be completed in the first quarter of 2025, Puls Biznesu daily reported.
****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****
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Reporting by Warsaw Bureau
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