Poland - Factors to Watch October 16

WARSAW, Oct 16 - The following are significant news stories, press reports and events on Friday. ALL TIMES GMT (Poland: GMT + 2 hours):

CRUDE OIL FROM SAUDI ARABIA

Saudi Arabia is offering European customers more crude oil for the remainder of October and November, and Poland's Orlen PKN.WA is expected to get at least four October-loading Saudi cargoes, shipping data showed and sources said, adding to signs of a recovery in supplies.

BANKS

The Polish Bank Association, which represents most of the country’s lenders, is in talks with public institutions to share the risk of financing defence projects, its vice president Agnieszka Wachnicka said on Thursday.

FUEL PRICE CAP

Energy Minister Milosz Motyka said that he does not rule out the possibility of extending the fuel price cap program into next year, noting that such a decision would depend on the situation in the fuel market, television TVN24 reported.

JSW JSW.WA

Boguslaw Oleksy, CEO of JSW JSW.WA, said the loss-making company expects a gradual improvement in its financial results, but the scale and pace of this improvement would depend on independent factors, such as raw material prices and exchange rates, Rzeczpospolita daily reported.

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

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 .PX