LONDON/ MILAN, Oct 3- Offshore natural gas could dramatically change Greece's fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters.
WARSAW, Oct 3- Poland's central bank kept its key interest rate unchanged at 4.75 percent on Wednesday, defying expectations that it would cut borrowing costs to help the ailing economy. Twenty-one out of 27 analysts polled by Reuters last week had expected the bank's 10- strong Monetary Policy Council to cut the key rate by 25 basis points to 4.50.
WARSAW, Oct 3- Poland's central bank will announce its monthly interest rate decision at 1140 GMT, the bank said in a statement on Wednesday.
Oct 03- The increase in the Polish government's expected deficit in its 2013 budget reflects a more realistic forecast of the economy, rather than any weakening in the Polish government's commitment to fiscal prudence, Fitch Ratings says. Slower growth remains the principal risk to successful financial consolidation.
WARSAW, Oct 3- Poland wants its new shale gas law to go into force next year, Piotr Wozniak, the deputy environment minister responsible for the draft law said on Wednesday, but added that it would be best if a shale gas tax waited until at least 2016..
China's official services PMI slowed to 53.7 percent in September from 56.3 in August, highlighting the economy's seventh straight quarter of slowdown, while Australia posted weak export data.
*Poland seen cutting rates as slowdown deepens. PRAGUE, Oct 3- The zloty led losses in central European currencies on Wednesday, while Polish bonds were a tad stronger ahead of a central bank decision, which is expected to make the third cut in interest rates in the region in a week. By 0909 GMT, the zloty.
WARSAW, Oct 3- Polish grid operator PSE Operator has granted a permit to connect Energa's proposed 600 megawatt combined cycle gas and steam fired unit in Grudziadz to Poland's power system, the transmission system operator said on Wednesday.
STOCKHOLM, Oct 3- Volvo AB expects low growth in bus demand in Europe and aims to move its bus production to Poland and shut its Swedish plant, the company said on Wednesday.
WARSAW, Oct 3- GDF Suez would demand compensation from Poland if the country brings in a new renewables law cutting support for green energy, Chief Executive of GDF's Polish unit Grzegorz Gorski was quoted saying on Wednesday.
BRATISLAVA, Oct 3- Here are news stories, press reports and events to watch which may affect Slovak financial markets on Wednesday. SLOVAKIA TO OFFER 13- YEAR BONDS ON OCT. 15- DEBT AGENCY. Slovakia will hold an auction of 13- year, 4.35 percent coupon, state bonds on Oct. 15, the finance ministry's Debt and Liquidity Management Agency said on Tuesday.
PRAGUE, Oct 3- Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday. PRAGUE- The Czech cabinet to hold a session. PRAGUE- First round of VAR/23.
Here are news stories, press reports and events to watch, which may affect Poland's financial markets on Wednesday. Poland's top utility PGE said it would carry on with its 11.6 billion zloty investment in new power units after a supreme court ruling unblocked the country's largest power contract to date.
LISBON, Oct 2- A 500 million euros cash call by Portugal's Millennium BCP, was fully subscribed by private investors, meaning the state will not become a shareholder, the bank's chief executive said.
MOSCOW, Oct 2- Europe should cut taxes levied on gas deliveries rather than ask Russia's gas export monopoly to cut its prices, Russian President Vladimir Putin said on Tuesday.
LONDON, Oct 2- The Republic of Poland priced its 3.375% EUR1.75bn 12- year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB on Tuesday. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bond has a spread of 143 bp over mid-swaps and a reoffer price of 99.195, confirmed lead banks.
WARSAW, Oct 2- Poland top utility PGE said on Tuesday it would continue its 11.6- billion zloty investment in new power units after a court ruling lifted an environmental ban on Poland's largest power contract to date.
MOSCOW, Oct 2- Inter RAO Lietuva, a Baltic electricity trader 51 percent owned by Russia's Inter RAO, plans to hold an initial public offering in Warsaw at the end of 2012 or the beginning of 2013, an Inter RAO official said.
LONDON, Oct 2- The Republic of Poland has set final terms on its EUR1.75bn 12 year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bonds will have a spread of 143 bp over mid-swaps once priced, which will occur shortly, a manager said.
PRAGUE, Oct 2- Czech and Slovak spot prices plunged on Tuesday ahead of a national holiday in Germany that sapped demand in the region while Hungary day ahead surged as the central European country remained short of supply, traders said.