Poland - Factors to Watch May 7

BNP Paribas Bank Polska SA

07/05/2026 06:55

WARSAW, May 7 (Reuters) - The following are significant news stories, press reports and events on Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):

POLISH PRIME MINISTER IN ROME

Polish Prime Minister Donald Tusk will visit Rome and the Vatican on Thursday. Tusk will meet with the Pope and Italian Prime Minister Giorgia Meloni.

The prime ministers will discuss security, further support for Ukraine, the competitiveness of the European economy, and the European Union enlargement process, the Polish government press office reported.

SAFE FOR POLAND

Poland will sign an agreement with the European Commission on Friday under the EU’s SAFE defence programme, enabling Warsaw to borrow up to 43.7 billion euros to finance arms purchases.

Companies belonging to Polish Armaments Group (PGZ) are expected to be the main beneficiaries of the new contracts, Rzeczpospolita daily reported.

INTEREST RATES

The National Bank of Poland kept its main interest rate at 3.75% on Wednesday, in line with analysts' expectations, due to uncertainty over the war in Iran and its impact on the economy.

Markets are now looking to Thursday's press conference with NBP Governor Adam Glapinski for clues on the policy outlook.

BNP PARIBAS POLSKA BNP1.WA

BNP Paribas Bank Polska BNP1.WA reported a first-quarter profit that exceeded market expectations on Thursday, despite nearly halving from a year ago due to lower interest rates and elevated regulatory costs.

BANK HANDLOWY BHW.WA

Bank Handlowy BHW.WA, the Polish arm of Citigroup C.N, on Thursday reported a first-quarter net profit of 385.6 million zlotys ($107.1 million), down 11% from a year ago, as it contended with lower interest rates and higher corporate income tax.

BUDIMEX BDXP.WA

Poland's biggest construction group Budimex BDXP.WA on Wednesday reported a more than 24% year-on-year fall in its first-quarter net profit, impacted by severe winter weather and the completion of major road projects.

TAURON TPE.WA

Polish state-controlled utility Tauron TPE.WA reported an over 13% drop in its preliminary first-quarter net profit on Wednesday, pressured by weaker results in its sales and trading segment.

****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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