Poland - Factors to Watch May 10
10/05/2024 07:21
WARSAW, May 10 - The following are news stories, press
reports and events that may affect Poland's financial markets on
Friday. ALL TIMES GMT (Poland: GMT + 2 hours):
INTEREST RATES
Central Bank governor Adam Glapinski will speak at a news
briefing following the decision to keep interest rates on hold
at 1300.
Poland's central bank stuck to its wait-and-see approach on
interest rates on Thursday, leaving the cost of credit at
5.75%for the seventh month in row as it looks ahead to what
economists say will be rising inflation in the coming months.
SECURITY
According to experts, Poland is on the front line when it
comes to Russian hacker attacks - since January, their number
has increased by 60%, and within six months by 130%,
Rzeczpospolita daily reported.
A Polish judge with access to military secrets, who asked
for asylum in Belarus, looked set to face espionage charges on
Thursday, after a Polish court said it was lifting his immunity.
GOVERNMENT
The new government composition will be known on Friday,
after the Prime Minister will accept the resignation of four
ministers running for the European Parliament, Gazeta Wyborcza
daily reported.
LPP LPPP.WA
Polish fashion group LPP next year wants to accelerate the
opening of stores and open over 900 of them, Chief Executive
Officer Marek Piechocki was quoted as saying by Parkiet daily.
He added that he believed that e-commerce growth could reach 24%
in the first quarter.
CCC CCCP.WA
Polish footwear and fashion retailer CCC said on Thursday
its first-quarter earnings more than tripled as profitability
improved across all its business lines.
MBANK MBK.WA
Poland's fifth largest bank by assets mBank posted an 84%
rise in first-quarter net profit on Friday, mainly on rising
interest income, lower taxes, and declining provisions for
non-performing loans (NPL).
BANK MILLENNIUM MILP.WA
Poland's Bank Millennium reported a 49% fall in
first-quarter net profit on Friday, as costs related to its
forex mortgage portfolio remained high.
****Reuters has not verified stories reported by Polish
media and does not vouch for their accuracy.****
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(Reporting by Warsaw Bureau)
((warsaw.newsroom@reuters.com; tel. +48 22 6539700))