Poland - Factors to Watch March 27
27/03/2025 06:51
WARSAW, March 27 - The following are significant news stories, press reports and events on Thursday. ALL TIMES GMT (Poland: GMT + 1 hour): PRIME MINISTER TUSK IN PARIS Prime Minister Donald Tusk will take part in a meeting in Paris on peace and security in Ukraine. The main topic of the meeting will be broadly understood assistance for Ukraine, including political, financial and military support. The talks will also cover long-term actions for peace and stability in the region, and one of the solutions under discussion will be the possibility of deploying international forces in Ukraine as part of a stabilization mission, the government's press office said. MILITARY CONTRACT On Thursday, the Minister of Defence will sign a contract for the delivery of the first Borsuk combat vehicles. According to information from Polish Radio, the value of the entire contract is to be around 5 billion zlotys ($1.29 billion). SECURITY MODERNIZATION FUND State-owned companies will be able to pay up to 0.3% of their profits into the Public Security and Civil Protection Modernization Fund, which is to be used to finance, for example, the construction of shelters, Puls Biznesu daily reported. PZU Poland's leading insurer PZU PZU.WA reported on Thursday a full-year net profit that exceeded analysts' expectations. Profit fell around 7.5% to 5.34 billion zlotys ($1.37 billion) year-on-year, exceeding the 4.93 billion zlotys forecast by analysts in a company-compiled consensus. KGHM Poland's biggest copper miner KGHM Polska Miedz KGH.WA posted on Wednesday a net profit of 1.56 billion zlotys ($402.11 million) for the fourth quarter compared to loss of 4.53 billion zlotys a year ago. PRICES RISE Analysts estimate that prices in stores could increase by 6-7% year-on-year before Easter. That's more than in February, when they rose by 5.8%, and in January they increased by 5.9%, 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 ($1 = 3.8831 zlotys) (Reporting by Warsaw Bureau) ((warsaw.newsroom@reuters.com; tel. +48 22 6539700))