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Edition: U.S. Article Comments (0) Slideshow Video Save Email Print Reprints Most Popular Most Shared Factbox: Five facts about Poland's Komorowski 04 Jul 2010 Poles to pick president from rival conservative camps 01 Jul 2010 Gulf beaches quiet as spill spreads | Video 04 Jul 2010 Gulf beaches quiet as spill spreads | Video 04 Jul 2010 Special Report: Should BP nuke its leaking well? 02 Jul 2010 France to look at possible U.S. sub link to sinking 02 Jul 2010 Lenovo says Apple losing out in China - paper 04 Jul 2010 Pricing for double-dip 02 Jul 2010 Central bankers shoulder bigger burden 04 Jul 2010 RPT-GLOBAL MARKETS-Asia stocks inch up but outlook uncertain 04 Jul 2010 UPDATE 2-Two Australia PE deals signal buyout comeback 01 Jul 2010 RPT-Wall St Week Ahead: Bulls on the run in shortened week 04 Jul 2010 Messi captains Argentina for first time 22 Jun 2010 Gulf beaches quiet as spill spreads | Video 04 Jul 2010 BP launches search for new investors: report 04 Jul 2010 Reforms in focus after Komorowski wins Polish election Digg This Tweet This Share on LinkedIn Share on Facebook Factbox Five facts about Poland's Jaroslaw Kaczynski Sun, Jul 4 2010 Related News Poland's Kaczynski concedes defeat in election Sun, Jul 4 2010 Related Topics World » Related Video Polish pres. runoff vote underway Sun, Jul 4 2010 1 / 6 Poland's acting President Bronislaw Komorowski, speaker of the parliament and presidential candidate from Civic Platform Party (PO) waves to supporters at his election headquarters in Warsaw, July 4, 2010. Komorowski, candidate of Poland's ruling pro-business party, Civic Platform (PO), won Sunday's presidential election, exit polls showed. Credit: Reuters/Kacper Pempel By Gabriela Baczynska WARSAW | Mon Jul 5, 2010 3:18am EDT WARSAW (Reuters) - Moderate conservative Bronislaw Komorowski has narrowly won Poland's presidential election, raising pressure on the government of Prime Minister Donald Tusk to deliver on economic reforms. Komorowski won 52.6 percent of the vote in Sunday's poll, according to results based on 95 percent of the ballots, after a cliffhanger vote that saw his right-wing rival Jaroslaw Kaczynski perform much better than expected. Kaczynski, who heads the main right-wing opposition party and was vying to succeed his twin brother Lech whose death in a plane crash in April precipitated Sunday's vote, scored 47.4 percent. Markets welcomed Komorowski's victory and the Polish zloty strengthened slightly against the euro the dollar in early Monday trade. "The election result was not clear and this was weighing on the zloty. Now, that we see Komorowski won, the zloty has gained and returned to the usual correlation with global markets," said a Warsaw-based FX dealer. Because Komorowski is a member of Tusk's ruling Civic Platform (PO), the government no longer has to worry about the risk of presidential vetoes of its legislation and should be freer to pursue fiscal plans, including a rule to limit government spending. ANALYSTS CAUTIOUS But analysts said the unexpected tightness of the presidential race, the prospect of looming local elections and a parliamentary vote due in 2011 could lead Tusk to take a cautious approach. "(Komorowski's win is) market positive," Goldman Sachs said in its note to clients. "However, these reforms look increasingly unlikely to happen quickly as local and parliamentary elections are approaching." In Poland, the government sets policy, but the president can propose and veto laws, appoint key state officials and has a say in foreign and security issues. Lech Kaczynski had vetoed a number of Tusk's bills before his death. "You have all the power now. Show us what you can do," Poland's top-selling daily Fakt said on its front page, referring to Tusk's PO. Other newspapers urged the PO to deliver on promised reforms, with the Gazeta Wyborcza daily saying Tusk would lose next year's parliamentary election if he failed to do so. The European Union's largest ex-communist member was the only economy in the 27-nation bloc to avoid recession last year, but a sharp slowdown has hammered tax revenues and driven up the budget deficit to 7 percent of gross domestic product (GDP). Public debt, though low by west European standards, is creeping toward the 55 percent of GDP threshold which, if breached, would by law trigger painful spending cuts. On Sunday night Tusk vowed to push ahead with his plans to introduce an anchor on public spending. His finance minister, Jacek Rostowski, said a cautious 2011 budget was now crucial. "We want to spend money in a reasonable way and this will require the support of politicians and citizens. I will ask my political partners and the parliament to help impose some discipline in our public finances," Tusk told reporters. Despite overcoming the risk of a presidential veto, PO faces other hurdles in the way of reforms. It is locked in a coalition with the small Peasants' Party which is opposed to any attack on the pension privileges of farmers and other occupational groups. Komorowski, a gently-spoken father of five grown-up children, will be Poland's fourth democratically elected president since the fall of communism 1989. His election to a five-year term will be welcomed in other EU capitals and in Moscow because Komorowski backs Tusk's efforts to improve foreign ties that came under strain during Jaroslaw Kaczynski's short stint as prime minister in 2006-7. "Komorowski's win bodes well for Poland in Europe. His presidency will enable Poland to integrate with the European Union," said Kazimierz Kik of Kielce University. Conceding defeat on Sunday evening, Kaczynski told supporters his good result in the election boded well for local elections in the autumn and next year's parliamentary poll, which Poland will hold during its rotating European Union's presidency. "We have to win them and we will," he said. (Additional reporting by Marcin Goettig, editing by Jon Boyle) World Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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