“30 years ago, the Polish stock market was reborn” after the end of the communist era, Duda told an audience of officials at the Warsaw bourse.
“We celebrate this anniversary with satisfaction and pride because the Warsaw Stock Exchange can be considered an icon of the free market which has been rebuilt in an independent Poland,” he added in marking the milestone.
The Warsaw Stock Exchange (WSE) opened for trading on April 16, 1991, in the former headquarters of Poland’s communist party.
During its first session, only five companies were traded and turnover was a mere USD 2,000.
Today, more than 800 companies are listed on the bourse, which is now based in a new building in the centre of the Polish capital and is the largest stock exchange in Central and Eastern Europe.
In 2017, global equity index provider FTSE Russell reclassified Poland as a developed market effective September 2018, an upgrade from emerging market status.
The WSE’s CEO Marek Dietl was quoted as saying at the time that the upgrade represented "an acknowledgement of the progress of the Polish economy” and of the country’s capital market.
(gs/pk)
Source: IAR, PAP, TVP Info