Recalling during Tuesday’s ceremony history stock exchanges in Poland, the president said that “in 1991, Poland, the Poles began anew to learn the functioning of the capital market.”
– I remember those times. I was 19 years old. And on that exchange, among others, my colleagues competed. We were the ones who fascinated the stock exchange at the beginning. She, of course, then, compared with today’s stock market was corny easy. These companies for a long time, it was not much. Today it is on the main floor of more than 400 companies (…) Second develops great – said Duda.
He congratulated the current presidents of the Warsaw Stock Exchange and investors. “Our stock market is the fourth exchange in Europe, is an absolute leader in this part of Europe. It’s great, it’s great, how it works, so that we were leading the economy in this part of Europe and we were in a country that is leading. It is very serious task before us “- the president said.
– The president also pointed out that the stock market is very important, among others, for entities that operate in the field of innovative solutions. As he spoke, development and innovation is always associated with uncertainty. “Commercial banks are often reluctant to support such businesses because of the risk. The stock market is for them a great opportunity,” – he stressed.
He expressed the hope that the next 25 years the Warsaw Stock Exchange will operate at least with the same success, so far.
Chief economist at brokerage XTB Przemysław April no regrets that these plans so far have not been fulfilled. the expansion of territorial and try to buy or links to other hardwood floors act on the imagination, but the caller IAR Warsaw Stock exchange should have other tasks.
In his view, the capital market should help Poles saving and at the same time provide financing to businesses. The expert points out that both the government and the Stock Exchange authorities should encourage small investors to deposit money. This can be done by means of educational activities or tax credits. With such incentives may take longer, those who set aside for their retirement through accounts IKE and IKZE.
The Poles have a little more than 1 million 400 thousand investment accounts. Data from the Financial Supervision Commission show that at the end of last year, collected there over 112 billion 500 million dollars.
Exactly 25 years ago, the minister of privatization and the Minister of Finance representing the State Treasury signed the founding act of the Stock Exchange in Warsaw. The first session took place on 16 April 1991. Currently listed on the Warsaw Stock Exchange is close to 500 companies.
The economist Piotr Bujak says that the Stock Exchange over the 25 years has achieved a lot of success. The Warsaw Stock Exchange is the largest exchange in the region of Central and Eastern Europe, according to an expert, you can even say that dominated the region. The size of our stock market can be compared to the Austrian market. However, notes Bujak, compared with the major stock markets of Western Europe WSE is still small.
Piotr Bujak stresses that over the years increased the importance of the Warsaw Stock Exchange for the Polish economy. Over the years the WSE has been an increasingly important place to raise the Polish company’s capital and ability to raise financing on the Stock Exchange contributed to the development of many Polish companies, which had problems to get bank loans.
The economist says that the Warsaw Stock Exchange although it has great potential for development, is also confronted with limitations. In his opinion, the greatest strength of the Warsaw Stock Exchange is a dynamic Polish economy and the fact that the WSE also includes companies from abroad. A limitation of the development of stock markets are small financial resources Poles or limited investors.
Review PROGRAM PIT 2015
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