Photo: Office of the President of the Republic of Polish / Press Releases
Recalling the history of stock markets 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.
the president congratulated the current presidents of the Warsaw Stock exchange and investors.” our stock market is the fourth exchange in Europe, it 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. This is a very serious task before us “- he said.
” Let’s support the stock market, if possible, good regulations. You have to congratulate the Code of Good Practice, which was adopted by the exchange, who says about corporate governance, good management, of transparency, of transparency in the operation of listed companies, with reliable information to shareholders. In short – for everything that is a hallmark of the integrity of the capital market and makes this principle of operation are clear, “- said Duda.
the president also pointed out that the stock market is very important, among others, for those who work in the field of innovative solutions. As he spoke, development and innovation is always associated with uncertainty. “commercial banks often they do not want to support these businesses because of the risk. The stock market is a great opportunity for them, “- he stressed.
He expressed the hope that the next 25 years the Warsaw Stock Exchange will function at least with the same success, so far.
According to the head of the Warsaw Stock Exchange Malgorzata Zaleska the stock market should be a company supporting the Polish economy. “Past Stock Exchange is building the company’s public trust, the future is to continue the development of the WSE to build further confidence in the capital market in Poland, but it is also the time to WSE has become an example of the company supporting the Polish economy, the companies that will be enjoyed trust that will act in a transparent way, the company, which will support Polish enterprises, including those proposing innovative solutions “- said Zaleska.
As pointed out, the Warsaw Stock Exchange has a future of being a professional entity trading in financial instruments, actively managing the instruments to promote Polish economy.
Head of SME Dawid Jackiewicz, quoted in Tuesday’s statement the treasury department assured that “the Polish state will support the stock market.” “Exchange is not an ordinary company, which has only become profitable. This is a key» artery economic bloodstream «Polish. I am also sure that the Warsaw Stock Exchange, today the undisputed leader in our region, will strengthen the position of the stock exchange of choice for large investors and issuers who believe in the potential of Central and Eastern Europe “- said Treasury Minister.
present at the ceremony Wieslaw Rozłucki, who was the first president of the Warsaw Stock exchange (in 1991-2006), was asked by journalists about the role of stock exchanges in the Polish economy. “It is my great expectation, because only in our country, the stock market has become a real part of the economy. I’m talking about countries in economic transition, the region of Central and Eastern Europe. We have a strong position. I think that, especially in the new economic program of the stock market should find a prominent place . So far, there has not been replaced, but I think it is only a matter of time and the final editing program, Deputy Prime Minister (Matthew) Morawiecki “- he stressed.
estimated that since the beginning of the stock market struggled to maintain a high level of professionalism. “We wanted to build a stock exchange immediately at a high level, corresponding to all standards,” – he stressed. In his opinion, the presidents of the Warsaw Stock Exchange were always professionals who knew the finance and the capital market. “This good start, the emphasis on professionalism bears fruit to this day” – pointed out.
Speaking about the challenges prior to the Warsaw Stock Exchange Rozłucki admitted that companies need to improve their performance. “The construction of shareholder value should still be the main message of listed companies. They should improve its dividend policy to make it more predictable, (…) and above all to increase the growth of profits. If the companies meet this challenge, it is not worried about the presence of shareholders, including individuals in the stock market “- he explained.
he was seconded by Paul Cymcyk the Association of Brokers and Advisers. “25 years is a period that Exchange will used very well. The best evidence of the more than 900 companies listed on the stock market now. We should remember that 25 years ago we started with just five companies,” – he told reporters. In his opinion, “attracting the Warsaw Stock Exchange Polish companies outside is a challenge for the Stock Exchange”.
During the ceremony in the Hall WSE Trading was symbolic unveiling of the new bell on the stock exchange. “Attaching the bell symbolizes the place where the Stock Exchange. Its form is a graph of trading. As you can see, despite a slight drop, then he upwards,” – summed up Zaleska.
Warsaw Stock exchange is the largest exchange in the region of Central and Eastern Europe. Since November of 2010. Is a public company listed on the Warsaw Stock Exchange.
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