Warsaw bourse expected to present new strategy in several months
July 7, 2014
The Polish government wants the new management of the Warsaw Stock Exchange (GPW) to present a new development strategy and an action plan for the coming 3-5 years and believes that the decision on whether or not to merge the Warsaw and Vienna bourses could be taken within several months, deputy Treasury Minister Wojciech Kowalczyk said on Friday.
"GPW with its new CEO Pawel Tamborski should review the strategy of development of the capital market and present ideas how to increase liquidity and make the stock market more attractive for issuers," Kowalczyk said. "We expect a work plan for the coming 3-5 years."
The Warsaw Stock Market "faces immense challenges," Kowalczyk said.
The indicative decision on whether or not to pursue the merger of the Warsaw and Vienna Stock Exchanges should be taken as soon as possible, the official added.