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30 Years of Polish Success.  History of the Warsaw Stock Exchange

30 Years of Polish Success. History of the Warsaw Stock Exchange

  • 30 years ago no one expected such a dynamic development. On the first day of the operation of the Warsaw Stock Exchange, only 112 transactions worth 2,000 zlotys were made. Countries.
  • Three decades later, the situation has changed dramatically. Warsaw became the second largest stock market for the first time in Europe by value
  • Poland has already overtaken Japan and is “the leading country in the gaming market” – says Joost Van Drionen, associate professor at New York University’s Stern School of Business.
  • More information can be found on the Onet.pl homepage

“Trading on the Warsaw Stock Exchange is developing more dynamically than ever before. In 2020, orders and sales on the WSE increased by 56.1 percent – the most traded place in Europe,” wrote Matthias Brugman in the weekend edition of The leading German newspaper for economic circles.

Difficult beginnings

The author states that 30 years ago no one expected such a dynamic development. On the first day of the operation of the Warsaw Stock Exchange, only 112 transactions worth 2,000 zlotys were made. Countries. There were five state-owned companies listed on the stock exchange. The sessions were held once a week.

Three decades later, the situation has changed dramatically. The number of transactions is constantly increasing. Warsaw became the second largest stock market for the first time in Europe by value: the entry of Allegro – Poland’s largest e-commerce platform – brought in more than 2.3 billion euros. Allegro is the most valuable Polish company listed on the stock exchange – the market value of more than 13 billion euros – we read “Handelsblatt”.

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Brueggmann notes that despite the successes, the Warsaw Stock Exchange is still not noticed enough by foreign investors.

WSE president, Marek Dittel, argues with a thesis that its exchange is a “forgotten market”. Allegro’s debut attracted California investors to Tokyo, he told Handelsblatt. The President of the WSE admitted that the world knows very little about the large investment potential of the Warsaw Stock Exchange.

Brueggmann states that Poland currently ranks fifth in the list of Germany’s largest trading partners and is ahead of powers such as Italy, Great Britain and Russia. Warsaw wants to become a regional technology startup hub.

Handelsblatt reports that the market value of 383 Polish companies and 51 foreign companies listed on the WSE is over 241 billion euros. In addition, there are 376 Polish companies and four foreign companies listed on the NewConnect market, with a value of € 4.6 billion. For comparison – the German DAX is worth € 1.5 trillion.

Poland is the leader in the gaming market

Brueggmann draws attention to a particular feature of the Warsaw Stock Exchange – an index of companies operating in the computer industry. The “WIG Games Index” is “a great strategy to attract global investment into Poland,” quotes German journalist John Lawrence, chief investment specialist at JA Lawrence Wealth Management.

Poland has already overtaken Japan and is “the leading country in the gaming market” – says Joost Van Drionen, associate professor at New York University’s Stern School of Business.

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Handelsblatt confirms that all major banks, insurance companies, airlines and commercial companies have moved their data centers and IT services to Poland. Volkswagen, Fiat, Bosch Siemens and LG have their own factories in Poland. In the midst of the pandemic, Microsoft and Google announced investments worth billions of euros. The unnamed Microsoft chief said Poland could become the “digital heart of Europe”.

Poland is not afraid of the epidemic

Markus Heinz, the World Bank representative in charge of Poland and the Baltic countries, said that Poland experienced a recession in 2020 for the first time in 30 years, but that the epidemic caused the least damage to the well-diversified Polish economy compared to other European countries. Countries.

Brueggmann notes that according to the Vienna Institute for Comparative Research on International Economics, Poland will reach its pre-crisis level of GDP this year. “The Germans will not succeed,” – notes the author.

Handelsblatt says that the Polish stock market has not yet overcome the shock caused by the epidemic. We still have to wait for new records in WSE, because the third wave of the epidemic has hit countries in Eastern Europe harder than in Western Europe.

Although Germany has twice the population of Poland, so far 60,612 people have died of Covid in Poland, 79,520 in Germany, 3.1 million people have contracted Covidem-19 in Germany, and 2.6 million in Poland.

It took 28 years for Poland to transition from “emerging market” status to a group of 25 advanced capital markets on the FTSE Russel and Stoxx indices in 2018. South Korea, along with companies such as Samsung, Hyundai, LG Electronics and Kia, needed 55 years. To do that.

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(Computer)