Poland continues this year to take advantage of its position as the most successful central and eastern European economy to secure valuable funding in the equity and debt markets at home and abroad. However, Michal Dybula, an economist at BNP Paribas, cautions that despite the country’s recent capital markets success, elections to the presidency in 2010 and to parliament in 2011 could prompt a slowdown in privatization sales, leading to growing budget deficits that could lead to bond, currency and equity market weakness.
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