Hard on the heels of two blockbuster tech IPOs, Warsaw’s stock exchange is planning a new drive to bring Polish companies up to speed on sustainability.
The bourse has already undergone a remarkable transformation. Five years ago, when the Polish government announced plans to hollow out the pension funds that provided the majority of demand for local equities, many wrote the market off as moribund.
The interest of foreign investors, sparked by a series of bumper privatizations in the early 2010s, was already waning, thanks to the lacklustre performance of the banks and energy stocks that made up the majority of the WIG Index.
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