Poland waits for calm, not rally — WSE ‘no threat’ to Ukraine

The Warsaw Stock Exchange took its Central and Eastern European IPO summit roadshow to Budapest this week, trying to drum up new business among issuers and investors against a market backdrop in which the market has been shut for the longest period since 2003 and the state’s privatisation programme has stalled. Further asset sales, including that of 10%-15% stake in PKO Bank Polski will depend on a reduction in volatility — and not necessarily a return to pre-summer valuations, undersecretary of state in the ministry of treasury, Krzysztof Walenczak, told EuroWeek.