Warsaw Stock Exchange CEO Tomasz Bardziłowski told Bloomberg that he expects the Polish capital market to grow in the coming years and enter the ranks of a "developed economy".
Such an upgrade, expected by Bardziłowski in the next three to five years, would make it the first former communist country in Europe to earn that classification from the index provider MSCI.
Post-communist European nations are typically labelled frontier or emerging markets, hampered by smaller capital pools, weaker institutions, and limited foreign investment. Poland's breakthrough to “developed market” status would therefore mark a symbolic milestone for the entire Eastern flank of
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