“Poland promoted to developed market status by FTSE Russell” – Emerging Europe – September 24, 2018

On September 24, 2018 Emerging Europe reported that “(g)lobal index provider FTSE Russell has reclassified Poland from emerging market to developed market status, effective from September 24. Poland is now classified as one of the 25 most advanced global economies, a list of countries which includes the US, UK, Germany, France, Japan and Australia. Furthermore, Poland is the first country in almost a decade, and the first in Central and Eastern European, to be upgraded to developed market status.

‘Poland’s promotion to developed market status within FTSE Russell’s global equity benchmarks is a significant achievement,’ said Reza Ghassemieh, chief research officer at FTSE Russell. ‘The Polish Ministry of Finance and the Warsaw Stock Exchange have long been committed to improving Poland’s capital markets infrastructure and strengthen its economy and today marks the culmination of their efforts to meet the rigorous criteria needed for this classification.’

The upgrade of Poland to developed market status represents an acknowledgement of the progress of the Polish economy and capital markets and is a major step in their development. Poland has all the features of a developed market, including secure trading and post-trade services, as well as advanced infrastructure. The Warsaw Stock Exchange (GPW) uses a state-of-the-art trading system and its listed companies meet the highest standards of corporate governance and disclosure requirements.”

You may read the article on the Emerging Europe internet site.