1. Market Research
  2. > Financial Services
  3. > Insurance
  4. > Pension Market Trends
  5. > Poland Capital Market Report - 2013

Poland Capital Market Report - 2013

  • April 2014
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 31 pages

This report provides an overview of Poland's capital market, analyzing market trends through September 2013 and global and local outlook through 2014, including anticipated IPOs. The report also offers detailed information on market players including pension funds, mutual funds, foreign investors, and major blue-chips.



Poland's capital market is the largest and the most developed in the region of Central and Eastern Europe (CEE). Its share in equities trading in CEE reached a record high of 65% in June 2013, while its share in market capitalization reached 47%, exceeding the combined market capitalization of the stock exchanges in Vienna, Prague, Budapest, and Ljubljana. Thanks to the government's long-term efforts and consistent policy, the Warsaw Stock Exchange (WSE) has turned into a destination of choice for initial public offerings (IPOs) for companies from the CEE region and the former Soviet countries.



Poland's capital market provides companies with access to a large number of institutional investors, both foreign and domestic. Moreover, the country has a wide base of well-educated individual investors. The Polish capital market has become a hub for big institutional investors outside the region targeting equity investments in CEE. Among the reasons for Poland's attractiveness to investors is the government's privatization policy, under which it sells stakes of big and profitable state-owned companies through the bourse, providing liquidity and drawing the attention of large institutional investors. Most of the companies with the highest market capitalization on the WSE are partly state-owned. On the other hand, Poland's economy has shown resilience during the global financial crisis and also during the Eurozone debt crisis, as the country was among the few European countries that have not fallen into recession.



Key Points:



oAlthough still avoiding recession, Poland's economy deteriorated sharply in 2012, hit by the escalation of the Eurozone crisis.



oThe slowdown deepened at the beginning of 2013 and Poland's GDP growth slowed to a record low of 0.5% in Q1, before improving to 0.8% in Q2. A further gradual improvement is expected in the coming quarters.



oPolish stock prices followed the global trends on equities markets, with a sharp drop in 2009, followed by a recovery in 2011. However, while developed markets recorded a strong recovery in 2012 and 2013, Poland, like other emerging markets, has lagged behind.



oThe Polish government's pension reform has also contributed to increased uncertainty, as it targets to reduce significantly the role of private pension funds, which are one of the main drivers of domestic capital markets.



oDespite those negative trends, which made investors more cautious and reduced IPO activity, the Polish financial market still remains the most liquid and most attractive in the CEE region.

Table Of Contents

Poland Capital Market Report - 2013
Executive Summary

1. Market overview

1.1 Poland's economy at a glance

1.1.1 Gross domestic product

1.1.2 Inflation

1.1.3 Fiscal balance

1.1.4 Central bank monetary policy



1.2 Overview of the Warsaw Stock Exchange

1.2.1 Main List (Main Market)

1.2.2 Alternative market - NewConnect

1.2.3 Bond market - Catalyst

1.2.4 Treasury BondSpot Poland



1.3 WSE launches new trading platform



1.4 WSE indices

1.4.1 New blue chip index - WIG30

1.4.2 WIG20

1.4.3 Mid-cap mWIG40 index

1.4.4 Small-cap sWIG80 index

1.4.5 WIG index

1.4.6 New connect indices



1.5 Privatizations - key for the stock market's development



1.6 Leading European IPO market

1.6.1 IPOs in 2012

1.6.2 IPOs in 2013



1.7 Regional significance of the WSE



1.8 Domestic significance of the equities market



1.9 Cooperation with Vienna Stock Exchange



2. Market trends and outlook

2.1 Economic development



2.2 Market outlook

2.2.1 Global trends - emerging market outlook

2.2.2 Domestic developments

2.2.3 IPOs



2.3 Expected New Listings

2.3.1 Energa

2.3.2 PKP Cargo

2.3.3 TK Telekom

2.3.4 Weglokoks

2.3.5 BNP Paribas Bank Polska

2.3.6 Manta

2.3.7 Polski Holding Obronny (PHO)

2.3.8 Oceanic

2.3.9 PGNiG Technologie

2.3.10 Exalo Drilling

2.3.11 Polkomtel

2.3.12 Meridian Properties

2.3.13 Foreign listings



3. Market Players

3.1 Overview

3.2 Pension funds

3.3 Mutual funds

3.4 Foreign investors

3.5 Major blue chips

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Retirement & Pension Plans in the US - Industry Market Research Report

Retirement & Pension Plans in the US - Industry Market Research Report

  • $ 1020
  • Industry report
  • September 2016
  • by Ibisworld

Unsteady savings: Rising interest rates will buoy revenue, but unemployment will limit contributions Retirement & Pension Plans in the US Revenue for the Retirement and Pension Plans industry is composed ...

Portfolio Management in the US - Industry Market Research Report

Portfolio Management in the US - Industry Market Research Report

  • $ 1020
  • Industry report
  • August 2016
  • by Ibisworld

Diversified portfolio: Improving market conditions will moderately push industry revenue upward Portfolio Management in the US The unprecedented severity of the financial crisis and subsequent recession ...

Superannuation Funds in Australia - Industry Market Research Report

Superannuation Funds in Australia - Industry Market Research Report

  • $ 965
  • Industry report
  • August 2016
  • by Ibisworld

Pooling funds: Smaller industry players have been merging to benefit from economies of scale Superannuation Funds in Australia The Superannuation Funds industry provides retirement benefits to members ...


Download Unlimited Documents from Trusted Public Sources

Pension Industry in Barbados - Forecast

  • December 2016
    5 pages
  • Pension  

    State Pension  

  • Barbados  

    OECD  

    North America  

View report >

Occupational Pension Industry in the UK

  • December 2016
    16 pages
  • Occupational Pe...  

  • United Kingdom  

View report >

Pension Industry in Greece

  • November 2016
    9 pages
  • Pension  

  • Greece  

    Europe  

View report >

ref:plp2014

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.