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Exclusive opinion of Kamil Stolarski about the proposal to reform the Polish Pension System

Analyst of Haitong Bank commented on the potential impact of the Government’s new plan on the Warsaw Stock Exchange

According to Stolarski, one of the consequences of this new proposition might be a lower number of domestic funds, which may negatively affect liquidity on the Warsaw Stock Exchange. Thus the Polish market may become a little less attractive for foreign investors and valuation of listed companies may decrease. As a consequence, brokers’ results might be weaker and negatively affected. "There are still a lot of open questions and queries for the future, including lack of information about a new type of pension funds (PPKs)" – added Stolarski.

Articles are available online here and here (Only available in Polish)