FTSE Russell upgrades Poland from emerging to developed market
PR dla Zagranicy
Global equity index provider FTSE Russell has reclassified Poland as a developed market starting in September next year, an upgrade from emerging market status.
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The decision means Poland “has joined the 25 most developed economies of the world,” including Germany, France, Japan, Australia and the United States, the Warsaw Stock Exchange said in a press release on Saturday.
It added that Poland is the first Central and Eastern European economy to have been upgraded by FTSE Russell to developed market status.
The upgrade “represents an acknowledgement of the progress of the Polish economy” and of the country’s capital market, the WSE’s CEO Marek Dietl was quoted as saying.
FTSE Russell indices are an important benchmark for leading global investment funds, according to the WSE. (gs/pk)
Source: PAP, Warsaw Stock Exchange (www.gpw.pl)