Foreign investors withdraw zl.3.8 billion from Poland in second quarter

Foreign investors continue to pull out of Poland, selling their shares in companies listed on Warsaw Stock Exchange (WSE) and in treasury bonds. Between the first of April and the end of June, investors withdrew zl. 3.8 billion from Poland, of which zl. 2.31 billion were in the form of treasury bonds. In the first quarter of this year, the foreign investment balance in the country amounted to zl.9.6 billion, according to the National Bank of Poland (NBP) data. According to Wieslaw Rozlucki, chairman of Securities Exchange (GPW), the performance of the exchange in recent few weeks shows that foreign investors are worried about the progressing public financial crisis. The recent economic slump in Poland is also due in part to the unstable situation of emerging markets. Analysts credit last week's WSE rally to domestic capital. (Rzeczpospolita, Aug. 25-26 , p.B1) M.T.