FTSE upgrades Poland to developed market status

FTSE Russel upgraded Poland’s status to developed from the advanced emerging category, the company said in its annual review of indexes. This means that Polish bourse will be among the 25 most advanced world markets, a first CEE market to achieve it. “The FTSE Russell 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.  Poland’s upgrade to Developed Market status is a challenge, which we are ready to face,” said Marek Dietl, President of the GPW Management Board. The FTSE Developed Index is a market-capitalization weighted index representing the performance of large and mid-cap companies in developed markets. It is being decided based on the level of economic development, quality of the domestic capital market, its regulation and infrastructure.