10:08 13 September 2025
Tens of Billions May Flow Into Warsaw Stock Exchange Through New Investment Accounts
The Polish government is preparing to launch Personal Investment Accounts (OKI), a program designed to encourage citizens to invest while offering relief from the so-called Belka tax on capital gains. The scheme is scheduled to begin in mid-2026. According to the Ministry of Finance, OKI could channel around PLN 74 billion into the Warsaw Stock Exchange (WSE) by 2040 – an average of PLN 5.3 billion annually.
“The proposed solution is expected to strengthen Poland’s capital market significantly, covering segments such as equities, corporate bonds, treasury securities, and investment funds,” Deputy Finance Minister Jurand Drop said.
Currently, capital inflows remain mixed. By August 2025, Polish equity funds recorded net outflows of PLN 800 million, while mixed funds reported net inflows of PLN 1.62 billion. Additional support for domestic capital growth comes from Employee Capital Plans (PPK), whose investment structure varies depending on the age of participants.
