While the country heads off on holiday the action hots up on Warsaw bourse

In total during the holiday period at least seven companies are expected to enter the stock exchange in Warsaw. "WIG [the main index] started the month with the record high level and new entrants should further strengthen this situation," said Ryszard Czerniawski, deputy president of the Warsaw Stock Exchange (GPW). So far this year 19 firms have already debuted on the bourse, which gives a chance of beating last year's result of 36 new entrants. "We expect the number of IPOs to stand at about 30," said Czerniawski. Among the candidates for the bourse are companies, such as Cash Flow, Kross and Toora Poland. This would suggest that in the second half of the year, the number of IPOs might exceed 20. (Parkiet, p. 1) M.M