WSE to be bourse 'of first choice' in CEE

“The Warsaw Stock Exchange wants to be the exchange of first choice for investors and issuers in Central and Eastern Europe,” the bourse said in a press release presenting its updated strategy until 2020. The WSE wants to increases its revenue at a compound annual growth rate of 7 percent by 2020. It also expects its EBITDA to double and its cost/income ratio to fall below 0.50 in that time. The strategy also opts for a more customer-oriented approach and for tailoring the WSE's offer to market needs. “The WSE Capital Group will focus on growth in those business segments where it has competitive advantages,” the statement also read. “We expect that the WSE Main Market will list around 550 issuers in 2020. Our efforts will focus on recruiting attractive Polish and foreign companies, mainly from our region. We also expect the Catalyst market to list no less than a thousand issues of non-Treasury bonds in six years’ time,” Mirosław Szczepański, the bourse's COO.