WSE to improve NewConnect

The Warsaw Stock Exchange wants the alternative market NewConnect to be more safe and attractive, "our strategic goal is continuous growth of NewConnect and to winning over of firms and investors," said the WSE CEO Paweł Tamborski at a press conference on Monday. The bourse will analyze and observe the market continuously, a council of advisors was established to strengthen the sense of responsibility. "There were bad and unethical examples, but we tried to manage them harshly," Tamborski added. Last year, 10 firms were excluded from trading. The market is to be "an important tool in obtaining capital and making business reliable," he also said. According to estimates, firms managed to obtain €360 million through NewConnect. The market has been operating since 2007.