Polish stocks head for biggest two-day drop since May on pensions

clock

POLAND - Poland's benchmark index headed for the biggest two-day drop since May on concern that a government proposal to change the pension system will hurt fund inflows into central Europe's largest equity market.

The WIG20 Index slumped 2.1% to 2,683.47 at 1:23 p.m. in Warsaw, bringing its two-day decline to 3.6%. The MSCI Emerging Markets Index retreated 0.6%, falling for the first time in seven days, as c...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Poland

Polish lawmakers debate pension shift

POLAND - Polish lawmakers have begun debating pension changes proposed by the government that are opposed by almost half of the country's voters before elections expected within seven months.

Dorota Bartyzel at Bloomberg News
clock 17 March 2011 •

Polish pension system change faces new delay due to legal hurdle

POLAND - Poland's plan to cut transfers to private pension funds, already delayed by a month, may not be in place until the second half of 2011, posing a threat to the fiscal-deficit goal, Citigroup'S Polish unit said.

Bloomberg News
clock 08 March 2011 •

Polish pension changes to take effect in May

POLAND - Poland's government maintains its position that contributions to private pension funds should be reduced to help curb the deficit, according to Michal Boni, an adviser to Prime Minister Donald Tusk.

Dorota Bartyzel and Monika Rozlal at Bloomberg News
clock 02 March 2011 •
Trustpilot