Belarusian Economic Research and Outreach Center

Visit of Mr. Jacek Fotek, Vice President of Management Board and Chief Financial Office at Warsaw Stock Exchange

BEROC in a partnership with the IPM Business School arranged a visit of Mr. Jacek Fotek, Vice President of Management Board and Chief Financial Office at Warsaw Stock Exchange. The visit took place in May 2-3, 2019. 

Polish capital market traditions go back to 1817, when the Warsaw Mercantile Exchange was established. Following the overthrow of Poland's former communist regime in 1989, WSE was created as a joint-stock company on April 12, 1991 by the State Treasury pursuant to the Foundation Act for Giełda Papierów Wartościowych w Warszawie SA (The Warsaw Stock Exchange Company). Warsaw Stock Exchange debuted on the market of the Warsaw Stock Exchange on November 9th, 2010. 

Mr. Fotek held a workshop for the state and private sector organizations and companies. He covered various aspects of development of Polish financial market for the past 30 years, approaches towards its regulation, formation and restructuring. More than 40 participants got a firsthand knowledge and experience from a person who has been involved in the financial market creation in Poland. The workshop ended up with a Q&A session and bilateral meetings. 

Besides, Mr. Fotek had a meeting with a team of the Ministry of Finance led by Mr. Maxim Ermolovich. Parties discussed ways of cooperation and joint work in development of the financial market in Belarus. Both sides agreed to strengthen efforts in development of local financial market.