Poland Plans Warsaw Stock Exchange: The lower...

Poland Plans Warsaw Stock Exchange: The lower house of the Polish parliament approved a law setting up a Warsaw stock exchange to be housed in the former headquarters of the defunct Communist Party. The exchange is expected to start trading shares in a handful of privatized companies next month. The lower house voted 269 to 2 with seven abstentions in favor of the law setting up the exchange and allowing the creation of a number of regional exchanges. The Senate has one month to vote final approval of the law, Poland’s latest step on the road back to a free-market economy with full capitalist institutions.