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24 Oct 2016

Plans to set up Belarusian-Polish IPO center in 2017

MINSK, 24 October (BelTA) – Plans have been made to set up a Belarusian-Polish IPO center in 2017, BelTA learned from Chairman of the Polish-Belarusian Chamber of Commerce and Industry Kazimierz Zdunowski before the 20th Belarusian-Polish economic forum Good Neighborliness 2016 began on 24 October.

Kazimierz Zdunowski said he hopes that the Belarusian-Polish IPO center will start working in 2017.

According to the source, the possibility of implementing the project has been considered for two years. The sides are now in agreement that the relevant memorandum needs to be signed. “We are now of the opinion that it is necessary to sign the memorandum and do concrete work. The legal base will be prepared first and a training program will be worked out,” said the Chairman of the Polish-Belarusian Chamber of Commerce and Industry.

The official specified that from the Polish side the memorandum will be signed by the Warsaw Stock Exchange while Belarus will be represented by the Business Institute of the Belarusian State University.

At present two Belarusian companies — Milavitsa and ASBIS — work on the Warsaw Stock Exchange. “They are quite successful, capitalization is very good,” added Kazimierz Zdunowski.

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