DUSHANBE, October 29, 2011, Asia-Plus — Members of a Polish delegation that arrived in Dushanbe to attend the second meeting of the Tajik-Polish intergovernmental commission for trade and economic cooperation Friday (October 28) met here with Deputy Finance Minister, Jamshed Norinov.
According to the Ministry of Finance (MoF)’s Secretariat, state and prospects of further expansion of mutually beneficial economic cooperation between Tajikistan and Poland were the focus of the meeting.
Tajik official, in particular, noted that Tajikistan was interested in studying Poland’s experience in carrying out national financial reforms and developing an equity market. He reportedly said that Tajikistan’s MoF would like to cooperate with the Warsaw Stock Exchange (WSE) on studying the experience in development of a stock market.
Rafal Baniak, Undersecretary of State in the Ministry of Economy of Poland, for his part, invited a delegation of Tajik MoF to visit Poland for coordination of forms of further cooperation, the source said.
The Warsaw Stock Exchange (WSE) is a joint stock company stock founded by the State Treasury. The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges. It is divided into about 60,000 registered shares of 700 zlotys each. The Treasury holds the largest stake (almost 99%), with the rest divided among several dozen entities, including banks and brokerage houses.
The following instruments are traded on the WSE: shares, bonds, subscription rights, allotments, and derivatives such as futures, options, and index participation units.
Since its inception, the WSE has engaged in electronic trading. The WARSET trading platform has been in use since November 2000. An additional market called NewConnect was introduced on August 30, 2007.
