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Equity markets
WSE earnings up seven-fold after miserable 2002
Warsaw Stock Exchange reported annual earnings of 15.2 million ($3.9 million) versus just over 2 million zloty in all of 2002. Reactivated in 1991, WSE said its sales were up 21 percent to PLN 88 million. State-owned bourse attributed stronger earnings to cost-cutting measures, including 10 percent staff reduction, as well as stock market rally in the second half of last year.
Equity markets
DA lets go account held in stock manipulation scheme
Warsaw district attorney has reportedly failed to extend an injunction freezing brokerage account of a company involved in one of Poland's biggest stock market scams. The account, kept in the name of Cagliari, an investment company at DI BRE brokerage house held an estimated 6.5 million zloty, including 2.8 million zloty...
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