Everybody up!

The upward trend, which came to a brief halt in March, continued through the next month, mainly due to evidence of the Polish economy’s outstanding performance in the first quarter of 2007, as well as a good feeling on Western markets and the high prices of raw materials. The WSE is still benefiting from the constant flow of capital to investment funds. In such conditions no one should be surprised by new all-time highs recorded on the WIG 20 and the WIG-BUD construction index. Polimex Mostostal, the only construction company included on the WIG 20, announced that it is possible that its sales may increase even by a third this year as the Polish building boom gathers pace. In an interview, Bloomberg Polimex’s CEO revealed that the company aims to achieve EUR 1 bln in revenue “relatively quickly”. The company may look for new acquisitions in order to offer a full range of projects.Polnord’s shares were in April one of the top gainers in our table – th