Ukraine to sign memorandum on stock market infrastructure development next week

Ukraine to sign memorandum on stock market infrastructure development next week

Next week, the Ukrainian authorities will sign a memorandum on the development of stock market infrastructure with the EBRD, the American Chamber of Commerce, and USAID.

"We are working on the development of the stock market infrastructure. Already next week we will sign a memorandum with the European Bank for Reconstruction and Development, the American Chamber of Commerce, and USAID on development and procurement. A rather big sum of money is provided for the clearing system for stock market development in Ukraine," Prime Minister Denys Shmyhal said at the opening of the UkraineInvest Talks Dnipro international investment forum, an Ukrinform correspondent reports.

According to him, it will be possible to fill the stock market with a number of tools, including the launch of a defined contribution pension system. A draft law has already been agreed on with the relevant parliamentary committee.

"We will continue to ask the committees and the parliament to support this draft law. It provides an investment resource of approximately up to $50 billion in developed countries actually in 10-15 years, and Ukraine is no exception. This will be a resource accumulated from these non-state pension funds," the Prime Minister said.

The UkraineInvest Talks Dnipro forum is aimed at popularizing the investment environment in Ukrainian regions. Mayors, representatives of the business community, international financial organizations, and the expert community participate in the event.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: