The Ministry of Economy of Ukraine and the leading global technology company NASDAQ signed a memorandum of understanding to strengthen the Ukrainian economy and capital market.
Ukraine signed a memorandum with NASDAQ to strengthen the economy and capital market
Within the framework of the agreement, NASDAQ and the Ministry of Economy of Ukraine will determine areas of cooperation that can contribute to the recovery of the Ukrainian economy.
The memorandum, in particular, provides that NASDAQ will provide technical assistance to the government of Ukraine for the future international financial centre in Ukraine, development of capital markets, and access of Ukrainian companies to long-term financing on global markets.
The expertise and technologies of NASDAQ are extremely necessary for Ukraine to develop markets for attracting long-term financing by Ukrainian companies and organized capital markets. We are sincerely grateful to the American partners and the US government for the systematic work on strengthening the economic capacity of Ukraine, — noted the First Vice PM and the Minister of Economy of Ukraine Yulia Svyrydenko.
What opportunities does it provide?
NASDAQ is also considering potential opportunities to waive listing fees for Ukrainian companies in the US and the EU on NASDAQ markets. Exemption from the fee requires the approval of regulatory authorities.
Recovery of Ukraine's economy will require a global effort from both the public and private sectors, and this agreement is the first step toward a deeper partnership between NASDAQ and Ukraine, said NASDAQ Executive Vice President Edward Knight.
The United States Agency for International Development (USAID) facilitated the partnership between NASDAQ and the Ukrainian government.
Investors are already showing their confidence in the future of Ukraine, which attracted more than 4 billion dollars. direct foreign investments during the first three quarters of last year. This partnership further emphasizes the attractive investment opportunities offered by Ukraine, USAID noted in this regard.
