Ukraine will create the National Exchange for Trade in capital and goods (PHOTOS)



Prime Minister of Ukraine Denys Shmyhal took part in the signing of a Memorandum between the Government of Ukraine, the European Bank for Reconstruction and Development, the American Chamber of Commerce and the United States Agency for International Development (USAID) in the field of national exchange capital trading and organized commodity markets.

UATV reports this referring to the Governmental portal.

In the next 3 years they plan to create an integrated center of capital markets and commodity markets in Ukraine. Namely, the National Exchange for Trade in Capital and Goods (NEXT-UA).

Shmyhal noted that signing of the memorandum is the first step towards the creation of a full-fledged stock market.

“The stock market is one of the highest quality mechanisms for attracting internal and external investment in the real sector of the economy. This is new opportunities for business and investors”, – he said.

According to Prime Minister, among the main structural units of NEXT-UA there will be: Universal Commodity Exchange, the financial infrastructure company (depository, settlement and clearing center and trade repository), the Arbitration Center, the Advisory Council and the Investor Relations Bureau. In order to create the project, they also plan to attract strategic commercial investors.

Denys Shmyhal noted that signing a memorandum, the parties have determined a roadmap for the next 2 years.

Read also: Ukraine and Slovakia signed a memorandum on intensifying cooperation between enterprises

date 08.06.2021
categories Economics

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