Ukraine agrees to cooperate with Nasdaq

The Ministry of Economy of Ukraine and Nasdaq, a leading global technology company, have signed a Memorandum of Understanding to strengthen the Ukrainian economy and capital market. This was reported by the press service of the Ministry of Economy.

The report says that the agreement was signed in the presence of Ukraine’s Ambassador to the United States Oksana Markarova and U.S. Ambassador to Ukraine Bridget Brink.

The memorandum is expected to help Nasdaq and the Ministry of Economy of Ukraine identify areas of cooperation that could contribute to the recovery of the Ukrainian economy. In particular, it is said that Nasdaq will provide technical assistance to the Ukrainian government for the future international financial center in Ukraine, the development of capital markets in Ukraine, access of Ukrainian companies to long-term financing in international markets, and promote entrepreneurship among Ukrainians.

Nasdaq is also considering potential listing fee waivers for Ukrainian companies on Nasdaq markets in both the US and the EU. The fee waiver requires regulatory approval.

“Ukraine’s economic recovery 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.

He added that Nasdaq has a long history of close cooperation with financial centers around the world, facilitating capital formation, fostering innovation and unlocking economic progress.

According to the Ministry of Economy, the partnership between Nasdaq and the Ukrainian government was facilitated by the United States Agency for International Development (USAID). They noted that they welcome Nasdaq’s readiness to support the development of the Ukrainian capital market, which will be an important contribution to the recovery:

Nasdaq is a leading global technology company that serves corporate clients, investment managers, banks, brokers and exchange operators in their interactions with global financial markets and the financial system as a whole. Nasdaq is known worldwide for creating innovative indices and providing advanced technologies.

The company’s goal is to improve the liquidity and transparency of the global economy. The exchange’s diverse portfolio of data, analytics, software, services and capabilities allows customers to optimize and realize their business visions.

Tags: Nasdaq, Ukraine, International Exchange, trading