11/19/2024 13:25
Seven stock exchanges from Central Europe and the European Bank for Reconstruction and Development signed a Memorandum of Understanding in Bratislava, officially confirming their intention to strengthen joint efforts in the development of regional capital markets.The stock exchanges that signed the Memorandum are: Bratislava Stock Exchange, Budapest Stock Exchange, Bucharest Stock Exchange, Bulgarian Stock Exchange, Ljubljana Stock Exchange, Warsaw Stock Exchange and Zagreb Stock Exchange.
Well-functioning capital markets are crucial for the real economy, especially small and medium-sized enterprises, as they provide funds to fast-growing and innovative companies and enable households to participate in economic success. Stock exchanges in the Central and Eastern European region play a key role in the development of the local capital market ecosystem.
The objective of the Memorandum is to foster regional cooperation in identifying and implementing key initiatives to strengthen the evolution of regional capital markets, with each stock exchange working as an equal partner. Key areas of focus include expanding primary markets, improving the institutional framework for long-term household savings, encouraging the participation of retail investors, promoting the development of new technologies, increasing the efficiency of regional capital market infrastructure and sharing best practices.
The signatories to the Memorandum believe that regional cooperation is better suited to addressing common challenges, as it allows for the pooling of resources for more efficient work and fosters regional capital flows through integrated cross-border processes. The immediate collective commitment from the region is essential for its success. The European Bank for Reconstruction and Development shares this commitment to developing regional capital markets and nurturing local ecosystems and provides its support to regional cooperation.