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Regional Stock Exchanges Unite with EBRD to Boost Capital Markets
Seven Central European stock exchanges and the European Bank for Reconstruction and Development (EBRD) have signed an agreement in Bratislava aimed at the joint development of capital markets in the region, the Budapest Stock Exchange (BSE) told MTI.
Seven Central European stock exchanges and the European Bank for Reconstruction and Development (EBRD) have signed an agreement in Bratislava aimed at the joint development of capital markets in the region, the Budapest Stock Exchange (BSE) told MTI.
The main areas of the memorandum of understanding include the expansion of primary markets, the development of an institutional framework to support long-term retail savings, the promotion of retail investor participation, the promotion of new technologies, the enhancement of the efficiency of the regional capital market infrastructure and the sharing of best practices.
Well-functioning capital markets are the foundation for the development of the economy, and in particular of small and medium-sized enterprises (SMEs).
These markets provide a vital source of finance for fast-growing and innovative companies and give the public the opportunity to share in economic success.
Richárd Végh, CEO of BSE, said in a statement: Central European stock exchanges play a key role in shaping and developing the local capital market ecosystem.
BSE’s priority is to play an active role in promoting this and in implementing initiatives that support economic growth and contribute to the long-term competitiveness and sustainable development of the region.
According to the agreement, regional cooperation is an effective way to address common challenges by allowing for a more efficient use of resources and encouraging the integration of regional capital markets through cross-border business flows. The European Bank for Reconstruction and Development is committed to developing regional capital markets and supporting local ecosystems.
The agreement was signed on November 13 by representatives of the Budapest Stock Exchange (BSE), the Bratislava Stock Exchange (BSSE), the Bucharest Stock Exchange (BVB), the Bulgarian Stock Exchange (BSE), the Ljubljana Stock Exchange (LJSE), the Warsaw Stock Exchange (WSE) and the Zagreb Stock Exchange (ZSE), as well as the European Bank for Reconstruction and Development.
Via MTI; Featured image via Pexels
The post Regional Stock Exchanges Unite with EBRD to Boost Capital Markets appeared first on Hungary Today.
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