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Photo: kmu.gov.ua
Shmyhal invited creditors to participate in the creation of the Ukrainian stock market
The complete creation of the stock exchange in Ukraine will take some time, as it requires changes in legislation and rules, explained the prime minister.
The Ukrainian authorities must sign a memorandum with foreign creditors on the development of the stock market in Ukraine. Prime Minister Denis Shmygal said this in a meeting with representatives of the European Bank for Reconstruction and Development and the US Agency for International Development, the press service of the Cabinet of Ministers said.
“The time for experiments is over. We need clear project steps that will lead to the emergence of a civilized market. There is definitely political will and support from the government,” Shmygal said.
He noted that the creation of the stock market could take three years.
“There is a time line, a time horizon of three years. The complete creation of a stock market in Ukraine will take some time, as this requires changes in legislation and rules,” the prime minister said.
Recall, the Verkhovna Rada in an extraordinary meeting on August 25, ratified a memorandum with the European Union on the conditions for obtaining a loan of 1,200 million euros.
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