The Ministry of Economy of Ukraine and the Nasdaq signed a memorandum of understanding designed to strengthen the Ukrainian economy and capital market. As part of the agreement, Nasdaq and the ministry will identify areas of cooperation that can contribute to the recovery of the Ukrainian economy.
In particular, the memorandum provides that Nasdaq will provide technical assistance to the government of Ukraine for a future international financial center in Ukraine, the development of capital markets in Ukraine, access for Ukrainian companies to long-term financing through global markets and will promote the development of entrepreneurship among Ukrainians.
“Cooperation with Nasdaq is an opportunity to make our economy more stable, create more equal opportunities, and fully realize our economic potential,” said Minister of Economy Yulia Svyridenko.
Nasdaq is also considering waiving listing fees for Ukrainian companies on the Nasdaq markets in both the US and the EU.