PM hopes stock market to launch “in a year”

The Cabinet is already in consultations with experts on the issue.Photo from UNIANPhoto from UNIAN

Ukrainian Prime Minister Denys Shmyhal says the government in a year will start implementing the idea of launching a stock market in Ukraine.

The statement came as Shmyhal was meeting with the American Chamber of Commerce on September 24, the Cabinet’s press service reports.

“I am convinced that with the involvement of international experts we will develop this topic and in a year we will create a stock market,” said Shmyhal.

The head of government noted that consultations with specialists on the formation of the stock market in Ukraine had already begun, and expressed hope that ACC representatives would join the process.

At the same time, according to the Prime Minister, the Government is working to facilitate business on the indicators that form the Doing Business ranking, and to implement the “structural beacons” contained in the programs of Ukraine’s international financial partners.

The Cabinet head called the development of the National Economic Strategy 2030 another step to improve Ukraine’s investment attractiveness.

Earlier, PM Shmyhal said launching the stock market is the Cabinet’s priority task as it could attract billions in investment.

(C)UNIAN 2020

2 comments

  • Every country has this for decades…………………………or much longer.

    Liked by 3 people

  • That will make it much easier for investors to track Ukrainian companies’ activities and invest. There are some pretty solid ones out there: ATB, Nemiroff, Nibulon, Roshen, Ukrnafta, Fozzy and of course PrivatBank is now highly profitable.
    It is Ukrainian blue chips like these that can drive the country into prosperity, given half a chance.

    Liked by 2 people

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.