Ukrainian economy receives support from global giant

The Ministry of Economy of Ukraine marked a historic event by signing a Memorandum of Understanding with Nasdaq, the world's leading technology company, to strengthen the country's economic efforts and capital market development.

According to the press service of the Ministry of Economy, this historic step of the Ukrainian economy took place with the participation of Ukraine's Ambassador to the United States Oksana Markarova and the US Ambassador to Ukraine Bridget Brink.

As part of the Memorandum, Nasdaq and the Ministry of Economy of Ukraine are going to identify key areas of cooperation aimed at restoring the Ukrainian economy. First of all, it is about the technical assistance that Nasdaq will provide to the Ukrainian government to create an international financial center in Ukraine, develop capital markets, ensure access of Ukrainian companies to long-term financing in international markets and support entrepreneurship in the country.

At the same time, Nasdaq is considering exempting Ukrainian companies from listing fees on the Nasdaq markets in the United States and the European Union. However, this will require regulatory approval.

Nasdaq Executive Vice President Edward Knight emphasized that Ukraine's economic recovery requires a global effort from both the government and the private sector, and this agreement is the first step in forming a deeper partnership between Nasdaq and Ukraine.

The Ministry of Economy also noted that the partnership between Nasdaq and the government of Ukraine was supported by the United States Agency for International Development (USAID). They noted Nasdaq's readiness to promote the development of the Ukrainian capital market as an important element of the country's economic recovery.