Nasdaq and the Ministry of Economy of Ukraine Sign Collaborative Agreement to Facilitate Entrepreneurism and Capital Formation
13 February 2024 - 3:30AM
Nasdaq and the Ministry of Economy of Ukraine today announced the
signing of a Memorandum of Understanding (MoU) to support Ukraine’s
efforts to strengthen its economy and capital markets.
As a part of the agreement, Nasdaq and the Ministry of Economy
of Ukraine will identify areas of collaboration that can advance
the restoration and recovery of Ukraine’s economy throughout the
country’s reconstruction process. This will include identifying
ways in which both parties can provide technical assistance for the
forthcoming international finance center in Ukraine, promote
entrepreneurism among Ukrainian citizens, and facilitate capital
formation for Ukrainian companies.
Nasdaq also intends to waive listing fees for Ukrainian
companies listing on Nasdaq’s U.S. and European markets. The fee
waiver is subject to regulatory approvals.
“It will take a concerted global effort from both the public and
private sectors to support the rebuilding of Ukraine’s economy, and
this agreement is a first step to a deeper partnership between
Nasdaq and Ukraine,” said Ed Knight, Executive Vice
Chairman, Nasdaq. “Nasdaq has a long history of working
closely with finance centers across the global economy to enable
capital formation, spur innovation, and unlock economic progress.
We look forward to continued discussions with the Government of
Ukraine as we identify solutions that accelerate economic
opportunities for Ukrainian citizens and businesses.”
“The expertise and technologies of Nasdaq are important tools
for attracting long-term financing for Ukrainian companies and
developing organized markets. We are sincerely grateful to our U.S.
partners for their systematic efforts to strengthen Ukraine's
economic capacity. Our goal this year is to become more
economically self-reliant, and cooperation with Nasdaq is an
opportunity to make our economy more resilient, create more equal
opportunities, and realize our economic potential to the fullest,"
said Yulia Svyrydenko, First Deputy Prime Minister and
Minister of the Economy of Ukraine.
The United States Agency for International Development (USAID)
facilitated the partnership by helping match Ukraine’s need for
technical assistance and capital formation with Nasdaq’s unique
capability and expertise to provide this support to Ukraine.
"This new partnership between Nasdaq and the Government of
Ukraine demonstrates that Ukraine is open for business, even as
they continue to fight for their freedom. Investors are already
demonstrating their confidence in Ukraine’s future – which
attracted more than $4 billion in foreign direct investment in the
first three quarters of last year – and this partnership further
underscores the attractive investment opportunities Ukraine offers.
We welcome Nasdaq’s commitment to support the development of
Ukrainian capital markets, which will be critical in the recovery
effort," said USAID Administrator Samantha
Power.
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global technology company
serving corporate clients, investment managers, banks, brokers, and
exchange operators as they navigate and interact with the global
capital markets and the broader financial system. We aspire to
deliver world-leading platforms that improve the liquidity,
transparency, and integrity of the global economy. Our diverse
offering of data, analytics, software, exchange capabilities, and
client-centric services enables clients to optimize and execute
their business vision with confidence. To learn more about the
company, technology solutions, and career opportunities, visit us
on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Cautionary Note Regarding Forward-Looking
Statements: The matters described this communication
contain forward-looking statements that are made under the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to,
statements regarding actions Nasdaq intends to take under the MOU.
We caution that these statements are not guarantees of future
performance. Actual results may differ materially from those
expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties
or other factors beyond Nasdaq’s control. These factors include,
but are not limited to factors detailed in Nasdaq’s Annual Report
on Form 10-K and its other periodic reports filed with
the U.S. Securities and Exchange Commission. We undertake no
obligation to release any revisions to any forward-looking
statements.
Nasdaq Media Relations Contacts:
Nick Eghtessad+1.929.996.8894Nick.Eghtessad@Nasdaq.com
Peter Gau+1.201.388.9682Peter.Gau@Nasdaq.com
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