The Ministry of Economy of Ukraine, the London Stock Exchange Group PLC, and the British organization TheCityUK signed a Memorandum of Understanding to support the development of the Ukrainian financial market through 'The City-Ukraine Hub'. The Ministry of Economy made the announcement on its website.
"The financial sector of the United Kingdom is one of the most developed in the world. In cooperation with the U.K. Government, TheCityUK, and the London Stock Exchange PLC, Ukraine is committed to creating a favorable financial ecosystem for Ukrainian companies to access finance and raise efficient investment in Ukraine," said First Deputy Prime Minister Yuliia Svyrydenko.
The agreement between Ukraine and the United Kingdom on the development of the financial market provides for:
- facilitating access to long-term financing for Ukrainian businesses;
- building the capacity of the private sector in Ukraine. This will include the implementation of corporate partnership programs, including support programs for small and medium-sized businesses;
- assisting the Government and other authorities in attracting foreign direct investment and promoting the growth of Ukrainian business.
"By sharing knowledge and experience and building a financial market ecosystem, we can work together to help strengthen Ukraine's capital markets and develop its financial sector. We hope that our continued cooperation will help attract both public and private capital to Ukraine," said Julia Hoggett, CEO of the London Stock Exchange PLC.