Stock exchanges of Ljubljana, Zagreb, Skopje and Belgrade signed Memorandum of Cooperation

The CEOs of four stock exchanges of Ljubljana, Zagreb, Macedonia and Belgrade agreed upon further joint cooperation in 2011 and signed the 2011 Annex to the Memorandum of Cooperation. The statement published on the website of the Belgrade Stock Exchange reads that the Memorandum’s key tasks are mainly related to joint development and harmonization activities for enabling remote membership and harmonization of listing criteria for the most demanding market segment (Prime Market).

Other tasks are: enabling infrastructure intended for cross border transactions, increasing awareness of the importance of the pension reform for capital markets, the reestablishment of a regional bond market, as well as joint educational projects on new products.

The framework of the partnership was already set up in the Memorandum of Partnership in December 2007.

The statement also reads that the recent crisis has shown that there are many ways for national economies and business entities to benefit from the possibilities that capital markets could offer.

This regional cooperation endeavors to pave the way for greater reliance on the still understated strength and potentials of the regional capital market.