Bulgaria, Croatia, Macedonia open joint securities trading company
The stock exchanges of Bulgaria, Macedonia and Croatia have established a joint company to integrate the trade in securities across the three countries, reported Bulgarian newswire Novitne May 20.
“[This move should be seen as an answer to our efforts] to improve visibility and efficiency on the three markets,” said Ivana Gazic, a chairman of the Zagreb Stock Exchange, as cited by the newswire.
Bulgaria’s Stock Exchange Director Ivan Takev stated that the joint activities aim to attract investors on a regional basis. The head of the Macedonian Stock Exchange Ivan Shteriev added that the cooperation could also lead “other regional exchanges to join in the future,” as reported by the newswire.
The joint project received financial support from the European Bank of Reconstruction and Development and the institution’s headquarters are planned to be based in Macedonia’s capital, Skopje.
Photo courtesy of Jasne