Launch of full-fledged stock market may take three years – PM Shmyhal.


Read the top-news of politics in Ukraine and the world, the latest political news from the UNIAN news agency.

Ukrainian Prime Minister Denys Shmyhal / Photo from UNIAN, by Volodymyr Hontar

Ukrainian Prime Minister Denys Shmyhal / Photo from UNIAN, by Volodymyr Hontar

Ukrainian Prime Minister Denys Shmyhal says it may take three years to create a platform for a full-fledged launch of the stock market in Ukraine.

The official made the comment at a meeting to discuss the creation of infrastructure for stock market development in Ukraine, which was attended by Chairman of the Read also PM hopes stock market to launch "in a year" National Securities and Stock Market Commission(NSSMC)Timur Khromaev, Director of USAID Office of Economic Growth Farhad Ghaussy, EBRD Senior Banker Iryna Kravchenko, and government representatives, the Cabinet's press service said on its website on October 22.

"There is a timeline – a three-year time horizon. The full-fledged creation of a stock platform in Ukraine will take some time because it requires a change in legislation and rules," the press service quoted Shmyhal as saying.

The prime minster expressed the hope that as many international experts as possible who already have working financial models in their countries would be involved in the activities.

"The time for experiments is over. We need clear project steps that will lead to the development of a competitive market. There is definitely the political will and support of the government," he added.

Shmyhal also supported the initiative to sign a memorandum with international partners and stakeholders, which will include step-by-step creation of the necessary financial infrastructure to develop the stock market in Ukraine and to prove the topmost priority of the reform in the sector for the Ukrainian government.

Implementation of the idea

In September 2020, Shmyhal announced that the Cabinet of Ministers had begun consultations with experts on the formation of the stock market in Ukraine and the government would start implementing the idea in a year.

In May 2020, the prime minister said launching the stock market is the Cabinet's priority task as it could attract billions of dollars in investment.

Author: UNIAN

Главком Помпео заявив про початок процесу передачі влади Байдену. Главком Помпео пообіцяв, що зробить все, що «вимагається відповідно до закону»
УНІАН Під Варшавою збудували найглибший басейн у світі УНІАН На будівництво басейну наші західні сусіди витратили мільйони євро.
УНІАН Місячний календар городника-садівника на грудень: коли і які роботи проводити в цьому місяці. УНІАН Останній місяць в році не позбавлений городніх і садових робіт.
Главком Як Міноборони провалило одну з найважливіших оборонних програм. Главком Міноборони провалило контракт з модернізації восьми зенітно самохідних установок «Шилка» для боротьби з дронами, вертольотами і низколетящими літаками
Українська правда Криклій може втратити крісло міністра інфраструктури – джерело. Українська правда Заступник керівника Офісу президента Кирило Тимошенко пропонує замінити міністра інфраструктури Владислава Криклія на голову Укравтодора Олександра Кубракова.
Related news

U.S. slaps sanctions on three Russia companies under Iran, North Korea, Syria Nonproliferation Act

Now U.S.-based individuals and entities are barred from doing business with those companies.

7 23

Government again postpones pay rise for Ukrainian educators.

The resolution was passed by Volodymyr Groysman's government.

3 3

Weekend quarantine: Zelensky announces promised bailout for businesses.

The government was instructed to adopt a comprehensive program to support Ukrainian companies amid quarantine-related curbs.


Energy Ministry finalizing concept of reforming coal industry.

The Energy Ministry of Ukraine is finalizing a concept of reforming the coal industry to submit the project for government approval.

4 1

Ukraine to deepen cooperation with BSEC - Kryklii

Ukraine will deepen cooperation within the Organization of the Black Sea Economic Cooperation(BSEC)to ensure the transportation of goods in the Black Sea region, according to Ukrainian Infrastructure Minister Vladyslav Kryklii.

5 1

SkyUp Airlines announces flights to Berlin

Ukraine’s SkyUp Airlines has announced its intention to launch Kyiv-Berlin-Kyiv flights in the spring of 2021, the airline's press service reports.


Great Construction program: 100 schools already built in Ukraine.

The construction of 100 schools has already been completed in Ukraine as part of the Great Construction program.


Prices of tests for COVID-19 inflated in Ukraine – experts.

The price of the same test may vary in different laboratories.

5 3

Ukrainian farmers harvest grain and leguminous crops from 96% of sown area.

As of November 23, Ukrainian farmers harvested 60.9 million tonnes of grain and leguminous crops from an area of 14.7 million hectares, or 96% of the forecast.

5 1

Stepanov: Health sector needs financing at 5% of GDP to start «coming out of coma».

Ukrainian healthcare workers' salaries are the lowest in the country.

5 3