Why Has Budapest Bourse Partnered with Regional Peers and EBRD?
- 19 Nov 2024 6:18 AM
The Budapest Stock Exchange and six of its peers in the region, along with the European Bank for Reconstruction and Development (EBRD), have agreed to work together to develop local capital markets, the Budapest bourse said.
The cooperation outlined in the memorandum of understanding extends to expanding primary markets, developing the institutional framework for supporting long-term retail savings, encouraging retail investor participation, backing new technologies, boosting the efficiency of capital market infrastructure in the region, and sharing best practices.
The sides aim to find effective solutions for managing common challenges, making better use of resources and promoting regional capital markets integration.
The agreement was signed on November 13 by the stock exchanges in Bratislava, Bucharest, Sofia, Ljubljana, Warsaw and Zagreb, in addition to the one in Budapest.
Source:
MTI - The Hungarian News Agency, founded in 1881.
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