Kamenický welcomes that eight countries of Central and Southern Europe, including Slovakia, want to connect their exchanges
Bratislava/Zagreb – Eight countries of Central and Southern Europe, including Croatia, Bulgaria, Hungary, North Macedonia, Poland, Romania, and Slovenia, are joining a joint project to connect their capital markets, in addition to Slovakia. On behalf of the Slovak Republic, Finance Minister Ladislav Kamenický (Smer-SD) signed a memorandum of cooperation on Monday (August 25) in Zagreb, Croatia, mentioning the Union of Savings and Investments promoted by the European Commission, TASR reports.
Ladislav Kamenický informed on social media that discussions about the Union of Savings and Investments, formerly known as the Union of Capital Markets, have been ongoing at the European level for years, but negotiations at the level of EU finance ministers are still not concluded.
The Croatian initiative has managed to unite eight countries into a common regional solution
“I feel like some representatives are looking for more obstacles than real solutions. I am glad that the Croatian initiative has managed to unite eight countries into a common regional solution, which shows a real interest in implementation,” Kamenický assessed the situation.
According to him, the agreed cooperation creates stronger ties between the stock exchanges and financial institutions of the participating countries with the aim of connecting them. This is expected to allow investors from these countries to invest much more easily in Slovakia and vice versa.
“The project will not only bring more opportunities for investors, but the most important thing is that together we will start breaking down the imaginary barriers between our countries for the benefit of the economies and especially for the benefit of the citizens,” Kamenický added. (August 26)
