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Sofia, Skopje stock markets sign agreement on joint projects

Tue, Sep 28 2010 10:31 CET

byDnevnik.bg

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Sofia, Skopje stock markets sign agreement on joint projects

Photo: Krassimir Youskeseliev

The stock markets in Bulgaria and Macedonia signed an agreement on September 27 2010 to exchange stock information in a move intended to stimulate investor interest in the two bourses.

The agreement was signed between the Bulgarian Stock Exchange (BSE) and the Macedonian Stock Exchange (MSE).

Through one click of the mouse, stakeholders will be able to access summarised daily data on the movements of indices, winners and losers, deal numbers, trading volumes and turnover by market segments, data on market capitalisation as well as the 10 most liquid stocks on each market.

The Belgrade Stock Exchange (BSE) has also expressed interest in the project and is expected to join in.

"This is the first step towards long-term cooperation between the two operators," BSE board chairman Asen Yagodin said, without elaborating.

MSE executive director Ivan Shteriev said that the co-operation would target double listings of Bulgarian and Macedonian companies on the two markets.

Asked whether the two stock market operators are in talks over a potential merger, Yagodin said no, adding, "Not just BSE and MSE, but also all bourses on the Western Balkans are looking for strategic investors."

He suggested that joint projects would ensure that all operators in the region apply similar models, which will facilitate the search for investors.

Source: Dnevnik.bg

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Comments

Anonymous Sasha Tue, Sep 28 2010 11:20 CET
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Quite an amusing article especially that our (MSE) has the capital equivalent to a third world market somewhere in the vicinity of Angola or Namibia while the (BSE) is considered to be, by many economists, a Balkan financial powerhouse. It is however, significant that our neighbours encourage economic investment and financial stimulus. Gruevski has had to bite his tongue yet once again after agreeing with many analysts that if he doesn't do business with his neighbours, e.g. Greece has invested a great deal, no-one else was going to. The chances of getting any foreign investment into Macedonia have plummeted since [...]

 Read the full comment Gruevski's financial debacle and problematic governmental red tape.


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