Montenegrin and Vienna Stock Exchanges Sign a Memorandum of Understanding

30. Juni 2006, 00:00

Executive directors of the Montenegrin and Vienna stock exchanges, Dejana Suskavcevic and Michael Buhl, signed in...

Executive directors of the Montenegrin and Vienna stock exchanges, Dejana Suskavcevic and Michael Buhl, signed in Vienna on Thursday a memorandum of understanding.

Among other things, the memorandum stipulates the stay of personnel at the other stock exchange and the assistance of the Vienna Stock Exchange in improving the trading system of the Montenegrin Stock Exchange.

The signing of this memorandum will allow some of the biggest Montenegrin companies to appear in the index of Southeast European market. This index is counted starting February every year and consists of the shares of the 15 biggest companies listed at the stock exchanges in Bucharest, Ljubljana, Zagreb and Sofia.

Buhl stressed that the capital market of Southeastern Europe has great potential and added that he will make an effort to include the Montenegrin capital market into the European market.

“Having in mind that we have good regulations and tax policy, a stable currency and other factors that make our market attractive, with the implementation of the memorandum, the Montenegrin capital market will develop in line with the European market and will become popular and recognizable on the map of desirable market,” Suskavcevic pointed out.

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