Deputy Minister of Finance Metodi Metodiev participated in the official ceremony for the signing of the Memorandum of Understanding on Capital Market Development between the Ministry of Finance of the Republic of Bulgaria and the Ministries of Finance of Croatia, Poland, Romania, Slovenia, the Slovak Republic, the Republic of North Macedonia and the Ministry of National Economy of Hungary. The ceremony took place today in Zagreb, Republic of Croatia.
The Memorandum provides for institutional cooperation for the development of deeper and more efficient capital markets in the region with a view to reducing barriers to cross-border capital flows and facilitating access to finance for businesses. This will stimulate economic growth and contribute to macroeconomic and financial stability.
"The development of capital markets in the region will facilitate the mobilization of more private savings for productive investment and sustainable economic growth. Local ecosystems are essential for providing financing to start-ups and small and medium-sized enterprises, and local investors play an important role in the early years of their development. Regional cooperation is important to ensure that these enterprises can finance their growth and develop cross-border activities, as the connectivity of capital markets in the region will provide local issuers with access to more investors and lead to an increase in investment flows," Deputy Minister Metodiev commented during the ceremony.