Bratislava/Zagreb – Eight Central and Southern European countries, including Croatia, Bulgaria, Hungary, North Macedonia, Poland, Romania, and Slovenia, are collaborating on a project aimed at linking their capital markets, alongside Slovakia. Finance Minister Ladislav Kamenický (Smer-SD) signed a memorandum of cooperation on Monday (August 25) in Zagreb, Croatia, highlighting the Union of Savings and Investments promoted by the European Commission, according to TASR.
Ladislav Kamenický shared via social media that discussions regarding the Union of Savings and Investments, previously known as the Union of Capital Markets, have been ongoing at the European level for several years, yet negotiations among EU finance ministers remain unresolved.
The Croatian initiative has successfully united eight countries to create a common regional solution
“I sense that some representatives seem more focused on finding obstacles than actual solutions. I am pleased that the Croatian initiative has successfully united eight countries into a common regional solution, reflecting a genuine interest in implementation,” Kamenický remarked.
He noted that the established cooperation fosters stronger connections between the stock exchanges and financial institutions of the member countries with the goal of integration. This is anticipated to enable investors from these nations to more easily invest in Slovakia and vice versa.
“The project will not only present more opportunities for investors, but most importantly, it will help dismantle the imaginary barriers between our nations for the benefit of our economies and, particularly, our citizens,” Kamenický concluded. (August 26)
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