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Nasdaq Signs MOU with Ukraine's Ministry of Economy to Strengthen Ukrainian Capital Markets, Ukraine Signs Agreement with United States on State Debt Payments Deferral, and Simulmedia Joins Lviv IT Cluster to Support Ukraine's Tech Resilience and Innovation

2024-04-09 18:20:17.944000

Nasdaq, a global technology company, has signed a Memorandum of Understanding (MOU) with Ukraine's Ministry of Economy to provide technical assistance for the development of the Ukrainian capital markets and access to long-term financing for Ukrainian companies. The MOU was signed on February 12 in the presence of Ambassador of Ukraine to the United States Oksana Markarova and U.S. Ambassador to Ukraine Bridget Brink. The partnership between Nasdaq and the Government of Ukraine was facilitated by the United States Agency for International Development (USAID) [c082a62c] [0845c3f1].

The MOU includes technical assistance from Nasdaq to the Ukrainian government in relation to the future international finance center in Ukraine, capital markets development, and access of Ukrainian companies to long-term financing in international markets. Nasdaq will also consider waiving listing fees for Ukrainian companies on both the US and EU Nasdaq markets, pending regulatory approval. This partnership comes as foreign investors are set to invest $4.1 billion in Ukraine in the first three quarters of the year. The United States Agency for International Development (USAID) has also played a role in matching foreign investors with Ukrainian companies [e0b51089].

In addition to the partnership with Nasdaq, Ukraine has signed a bilateral agreement with the United States on the deferral of payments on Ukraine's state debt. The agreement was signed by Ukraine's Minister of Finance, Serhiy Marchenko, and U.S. Ambassador to Ukraine, Bridget Brink. This agreement is in accordance with the provisions of the Memorandum of Understanding on the debt service suspension of Ukraine with a group of official creditors from the G7 and Paris Club. Ukraine's state debt to the United States at the end of February 2024 amounted to UAH 200 million. The agreement will reduce the debt burden on the state budget and allocate funds for social and humanitarian needs [61905738] [c082a62c].

Simulmedia, a cross-channel TV advertising platform, has become one of the first US-based advertising technology product companies to partner with Ukraine's Lviv IT Cluster. The partnership aims to support Ukraine's tech resilience and innovation in the face of adversity. Simulmedia plans to tap into Ukraine's rich pool of IT talent to create opportunities for innovation and provide employment to Ukrainian tech professionals. The collaboration is not only a business expansion but also a commitment to contribute positively to the local economy. Simulmedia's Executive Chairman, Dave Morgan, expressed solidarity with Ukraine's tech community and highlighted their capacity for innovation and perseverance. The tech sector in Ukraine has made significant contributions to programmatic platforms, DSPs, SSPs, and AI. Simulmedia's partnership with the Lviv IT Cluster is seen as a strategic move to support the growth of the tech sector in Ukraine [2d41c6af].

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