Ukraine to Launch New Stock Exchange in Cooperation with EBRD
Ukraine is preparing to relaunch its national stock exchange in partnership with the European Bank for Reconstruction and Development (EBRD), in a move aimed at revitalizing capital markets and attracting both domestic and foreign investment.
According to a report from the NV Ukraine, negotiations are underway between Ukrainian authorities, including the National Bank, Ministry of Economy, Ministry of Finance, and the National Securities and Stock Market Commission, to overhaul the country’s trading infrastructure. The partnership with the EBRD aims to establish a modern, integrated stock exchange platform that will support transparent, efficient trading and improve post-trade clearing services.
The initiative forms part of a broader strategy discussed at the Ukraine Recovery Conference held in Rome from July 10–11, where the EBRD reaffirmed its commitment to supporting Ukraine’s wartime economy and reconstruction efforts. The conference saw the launch of new funding mechanisms—including a €410 million Ukraine FIRST Cooperation Fund co-managed with the European Investment Bank—to support urban, energy, and financial infrastructure projects.
Reviving the stock exchange is not only a technical upgrade but a strategic effort to signal financial stability and attract long-term capital. Analysts note that developing a reliable capital market infrastructure is essential for channeling both public and private funds into Ukraine’s much-needed reconstruction. Institutional investors have repeatedly cited the lack of a functioning stock exchange and clearing system as a barrier to investment.
To support this effort, the EBRD has previously signed a memorandum of understanding with Ukrainian financial authorities, outlining frameworks for market modernization, regulatory alignment, and capital market integration. The relaunch plan is expected to include improvements to regulatory oversight, trading technology, liquidity mechanisms, and greater access for small and medium-sized enterprises.
Under the agreement, the EBRD is likely to provide technical assistance, advisory services, and possibly seed funding to ensure the exchange meets international standards. This effort complements the bank’s recent actions in Ukraine’s financial sector, such as €1.5 billion in planned investments during 2025.
Ukraine’s leadership has made clear that a functional stock exchange can serve both as a market barometer for domestic progress and as a gateway for foreign capital. Officials believe that a transparent, well-regulated trading platform will help reduce reliance on external grants and loans, fostering sustainable financial independence.
As Ukraine emerges from the immediate pressures of war, the relaunch of its stock exchange marks a critical milestone in doubling down on economic reforms. With support from the EBRD and international partners, Kyiv seeks to signal that Ukraine is open for business—and ready to compete on equal footing in global markets.
