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Dec 20, 2007 14:11 EEST
December 20 (SeeNews) - The bourses in four ex-Yugoslav countries said on Thursday they have teamed up to develop regional products and promote the regional market.
The stock exchanges of Serbia, Macedonia, Croatia and Slovenia signed on Thursday a memorandum of partnership in a move to further develop the regional and underlying national markets and thus serve the needs of major regional and international market stakeholders, the bourses said in a joint statement.
"Specifically, the goals for 2008 are: to develop and publish a regional benchmark index and regional performance-tracking index; to prepare and organize a regional and international investor conference showcasing major regional products; to prepare and publish a bi-annual regional newsletter and to set up a website representing the regional market," the statement read.
The two stock exchanges of Banja Luka and Sarajevo in Bosnia and the two bourses in Montenegro have been also invited to join the project.
The partnership, launched on Thursday will remain effective until the end of 2009.
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