Borsa İstanbul And Tirana Stock Exchange Sign A Memorandum Of Understanding

The MoU signed by Mr. Mustafa BALTACI, Executive Vice President of Borsa İstanbul, and Ms. Anila FURERAJ, CEO of Tirana Stock Exchange is expected to be developing of the existing cooperation between Borsa İstanbul and Tirana Stock Exchange.

On 28 May 2013, Mr. Mustafa BALTACI, Executive Vice President of Borsa İstanbul and Ms. Anila FURERAJ, CEO of Tirana Stock Exchange, signed a Memorandum of Understanding (MoU) during Tirana Economic Forum – “Albania New Development Model”, which took place in Tirana with the presence of Mr. Sali Berisha, Albanian Prime Minister, and Mr. Florjon MIMA, Minister of Economy, Trade and Energy.

The MoU envisages the development of the existing cooperation between Borsa İstanbul and Tirana Stock Exchange. Under the MoU, the parties are intended to cooperate in certain areas such as developing projects and opportunities to exchange information and expertise pertaining to their activities, markets and operations in order to contribute to improvement of their countries’ capital markets; benefiting from each others’ experiences and best practices; and organizing joint events with the common objective of improving the understanding and knowledge of capital markets in both countries.

Moreover, the parties aim to establish a secondary fixed income market operating within Tirana Stock Exchange; to develop a new electronic trading system for Tirana Stock Exchange; and to work in collaboration with other relevant institutions in order to establish a post trade environment for Albanian capital markets.