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On 23 February 2009 in Minsk the Warsaw Stock Exchange (WSE) signed a Memorandum of Understanding on Co-operation with Belarusian Currency and Stock Exchange (Bie?orusskaja Waluto-Fondowaja Bir?a - BWFB).
The Memorandum was signed with the purpose of creating favourable investment climate and to support co-operation between financial markets in both countries. Under the Memorandum BWFB and WSE will set directions for co-operation development and will identify opportunities for BWFP to take advantage of WSE experience related to the operations of capital markets in the European Union.
The Memorandum will also allow for information exchange between the exchanges concerning the status of financial markets and for exchanging experience on technological issues including development of information exchange technical standards.
The Memorandum was signed during a working visit to the Republic of Belarus paid by the Polish delegation accompanying Waldemar Pawlak, Vice-Prime Minister and Minister of Economy. A delegation member representing WSE was Beata Jarosz, Management Board Member. The purpose of the visit was to discuss bilateral economic co-operation issues including in particular the support to investment projects of the Polish companies on the Belarusian market.
At present, the Belarusian exchange in Minsk mainly trades in government bonds of both long (GLTB) and short (GSTB) maturities. Stocks are also traded there as well as foreign exchange and currency futures. The Belarusian exchange provides also deposit and clearing services.
