U.S. Ambassador to Ukraine John F. Tefft and Sergiy Tigipko, Ukraine’s deputy prime minister in charge of economic reform, toast each other during a July 15 press conference in Kyiv.
The event was held to present a new electronic disclosure system that is intended to bring more transparency to Ukraine’s stock market.
The Electronic System of Comprehensive Information Disclosure, also known as ESCRIN, was developed with support from the Capital Markets Project, itself funded by the United States Agency for International Development. Dmytro Tevelyev, chairman of Ukraine’s State Stock Market and Securities Commission, said that by introducing the system, Ukraine demonstrates commitment to “international reporting standards” and “transparency.” In coming months, issuers of Ukraine-listed equity and corporate bonds will use the new system to file quarterly and annual results.
