Saturday, 11. February 2012 - 10:02
:: Home > Business > New framework plan for the Zagreb Stock Exchange
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 30 | 31 | 1 | 2 | 3 | 4 | 5 |
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 1 | 2 | 3 | 4 |
Today
Videos
Polls
RSS Feed Business19. 03. 10. - 10:00
New framework plan for the Zagreb Stock Exchange
Croatian Times
Indium, a management consulting and investment firm focused on Central and Eastern Europe (CEE), has submitted its framework plan for the Zagreb Stock Exchange (ZSE) from 2010 to 2014 to ZSE's board of directors.
The framework plan was prepared in response to ZSE's call for submission of a ˝short management plan for the next four years˝. The plan proposes a time frame for substantive restructuring.
The Indium CEO's key suggestions focused on increasing transparency and enforcing regulations at the exchange – all with the aim of increasing liquidity.
Indium head Milan Racic said: ˝ZSE cannot be the largest stock market in CEE, but it can be the most-transparent one. Transparency will make its small size an advantage."
Indium's advice to the board was to emulate the Croatian National Bank (HNB) in terms of ZSE's market positioning and branding. The plan claims that HNB currently enjoys an enviable local and international reputation as an honest broker when it comes to monetary policy.
Racic said that the low volume of trading at ZSE meant that price manipulation or at least the perception of price manipulation was a real threat.
He added: "Tell the news like it is – the good, the bad and the ugly. That is the only way to generate long-term credibility. Real efforts to increase transparency and honesty in the functioning of the exchange build credibility, and, over time, trading volume.˝
Racic noted that the groundwork for preparing ZSE for a profitable sale should have started five years ago. He said that preparing a product such as an exchange for sale was not an overnight proposition but a matter of deliberate, sustained and meticulous strategy and execution.
Your comment to this article :
(will be approved by an editor before going online)
Tag cloud Exchange Zagreb sale honest preparing focused least credibility price transparency Stock Racic Indium framework manipulation increasing strategy volume management trading
Austrian holidaymakers are patriots, poll shows
More than one in four Austrians who plan to go on holiday this year will do so in their home country, according to a new poll.
Former Tennis star Iva Majoli no longer living with husband
Former Croatian tennis star Iva Majoli and her husband Stipe Maric have parted ways.
Half of working age population unemployed in Croatia
Only every second able-bodied citizen is working in Croatia. The labour force unemployment rate in Croatia is amongst the highest in Europe.
Croatian software company opens London branch
Three young entrepreneurs from Croatian capital Zagreb are about to take London by storm. Antun Debak, Darko Cengija and Vibor Cipan all in their mid 20s, are the names behind local software company UX Passion, who have just opened a branch in the British capital.
Hackers crash President Josipovic's website
Local members of the hacker group Anonymous, briefly shut down the official website of the Office of the President of Croatia last night (Thurs), writes tportal.
Heroic Brac man takes pregnant woman to Split on speed boat in hurricane winds
With ferries not operating and helicopters not able to fly due to the extreme weather, it was the heroics of a local man on the Dalmatian island of Brac to help get pregnant, Ruzica Mikacic to the hospital on the mainland in Split in time to deliver her baby.
Snow forces postponement of Croatian football league matches
The current snow storms and low temperatures that are gripping the country have forced the postponement of around 18 matches of Croatian football's 1st division.
Croatia knocked out in semi-final of Euro Futsal Championship
The Croatian national futsal team lost 4-2 to Russia in the semi-final of the 2012 UEFA Futsal Championship in front of 12,000 fans in the Arena in Zagreb last night (Thur).
Some Croatian Embassies may close
Although the budget for the Ministry of Foreign and European Affairs (MFEA) should remain the same, Foreign Minister Vesna Pusic has indicated that the closure of some Croatian diplomatic missions was something that was being discussed, reports HRT.
Chocolate Festival begins in Zagreb
Chocofest Zagreb, the first regional festival of chocolate started on the main square in the Croatian capital Zagreb today (Fri).
The most popular stories –
last 7 days
