**Ukraine’s Capital Market Development Hinges on Personal Investment Accounts and Pension Funds**
Taras Kozak, founder and president of Univer Investment Group, has emphasized that personal investment accounts and a well-funded pension system are the top priorities for developing Ukraine’s capital market. Kozak, a prominent figure in the country’s investment sector, argues that these initiatives should take precedence over the development of market infrastructure. He believes that without these foundational elements, the broader capital market will struggle to grow and attract investment.
Kozak’s remarks were made during a recent address to investors and financial professionals, where he outlined his vision for the future of Ukraine’s financial landscape. He highlighted the importance of empowering individuals through personal investment accounts, which would allow them to manage their savings more effectively and participate in the capital market. The creation of a sustainable pension system was also noted as crucial, as it would provide long-term financial security for retirees and reduce the burden on the state.
While Kozak acknowledged the significance of market infrastructure, he stated that it should be considered a secondary priority. He noted that the focus should remain on creating the necessary tools and frameworks to enable personal investment and pension savings. This approach, he argued, would lay the groundwork for a more resilient and dynamic capital market.
The comments by Kozak have sparked discussions among financial experts and policymakers about the best strategies for Ukraine’s capital market development. Some have echoed his sentiments, suggesting that the country’s financial stability hinges on fostering private investment and ensuring the sustainability of its pension system. Others have called for a more balanced approach, emphasizing the need for infrastructure development alongside these priorities.
As Ukraine continues to navigate its economic challenges and seek to strengthen its financial systems, the insights provided by Kozak and other industry leaders may play a crucial role in shaping the future of the country’s capital market.