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Tashkent (UzDaily.com) -- Sokrat -Asia, a part of Ukraine’s Sokrat Investment Group, received a license from the State Committee of Property Management of Uzbekistan to carry out professional activity on security trading (broker), the Ukrainian company said in a statement.

Sokrat Investment Group registered Sokrat-Asia in Uzbekistan within framework of its strategy on expansion of business in the CIS States. The company became the first Ukrainian investment group rendering full complex of investment services and carrying out direct investment to developing market of Uzbekistan.

“Uzbekistan is perspective country for investments, high GDP growth rate, government support to stimulation of investment inflow to the country, high potential of internal market and internal stability,”, First Deputy Chairman of the Board of Sokrat Alexander Smaliy said in the statement.

Smaliy said that Uzbekistan Stock Exchange is currently in active development stage and soon privatization process will start. He said that the company sees significant opportunities in new market.

The Sokrat Investment Group was founded in 1994. Currently, it is one of the leading independent players and largest operators on Ukraine’s capital market.

The core business lines of Sokrat are investment banking, asset management, private banking, as well as trade in and custody of securities. Sokrat was the first among Ukrainian investment companies to offer the services of direct investment management, trust management, private banking, and the creation of pre-IPO funds.

Sokrat is a partner of the Vienna Stock Exchange, an IPO partner of the Warsaw Stock Exchange, and an exclusive partner of Global M&A in Ukraine. Within the framework of its partnership with the Warsaw Stock Exchange, Sokrat acts as an investment advisor to Ukrainian companies that seek to attract financing through security placements. The essence of the company’s partnership with Global M&A is a joint collaboration in attracting financing on international capital markets, as well as mergers and acquisition deals.

The results from 2007 have placed Sokrat among the top three stock traders in Ukraine, according to PFTS ratings (the Ukrainian stock exchange system). The company occupies a 8.11% share of the stock market. The volume of trade transactions carried out by the company on the PFTS exceeds US$320 million.