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Bucharest Stock Exchange launches International Investors Guide to promote Romania as investment destination

4/19/2018

  • Alongside BVB, the European Bank for Reconstruction and Development (EBRD), Banca Transilvania and KPMG Romania contributed on different topics to the International Investors Guide
  • Adrian Tanase, BVB CEO: We aim to make the local capital market even more attractive to foreign investors by improving market mechanisms and introducing new financial instruments
  • Lucian Anghel, BVB President: One of the best business cards for Romania is the capital market itself, which has generous dividend yields and ranks first considering the growth pace reported by the main indices of the stock exchanges within the European Union

 

Bucharest Stock Exchange (BVB), the most important institution of the local capital market, has worked together with the European Bank for Reconstruction and Development (EBRD), Banca Transilvania and KPMG Romania to issue a new edition of the International Investors Guide in order to promote Romania as a key investment destination. The Guide includes extensive information on the macroeconomic climate, investments and the local capital market, news regarding market reforms and infrastructure, while also covering tax aspects of stock market investments for foreign investors. The Guide is available on BVB website here and on InvestingRomania.com platform here.

"We aim to make the local capital market even more attractive to foreign investors by improving market mechanisms and introducing new financial instruments. We are working for launching the derivatives market and finding the best solution for a CCP, while supporting the Romanian entrepreneurs to finance their success stories through the capital market," said Adrian Tanase, BVB CEO.

Romania is on the radar of foreign investors due to the performance that the capital market has consistently reported at European level. In September 2016, Romania was included on the FTSE Russell Monitoring List of countries with substantial potential to be promoted to the Emerging Markets category. For Romania, the promotion to this status depends on the increase of the market liquidity and the presence in the market of large and very large listed companies.

"One of the best business cards for Romania is the capital market itself, which has generous dividend yields and ranks first considering the growth pace reported by the main indices of the stock exchanges within the European Union," stated Lucian Anghel, President of the Board of Governors of BVB.

Romania is in a favorable position in Europe and worldwide as far as it concerns both the macroeconomic level and the capital market. Last year's economic growth was the highest since 2008 and the gross dividend yields from the main listed companies on BVB were among the largest in the world last year, according to analysts. BET Total Return index (BET-TR), which includes the dividends paid by the most traded companies on BVB, surged by 19% in 2017, one of the fastest growth rates among the 24 countries from MSCI Frontier Markets Index.

In the first quarter this year, the Romanian capital market continued to perform and gain a plus of 12.4% for BET index, the highest growth pace among the main stock market indices in the European Union. Also in the first quarter, BVB hosted a new IPO as Purcari Wineries, one of the most important wine producers in Central and Eastern Europe, went public.

BVB, together with the authorities and stakeholders of the capital market, is constantly working on improving the investment climate, focusing on facilitating investor access to the market and tax compliance, reducing market costs, enhancing investor rights and corporate governance, simplifying market procedures for Main Market for equities and bonds and developing the market infrastructure.