Press releases

• The names of the 15 companies designated as finalists at the BVB Arena 2024 edition were disclosed last night at the already renowned Gala in the framework of the BVB Arena project organised by the Bucharest Stock Exchange. We would like to remind you that BVB Arena was launched in April 2024 and is the stock exchange program initiated as early as 2017 under the name Made in Romania, a program dedicated to identifying and promoting successful local entrepreneurial companies.
• 3 of the 15 companies that made it to the finals were designated by public vote, whereas the other 12 companies were selected by the Program Jury consisting of specialists from various activity areas.
• www.bvbarena.ro is the online platform of the BVB Arena Program, where Romanian entrepreneurs can meet investors, consultants and other entrepreneurs.

We are pleased to present you the winners of the BVB Arena 2024 Program, previously known as ‘Made in Romania’ and launched this April by the Bucharest Stock Exchange (BVB) under a new identity and new name: ‘BVB Arena’. The new identity and the new name visually place this iconic program dedicated to Romanian entrepreneurs under the umbrella of BVB projects. Moreover, they reinforce BVB’s committed mission to position itself as the main financing channel for Romanian companies and to promote companies that contribute to the development of the local economy, encouraging them to be part of the BVB ‘Arena’.

It is about 15 Romanian companies active in various business sectors that are particularly significant to the economy: constructions, agriculture, education, transport, IT&C, food industry and others.

As of today, 23 September, the BET index, as the main index of the Bucharest Stock Exchange (BVB), will have two new companies. These are Antibiotice Iasi (ATB) and Premier Energy (PE).

With a rich history and experience in the production of drugs, for over seven decades, Antibiotice is the main Romanian producer of generic drugs and is a company present on the capital market for over 27 years, its development being closely related to its path on BVB, considering that it is one of the first companies listed on the stock exchange. On the other hand, Premier Energy, an electricity producer, balancer, distributor and supplier and natural gas supplier and distributor, has been listed on BVB this May, following the largest IPO made by a Romanian entrepreneurial company in the past 5 years.

• The Ministry of Finance (MF) attracted almost RON 1.7bn and over EUR 311mn through five issues of government bonds for retail investors (Fidelis), within the fourth offer held this year on the capital market.
• This is the largest amount raised by the Ministry of Finance through a public offering for Fidelis government bonds.
• The number of subscription orders placed reached a record of over 20,300, marking the first time that the 20,000 order threshold has been exceeded.
• Blood donors bought Fidelis government bonds worth RON 202mn, at an interest rate of 6.8% p.a.
• Through the 18 offers held since August 2020, the Ministry of Finance attracted almost RON 35bn (EUR 7.1bn) from the retail investors.

The Ministry of Finance (MF) attracted almost RON 1.7bn and over EUR 311mn (values totaling over RON 3.2bn – EUR 650mn), through the fourth primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.

• The global index provider FTSE Russell released on Friday, 23 August, the indicative results of their semi-annual review that will become effective starting September 2024.
• The shares of the Transport Trade Services (TTS) company will be included in the FTSE Global All Cap indices, as a Small Cap.
• Thus, as of September, Romania will have 9 companies included in the FTSE Global All Cap indices.

On Friday, 23 August, global index provider FTSE Russell made public the announcement of their semi-annual review indicative results that will become effective as of 23 September 2024. According to the announcement available at this LINK, the shares of the Transport Trade Services goods carrier (ticker symbol TTS), a company listed on the stock exchange since July 2021, with a market capitalization now reaching RON 1.45 billion and the company with the highest return from the BET-XT index last year, will be included in the FTSE Global All Cap indices.

• Disclosure and quality of transparency are important factors for listed companies.
• Current findings of issuers monitoring were considered when revising the Bucharest Stock Exchange Corporate Governance Code.

The shares of three companies listed on the Bucharest Stock Exchange will be included in the MSCI Frontier and MSCI Romania indices: Premier Energy, Electromagnetica and Iproeb Bistrita. Romania's equity market presence in the MSCI indices will increase to 32 companies, starting on September 2, 2024, following the quarterly index review conducted by global index provider MSCI in August this year.

• August 12 is the first trading day for Simtel Team shares on the Main Market of the Bucharest Stock Exchange, under the stock ticker SMTL.
• Simtel shares have recorded a return of 221% during the three years of presence on the AeRO market.
• Simtel Team is the sixth company to move from the AeRO market to the Main Market of Bucharest Stock Exchange.

JT Grup Oil, a company active in the fuel distribution market and the developer of the newest private terminal for petroleum products in Romania in the port of Constanta, debuted today, August 6, on the AeRO market of the Bucharest Stock Exchange (BVB), under the stock ticker JTG. The listing of the company takes place after an IPO, the third held on the AeRO market, after which the company managed to attract RON 19.9 mn from investors. The anticipated market capitalization of the company is RON 186.1 mn.

• Bucharest Stock Exchange is launching BET-EF, the first index dedicated to the best represented sectors on the Main Market. The index starts from the value of 1,000 points.
• The starting structure of the BET-EF index includes 11 companies from the energy, utilities and financial sectors, excluding investment funds.
• Romanian energy, utility and financial companies, listed on the Main Market, represent approximately 58% of the regulated market capitalization.

• Hidroelectrica marcheaza un an de la listarea sa la Bursa de Valori Bucuresti, in iulie 2023 sub simbolul bursier H2O, in urma incheierii cu succes a celui mai mare IPO realizat vreodata la bursa, in valoare de 1.9 miliarde de Euro
• In tot acest timp, actiunea Hidroelectrica este cea mai tranzactionata actiune la bursa. Investitorii au realizat peste 213.000 de tranzactii cu peste 43 milioane de actiuni Hidroelectrica, in valoare de peste 5 miliarde de lei
• In decursul primului an la bursa, randamentul de pret al actiunii H2O a fost de 24%, in timp ce randamentul total, ce include dividendele, a fost de 37%;
• Hidroelectrica este cea mai mare companie romaneasca in functie de capitalizare, care, la finalul zilei de 11 iulie 2024 era de 57.89 miliarde de LEI.
• In acest moment, compania ocupa a 3-a cea mai mare pondere in indicele principal al pietei, indicele BET
• Actiunile companiei sunt incluse in indicii FTSE Russell pentru Piete Emergente si in indicii MSCI

Hidroelectrica (H2O), lider in productia de energie electrica si principalul furnizor de servicii tehnologice necesare in Sistemul Energetic National, aniverseaza astazi un an de la listarea sa istorica din anul 2023 la Bursa de Valori Bucuresti (BVB). Pe 12 iulie 2023, actiunile H20 debutau la tranzactionare in urma incheierii cu succes a celei mai mari oferte publice initiale (IPO) realizata vreodata la BVB intr-o operatiune care a atras in total 9.28 miliarde RON (1.87 miliarde EUR sau 2.04 miliarde USD) pentru 89.7milioane de actiuni reprezentand 19.94% din numarul total de actiuni. Oferta Hidroelectrica, derulata la BVB in perioada 23 iunie – 4 iulie 2023, a devenit, astfel, cea mai mare oferta din Europa si a patra cea mai mare din lume luand in calcul IPO-urile realizate in anul 2023.

In prezent, Hidroelectrica este cea mai mare companie romaneasca in functie de capitalizare care, la finalul zilei de ieri era de 57.89 miliarde de LEI, in crestere cu 24% fata de capitalizarea companiei de la momentul IPO-ului. Actiunile companiei Hidroelectrica au fost incluse in indicii BET, BET-TR, BET-TRN, BET-XT, BET-XT-TR, BET-XT-TRN, BET-BK, BET-NG si BET Plus inca din prima zi de tranzactionare a companiei pe Piata Reglementata a BVB. In cadrul indicelui BET, indicele principal al pietei de capital din Romania, compania are a 3-a cea mai mare pondere. Dimensiunea semnificativa a IPO-ului Hidroelectrica a atras inlcuderea sa in indicii FTSE Russell pentru Piete Emergente si in indicii MSCI, imediat dupa listarea companiei la BVB.

• The 50 semi-finalist companies of the program were selected by the members of the BVB Arena Nominations Committee.
• Between 8th and 31st of July, the public will be able to choose 3 of the 15 finalists of the BVB Arena 2024 edition, by voting on the www.bvbarena.ro platform.
• The semi-finalist companies were selected from the companies nominated in the first stage of the program. This year were 440 nominations, out of which 409 were valid.
• Most of the nominated companies operate in commerce, followed by those in the IT&C sector, food and manufacturing industry.

• The Ministry of Finance (MF) attracted over RON 2 bn from the population in the June 2024 edition of the Fidelis program.
• Blood donors bought Fidelis government bonds worth almost RON 274 mn, at an interest rate of 7% p.a.
•  The government bonds issued in this offer were listed on Thursday, July 4, at the Bucharest Stock Exchange, where they are traded transparently, through authorized brokers.

• The Ministry of European Investments and Projects (MIPE) launches today a new call for projects "Listing on the stock exchange of enterprises", dedicated to Romanian companies with majority private capital, which want to be financed through the capital market and listed on the Bucharest Stock Exchange (BVB).
• Companies can apply for financing until 2025, from 7^th of June 2024 to May 31^st, 2025, and can obtain financing ranging from EUR 70,000 to a maximum of EUR 300,000, depending on the BVB’s market on which they are listed.
• The total amount of financial support available for companies interested in attracting capital through a public offer or a private placement and listing on the Bucharest Stock Exchange amounts to EUR 38.2 mn.
• Funding applications are submitted online on the https://proiecte.pnrr.gov.ro  platform and are evaluated according to the "first come, first served" principle.
• The call for projects "Listing on the stock exchange of enterprises" is financed by the National Recovery and Resilience Plan and from the state budget.

Sphera Franchise Group (BVB symbol:SFG), the largest group in the foodservice industry in Romania, which operates KFC, Pizza Hut and Taco Bell restaurants in a franchise system, benefits from the 4^th of June of the Issuer's Market Maker services offered by BRK Financial Group. Sphera Franchise Group was listed in 2017 on the Main Market of the Bucharest Stock Exchange, and currently has a market capitalization of RON 1.3 bn (EUR 268 mn).

Glissando Garden Center (BVB ticker: GGC), a company active in the Romanian Home & Garden sector and the largest in the West side of the country specialized in the trade of flowers, plants and garden items, debuted today, 3^rd of June, on the Bucharest Stock Exchange’s AeRO market. It is the third company to list on the stock exchange since the beginning of the year and the second on the AeRO market.

InterCapital Asset Management, Croatia’s largest independent asset manager with EUR 500mn in assets under management, lists today, May 29, the first ETF (Exchange Traded Fund) on the Bucharest Stock Exchange that tracks the performance of the BET-TRN index, which reflects both the price evolution of the most important Romanian companies listed on the stock exchange, as well as the reinvestment of the net dividends paid by them. InterCapital BET-TRN UCITS ETF is traded on BVB under the stock ticker ICBETNETF and started at a price of RON 74,63/fund unit.

• The electricity producer, balancer, distributor and supplier and natural gas supplier and distributor, Premier Energy conducted an initial public offering between 8 and 15 May, which attracted RON 695 million (almost EUR 140 million).
• It is the largest IPO made at the Bucharest Stock Exchange by an entrepreneurial company in the past five years.
• The offering consisted of the sale of 35.9 million shares, of which 25 million newly issued shares, 6.25 million shares sold by the sole shareholder and 4.7 million overallocated shares. The offering price was set to RON 19.5 per share.
• The retail investors were allocated a 20% rate of the offer and, during the offer, placed orders of RON 1.1 billion for a number of 51 million shares.
• As of 28 May, investors may trade company shares under the PE ticker symbol by means of authorised brokers; their list can be found here.

Premier Energy (symbol: PE), an electricity producer, balancer, distributor and supplier and natural gas supplier and distributor, debuts today on the Bucharest Stock Exchange (BVB), following the successful conclusion of an IPO worth RON 695 million, the largest IPO of an entrepreneurial company on the BVB, in the past 5 years. In the offering that preceded the IPO, between 8 and 15 May, 35.9 million shares were sold, of which 25 million newly issued shares, 6.25 million shares sold by the sole shareholder and 4.7 million overallocated shares. The retail investors were allocated a 20% rate of the offer and, during the offer, placed orders of RON 1.1 billion for orders totaling 51 million shares.  

• The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI
• Romania will thus have, from 1^st of June 2024, a number of 30 listed companies part of the MSCI indices.

Romania's equity market presence in the MSCI indices will increase to 30 companies from 1^st of June 2024, following the quarterly index review conducted by global index provider MSCI in May this year.

The shares of Digi Communications (DIGI) will be included in the MSCI Frontier and MSCI Romania, indices only including companies from the Mid Cap and Large Cap categories, according to the announcement available at this LINK.

The shares of Alro (ALR), IAR SA Brasov (IARV) and Impact Developer and Contractor (IMP) will be included in the indices MSCI Frontier IMI and MSCI Romania IMI, according to the announcement available at this  LINK.

• Romanian market’s corporate governance code is to be reviewed
• Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) will work together on the review
• Revised code to be released by end-2024

The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) and the will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards.

This joint initiative is designed to help listed companies improve their governance and reporting quality, by aligning with EU regulatory changes affecting governance structures, the latest G20/OECD Corporate Governance Principles and best practice in the field. The updated code is expected to provide guidance on emerging issues in governance and reflect the evolving priorities of stakeholders and enhancing their corporate resilience in a rapidly changing world.

• The Ministry of Finance (MF) attracted RON 1.27bn and EUR 383.6mn through five issues of government bonds for retail investors (Fidelis), the largest amount raised by the Romanian State through this type of securities.
• Blood donors bought Fidelis government bonds worth over RON 266mn, at an interest rate of 7% p.a.
• Through the 16 offers held since August 2020, the Ministry of Finance attracted almost RON 29.5bn (EUR 6bn) from the retail investors.
• The Government bonds are traded on the Bucharest Stock Exchange transparently, through authorized intermediaries.

• Bucharest Stock Exchange launches today a new edition of the program dedicated to promoting Romanian entrepreneurial companies, which will be called BVB Arena from this year onwards. The transformation that the program undergoes reinforces the mission of Bucharest Stock Exchange to position itself as the main financing channel for Romanian companies and to promote companies that contribute to the development of the local economy
• All details about the BVB Arena and the new online platform of the program can be found at www.bvbarena.ro
• The launch event also comprised the presentation of the book with the 15 success stories of the Romanian companies that were finalists in the previous edition of the program

As of today, BVB Arena has been launched on the Bucharest Stock Exchange (BVB). What is BVB Arena? BVB Arena is the stock exchange program initiated as early as 2017 under the name Made in Romania, a program dedicated to identifying and promoting successful local entrepreneurial companies. With the launch of the new edition at the event that took place today, the new name and visual identity of the program were presented. The new identity and the new name, i.e. BVB Arena, visually places this iconic program dedicated to Romanian entrepreneurs under the umbrella of BVB projects. Moreover, they reinforce BVB’s committed mission to position itself as the main financing channel for Romanian companies and to promote companies that contribute to the development of the local economy, encouraging them to be part of the BVB ‘Arena’. BVB Arena, through its online platform www.bvbarena.ro, will continue to be the place where Romanian entrepreneurs can meet investors, consultants and other entrepreneurs.

• The European Bank for Reconstruction and Development (EBRD), Bucharest Stock Exchange (BVB), and VERTIK announce the conclusion of the support programme for improving investor relations and increasing the liquidity of shares listed on the stock exchange, "Investor Relations and Liquidity Support";
• The three companies that were selected, Societatea Energetica Electrica (BVB symbol: EL), BRK Financial Group (BVB symbol: BRK) and the building materials holding ROCA Industry (BVB symbol: ROC1), have made visible progress in their IR (Investor Relations) activities;
• ”Investor Relations and Liquidity Support Programme" was initiated by the European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) and coordinated by Daniela Maior (Serban) in January 2023;
• The programme was financially supported by KTACF - Capital Markets Development Technical Cooperation Programme, funded by the Government of Korea, which covered 80% of the consulting service costs provided for the selected companies.

• The second edition of the Forum Moldova – Romania: Capital Bridges was organized to boost economic and capital markets cooperation in the two countries.
• The event took place in the context of the negotiations of the Republic of Moldova to join the European Union.
• The dynamics of recent years demonstrate that the Romanian capital market can support consistent financing rounds carried out both by entrepreneurs and public institutions, as well as by companies from the Republic of Moldova.

Bucharest Stock Exchange in association with maib, the largest bank in the Republic of Moldova, Wood&Co, Raiffeisen Bank International, with the support of the Government of the Republic of Moldova, AmCham Romania and EBA Moldova, announce the organization in Bucharest, on March 27, of the second edition of the forum Moldova – Romania: Capital Bridges. The purpose of the event is to boost economic and capital markets cooperation in the Republic of Moldova and Romania, in the context of Moldova's European Union accession negotiations. The forum will address topics such as macroeconomic reforms, investment opportunities and progress in the banking sector of the Republic of Moldova, in the context of EU candidate country by European Council decision of 23 June 2022.

ETF BET Patria-TradeVille (BVB ticker:TVBETETF), the first Exchange Traded Fund in Romania, listed on the Bucharest Stock Exchange, reached an asset of RON 220.5 million in mid-March, an increase of more than 13 times in the last three years. The number of investors in the fund also increased more than 12 times in these three years, from 1,483 at the end of February 2021 to 18,265 investors in February 2024. The fund's return was 33.4% in 2023 and 69.6% over the past three years.

Transilvania Investments Alliance (TRANSI), a company listed on the Bucharest Stock Exchange (BVB) for 25 years, will benefit from the BRK Financial Group's Issuer Market Maker services as of today, 14 March.

Transilvania Investments Alliance is one of the largest investment funds in Romania with a long tradition on the BVB. The company has been listed on the Regulated Market of the Stock Exchange since 1999 and, two years ago, i.e. on 14 March 2022, the company's shares made their entry to the stock exchange under the new stock exchange ticker symbol TRANSI, following the rebranding process that also included a change in the company's name. The company currently has a market capitalisation of RON 702 million.

ROCA Industry (BVB:ROC1), a Romanian construction materials holding company listed on the Main Market of the Bucharest Stock Exchange (BVB), benefits as of today, March 12, from the Issuer Market Maker services provided by BRK Financial Group. ROCA Industry has been present on the capital market since January 2022, following the listing on BVB's AeRO market, and from March 11, 2024, it became a Main Market listed company. The company closed the first trading day on the Main Market with a market capitalization of RON 216.3 mn.

• March 11^th is the first trading day of ROCA Industry shares on the Main Market of the Bucharest Stock Exchange, under the ticker symbol ROC1
• The value of the company increased by 23% in the two years of presence on the AeRO market, and at the time of transfer the company had a capitalization of RON 234,7 mn
• In the last year, ROC1 shares were in the top 10 liquidity on the AeRO market and were in the top 5 in the BETAeRO index as weight
• ROCA Industry is the fifth company to move from the AeRO market to the Main Market of Bucharest Stock Exchange

• The Ministry of Finance (MF) attracted RON 844mn and EUR 190mn through five issues of government bonds for retail investors (Fidelis), within the first offer held this year on the capital market.
• Blood donors bought Fidelis government bonds worth over RON 135mn, at an interest rate of 7% p.a.
• Through the 15 offers held since August 2020, the Ministry of Finance attracted over RON 26.2bn (EUR 5.3bn) from the retail investors.
• The Government bonds are traded on the Bucharest Stock Exchange transparently, through authorized intermediaries.

The Ministry of Finance (MF) attracted RON 843.9mn and EUR 190.5mn (values totaling RON 1.8bn – EUR 360.3mn), through the first primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.

‘There are several positive aspects that I noted at the end of each of the last Fidelis editions. First of all, it is obvious that the awareness degree of the advantages of investing their savings has increased among Romanians. On the other hand, I am glad that investors' confidence in our ability to offer advantageous instruments is maintained, but also that we manage to play a prominent role in the development of the local capital market. Perhaps most importantly, the spirit of solidarity of the donor-investor community has established itself. Even though we reduced the subscription period by a week, they still exceeded the number of all editions: 1,405 persons donated blood and saved more than 4,200 lives, and also heaving the best offer of the issuance’, stated Marcel Bolos, Ministry of Finance.

‘The State is an important partner of the capital market, both through the support it offers, through its institutions, in the steps we undertake to accelerate the development of the market, and through this consistency in carrying out Fidelis government sales offers by The Ministry of Finance. These government bonds have, on the one hand, a component of diversification of funding sources by the Treasury, and, on the other hand, they are a financial education tool for many Romanians who, by investing in Fidelis, take a first step in the world of investment. These aspects weighed heavily in our decision to award the Ministry of Finance for this consistency in the Fidelis government bond issue’, said Radu Hanga, Bucharest Stock Exchange President.

‘We congratulate the Ministry of Finance, the brokerage syndicate and their media partner RockFM for the success of a new issue of Fidelis government bonds and for this symbiosis of the tranche dedicated to donors, between the social and the investment component. The offer of financial instruments available for investment on the Bucharest Stock Exchange increases with each new listing, of equity or bonds, and in recent years it has diversified a lot, through the more than 190 listings, including the municipal bonds that start to be issued by local authorities. The range of financial instruments will expand even more with the operationalization of CCP.RO Bucharest and the relaunch of the derivatives market, for which the Financial Supervisory Authority approved the authorization request’, said Adrian Tanase, Bucharest Stock Exchange CEO.

• The bond issue has a value of EUR 8.8mn and a maturity of ten years.
• This is the first issue of green bonds of a local administrative authority in Romania.
• The municipality was assisted in the private placement by BRK Financial Group, as intermediary, and VMB Partners, as financial consultant.

The first green municipal bonds on the local capital market, issued by the Municipality of Resita, debuted on the Bucharest Stock Exchange (BVB), on Tuesday, March 5.

The listing of the bonds of the Municipality of Resita (RES33E) was carried out following a private placement in November 2023, during which the municipality raised EUR 8.8mn, through the issuance of 88,296 bonds, non-convertible, guaranteed and denominated in EUR.

• At the BVB Awards 2024, 19 prizes were granted to the companies active on the stock market, intermediaries, investment and pension funds administrators, and journalists, for their achievements in the 2023 trading year.
• This is the 11th edition of the BVB Awards when the Bucharest Stock Exchange is granting awards to the performers on the local stock market.
• The winners of the BVB Awards 2024 are: AROBS Transilvania Software, Banca Transilvania, BENTO - 2B Intelligent Soft, BCR, BRD, BRK Financial Group, BT Asset Management, BT Capital Partners, Fondul Proprietatea, Hidroelectrica, Metropolitan Life Pensii Private, Ministerul Finantelor, NN Asigurari de Viata, OMV Petrom, Tradeville, TTS - Transport Trade Services  and the journalist Tibi Oprea.

Today, on the 11th edition of the BVB Awards, the Bucharest Stock Exchange (BVB) has granted 19 awards to listed companies, brokerage companies, as well as to private pension and investment funds for their achievements in 2023. The event which spotlighted the performers of the local capital market in 2023 is organised following their achievements recorded in the previous year.

• The shares of Electrica SA (EL) will be included in the FTSE Global All Cap indices.
• Romania will thus have, from March 2024, 15 companies included in the FTSE Russell indices dedicated to emerging markets.

The shares of Electrica SA (EL), a Romanian energy company listed on the Bucharest Stock Exchange, will be included in the FTSE Russell indices dedicated to emerging markets starting from March 18, 2024. Electrica’s shares will enter the FTSE Global All Cap indices as a Mid Cap, as announced by the global indices provider on February 27, following its quarterly indices review.

• AROBS Transilvania Software (AROBS) shares will be included in the FTSE Micro Cap index.
• Romania will thus have, from March 2024, 14 companies included in the FTSE Russell emerging markets indices
• Seven companies are included in the FTSE Global All Cap indices and from 18 March the number of companies included in the FTSE Global Micro Cap indices will increase to seven.

The shares of AROBS Transilvania Software (AROBS), the largest Romanian technology company listed on the Bucharest Stock Exchange, will be included in the FTSE Russell Emerging Markets Index from 18th of March 2024. AROBS shares will be included in the FTSE Micro Cap index structure, as announced by the global index provider on 16 February following its quarterly review.

Thus, Romania will have 14 companies included in the FTSE Russell Emerging Markets Indices from 18 March (seven in the FTSE Global All Cap Indices and seven in the FTSE Global Micro Cap Indices).

• During January, the market capitalisation of companies listed on the Main Market and AeRO Market of the Bucharest Stock Exchange peaked at RON 321 billion (EUR 64.5 billion).
• The total value of trades in all instruments on the Main Market and AeRO amounted to RON 1.7 billion, up 152% compared to the same month in 2023.
• The average daily trading liquidity in the first month of 2024 was over RON 87 million.
• Capital market financing continued in the first month of the year.
• The main BET index reached a new all-time high. The index climbed in January for the third consecutive month.
• The number of investors continued to grow and reached 178,000 at the end of last year, according to FCI data.

Radu Hanga, BVB President:

“The capital market continued in January 2024 the positive trend of 2023, which highlights the interest of investors in the opportunities offered by the economy, the entrepreneurial environment and listed companies. The activity in financing rounds through the Bucharest Stock Exchange continues and we have already had the first listing this year, a €76 million municipal bond issue by Cluj County Council, and the signals we are receiving are that listings will continue”.

Adrian Tanase, BVB CEO:

“At the beginning of 2024, the Romanian stock market recorded new records in terms of capitalization of listed companies and the level of the main BET index, continuing the positive trend of the previous year. We recorded an average daily value of transactions with all instruments, both on the Main Market and on the AeRO market, of RON 87 million, among the highest values recorded in January of the last years.”

Bittnet Systems (ticker symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), is listing a new issue of stock exchange bonds on Friday, 2 February 2024, worth 10 million lei.

The newly issued Bittnet instruments will be traded on the Regulated Market of the BVB under the symbol BNET28. Apart from today’s bond issue, Bittnet has a further two bond issues listed with the BVB, denominated in EUR and the national currency (symbols: BNET26E and BNET27A). The three bond issues are worth a cumulated 25 million lei, approximately.

• 18 January 2024 is the first trading day for the bonds issued by Cluj County Council on the Bucharest Stock Exchange
• The bond issue took place under a private placement, concluded in December last year. The amount raised from investors was 76 million EUR.
• The consortium that brokered the private placement included BT Capital Partners, Alpha Bank Romania and Raiffeisen Bank Romania. VMB Partners acted as financial advisor to the issuer