Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Listing of companies on local capital market represents...

Listing of companies on local capital market represents important factor for stability of Romanian economy

August 20, 2024

The listing of companies on the Bucharest Stock Exchange (BVB) represents an extremely important factor for the consolidation and development of the local capital market, but also for the stability of the Romanian economy, according to a press release from the Financial Supervisory Authority (ASF).ASF reminds, in the context, that it is running an extensive process of modernization of the regulatory framework, which will lead to the consolidation of the role of the capital market at the level of the national economy, and places special emphasis on the implementation of the provisions included in the National Strategy regarding the development of the capital market in Romania for the period 2023-2026."The success of Hidroelectrica's listing constitutes a firm impetus for the entry of new players into the stock market, the capital market needing, in order to develop healthily, strong and fair competition," said Alexandru Petrescu, the president of the ASF, in the quoted press release.Hidroelectrica recently marked one year since its listing on the BVB, the largest initial public offering (IPO) in the history of the local stock exchange, an approach that significantly contributed to increasing confidence in the potential of the capital market. The admission to the stock market of the energy producer attracted investors, retail and international, from all corners of the world and strengthened the BVB's position as an important player in the region.According to the cited source, Hidroelectrica's presence at the BSE encouraged other Romanian companies to consider listing, increasing the liquidity and diversity of the capital market. The successful listing of the energy producer is a strong argument for continuing to support single listings, ASF representatives believe."The listings are also important from the perspective of attracting investors to Romania and show that the Romanian market can lead to success stories in financing. The listing on the Romanian market brings greater exposure of Romanian companies and from the perspective of the image," stated Gabriela Horga, deputy chair of ASF, coordinator of the Financial Instruments and Investments Sector.One of the concrete steps taken by the Authority to improve the conditions for listing on the capital market or for attracting capital was the introduction of provisions related to the reduction of the term for exercising the right of preference or the process of registering an increase, in the draft amendment to the Law 24/2017 regarding the issuance of financial instruments and market operations, approved by the ASF Council and sent to the Ministry of Finance.

Read in full - click here
Junot Díaz, Tracy Chevalier, Michel Bussi: Iași literature festival announces first guests at 2025 edition

Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]

A Taste of Nature: Michelin-Starred Chef Theodor Falser brings his culinary artistry to JW Marriott Bucharest

Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]

Government: IMF backs Romania’s fiscal measures, sees 1% GDP growth in 2025

The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]

Romanian theater stages robot-only performance exploring technology and e-waste

The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]

Emmy Stoel appointed as the new General Manager of InterContinental Athénée Palace Bucharest

With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]

Update: Six knives found on woman trying to enter Romanian Parliament

Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...