Fondul Proprietatea reiterates its commitment to listing on London Stock Exchange


Franklin Templeton, Fund Manager of Fondul Proprietatea expressed its disappointment that the Romanian Financial Supervisory Authority (ASF) has failed to approve the new regulation regarding the listing of funds on foreign European Union Markets through the Depositary Interests (“DIs”) of ...

Read More »

BVB set to become a financial hub in the region


The Bucharest Stock Exchange, ranked as one of the world’s best-performing, and its new largest shareholder, European Bank for Reconstruction and Development (EBRD), have set their sights on becoming a financial hub for the region. They eye MSCI emerging-market status ...

Read More »

ZEW-Erste: Romania’s economic prospects for the next six months get better


In November 2014 economic expectations for Central and Eastern Europe (CEE) are improving. According to a recent ZEW-Erste Group Bank survey, the Economic Sentiment Indicator for the CEE region has gained 5.5 points and reaches a level of 12.5 points. ...

Read More »

EBRD becomes BVB’s shareholder, acquiring an equity stake of almost 5 pc


As part of the strategy to promote the development of Romania’s capital markets, European Bank for Reconstruction and Development (EBRD) has acquired a 4.99 percent stake in the Bucharest Stock Exchange (BVB), ‘demonstrating its support for Romania’s comprehensive efforts to ...

Read More »

Election, no affect on Romania’s credit rating. No significant movement on capital market


Klaus Iohannis’s presidential election victory over current prime minister and leader of the Social Democratic Party, Victor Ponta, has no immediate effect on Romania’s sovereign credit ratings of BBB-/Stable/A-3, according to Standard & Poor’s (S&P) rating agency. “That said, the ...

Read More »

Conpet, on Proprietatea Fund sales list. First package sold for nearly RON 100 M


Proprietatea Fund (FP) continues its strategy of selling important assets in the portfolio. Thus, FP sold 23.6 percent of oil product transport company Conpet based in Ploiesti on the Bucharest Stock Exchange (BVB) via a private placement, in a transaction ...

Read More »

Electrica shares to be included in MSCI frontier markets index


Morgan Stanley Capital International (MSCI) decided, in its November Semi?Annual Index Review for the MSCI Equity Indexes, to include Electrica (EL) shares to MSCI Frontier Markets Index. The inclusion will be implemented as of the close of November 25, 2014, ...

Read More »

Electrica shares have a new market maker


Starting November 6, 2014, Electrica shares will benefit of the market making services from the intermediary Wood & Company. According to a press release, Wood & Company joined the BVB Market making Program since its launch, in January 2014. At ...

Read More »