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Digi’s, Hidroelectrica’s IPO this year to help Romania move to Emerging Market status

By Anca Bernovici
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The recent listing on Romanian capital market of Digi Communications NV, one of the most important telecommunication providers in Romania and Hungary, as well as the possible IPO of Hidroelectrica energy producer, one of the most profitable state-owned companies, will help Romania to upgrade to Emerging Market status, Mircea Ursache, the vicepresident of the Financial Supervisory Authority (ASF) stated on Tuesday.

“The IPO of shares issued by Digi Communication NV is an extension of the interest shown by private issuers for trading on the Romanian capital market. After the success of MedLife, which was listed in December 2016, we have, shortly after, a new private issuer that is trading on the BVB,” ASF official said.

He also stressed that the listing will also change the category of investors interested in a frontier market. According to him, both Digi and MedLife listing help Romania with the assessments that the rating agencies do about Romania.

Ursache says that the main issue of the capital market today is the liquidity and level of market transactions.

According to the specialists on the capital market, Romania is on the last mile to be upgraded to Emerging Markets, a status which is at one’s fingertips to grasp and which will make the economy benefit from massive capital inflows.

BVB kicked off 2017 with new heights in January. The value traded on the main market on equities was the highest January value in the past 6 years.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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