Romania has been officially included on the watchlist of countries which have a substantial potential to reach the emerging market status, according to the FTSE Russell decision on Thursday, the Bucharest Stock Exchange (BVB) informs.
“The capital market in Romania has been included on the list of countries which have substantial potential to get the status of emerging market within a short or medium time-frame. It is the consequence of the tremendous progress made in reforming the market infrastructure, according to the objectives set out by the project to remove the barriers impeding the capital market development and by the BVB business strategy,” the stock exchange representatives said.
According to the BVB, the promotion to the upper category will be achieved by meeting the liquidities conditions of the overall market, as well as by the presence in the market of the large companies with significant individual trading values.
“So far, besides the FTSE Russell, another three worldwide important institutions, the MCSI (USA), S&P Dow Jones (USA) and STOXX (Switzerland), respectively, are currently assessing Romanian capital market. The criteria that must be achieved and the analysis process are relatively similar and mainly relate to the transactions value and the traded companies’ dimensions, as well as the fast access of the investors to the capital market and the manner they can buy and sell stocks,” reads the release published on the BVB webpage, signed by CEO Ludwik Sobolewski.
In turn, Chairman of the BVB Board of Governors Lucian Anghel said that this decision is one of the most important moments in the history of the capital market in Romania.