BVB has applied for inclusion in the category of emerging markets

The Bucharest Stock Exchange expects the Romanian government to push ahead with state-asset sales this year, helping the bourse boost trading volumes needed to achieve an upgrade to emerging-market status. BVB currently trying to include in the list of countries to be awarded the status of emerging markets. “We already fulfil the criteria,” Sobolewski said in an interview in London. “All our efforts are aimed at getting on the watch list if not this year, then next year. In the meantime, we want to have a deeper market for equities, which will be fueled by the privatization program.” For this purpose, the bourse has been simplifying trading procedures and easing market access for companies in a bid to become a hub for trading in central and eastern Europe. An upgrade of Romania’s stock market could draw more investors because MSCI’s gauges are tracked by investors managing about $9.5 trillion globally. The opening of a new trading system at the end of this month that would let companies with a capitalization above 250,000 euros ($285,800) trade shares and raise money from investors, will encourage listings from a wider variety of companies, Sobolewski said. Sources: bloomberg.com, wall-street.roTags: ,