BVB met the Romanian community of London
The recent developments of the Romanian capital market and its perspectives were presented to the Romanian business community based in London during an interactive workshop organized, Wednesday, February 4, 2015, by the Bucharest Stock Exchange (BVB) and the Embassy of Romania to the United Kingdom of Great Britain and Northern Ireland. This meeting builds on the success of the first one on this subject, held on October 2014, and the strong interest in Romania as an investment destination shown by the Romanian business community based in London. All activities are aimed to closer Romanian market to the status of emerging markets. The program of changes is supported by the European Bank for Reconstruction and Development (EBRD), the largest institutional investor in Romania. The development of the capital markets and the stock of credit in local currencies is one of the priorities of the EBRD. Until now, the Bank has invested about € 7 billion in 368 projects in Romania, of which only in 2014, nearly EURO 600 million.
The workshop is part of a series of such events that BVB is organizing in London, on a quarterly basis, for informing institutional investors on the evolutions registered by the Romanian capital market and its strategic objective of being upgraded from Frontier to Emerging Market status. During his speech, HE Dr. Ion Jinga, the Ambassador of Romania to the United Kingdom, sent a message of encouragement for the development of the capital market and to attract new international investors. Ludwik Sobolewski, BVB CEO, updated the guests on the recent developments in the reform on the Romanian capital market, that aim the Emerging Market upgrade, and Lucian Anghel, President of BVB Board of Governors, presented the perspectives of the Romanian capital market.
In addition, the workshop offered the opportunity to exchange of views with 65 representatives of the Romanian business community based in London (young generation, City financial and other business professionals), more than double that the participants at the workshop held on October 2014. Such events will continue to be organized on a quarterly basis and will give investors the opportunity to be updated on the latest developments at the Bucharest Stock Exchange and to liaise with the Romanian capital market’s decision factors. Thus, BVB and market participants engaged in Romania are setting a bridge between Romania as a local stage of numerous initiatives supporting the development of the market and the world-class financial center that London is.
Another conference, under the name of “the Romanian capital market – up the ladder Emerging Market
was held on 6 February 2015 and was organized by the Stock Exchange in Bucharest (BVB), in cooperation with the European Bank for Reconstruction and Development and Bloomberg. The theme of the conference was the recent progress of the Romanian capital market and the pace of reforms necessary to take account of the Romanian market in the such indices like FTSE the S & P Dow Jones and Morgan Stanley Capital International (MSCI) in order to belong to emerging markets.
The event was opened by Jean-Marc Peterschmitt (Managing Director CSEE, EBRD) and Ludwik Sobolewski (BVB CEO). “Romania is a rising tiger of Central and Eastern Europe. Our goal is to reach out to international investors willing to increase their presence on our market and discuss how Romania can become a fully-fledged member of the Emerging Markets family. We also want to hear from the investors about the challenges they might be facing. This is an important dialogue”, said Ludwik Sobolewski.
Mr. Paweł Śliwiński, Managing Director INC S.A., participated in both conferences (director of the only Polish company that received the status of Authorised Adviser AeRO Romanian market), during which presented the company’s operations and discussed the importance INC AeRO market, the need for SME financing through the capital market and the introduction of financing models that have been successful in Poland.
Source: bvb.ro, ebrd.comTags: BVB