Hidroelectrica and CEC Bank’s IPOs are decisive for the growth needed to ensure the emerging market status from the global index provider MSCI, says Adrian Tanase, general manager of the Bucharest Stock Exchange (BVB).
Romania has already received this status from FTSE and will attract investors from September, when the decision will come into force. “For greater relevance, the share of GDP of the Romanian companies listed on the stock market should double and reach 20% in the next 10 years, and this can be achieved through the involvement and support of the state authorities,” explained Tanase, according to a BVB report.
The BET stock index, which includes the 16 most traded companies listed, with the exception of the SIFs, increased by 35% in 2019, the highest growth rate in the last decade obtained by the Romanian stock market and the second most important advance of the last year among the stock exchanges in the European Union, according to the Stock Exchange Report, quoted by Agerpres.
“The BET index, which includes the 16 most traded companies listed, with the exception of the SIFs, increased by 35% in 2019. It is the highest growth rate of the last decade obtained by the Romanian stock exchange and represents the second biggest advance from 2019 from the stock exchanges in the European Union. Taking into account the dividends, the advance is of 47%,” says the quoted document.
At the European Union level, Romania was only surpassed by Greece (+ 49%).