A competitive economy depends on functional and mature energy and capital markets, because they are interdependent. Furthermore, economic development depends simultaneously on the cost of energy and the ability to finance long-term projects, emphasized Răzvan Szilagyi, Chief Financial Officer of the Bucharest Stock Exchange, at the Energy Strategy Summit 2026, organized by Energynomics.
“I believe it is very difficult to have a competitive economy without a competitive energy market and without a well-functioning capital market behind it,” Szilagyi stated.
The BSE official stated that there are significant financial resources in the economy that can support investments in energy and infrastructure, and that these must be attracted through efficient market mechanisms. He noted that the Bucharest Stock Exchange has surpassed a market capitalization of over 600 billion lei and that the investor ecosystem continues to expand, including over 300,000 retail investors and approximately 2 million active investors in total. Szilagyi highlighted the role of pension funds, with assets of approximately 220 billion lei, as well as investment funds, as important sources of capital for energy and infrastructure projects.
“There is money waiting for you. A financial ecosystem has developed that is willing to finance long-term projects,” he said.
In his view, the capital market is naturally aligned with the energy sector, as both operate on extended investment horizons and require projects with returns that are sustainable over time. Szilagyi emphasized that, beyond financing through bank loans, companies have multiple sources of capital at their disposal, including stock market listings and bond issuances—instruments that will become increasingly important in the coming years.
Energy Strategy Summit 2026 a fost organizat de Energynomics, cu sprijinul partenerilor noștri: Elektra Renewable Support, 4P Renewables, ABB, Alive Capital, Atmoce, Baringa, BCR, Big Store, Capalo AI, CBRE Romania, Distribuție Energie Electrică România, Eastship, Distributie Oltenia parte din Evryo, Eaton Electric, Electrica Furnizare, Electroalfa, Electroprecizia, EnergoBit, Enery, Enexus, Eurowind, Evryo, Exim Banca Romaneasca, Hagag Energy, KStar, LONGi, MBK Power Energy, MET Romania Energy, Monsson Trading, Nextpower, OX2, Romgaz, Schraubram, Sigenergy, Softenerg WEBUS 4 ENERGY, Solar Today, Sunotec, TBEA, Think Blu Solution, Transelectrica, Waldevar Energy, WTW Romania. Coffee Break Partner Enerta. Lanyard Partner Monsson Operation. Beverage Partner Aqua Carpatica, Alexandrion. Digital Partner Imsol. Partener pentru mobilitate BlackCab.
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Energy Strategy Summit 2026 was organised by Energynomics, with the support of our partners: Elektra Renewable Support, 4P Renewables, ABB, Alive Capital, Atmoce, Baringa, BCR, Big Store, Capalo AI, CBRE Romania, Distribuție Energie Electrică România, Eastship, Distributie Oltenia parte din Evryo, Eaton Electric, Electrica Furnizare, Electroalfa, Electroprecizia, EnergoBit, Enery, Enexus, Eurowind, Evryo, Exim Banca Romaneasca, Hagag Energy, KStar, LONGi, MBK Power Energy, MET Romania Energy, Monsson Trading, Nextpower, OX2, Romgaz, Schraubram, Sigenergy, Softenerg WEBUS 4 ENERGY, Solar Today, Sunotec, TBEA, Think Blu Solution, Transelectrica, Waldevar Energy, WTW Romania. Coffee Break Partner Enerta. Lanyard Partner Monsson Operation. Beverage Partners Aqua Carpatica, Alexandrion. Digital Partner Imsol. Mobility Partner BlackCab.