Press releases

• Electrica opened BVB’s trading session on the occasion of the five-year anniversary of the company’s admission to trading on both the Bucharest and London stock exchanges
• Since 2014, Electrica has provided the most stable dividend yield of all the companies included in the BET index
• Since the IPO, Electrica generated a 37% total yield for its shareholders

The Bucharest Stock Exchange (BVB) is hosting on June 14 the international capital markets conference of the Federation of Euro-Asian Stock Exchanges, ConFEAS 2019.

• BET-TR index, which includes the dividends paid by the companies included in the main index of the Bucharest Stock Exchange, broke the 13,000-point ceiling in May for the first time in its history, following a 19.8 percent rally this year.
• May has witnessed the highest monthly trading volumes for equities so far this year, in excess of RON 1 billion.
• Adrian Tanase, BVB CEO: A mix of domestic and international events translated into a larger trading volume. Besides the ex-dividend data, which gave a strong boost to the trading activity, the most important decision for the local environment came from the Government, which amended the provisions of GEO 114 regarding the Pillar II pension funds.
• Lucian Anghel, BVB President: The 19.8 percent total return offered to investors by BET-TR since the beginning of the year is one of the best stock market performances in the region. Romania continues to be an attractive destination for local and international investors, offering some of the highest dividend yields in the world and growth prospects above the European Union average.

Bucharest Stock Exchange (BVB), a fundamental institution of the capital market, welcomes the Government's decision, which amended several provisions of Government Emergency Ordinance (GEO) 114 regarding the Pillar II  pension system so as to provide improved conditions in relation to the legal framework created at the end of last year.

• The Romanian capital market went up by 14.5 percent in the first four months this year, including the dividends of the companies included in the BET index, mirroring the evolution of the most-traded 16 companies except for the Financial Investment Companies.

• Analysts say lower trading values from this time of the year occurred as investors were waiting for a more clear direction to reveal itself both in international markets, as well as in the domestic market.

• More than 250 people, existing or potential investors, took part in the ninth edition of the Individual Investors Forum organized by BVB in Cluj-Napoca.
• The most important event for retail investors gathered 17 speakers: specialists from the capital markets – representing analysts, brokerage companies, mutual funds, pension funds – were joined on stage by company officials of already listed or potentially to be listed companies. 

• The 15 finalists of Made in Romania project were officially announced and awarded at Made in Romania Gala, 3^rd edition
• All finalists and semi-finalists of the three editions of the program will benefit in the coming months from a special program dedicated to supporting long-term business development

• The most important national forum dedicated to financial education will take place on May 18^th in Cluj-Napoca, the registration is free of charge and can be done on the website dedicated to this project: www.bvbforum.ro/inscriere
• Specialists from the capital markets – representing brokerage companies, investment funds, pension funds – will be joined on stage by company officials of already listed or potentially to be listed companies as speakers to the most important event eyeing retail investors.
• Adrian Tanase, BVB CEO: The capital market is the place to invest your savings if you take into account some simple rules. Time and financial discipline are the best investment consultants. Now, we bring this edition of the Forum in Cluj-Napoca because we believe the stock market is of national importance and we want to send a clear signal that we do our best to encourage existing and potential investors no matter where they are to keep part of their savings in the capital market. At this edition of the Forum, specialists from the capital markets will eloquently show how easy it is to invest. All you have to do is start.
• Lucian Anghel, BVB President: Intelligent investments is not putting all the eggs into one basket, is not about having one financial instrument such as the current account or the savings account. It is advisable to invest as diversified as possible in several financial instruments. Anyone who had invested in the last 6 years some of their savings in the companies listed on the Romanian stock exchange would have got a return of 150 percent, including the dividends.

• The Romanian capital market went up by 9 percent at the end of the first quarter this year, as the BET index, including the most traded 16 companies except for the Financial Investment Companies, went past the 8,000-point benchmark.
• Adrian Tanase, BVB CEO: The local stock exchange resumed growth in the first quarter, while trading volumes were modest as compared to the first three months from last year. BVB and the whole financial community must make it a priority to increase the involvement of individuals in the capital market in order to significantly change the premises of future development of the market.
• Lucian Anghel, BVB President: High volatility characterized the first quarter this year as the main market index went from negative to positive, as investors received well the new legislative clarifications, the continued strong economic activity and generous dividends, which were around 9 percent last year for the main listed companies, being among the largest in the world.

• Almost 300 companies registered in the third edition of the Made in Romania program, 50% more than in 2018
• The public cansend their favourite company directly to the final stage by casting the vote on www.bvbleague.ro/public-vote until April 21st

Made in Romania: BVB League program has designated its 50 semi-finalist companies through a complex selection process from a total of nearly 300 nominated entrepreneurial companies. At its third edition, the program reconfirmed the growing success among the Romanian business community, with a 50% increase in the number of nominated companies versus the previous edition.

The growing interest in Made in Romania is also due to the support offered by the Bucharest Stock Exchange (BVB) partners, the members of the Nomination Committee, the members of the Jury, and the companies that entered the BVB League in the first two editions of Made in Romania.

• According to analysts, the investors retaining shares in the companies listed on the local stock exchange saw as positive the statements from political key persons, who claimed same legislative measures could undergo changes, which last year led the Romanian market to an abrupt decline.
• The Romanian capital market as far as the BET index is concerned went up by 10 percent in February, after being in the negative territory at the end of January, and managed to end the first two months on a plus of 4 percent.
• Lucian Anghel, BVB President: At the International Summit organized by BVB in February, from the presentations of the 30 speakers emerged this idea that that capital market is vital to develop the Romanian entrepreneurial businesses and to create wellbeing for millions of Romanians.
• Adrian Tanase, BVB CEO: The local capital market has so much potential to grow, which is why the key projects of the stock exchange will be geared towards turning this potential into existence, the two main directions being the development of the local community of investors and the development of the capital market infrastructure. For all these results to occur, we need to act in a clear and stable legislative framework that stimulated market development, a situation that we hope to see as soon as possible.

CFA Society Romania, member of the CFA Institute (USA) - the investment professionals' association, organized, in the academic year 2018 – 2019, the national phase of the 7^th "CFA Institute Research Challenge".

After a close competition between seven teams of students belonging to universities of Romania and Republic of Moldova, the winning team this year was the one of the Faculty of Finance and Banking within Bucharest University of Economic Studies (FABBV). The team consisted of students Andreea Solomon, Robert Grecu, Luca Nicolae and Alexandru Zarnoeanu, led by Anamaria Ciobanu as coordinating teacher and mentor Andreea Mladin, CFA, volunteer and member of the CFA Society Romania.

• Bucharest Stock Exchange's main index was extended to 16 companies for the first time in its two decades history
• Alro is the 16th company included in BET. Alro is one of the largest vertically integrated aluminium producers in Europe, based on the production capacity  

• BVB and its partners handed 25 awards during this year’s edition of the Inauguration of the Stock Exchange Year
• The sixth edition of the Inauguration Gala was held this year at the National Theatre of Bucharest  

• The registration stage in Made in Romania - 3rd edition starts today on www.bvbleague.ro
• BVB launches a book with the business stories of 15 of the most promising Romanian companies
• BVB relaunches the website dedicated to the Made in Romania program

• The Romanian capital market started 2019 with a drop of nearly 6 percent both for the BET index and the BET-TR index, which also includes the dividends. Only the BET-NG index, which includes the companies in the energy field and utilities, went up last month by 2.4 percent.
• When compared to Europe, the Romanian market posted in January the second biggest decline among the main indices of the stock exchanges from the European Union.

• The shareholders of the Bucharest Stock Exchange (BVB) approved during the Extraordinary General Meeting of Shareholders the establishment of the local Central Counterparty (CCP), a project worth EUR 16 million, to which BVB will contribute up to EUR 10 million. 
• Adrian Tanase, BVB CEO: The trading costs are not going to be higher for brokers nor for clients. The investors will be able to access more investing strategies and, as the market develops, we plan to lower tariffs.
• A key role of the CCP is to act as a warrant for the market integrity by eliminating counterparty risk. The new entity will help diversify the market products by offering derivatives and will be able to double the average daily trading value.

• Lucian Anghel, BVB President: The Romanian capital market went in the negative territory last year following a drop by 4.77 percent of the BET index. The BET-TR index, which also includes the dividends, managed to stay positive, up by 4.3 percent, which – considering the market conditions from the end of 2018 – can be regarded as an outstanding performance
• Adrian Tanase, BVB CEO: The investors need the legislation to be predictable in order to fairly evaluate the opportunities offered by the capital market, where Romanian companies representing about 10 percent of Romania’s Gross Domestic Product operate.

• The Bucharest Stock Exchange (BVB) and the Operator of the Romanian Electricity and Gas Markets (OPCOM) want to collaborate on eliminating the counterparty risk in the capital and energy markets and launching futures contracts having the energy market indices as underlying assets.

• Adrian Tanase: BVB and OPCOM propose that, in addition to the transactions conducted on the markets managed by BVB, the CCP project should provide clearing services for transactions in the energy market from the beginning.
• Victor Ionescu: From the perspective of the electricity market, the centralized markets that OPCOM has made available to its participants, the project of the local Clearing Counterparty proposed by BVB is able to provide a solution to correctly, quickly and safely cope with the counterparty risk.