Press releases

Year


February 18, 2020 The Romanian stock market makes headway at the beginning of the year as uncertainty spreads in international markets The Romanian stock market went slightly up at the end of the first month this year as the BET index traded half-percentage point higher, after having repeatedly tested the 10,000-point mark, the highest level in the last 12 years. Adrian Tanase, BVB CEO: We are living in an international context marked by volatility, which stems from investors' uncertainties about what positions they should take in the markets. Beyond external influence, domestic factors could also trigger misalignments to the trend of international markets. It is difficult, at this moment, to imagine that we will have in 2020 a growth rate similar to that of 2019, namely 35% for BET or 47% if we take into account the dividends. Should disruptive factors not occur, nor should the Romanian economy slow down, the publicly traded Romanian companies have solid foundations to contribute to the overall growth of the market this year as well. At the end of last year, we started the most ambitious project to develop the infrastructure óf the local stock exchange, once the company that will operate the central counterparty was set up. After the authorization process is completed, we will be able to relaunch the derivatives market. Beyond this project aiming to turn the secondary market more efficient, we have also established the framework for enhancing the liquidity by offering issuers the possibility to conclude market-making contracts with the market participants, a feature that finds increasingly practicability. To have a greater weight of the stock market in the economy, BVB's efforts will have to be backed by the state authorities to support the listings of the companies and to stimulate the population to save in the securities portfolios. Read more …
February 11, 2020 TeraPlast the largest construction materials producer in Romania signs market maker contract with BRK Financial Group to enhance liquidity Alexandru Stanean, General Manager TeraPlast: Our collaboration with BRK Financial Group is a new step in line with our goal of creating value for shareholders by improving liquidity and minimizing volatility. In our activity, we rely on the implementation of the best practices at international level, and we want to become a model for other companies that want to take the step towards the stock market. Monica Ivan, General Manager BRK Financial Group: We are pleased to announce we have signed a new partnership regarding market-making services for issuers, in which we intend to support the improvement of the liquidity of Teraplast SA shares. Our commitment consists of displaying a minimum volume of 750,000 shares for the buy and sell-side, within a spread of 1%. We congratulate TeraPlast for understanding the benefits of a partnership with a liquidity provider who has proven its expertise in this regard. Adrian Tanase, CEO BVB: We want a significant increase in liquidity on the stock market, and the framework set by the Issuer's Market Maker program proves that opportunities are accessed especially when companies have the necessary environment for development. This shows that the Bucharest Stock Exchange fulfills its role of implementing the most effective solutions for enhancing liquidity, in particular, and the market, in general. Read more …
February 10, 2020 The Issuer Market Maker program of the Bucharest Stock Exchange gains traction. BRK Financial Group becomes Market Maker for MedLife shares Monica Ivan, General Manager BRK Financial Group: BRK Financial Group continues the business direction initiated last year by offering market-making services to the listed issuers and it is a great honor to announce the partnership with MedLife SA, the first issuer from the BET index that concludes a Market Making contract with an intermediary. It is an ambitious project, and we hope that the liquidity of the MedLife shares will significantly improve. Mihai Marcu, President and CEO MedLife: MedLife has always been performance-driven, regardless of the social or political context. It was the first medical company in Romania to be listed on the Bucharest Stock Exchange, and it was included in the BET index shortly after, as a result of the qualitative and quantitative standards we met. We constantly aim to thrive and, because liquidity is an extremely important indicator for attracting investment funds, we have decided to implement this Market Making program as well. Adrian Tanase, CEO BVB: We are pleased to see that two entities active in the Romanian capital market are working together to enhance liquidity and increase the degree of representativeness among investors. Such partnerships are the result of some of the specific steps we have taken at BVB in order to increase market liquidity after having established the general framework for the issuer's Market Making program last year. We would like these examples to be replicated by other issuers as they can benefit from this framework, which creates the premises for enhanced liquidity. Read more …
January 24, 2020 The Romanian stock market goes up by 35 percent in 2019 the largest yearly growth rate in a decade. In 2020 Romania is set to join the Emerging Markets The BET index, which includes the most-traded 16 companies listed on the Romanian stock exchange, except for the Financial Investment Companies, went up by 35% in 2019. It is the largest yearly growth rate in the last decade posted by the Romanian stock market and the second increase rate in 2019 among EU capital markets. Accounting for dividends, the market spiked up by 47%. Adrian Tanase, BVB CEO: The year 2019 was the building year: we laid the foundations of the Central Counterparty Clearing company (CCP), a fundamental entity for developing market liquidity, and paved the way to meet all the criteria to be promoted to the Secondary Emerging Market status. The priorities for 2020 aim at the logical continuation of this construction: the process to authorize and implement the CCP, which will allow the relaunch of the derivatives market, improve the efficiency of the stock exchange operations for the capital market participants, promote the Romanian companies in the FTSE Russell indices for Emerging Markets, and, last but not least, continue our efforts to significantly improve population participation in the capital market. The year 2020 can be even better for the Romanian stock exchange, if the state resumes the listing process, frozen over the last 5 years, to sell minority stakes in state-owned companies such as Hidroelectrica or CEC Bank. For enhanced relevance, the weight of the Romanian companies listed on the stock exchange as a weight in GDP should double and reach 20% in the next 10 years, and this can be achieved through the involvement and support of the state authorities. Read more …