This month Romanian companies listed on the Bucharest Stock Exchange (BVB) have hit their highest levels since the financial crisis, exceeding $22.4 billion.
“Romania is on the radar of investors as it offers a level of growth and stability which is rare in today's world, coupled with dynamism and creativity - becoming a friendlier place to do business than ever before," BVB CEO Ludwik Sobolewski said in a press release. "The entrepreneurial companies with national or regional ambitions now see the stock exchange as a natural habitat for their business."
In May, BVB welcomed the listing of DIGI Communications, a provider in Romania and Hungary that contributed to the market’s strong performance. In addition to surpassing the $22.4 billion mark in valuation, the market also saw the largest number of transactions on a single day on May 16, with more than 8,800 transactions, and $30.2 million traded in a single day on May 17. The exchange’s BET and BET-TR indices hit their largest values this year on May 15, at 8,460 points and 10,633 points, respectively.
"The macroeconomic data, the level of dividends and the growth coming from the share prices are strong arguments for Romania to be the best destination where money can produce added value, while this momentum is building up strength to persuade even the most skeptical investors to place their money on the local capital market," said BVB's Lucian Anghel. "At this value, the market capitalization of domestic listed companies on BVB is around 12 percent of Romania's GDP."