Bucharest Stock Exchange’s (BVB) traded shares are experiencing massive growth this year, ranking Romania the sixth largest increase in the world, according to a release on the stock exchange’s website.
According to data from Morgan Stanley Capital International (MSCI), global stock markets are also experiencing an increase in trades, up an average of 6 percent in January and February. The BVB’s growth was 13 percent for the same time period.
“If you look at all countries and take into account the size of their economies, only five more stock markets are ahead of us in the world in terms of growth,” BVB’s CEO Ludwik Sobolewski said in a press release. “In how many areas would you expect Romania to be in the top 10 in the world? It is now sixth in terms of the largest growth among world capital markets and third in the European Union. Moreover, the Romanian stock market is one of the very few in the entire world sharing consistency as regards the valuations of assets, being in ‘plus’ also in three years perspective backwards.”
Bloomberg shows that Romanian shares traded on the New York Stock Exchange are valued at 22 times the net profit, while the Romanian stocks on the BET index are valued at 13 times the net profit, making Romania very attractive to investors compared to similar businesses in the United States marketplace.
