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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Bucharest Stock Exchange sees 35% drop in revenues on lower trading activity

The Bucharest Stock Exchange (BVB) recorded a significant drop in revenues and profits in 2015 as the share trading volumes went down by a third compared to 2014.

The market operator’s operating revenues declined by 35%, to EUR 4 million, and the net profit was down by 41%, to EUR 1.57 million, according to BVB’s preliminary results for 2015.

“The main driver was the 43% decline in trading revenues, which mirrored the weaker trading activity and the effects of the trading fees cut operated in October 2014,” reads the company’s report.

The share trading volume for the whole year was around EUR 2 billion, down from EUR 3 billion in 2014, as the pubic offers (initial public offerings, secondary offerings, and other share placements) were almost non-existent.

Local fund Fondul Proprietatea’s sale of a 4% stake in gas producer Romgaz, for EUR 103 million, was the only notable transaction on the Bucharest Stock Exchange last year.

The average daily stock trading, excluding public offers, also declined by 16% to EUR 7.3 million.

The main market index BET ended 2015 with a decline of 1.1% while its total return version BET-TR gained 3.1% after incorporating dividends paid by constituent companies.

Bucharest Stock Exchange’s shares mirrored the weaker market environment and the operator’s financial results and recorded a 21% drop at end-December 2015 compared to December 2014. Since the beginning of this year, BVB’s shares lost another 4.8%.

The company’s market capitalization is currently some EUR 44 million (as of February 9, 2016).

Andrei Chirileasa, andrei@romania-insider.com

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Bucharest Stock Exchange sees 35% drop in revenues on lower trading activity

The Bucharest Stock Exchange (BVB) recorded a significant drop in revenues and profits in 2015 as the share trading volumes went down by a third compared to 2014.

The market operator’s operating revenues declined by 35%, to EUR 4 million, and the net profit was down by 41%, to EUR 1.57 million, according to BVB’s preliminary results for 2015.

“The main driver was the 43% decline in trading revenues, which mirrored the weaker trading activity and the effects of the trading fees cut operated in October 2014,” reads the company’s report.

The share trading volume for the whole year was around EUR 2 billion, down from EUR 3 billion in 2014, as the pubic offers (initial public offerings, secondary offerings, and other share placements) were almost non-existent.

Local fund Fondul Proprietatea’s sale of a 4% stake in gas producer Romgaz, for EUR 103 million, was the only notable transaction on the Bucharest Stock Exchange last year.

The average daily stock trading, excluding public offers, also declined by 16% to EUR 7.3 million.

The main market index BET ended 2015 with a decline of 1.1% while its total return version BET-TR gained 3.1% after incorporating dividends paid by constituent companies.

Bucharest Stock Exchange’s shares mirrored the weaker market environment and the operator’s financial results and recorded a 21% drop at end-December 2015 compared to December 2014. Since the beginning of this year, BVB’s shares lost another 4.8%.

The company’s market capitalization is currently some EUR 44 million (as of February 9, 2016).

Andrei Chirileasa, andrei@romania-insider.com

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