Romania expands presence in MSCI Frontier Markets Indices with two new listings

The representation of Romania’s equity market in the MSCI Frontier Markets indices is set to grow, with two additional Romanian companies slated for inclusion in MSCI's global benchmark indices. Starting November 26, 2024, shares of Turbomecanica (TBM) and Prebet Aiud (PREB), both listed on the Bucharest Stock Exchange, will join the MSCI Frontier IMI and MSCI Romania IMI indices, marking a boost for Romania's market presence in these widely-followed indices.

Turbomecanica, which produces components for the aeronautical industry, including jet engines for aircraft, is one of the oldest companies listed on the Bucharest Stock Exchange (since October 1998). It has a market capitalization of EUR 27 million. Prebet is a producer of precast concrete for the construction sector and has a market value of almost EUR 18 mln.