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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 [email protected] 

 

Transactions on Bucharest Stock Exchange triple amid FTSE Russel’s upgrade

The value of equity trading on the Bucharest Stock Exchange (BVB) exceeded EUR 0.5 billion in September this year, up by 260% compared to August 2020 and September last year.

FTSE Russell's decision to upgrade Romania to Emerging Market status, as of September 21, pushed up the liquidity, BVB said in a statement.

The average daily liquidity increased 3.5 times in September compared to August 2020 or September 2019 and exceeded EUR 25 million.

"We need to be brutally honest: this is the immediate, visible effect, but it is essential to have realistic expectations and take into account the domestic and the international context we live in," said Radu Hanga, president of the Bucharest Stock Exchange.

So far, FTSE Russel introduced only lender Banca Transilvania (TLV) and power producer Nuclearelectrica in its indices.

However, Adrian Tanase, CEO of BVB, says the Romanian bourse's ambition is to announce that more Romanian companies will be part of this investment universe after the next assessments by FTSE Russell.

Banca Transilvania was among the most traded companies in September, with a turnover of EUR 129 mln. Only oil and gas group OMV Petrom (SNP) had higher transactions - EUR 136 mln - but this was mostly due to a EUR 115 mln private placement carried out by Fondul Proprietatea.

Electricity group Electrica (EL), Fondul Proprietatea (FP), and gas producer Romgaz (SNG) also generated significant transactions in September.

(Photo: Diana Oros/ Inquam Photos)

[email protected]

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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 [email protected] 

 

Transactions on Bucharest Stock Exchange triple amid FTSE Russel’s upgrade

The value of equity trading on the Bucharest Stock Exchange (BVB) exceeded EUR 0.5 billion in September this year, up by 260% compared to August 2020 and September last year.

FTSE Russell's decision to upgrade Romania to Emerging Market status, as of September 21, pushed up the liquidity, BVB said in a statement.

The average daily liquidity increased 3.5 times in September compared to August 2020 or September 2019 and exceeded EUR 25 million.

"We need to be brutally honest: this is the immediate, visible effect, but it is essential to have realistic expectations and take into account the domestic and the international context we live in," said Radu Hanga, president of the Bucharest Stock Exchange.

So far, FTSE Russel introduced only lender Banca Transilvania (TLV) and power producer Nuclearelectrica in its indices.

However, Adrian Tanase, CEO of BVB, says the Romanian bourse's ambition is to announce that more Romanian companies will be part of this investment universe after the next assessments by FTSE Russell.

Banca Transilvania was among the most traded companies in September, with a turnover of EUR 129 mln. Only oil and gas group OMV Petrom (SNP) had higher transactions - EUR 136 mln - but this was mostly due to a EUR 115 mln private placement carried out by Fondul Proprietatea.

Electricity group Electrica (EL), Fondul Proprietatea (FP), and gas producer Romgaz (SNG) also generated significant transactions in September.

(Photo: Diana Oros/ Inquam Photos)

[email protected]

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