Romania’s Government promises to continue its listing program of state owned companies

Romania’s Government will continue its program for the listing of state-owned companies, Prime Minister Victor Ponta said on Monday, October 6, at the opening ceremony of the trading session on Bucharest Stock Exchange. He expressed his hope that next year should be favorable for the listings of some large companies, such as electricity producers Hidroelectrica and Complexul Energetic Oltenia, airport operator Compania de Aeroporturi Bucuresti and the Constanta Port. “If 2013 and 2014 have been years of development for the Bucharest Stock Exchange, I wish that in 2015 and 2016 this will continue and that the Government’s involvement, either in terms of legislation or in terms of decision to list the companies in its portfolio, will support this development of the capital market,” Ponta said. Bucharest Stock Exchange enforced on Monday, October 6, a decision to shorten the settlement process of transactions on the market from three days to two days. During the last two years, Bucharest Stock Exchange has made some significant progress both in terms of new listings and in terms of market infrastructure and market accessibility. editor@romania-insider.com