“We must also aim to the
The Bucharest exchange is currently classified as a frontier market by index provider
In its Global Market Accessibility Review in mid-2018,
According to Davis, Romania’s upgrade is an important achievement but it is equally important to maintain momentum.
“Both IPOs from private companies and state-owned companies are needed and the EBRD is ready to invest, prepare and I welcome the future strategy for the development of Romanian capital markets [announced as being prepared by the Ministry of Finance and the financial market regulator ASF] and again the EBRD is ready to support our colleagues in the
In this context, the EBRD official said that two emerging global trends are noteworthy, Firstly, the increased passive investment —
As regards the later, Davis mentioned the Bucharest Stock Exchange’s initiative to venture into an Environmental and Social Governance (ESG) project.
BVB launched the first ESG-focused initiative on the Romanian capital market in mid-September, which aims to provide high-level ESG insights for BVB-listed companies.
Utilizing Sustainalytics’ ESG Risk Ratings, BVB’s goal is to make available top-line ESG research and ratings for the majority of companies listed on its exchange, to promote responsible investing and highlight the importance of ESG standards among Romanian market participants. The initiative also aims to encourage local companies to align their business strategies with ESG practices, which have witnessed spectacular growth globally in recent years.
“We have noticed similar efforts in more developed markets such as
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