The Romanian capital market needs American corporate investors and their global network to get the liquidity and development necessary to attain the status of emerging market, Ludwik Sobolewski, the Bucharest Stock Exchange (BVB) CEO told Romania Investors Days event in New York.
“The Bucharest Stock Exchange has the fastest growth pace in Europe and the investors’ interest in Romania is increasing, as shown also by big regional brokers like Ipopema (Poland) and Concorde (Hungary), who have registered directly in Romania to offer their clients direct access to Romanian companies. In its path towards the goal of advancing to the emerging market status, the Romanian capital market also needs corporate investors from the United States and their global network, for liquidity and development. If they invest now, they will be the first to benefit from the market growth, as we are going to turn the Bucharest Stock Exchange into a financial hub of the Southeastern Europe,” Sobolewski said at the second Romania Investors Day in New York, as quoted by a release of the BVB on Thursday.
BVB, the Proprietatea Fund (FP), Swiss Capital and Auerbach Grayson presented investment opportunities in Romania for US investors. The conference was designed to provide in-depth understanding of these opportunities and information on representative companies like OMV Petrom, FP, Romgaz, Electrica, BRD – Groupe Societe Generale, Transilvania Bank, BVB, Transgaz, Transelectrica, Nuclearelectrica, Conpet; also, about companies to be listed, like Hidroelectrica, Salrom and Bucharest Airports.
Over 50 representatives of investment funds managing over 1,000 billion dollars attended the event, which also occasioned one-on-one meetings between investors and Romanian managers.
The presentations included Romania’s macroeconomic indicators, the calendar of privatization of state-owned companies, the recent progress of the Romanian capital market and the pace of the reforms needed to advance the local market to the emerging market status, as reflected by indexes such as FTSE, S&P Dow Jones and Morgan Stanley Capital International (MSCI).
The speakers list included Iulian Buga, Ambassador of Romania to the United States; Eugen Teodorovici, Finance Minister; Dan Mihalache, chief of staff of the Presidential Administration and presidential advisor; Andrea Schaechter, head of the International Monetary Fund mission in Romania; Mark Meyer, National Chairman of the Romanian-American Chamber of Commerce; David Grayson, CEO Auerbach Grayson; Mihai Chisu of Swiss Capital; Andre Cappon, President, The CBM Group; Grzegorz Konieczny, CEO and Fund Manager, Proprietatea Fund; Lucian Anghel, Chairman of the Board, BVB; and Ludwik Sobolewski, CEO of the BVB.