Romanian delegation presented investment opportunities on the domestic capital market to US investors

A delegation of the Bucharest Stock Exchange (BVB), Fondul Proprietatea, Swiss Capital, Auerbach Grayson accompanied by other relevant public institutions presented the investment opportunities on the Romanian capital market to over 50 representatives of US-based investment funds collectively representing over 1,000 billion dollar in assets under management who attended the second Romania Investors Days event in New York.

The Romanian delegation thus comprised H.E. Iulian Buga (Romania Ambassador in USA), Eugen Teodorovici (Romania Finance Minister), Dan Mihalache (Presidential Advisor and Head of Presidential Chancellery), Andrea Schaechter (IMF Mission Chief for Romania), Florentina Boboc (Director Financial Supervisory Authority), Mark Meyer (Romanian American Chamber of Commerce Chairman), David Grayson (Auerbach Grayson CEO), Mihai Chisu (Swiss Capital), Andre Cappon (The CBM Group President), Grzegorz Konieczny (CEO and Fund Manager Fondul Proprietatea), Lucian Anghel (BVB Chairman) and Ludwik Sobolewski (BVB CEO).

The investors were updated about Romania’s macroeconomic indicators, the privatization calendar of Romanian state-owned companies, the latest developments in the Romanian capital market and the pace of reforms needed to upgrade the local market to Emerging Market status in indices of FTSE, S&P Dow Jones and the Morgan Stanley Capital International (MSCI).

“The Bucharest Stock Exchange is the fastest growing exchange in Europe and investors' interest in Romania is growing, fact underlined as well by large regional brokers, such as Ipopema (Poland) and Concorde (Hungary), who registered directly in Romania to give their clients direct access to Romanian companies. In its goal of upgrading to Emerging Market status, the Romanian capital market needs also US institutional investors and their global network for liquidity and development”, stated Ludwik Sobolewski, BVB CEO, according to a press release.

In the last year, the Bucharest Stock Exchange together with the Romanian authorities have made consistent efforts to improve the local capital market, enhance liquidity and increase the availability of capital market products by introducing measures to streamline regulatory processes and increase efficiencies within the pre-trade, trade and post-trade environment, reforms aimed to help the domestic market in view of being upgraded to Emerging Market Status.