Bucharest Stock Exchange

Bucharest Stock Exchange
Bursa de Valori București
TypeStock exchange
LocationBucharest, Romania
Founded
  • 1 December 1882
  • (closed in 1945 by the communist government, re-opened on April 21, 1995)
OwnerListed company from June 2010 on its own regulated market
Key people
  • Adrian Tanase (CEO)
  • Radu Hanga (President of the Board of Governors)
CurrencyRON
No. of listings85 (2023)[1]
Market cap$64.9 billion (2023)[1]
Volume9.4 million (2023)[1]
Indices
Websitebvb.ro

The Bucharest Stock Exchange (Romanian: Bursa de Valori București, BVB) is the stock exchange of Romania located in Bucharest. In 2023, the BVB's market capitalization increased by 52.7% to $64.9 billion.[1] As of 2023, there were 85 companies listed on the BVB.[1]

The capitalization of the Romanian capital market in relation to GDP was of 17.9% at the end of 2019.[2] That same year, the stock exchange indices reached their highest level in the past 10 years.[3] The BET index went up 35% and the BET-TR rose more rapidly, by 47%, against the dividends distributed by the companies.[4]

As of 31 December 2019, the most liquid company within the BVB’s main (Regular) market was Banca Transilvania (TLV), which owns approximately 30% of the total traded value. The following most liquid companies were Fondul Proprietatea (FP), BRD - Groupe Société Générale (BRD), Romgaz (SNG) and OMV Petrom (SNP).[5]

In September 2020, the Bucharest Stock Exchange was promoted from the category of Frontier Market to the category of Secondary Emerging Market by the FTSE Russell rating agency.[6]

On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union, as part of the Capital Markets Union proposed by the European Commission.

  1. ^ a b c d e "General statistics". www.bvb.ro. Retrieved 2023-12-20.
  2. ^ PricewaterhouseCoopers. "Studiu PwC România: BVB a pierdut de la începutul anului 34% din capitalizare, dar pe termen lung randamentul indicilor rămâne peste cel al obligațiunilor de stat". PwC (in Romanian). Retrieved 2020-11-09.
  3. ^ "BVB - History". www.bvb.ro. Retrieved 2020-11-09.
  4. ^ "BVB - History". www.bvb.ro. Retrieved 2020-11-09.
  5. ^ "Evoluția pieței de capital la 31 decembrie 2019". Archived from the original on 2020-12-05. Retrieved 2020-11-09.
  6. ^ "FTSE Equity Country Classification September 2020 Annual Announcement" (PDF).

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