Bucharest Stock Exchange (BVB) released today, July 22, 2014, its first edition of the International Investors’ Guide, part of the InvestingRomania program. The Guide includes relevant information that a foreign investor would like to know about Romania when interested to invest on Romanian capital markets.
"The strengths of Romanian capital market, which embarked on an ambitious journey towards modernization and growth, must be properly illustrated. Investment community should be adequately informed about the pace of change in one of most important markets and economies of the CEE and South-Eastern Europe. It belongs to the mission of the Bucharest Stock Exchange, not only generating a change, but to build a good exposure of Romanian assets in many senses", stated Ludwik Sobolewski, BVB CEO.
The document contains information about the economic performance of Romania and about the opportunities available at the Bucharest Stock Exchange. Some of the strengths of the local capital markets are: a clear growth story, the presence of several defensive stocks with a good track record as dividend payers, a successful privatization program, the potential upgrade to emerging market status, wide market reform and the growing domestic potential.
A separate section of this document is dedicated to fiscal issues applicable to non-resident investors, with new guidelines following the change of the Fiscal Procedural Code, pursuing the adoption by the Government of the Emergency Ordinance no. 40/23.06.2014. This change, requested by the 8 Barriers project, was aimed at eliminating the obligation of having a fiscal representative for non-residents who have declarative obligations in Romania, if they are resident in an EU Member State or a country with which Romania has concluded a double taxation treaty or other legal act through which information can be exchanged. The information in this section was developed under the guidance of the fiscal authority.
In addition, relevant tax returns, translated into English, were attached to the document.
In the near future, Bucharest Stock Exchange will launch a new guide for Romanian investors with useful information for those who invest or want to invest in the local capital markets.
The guide can be downloaded at the following address: http://www.bvb.ro/press/2014/BVB%20-%20InvestingRomania.pdf