Bucharest Stock Exchange (BVB), Fondul Proprietatea, Swiss Capital and Auerbach Grayson presented to US-based investors the investment opportunities in Romania, during the second Romania Investors Days event in New York.
The conference was designed to offer investors a deeper understanding of investment opportunities in Romania, the Romanian capital market and its flagship companies - OMV Petrom (SNP), Fondul Pro- prietatea (FP), Romgaz (SNG), Electrica (EL), BRD (BRD), Banca Transilvania (TLV), Bursa de Valori Bucuresti (BVB), Transgaz (TGN), Transelectrica (TEL), Nuclearelectrica (SNN), Conpet (COTE), Impact Developer&Contractor (IMP) - as well as companies that are scheduled to come on the stock market, like Hidroelectrica, Salrom and Aeroporturi Bucuresti.
The event attracted over 50 participants from investment funds collectively representing over USD 1,000 billion in assets under management and included as well 1on1 meetings between investors and the top management of Romanian companies.
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 investor’s 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. If they invest now, they will be the first ones who will benefit of the market growth, as we dare to make a SEE financial hub from the Bucharest Stock Exchange”, stated Ludwik Sobolewski, BVB CEO.
The opportunities available in Romania were presented by 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).
To achieve this important goal of upgrading the Romanian capital market to Emerging Market Status, the Romanian authorities together with a working group lead by the Bucharest Stock Exchange embarked to an ambitious journey and for more than one year are implementing a comprehensive programme to improve the functioning of the local capital market, enhance liquidity and increase the availability of capital market products. It includes measures to streamline regulatory processes and increase efficiencies within the pre-trade, trade and post-trade environments, so that international investors would feel like home when investing on the Romanian capital market.