Mr. Radu Hanga
FEAS Chairman | Bucharest Stock Exchange
The year 2025 has been a defining one for FEAS, clearly demonstrating that when we work together and build together, the results are not only visible, but measurable and sustainable.
This year marked an important milestone in our journey. FEAS celebrated its 30th anniversary, reflecting on three decades of cooperation across an increasingly diverse and interconnected region. At the same time, 2025 was a year of transformation. We officially adopted the new name Federation of Euro-Asian Capital Markets, together with a refreshed identity and the slogan “FEASible diversity”, which better captures both our geographical reach and the strength derived from diversity.
Beyond this, FEAS organized 19 Working Group meetings throughout the year, including five in the first quarter alone, facilitating continuous dialogue and hands-on collaboration. Additional highlights included ConFEAS 2025 in Yerevan, IFRS Live Training on Sustainability Disclosure Standards, an exclusive training with Euronext, regular Capital Market Talks, and two special workshops with Tabadul and Blockstation, open also to non-member organizations.
Community growth further strengthened our federation. FEAS welcomed seven new members, introduced the new Supporting Partners membership category, and launched Member Week on social media to highlight and engage our expanding ecosystem.
All these achievements send a clear message: working together and building together delivers measurable results—in stronger institutions, better-trained professionals, deeper cooperation, and a more resilient Euro-Asian capital markets community.
A core pillar of FEAS activity in 2025 was capacity building and professional development. A flagship initiative in this regard is represented by the FEAS Onsite Trainings. The FEAS OnSite Training in 2025 was hosted by Bucharest Stock Exchange and it exemplified the FEAS spirit of knowledge sharing, peer learning, and practical cooperation, and demonstrated how collective expertise translates into tangible value for member markets.
Strong governance and active member engagement remained central to FEAS. We held our 40th General Assembly in Almaty, hosted by the Kazakhstan Stock Exchange, and later convened the 41st General Assembly and Governance Elections in Yerevan, hosted by the Armenia Stock Exchange and the Central Depository of Armenia. These meetings reinforced our shared commitment to transparency, collaboration, and institutional continuity.
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