Romania
Federation of Euro-Asian Stock Exchanges
80
The Romanian capital market posted in 2019 one of the best years in recent history in terms of the yearly growth pace. Our main index, the BET index, went up by 35% in 2019, the largest yearly growth rate in the last decade. Taking into account the dividends, the companies listed on the Bucharest Stock Exchange and included in the BET-Total Return index displayed an increase of 47%.
The total trading value for equities accounted for more than EUR 2 billion at the end of 2019. By the last trading session in December, the capitalization of the Romanian companies listed on BVB amounted to RON 111.5 billion or EUR 23.3 billion.
The year 2019 was the building year: we laid the foundations of the Central Counterparty Clearing company (CCP), a fundamental entity for developing market liquidity, and paved the way to meet all the criteria to be promoted to the Secondary Emerging Market status. The global index provider FTSE Russell announced on September 26, 2019, that Romania would be promoted from Frontier Market to the Secondary Emerging Market status. The decision will become effective as of September 2020.
In order to enhance market development, BVB partnered with several energy and financial organizations and established CCP.RO Bucharest S.A. on November 4, 2019. CCP.RO will host the infrastructure that will relaunch the derivatives market in Romania.
The priorities for 2020 aim at the logical continuation of this construction: the process to authorize and implement the CCP, improve the efficiency of the stock exchange operations for the capital market participants, promote the Romanian companies in the FTSE Russell indices for Emerging Markets, and, last but not least, continue our efforts to significantly improveparticipation of the population in the capital market.
Economic development and outlook