The Federation of Euro-Asian Capital Markets
About Company
Bucharest Stock Exchange
Established: 1995
Address: 4-8 Nicolae Titulescu Avenue,
1st floor, East Wing, district 1, America House Building, 011141 Bucharest, Romania
Contact Name: Ștefan Pompi Musgociu
Email: Stefan.Musgociu@bvb.ro
Website: www.bvb.ro
- Joined FEAS in 2003-
Radu Hanga
President
Year in review
The capital market is an area that usually has a dose of predictability, at least in terms of the correlations between economic indicators and the evolution of prices. When completely unpredictable elements appear in the picture, as in recent years (pandemic, geopolitical tensions, or political uncertainties, as we witness currently in countries around Europe), all the calculations end up being overturned and the macroeconomic indicators that previously announced with a high degree of precision the direction of the market no longer matter that much. These are times when markets are dominated by emotions.
Especially now, we should not forget that greater volatility brings with it risks, as well as significant opportunities for those that are aware enough to discover them and to take advantage of these opportunities.
In this complex context, the Bucharest Stock Exchange has demonstrated resilience and adaptability, continuing to provide a safe and transparent trading environment for our issuers and investors. We recorded almost 50 listings with a cumulative value of EUR 4.5bn, and over 2.6 million trades, worth almost EUR 7.5bn.
At the price level, we closed the year with an increase of almost 9% for the BET index, and if we add the dividends (included in the computation of BET-TR index), the return is over 16%. This evolution meant an increase of EUR 11bn in the stock market capitalization (+ 18% compared to EOY 2023), which reached EUR 73bn at the end of 2024. By far the most important achievement we consider to be the steady growth of the number of retail investors, which reached approximately 226,000 at the end of the year.
Looking ahead to 2025, we are cautiously optimistic about the prospects of the Romanian capital market. The global context remains challenging, with various countries returning to protectionist measures designed to support local manufacturing and to restore balance in foreign trade. We can say that the world starts building more walls than bridges. If these measures are to become the new norm, the global economy will become less efficient overall, and the inflation will remain elevated. On the other hand, with countries turning inwards, it is expected that the role of national stock exchanges, as the Romanian one, to become more important in supporting the local and regional companies.