The Romanian capital market may still be small but is bound to grow thanks to significant changes it is undergoing. They are related to the organisation, structure, investing culture, market practices and regulations as well as its vision and development strategy of the stock exchange.
But the Bucharest Stock Exchange (BVB) has already been successful in attracting both companies and investors. According to Ludwik Sobolewski, President of the BVB, apart from Poland, the capital market has not seen many successful substantial IPOs being completed in Central and Eastern Europe. “[In] Romania in the space of nine or ten months, 900 million euro was raised,” he adds.