The Bucharest Stock Exchange (BVB) is exploring options for creating a Stock Exchange in Chisinau, together with the Moldovan state and other partners from the Republic of Moldova, the Romanian bourse announced on Tuesday (Dec. 10).
The vast experience that the BVB has accumulated during its 30 years of existence will allow it to use its knowledge to lay the foundations of a modern stock exchange in the Republic of Moldova, to build a robust capital market in the neighboring country and, at the same time, to stimulate regional cooperation between the two countries, the BVB said.
Thus, BVB aims to provide access to financing to companies from the Republic of Moldova, which, together with those from Romania, would become regional leaders over time.
BVB is convinced of the substantial growth potential of the economy in the Republic of Moldova. The development of a competitive capital market around the future Chisinau Stock Exchange will significantly contribute to the materialization of this potential.
Currently, the Moldovan Stock Exchange is the only stock exchange in Moldova. Founded in 1994 by 34 professional securities market participants, it is a member of the European-Asian Stock Exchange Federation (FEAS) and of the International Association of the CIS Exchanges.
The National Bank of Moldova has been in talks with the BVB and Romanian stock market regulators on the possible dual listing of Moldovan companies on the Moldovan Stock Exchange and BVB, as well as mechanisms for trading shares and other financial instruments on BVB, Interfax news agency reported.
“All citizens will be able to invest in financial instruments that will become the basis for private pension and insurance funds and our companies will have easier access to Romanian and international capital thanks to advanced trading technologies. We are attracting global institutional investors who will integrate our companies into global value chains. We are connecting with European markets and speeding up the development of our capital market. Partnership with the Bucharest Stock Exchange, a prestigious institution, brings experience and international authority to our capital market,” the Moldovan Economic Development and Digitalization Ministry said in a statement on its website.
BVB will provide further updates on the progress of establishing the Chisinau Stock Exchange.
