BVB Arena 2024
Winners of the BVB Arena 2024 Program (Image Credit: BVB)

Names of 15 Romanian companies designated as BVB Arena 2024 finalists disclosed

Fifteen Romanian companies shone on stage at the BVB Arena Gala organized on Sept. 26 by the Bucharest Stock Exchange and its partners. BVB Arena was launched in April 2024 and is the stock exchange program initiated as early as 2017 under the name Made in Romania, a program dedicated to identifying and promoting successful local entrepreneurial companies.

The new identity and the new name visually place this iconic program dedicated to Romanian entrepreneurs under the umbrella of BVB projects. Moreover, they reinforce BVB’s committed mission to position itself as the main financing channel for Romanian companies and to promote companies that contribute to the development of the local economy, encouraging them to be part of the BVB ‘Arena’.

It is about 15 Romanian companies active in various business sectors that are particularly significant to the economy: constructions, agriculture, education, transport, IT&C, food industry and others.

“As of today, 15 Romanian companies with incredible stories enter the BVB Arena, thus joining the powerful community of entrepreneurs and successful businesses, which we have built in the seven years since the Program came into being”, stated Radu Hanga, BVB Chairman.

(15 Finalist companies BVB Arena 2024, Source: BVB)

“Throughout the past 7 years, alongside the partners who stood by us and the other members of the capital market, we together succeeded in bringing all these companies enrolled in the Program, much closer to the capital market, and 20 of the finalist and semifinalist companies deployed 37 rounds of funding, succeeding in attracting a total of 236 million euros” stated Adrian Tanase, BVB CEO.

The BVB Arena Program has a multi-stage structure. This year, the first stage took place between 23 April and 31 May, when the entrepreneurs, the community formed around companies, the employees and partners, as well as the members of the Nominating Committee were able to register the company they believed in on the www.bvbarena.ro platform.

During the second stage, which took place in June, there was a selection of the 50 semifinalist companies by the Nomination Committee and, between 8 and 31 July, the public voted for the favourite company, following which the first 3 most voted companies entered the finals directly. The jury met in August and selected the other 12 finalist companies. The names of the 15 finalist companies were announced at the Gala, on 26 September.

Another stage of the program, which is to take place between October and November 2024, is dedicated to the Mentoring Program, in which the finalist and semifinalist companies, the companies nominated in the current edition or the companies registering in the program platform will be able to participate. During the final stage of this edition, the book with the success stories of this year’s finalists will be written. It will be launched early 2025.