Adrian Tanase, BVB: “Romanian stock exchange is stable and functional, shows resilience”

All the capital markets in the European Union went deep in the negative territory at the end of the first quarter this year as the coronavirus pandemic brought to a halt the activity in many sectors of the economy.

“The Romanian stock exchange is stable and functional, offers liquidity and shows resilience,” said Adrian Tanase, CEO BVB. “Through the stock market, the state can finance its fiscal deficit, support public investment projects and bolster the activity of companies heavily affected by the coronavirus pandemic. We have managed to fulfill the fundamental role of the stock exchange, even under this exceptional situation unfolding at an international scale that resulted in bringing to a halt many economic activities, and we have offered investors the opportunity to access the liquidities invested in securities, during a period when the need for resources had increased significantly. It has been shown once again – if necessary – how important the social and economic function that the regulated stock markets perform is.”

For the first quarter, the Bucharest Stock Exchange saw the average daily trading volume amount to 11.5 million Euro, while the total traded value for all the financial instruments was in excess of 740 million Euro. By the end of March, the capitalization of the Romanian companies listed on BVB amounted to 84 billion RON or 17.5 billion Euro.