Tuesday, April 4, 2017

Romania to benefit from upgrade to emerging market


The Romanian capital market now has a chance, maybe for the first time, for a big quick win, because the upgrade of the whole environment into the family of Emerging Markets is now very close," said Ludwik Sobolewski, CEO of BVB. "We have this paramount objective which we need to tackle: to upgrade Romania to Emerging Market status."  
New opportunities can arise from state-owned companies getting listed on the stock exchange. "Bringing Hidroelectrica to market would really help to comply with free float criterion," said Jim Stewart, vice-president at Raiffeisen Bank.  
BNR's chief economist, Valentin Lazea, added: "Having private companies listed on the stock exchange is not enough to assure that the liquidity needed to promote to Emerging Market is met. State companies are needed." 

Getting state owned companies privatized and listed on the stock exchange is one of the big reasons why I own Fondul Proprietatea. The fund is full of unlisted companies which represent tremendous upside as they are listed on the stock exchange.

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