Press releases

• The number of issuers covered through the program will increase significantly, including the constituents of the BET index
• Individual investors can actively contribute to the development of the capital market by publishing their own informative and educational materials on the BVB Research Hub platform

Bucharest Stock Exchange (BVB) is expanding the BVB Research Hub platform by enlarging the number of companies covered by research reports, to include most of the companies in the BET index, as well as other companies.

At the same time, the platform will include a new section dedicated to Contributors, i.e. individual investors from the local capital market, but also those who are passionate about the stock market, and who have relevant knowledge and experience that they want to share. The materials and information presented will be informative and educational, BVB’s objective being that through this interaction, individual investors contribute to a better understanding of the local capital market, investment strategies and valuation methods and to the promotion of companies listed on the BVB. Additionally, this section will constitute a new communication channel for BVB Research Hub's institutional partners with the local investor community.

• The Bucharest Stock Exchange (BVB) reached a new record in 2022 in terms of the total trading value recorded on all markets with all types of financial instruments after total transactions exceeded RON 24 billion.
• The average daily liquidity reached a new high: RON 95.6 million, +11% compared to 2021.
• In 2022, the investors operating on the BVB achieved a new record for the number of transactions with all types of financial instruments: over 1.67 million transactions.
• In 2022, 42 rounds of financing were completed with a total value of EUR 1.9 billion.
• The number of investors reached over 128,000 at the end of the 3rd quarter of the previous year, an all-time high for the Romanian capital market.
• The BVB share increased by 40%, the best performance in the BET index, reflecting the results of the efforts made in recent years to make the capital market more efficient.

Radu Hanga, BVB President:

• The year 2022 was a real carousel for the international capital markets, which were marked by heightened volatility.
• After a very long period characterized by relaxed monetary policies, inflationary pressures led to the start of a cycle of aggressive interest rate increases at the global level.
• What has been remarkable in 2022 is that capital market funding rounds have continued: 42 financing rounds totaling EUR 1.9 billion have already been run through the stock exchange’s systems in a single year.
• The announced listings of Hidroelectrica and Salrom, approved by the Romanian State and where Fondul Proprietatea will be the one selling its holdings, can be a catalyst for accelerating the pace of listings on the BVB and for increasing the chances of Romania to be promoted to the Emerging Market status by the global index provider MSCI.

Adrian Tanase, BVB CEO:

• During a complicated year for all capital markets, the Romanian stock market had posted all-time high on three levels of liquidity.
• Our efforts to significantly improve liquidity, especially in the equity segment, will continue in a sustained manner, and the efforts from recent years are now being reflected also by the evolution of the BVB share, which last year recorded the best performance in the BET index: +42% including dividends.
• The listing of Hidroelectrica and the Central Counterparty are the flagship elements that we expect in the capital market in 2023, and we believe that, together, these elements can contribute in the medium and long term to doubling the liquidity of the market.
• We estimate that we can reach 500,000 investors in the next 2-3 years, after reaching a record-high of 128,000 investors at the end of Q3 2022.

UniCredit Bank, which is part of the UniCredit Group and one of the major banks in Romania, is listing today, January 16, the first corporate bonds issued this year, worth RON 488.5mn. The bonds will be traded on the Main Market of the Bucharest Stock Exchange under the stock ticker UCB27.

UniCredit Bank has issued and sold 977 unsecured senior corporate bonds, with a nominal value of RON 500 000, with maturity on December 21, 2027, to 10 bond bearers who are legal persons. There is a fixed rate of interest of 9.07% per year. The offer was carried out with the support of Alpha Bank.

• EBRD and Bucharest Stock Exchange launch a new Investor Relations and Liquidity Support Programme.
• Up to 3 companies will be selected to receive support on improving their Investor Relations activities.
• Companies listed on the Bucharest Stock Exchange invited to apply by 28 February.

The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) are launching a new Investor Relations and Liquidity Support Programme in Romania, to improve capital market visibility and stock exchange liquidity of up to 3 selected issuers. The Programme will be run in close cooperation with the selected companies and a team of professional Investor Relations (IR) consultants with local and international expertise from the Romanian consultancy VERTIK.