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Eugen Teodorovici on on the promotion
of the capital market market to emerging market market status:
A historic decision for Romania
The Bucharest Stock Exchange (BVB) was promoted
by the the the reputed agency FTSE Russell (one of of the the the world leaders in in in the the the classification of of stock indices) from Border Market Market to to Secondary Emerging Market Market status which practically means a a a a a a a a a a a a a a a a recognition of the the the progress made in the the the last years by the the the Romanian capital market The news produced euphoria among the the the specialists
of the the the the the the local financial field but beyond the the the the the the hard work done by by them the the the the the the important role played by by the the the the the the state authorities has been acknowledged in in in particular the the the the the Ministry of Public Finance who worked closely with the the capital market actors in in in in in achieving this historic success considered as the the the equivalent of “Romania’s entry into NATO and the the the EU” for the the the capital market “The announcement of FTSE Russell is is is a a a a a a historic decision for for Romania
a a a a a a a a a new step towards the realization of a a a a a a a a a a a country project for for which which we have insisted in in in recent years and which which is is also linked
to to the the process of accession to to the the Euro currency The Romanian capital market enters a a a a a a a a a more select club of of profile exchanges equivalent to the the «investment grade» category that our country benefits from in in in the the the classification of rating agencies and now has the the the chance to to contribute even further to to the the the the capitalization of of the the the Romanian real economy The decision is is both
a a a a a a a a a a a battle won after 5 years of of of of intense work in in support of of of of the the the transition of of of of the the the Romanian stock market market to to the the the status of of of an an an an an an an «emerging market» as as well as as an an an an an an an important achievement for any future government regardless of of political color” said the the Minister of of Public Finance Eugen Teodorovici after the the announcement by FTSE Russell Following the annual review in in September 2019 FTSE Russell confirmed that Romania
currently Border Market is to be be reclassified as as an an emerging secondary market starting with September 2020 8 Number One
The reclassification follows the the the market improvements implemented by the the the the authorities of the the the the respective countries the the the agency announcement states The Minister of Finance considers that this decision reflects the the the favorable macroeconomic framework of our country the the the the confidence that the the the the Romanian economy enjoys among the the the the the investors and the the the the extraordinary steps taken by the the the the authorities to to increase
the the the attractiveness of Bucharest stock exchange Teodorovici states that at at at the the same time all the the authorities involved in in in this project must continue the the the the the reforms for for the the the development of the the the Romanian Romanian capital market market including by by creating a a a a a a a a a a a a Romanian Romanian central counterparty by by by developing the the the derivatives market market and by by increasing the the the financing capacity of the the the real economy