RASDAQ
| Bursa de Valori București | |
| Type | |
|---|---|
| Location | Bucharest, Romania |
| Founded | 1 December 1882 (closed in 1945 by the communist government, re-opened on April 21, 1995) |
| Owner | Listed company from June, 2010 on its own regulated market |
| Key people |
Ludwik Sobolewski (CEO) Lucian-Claudiu Anghel (President of the Board of Governors) |
| Currency | RON |
| Market cap | €37.25 billion (as of May 2017) |
| Indices |
BET BET-TR BET-FI BET-XT BET-NG BET-BK BET Plus ROTX BET (BETI) |
| Website | www.bvb.ro |
The Bucharest Stock Exchange (BVB) (Romanian: Bursa de Valori București) is a located in Bucharest, Romania. As of January 2015, there were 83 companies listed on BVB's regulated market with a total market capitalization of €30 billion ($33.5 billion). In 2013, the main index BET went up by 26.1%, placing BVB as the 14th best performing stock exchange globally. Since August 2013, Ludwik Sobolewski is the CEO of BVB.
Beginnings of the history of the Bucharest Stock Exchange can be traced back to 1839, when the commodities-trade exchanges were established in Bucharest. It was nevertheless only until December 1, 1882 that the BVB was officially inaugurated. One week later, the first exchange rates begun being published in the Official Gazette. Throughout its existence, the activities of the Bucharest Stock Exchange were affected by the socio-political events of the time, such as the Romanian Uprising of 1907 or the Balkan Wars that took place between 1912 and 1913. The stock exchange was moreover closed during the First World War. When BVB re-opened following the end of the war, it went through a period of 7 years of significant growth, followed by a period of 7 years of accelerated loss. The activity of the Market for Effects, Actions and Exchange was stopped in 1948, with the establishment of the Communist regime in Romania and the beginning of the nationalisation process. At that time, shares issued by 93 companies and 77 fixed-income instruments (bond type) were listed on the Bucharest Stock Exchange. The Bucharest Stock Exchange reopened again in 1995, after almost 50 years since it was shut down by the Communist regime. The first trading session was carried out on November 20, 1995. On that date, 905 shares issued by 6 listed companies were traded. In 2005, BVB absorbed RASDAQ – the over-the-counter electronic stock market. On February 14, 2008, Erste Bank listed on BVB and became the first international company listed on the regulated market. Subsequently, Bucharest Stock Exchange has experienced a continuous development and is now established as the main stock exchange in Romania. In 2010, Bucharest Stock Exchange listed on its own spot regulated market under the symbol BVB. In 2010, the Alternative trading system was launched by BVB for SMEs and start-up companies wanting to raise capital from the market. At the end of 2014, it was announced that the equities segment of the ATS market will be re-launched under a new name 'AeRO' which stands for Alternative Exchange in Romania. AeRO was officially relaunched on February 25, 2015 during an official opening of the trading session during which two companies debuted - Delivery Solutions (symbol: SDAY) and Carpathia Capital (CRPC). AeRO targets early stage companies, to finance their projects, growth stories, increase their visibility and contribute to the development of the business environment. On December 15, 2014 BVB has launched a new website, synchronized with all the channels used by BVB, including social media pages. On March 27, 2015, BVB announced that it was joining the making it the 19th stock exchange to join. The Bucharest Stock Exchange is a member of the .
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