We acquired a 4.99 per cent stake in the Bucharest Stock Exchange (BVB), demonstrating our support for Romania’s comprehensive efforts to strengthen local capital markets.

The Bucharest Stock Exchange is at the centre of Romania’s capital markets and is the largest bourse in south-eastern Europe.

Through this equity interest, we are supporting the Romanian government’s comprehensive capital market development programme, which aims to improve the functioning of the local capital markets, enhance liquidity and increase availability of debt and equity offerings in the local capital markets.

The EBRD is also working with the BVB to improve its Corporate Governance Code for listed companies.

Our investment in Romania’s capital market infrastructure is part of a long-term strategy to advance the development of local capital markets through investment, technical advice and support for reforms.