Ludwik Sobolewski says Romania is the fastest evolving European capital market

The Romanian capital market is the fastest evolving in Europe, Bucharest Stock Exchange (BVB) CEO Ludwik Sobolewski told the 'Romania Investor Day' conference taking place in London.

Photo credit: (c) Alex TUDOR / AGERPRES PHOTO

The way the Romanian market changes in terms of quantity and quality allows it to be considered, in a professional manner the European market with the fastest evolution, even if it is still small and faces difficulties, Sobolewski said.

The BVB head underscored that this is not about removing barriers to capital flows, but about implementing measures capable of creating a competitive edge for the Romanian market over other markets.

Sobolewski mentioned in this respect two measures which, in his opinion, would make Romania a better place to invest, and not just "another market in Europe", specifically the scrapping of the dividend tax, proposed in the new Tax Code, and the creation of the AeRO alternative trading market for start-ups and SMEs.

Zero tax on dividends proves the economic intelligence of the Government, which has accurately calculated the impact versus the positive effects on market liquidity and solidity. Also, by the creation of AeRO, the primary role of any capital market is accomplished, namely that of supporting companies to obtain financing, attract capital.

Referring to the macroeconomic picture, the BVB official said that Romania is an example of growth in general and one of the few such examples in the region. AGERPRES