Bucharest Stock Exchange shows revival as companies signal intent to list, says chairman Hanga

The Bucharest Stock Exchange (BVB) is showing signs of revival in terms of listing intentions, as new company announcements emerge, Radu Hanga, chairman of the BVB Board, said on Tuesday at a specialized event.

„The market is helping us. If we look at performance, the Bucharest Stock Exchange has gained 35% on its index so far this year, including dividends paid by companies. So it is an attractive environment. We are seeing a positive trend in liquidity and an increase in the valuation of listed companies, which naturally acts as a pull factor. Between 2021 and 2023, peaking with Hidroelectrica, we saw a rise in the number of companies coming to the Exchange. In 2024 and the first half of 2025, there was a slowdown due to political volatility related to elections, as well as macroeconomic factors like the budget deficit and rising interest rates. Now, we are seeing a revival — companies are announcing intentions to come to the Exchange again. I believe the efforts we have made in recent years are starting to bear fruit. Our biggest effort has been to position the stock exchange as a partner for local companies, not just as a financing tool. We are here to help companies position themselves and communicate with investors and consumers,” Hanga said at the conference ‘Financing Development: (Re)capitalizing Romania and Using All Financial Irrigation Tools,’ organized by CursDeGuvernare.ro.

He explained that both roles of the capital market should be considered: on one hand, its role in financing the economy; on the other, its role as a partner for listed companies.

„If we look at the capital market as a stage where companies perform and promote themselves and their products, we understand that the market can do much more if we help it. If we turn it into a communication tool, we can achieve a lot. I would say it is enough to go to Times Square in New York and see how the U.S. capital market and Nasdaq promote listed companies beyond mere access to capital.We can also look at what is happening in Europe in terms of promotion. I believe there is much we can learn from these examples and adapt to our local context,” Radu Hanga added.