Bursa de Valori București | |
Type | Stock exchange |
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Location | Bucharest, Romania |
Founded |
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Owner | Listed company from June 2010 on its own regulated market |
Key people |
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Currency | RON |
No. of listings | 85 (2023)[1] |
Market cap | $64.9 billion (2023)[1] |
Volume | 9.4 million (2023)[1] |
Indices | |
Website | bvb |
The Bucharest Stock Exchange (Romanian: Bursa de Valori București, BVB) is the stock exchange of Romania located in Bucharest. In 2023, the BVB's market capitalization increased by 52.7% to $64.9 billion.[1] As of 2023[update], there were 85 companies listed on the BVB.[1]
The capitalization of the Romanian capital market in relation to GDP was of 17.9% at the end of 2019.[2] That same year, the stock exchange indices reached their highest level in the past 10 years.[3] The BET index went up 35% and the BET-TR rose more rapidly, by 47%, against the dividends distributed by the companies.[4]
As of 31 December 2019[update], the most liquid company within the BVB’s main (Regular) market was Banca Transilvania (TLV), which owns approximately 30% of the total traded value. The following most liquid companies were Fondul Proprietatea (FP), BRD - Groupe Société Générale (BRD), Romgaz (SNG) and OMV Petrom (SNP).[5]
In September 2020, the Bucharest Stock Exchange was promoted from the category of Frontier Market to the category of Secondary Emerging Market by the FTSE Russell rating agency.[6]
On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other stock exchanges, in an effort to provide a consolidated tape for the European Union, as part of the Capital Markets Union proposed by the European Commission.