Bursa de Valori Bucuresti

Bursa de Valori Bucuresti (Bucharest Stock Exchange, BVB) is the central institution of Romania’s capital market and the main provider of infrastructure for financing the real economy through capiatal market mechanisms. BVB operates a Regulated Market and a Multilateral Trading System (AeRO market), in compliance with European legislation and international market standards.

The markets operated by BVB host a diversified range of financial instruments, including shares, corporate and municipal bonds, government securities, ETFs, and other instruments, offering local and international companies and investors efficient access to investment and financing opportunities across multiple segments of the economy.

BVB has operated as a joint-stock company since 2005 and has been listed on its own market since June 2010, underscoring its commitment to transparency, robust corporate governance, and adherence to market best practices.

Bucharest Stock Exchange’s mission is to support the development of the Romanian economy by strengthening financing through the capital market, expanding the base of issuers, and promoting financial education and investment culture. BVB maintains an active and constructive dialogue with public authorities, the business community, and investors, advocating for a predictable, competitive, and growth-oriented regulatory framework that supports investments and encourages listings.

In recent years, Romania’s capital market has experienced sustained development, reflected in growing liquidity, an expanding issuer base, and increased investor interest. Total market capitalization has exceeded RON 500bn, the number of investor accounts has grown steadily to over 285,000, and interest in market-based financing has continued to increase. In 2025 alone, more than 100 listings (shares, bonds, and ETFs) were completed on BVB’s markets, with total financing rounds amounting to EUR 6.4 bn.

Romania is included in major global indices provided by FTSE Russell and MSCI. The market was promoted to Emerging Market status by FTSE Russell in 2020, while MSCI recognized Romania as an Advanced Frontier Market in 2025, reflecting the high level of accessibility, visibility, and international relevance of the Romanian capital market.