The head of BVB rejects the theory that the Government would have fallen because of the listings: “All governments had them in the program”

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The general director of the Bucharest Stock Exchange (BVB), Remus Vulpescu, says that all the governments of the last 15 years have listed companies in their government programs, and therefore it is hard for him to believe that the Government fell because it wanted to list companies.

“If we look at the last 12, 14, 15 years, listings done correctly do not erode political capital, they do not erode electoral capital. If all governments had in their government programs to list companies, measurements are certainly made that show that the Romanian public, the voters who are also investors, some of them, also look favorably on the listing of companies”, declared Remus Vulpescu during a conference.

He also mentioned that the entry of the local capital market on the MSCI Emerging Markets – the benchmark international stock index that measures the performance of shares in developing economies – must be done correctly, without haste.

“At some point, we will enter as a capital market in MSCI Emerging Markets. Indeed, the presence in MSCI Emerging Markets ensures automatic allocations, because there are funds in which they follow the MSCI Emerging Markets index from a total pool of probably, at the present time, over 1.5 trillion dollars. So, we are talking about a lot of money, of which a very large share does not need to come to Romania to be felt and which probably would come. What we must avoid, However, it is to rush in, because what is not done correctly does not last. There are several examples of countries that have entered and exited, and the cost of exit was much higher than all the benefits of entry. It can be verified, there are a lot of studies on this matter, “said the general director of the BVB.