- The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) have introduced a new program aimed at enhancing the relationship with investors and improving the liquidity of listed shares on the stock exchange.
- Under this program, up to three companies will be selected to receive assistance in enhancing their Investor Relations (IR) activities.
- Companies listed on the Bucharest Stock Exchange are encouraged to submit their applications by February 28.
The EBRD and the BVB have launched a program called the “Investor Relations and Liquidity Support Programme” in Romania. The program aims to assist up to three selected issuers in improving their visibility and liquidity in the capital market through consultancy services provided by a team of professional consultants in Investor Relations (IR) from the company Vertik, who possess both local and international expertise.
The collaborative effort will enable the selected companies to enhance their visibility in the Romanian capital markets and acquire essential tools to effectively present their story to investors. The program offers the customized support, including strategy development, creation of a compelling investment story, internal management of IR activities, training for IR teams, and support in implementing the IR strategy for six months after its delivery.
Interested companies can submit their applications by February 28, 2023.
Over ten listed companies are expected to participate in the program, with up to three being selected. The collaboration with the chosen companies will commence no later than May 2023. Further details on the registration process can be found here.
80% of the consultancy service costs for the selected companies will be covered by KTACF (Technical Cooperation Program for the Development of Capital Markets), funded by the Government of Korea, while the remaining 20% will be covered by the participating companies.
To learn more about the program and the latest IR trends, companies are invited to register for the launch webinar on January 19, hosted by the EBRD, Bucharest Stock Exchange, and consulting firm VERTIK. Registration for the webinar can be done here.
Attila Toth, the Director of the Capital & Financial Markets Development Team at the EBRD, emphasized the importance of actively building a capital market that sustains investor interest and attracts new investors, believing it to be crucial for the long-term success of listed companies.
Adrian Tanase, the CEO of the Bucharest Stock Exchange, expressed enthusiasm for the program and invited listed companies to participate, emphasizing the potential for interesting investment stories to attract increased investor interest through a clear and efficient strategy.
Daniela Serban, a Senior Consultant, Founder, and Managing Partner at VERTIK, expressed gratitude for being chosen as consultants for the program. She highlighted the opportunity to work closely with each company’s management and IR professionals to devise appropriate approaches, define and implement effective IR tools, and ultimately benefit the companies and their shareholders in the long term.
For any inquiries, companies are encouraged to contact Daniela Serban at [email protected].
Based in Bucharest, VERTIK offers integrated consulting services for the development and implementation of IR strategies and financial communication tailored to the needs of companies in both the Romanian and international capital markets. The company collaborates with recently listed companies on the BVB, including those in the BET index, as well as companies listed on the AeRO market and those interested in issuing shares or bonds.
About the Bucharest Stock Exchange
The Bucharest Stock Exchange is a crucial institution in Romania’s capital market and serves as the sole operator of securities markets in the country. It has been listed on its own market since 2010 and is a part of the BVB Group, which includes the Central Depository responsible for register and settlement operations in Romania. In October 2019, the central counterparty CCP.RO was established to facilitate clearing securities transactions in Romania and contribute to the revitalization of the derivatives market on the local stock exchange. The cumulative market capitalization of all listed companies on the Bucharest Stock Exchange, including both local and international companies, surpasses EUR 44 billion as of January 16, 2023. In 2022, the BET index reached a milestone of 20 companies for the first time in its history. Additionally, Romania had 13 listed companies included in the FTSE Russell indices dedicated to emerging markets by the end of 2022, along with seven in the FTSE Global Micro Cap indices and six in the FTSE Global All Cap indices. For further information about the Bucharest Stock Exchange, please visit their website at www.bvb.ro.
About the European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is a multilateral bank that fosters the development of the private sector and entrepreneurial initiatives across 38 economies spanning three continents. The bank is owned by 71 states, including the European Union and the European Investment Bank (EIB). The EBRD’s investments are aimed at enhancing the competitiveness, governance, sustainability, inclusiveness, resilience, and integration of the economies in its regions. To date, the EBRD has invested over 10 billion euros in more than 500 projects in Romania, supporting its economic growth and development.