BSE launches a new platform dedicated to SMEs financing by yearend

Around 90 SMEs from Sibiu County learned about financing through the capital market in a recently-held event organized by Doing Business recently. Bucharest Stock Exchange presented AeRO to entrepreneurs, a platform that will allow access to financing small companies and start-ups.

2014-10-27 15:13:23

SMEs and start-up sector is the most dynamic part of the Romanian economy, and many entrepreneurs have difficulties in access to financing. Bucharest Stock Exchange will allow to small companies to go public and list on the stock exchange.

"SMEs and start-up companies have a huge growth potential, and lack of money delays their development. AeRO will open new financing alternatives of financing for Romanian entrepreneurs, who have great ideas and want to expand their businesses. Many companies, in their early stage of development, can have a great development if they are supported and investors in the capital market are looking for new opportunities to diversify their portfolios," stated Ludwik Sobolewski, BVB CEO.

"We have managed also in Sibiu to facilitate the dialog between those who wish and need financing-representatives of small, medium, but even big enterprises-and Bucharest Stock Exchange representatives-as promoters of an efficient platform to attract financing through the capital market. Now it is easier as never for a company, even as SME, to list on Bucharest Stock Exchange benefitting of all the advantages offered by listing. We are glad that we managed to amplify the interest of the local entrepreneurial environment and we thank our partners," stated Dumitru Ion, doingbusiness.ro CEO.

A company can become public if it has a predictable minimum value of 250.000 Euro, and a minimum 10 per cent free-float. AeRO will be launched by Bucharest Stock Exchange by the end of 2014. Launching date depends on framework approval by the Financial Supervision Authority.

AeRO introduces a new element in Romanian capital market – the institution of Authorized Advisor. To become an Authorized Advisor, a company must be approved by Bucharest Stock Exchange after an evaluation and selection process. The Authorized Advisor will assist the entrepreneur in the pre-listing period, and after that, for reporting purposes (financial reports, current reports, General Shareholders' Meeting, etc.).