Bucharest Stock Exchange (BVB) says the legislative initiative that bans for two years the listing of state-owned companies restricts the state’s ability to use capital markets to finance expenditures and investments.

BVB considers that such a legislative initiative does not bring benefits to the Romanian state but, on the contrary, restricts its ability to make optimal use of capital markets to finance expenditures and investments, while also delays the process of modernizing and streamlining the state’s holding portfolio.

BVB considers that the state must be a partner to encourage the presence of Romanian companies on the local stock market, and to stimulate the population’s access to the capital market through fiscal measures, which will contribute to increasing the well-being of Romanians in the long run.