The Romanian capital market is witnessing fairly strong development, reported the national daily Gandul Tuesday, citing a local expert.
"In recent years, Romania's bourse indicators have had quite a robust advance, annual trades topped 5 billion euros (7.4 billion U.S. dollars), including the Rasdaq over-the-counter market. This is not too high a value, but it's good and the growth pace is strong. The amount of Rasdaq trades increased five times in 2007 against the year before," said Razvan Pasol, SSIF Intercapital director general and one of the most renowned Romanian brokers.
"The Romanian Stock Exchange is in a country with an economic growth rate and an advance in corporate profitability higher than in other countries," said the broker, adding that, "The institution's weak points are the too few interesting issuers and implicitly the still lacking liquidity."
The Romanian Stock Exchange counts among the top five in Central and Eastern Europe, although it implemented the management-employee buy-out program, it will take some time before it catches up with other exchanges in the Czech Republic, Hungary or Poland.