The Bucharest Stock Exchange is investing in a new, modern stock exchange in Moldova - the Chisinau Stock Exchange
The Moldovan Ministry of Economic Development and Digitalization announced this, noting that our state will participate in this stock exchange as a shareholder with a stake that will allow influencing the direction of the stock exchange's development and firmly commit to the development of the capital market in our country. The ministry welcomed this strategic investment in the Moldovan economy, noting that our country will have a stock exchange that will serve and support the needs of the economy. The Moldovan Ministry of Economic Development and Digitalization described the establishment of the Chisinau Stock Exchange as a step that opens new development opportunities for our entrepreneurs. "The stock exchange is a civilized, transparent meeting place for the entrepreneur and the investor. Only by having access to the stock exchange, any citizen can become an investor. The stock exchange gives everyone the opportunity to multiply their savings much faster than a bank deposit,” the agency said The ministry named a number of advantages of the Chisinau Stock Exchange in Moldova, noting that all citizens will be able to invest in financial instruments that will become the basis for private pension and insurance funds. Our companies will have easier access to Romanian and international capital thanks to advanced trading technologies. "We are attracting global institutional investors who will integrate our companies into global value chains. We are connecting with European markets and accelerating our capital market development. The partnership with the Bucharest Stock Exchange, a prestigious organization, brings experience and international credibility to our capital market. This is a strategic project on which we have worked together with the National Bank of Moldova, the National Commission Financial Markets and the Ministry of Finance of Moldova. This undertaking, brought to the end, will serve the needs of the economy and every citizen,” the Ministry of Economic Development and Digitalization of Moldova said. Earlier, Governor of the National Bank of Moldova, Anca Dragu, said after a working visit to Bucharest that the Chisinau Stock Exchange has good chances for development, and Moldova can also become an interesting market for foreign companies that are already in Romania Anca Dragu held talks with representatives of the Bucharest Stock Exchange (BVB), the Financial Supervisory Authority (ASF) and the Romanian National Bank. The talks focused on the possibility of dual listing of Moldovan companies on the Moldovan stock exchange, as well as foreign ones, and mechanisms of trading in shares and other financial instruments on the BVB. Special attention during the discussions was paid to the study of experience and best practices in order to develop the Moldovan stock market. Following these meetings, Governor of the National Bank of Moldova specified that the Moldovan financial market needs rapid development, and the relations with the Bucharest Stock Exchange can accelerate this process // 10.12.2024 - InfoMarket
