Moldova's Stock Exchange has good chances for development and the country can be an interesting market for foreign companies, including those operating in Romania - Anca Dragu.
This was stated by the Governor of the National Bank of Moldova (NBM) after her working visit to Bucharest. According to NBM, during 2 days Anca Dragu held talks with representatives of the Bucharest Stock Exchange, Financial Supervisory Authority and the National Bank of Romania. They concerned the possibility of dual listing of Moldovan companies on the Stock Exchange of Moldova and foreign companies, as well as mechanisms of trading in shares and other financial instruments on the Bucharest Stock Exchange. The emphasis during the discussions at the Bucharest Stock Exchange was the study of the experience and best practices of the stock market development in Moldova. Following these meetings, Governor of the National Bank of Moldova said that Moldova's financial market needs rapid development, and the relations with the Bucharest Stock Exchange can accelerate this process. "There is positive feedback from Bucharest because people already know each other. We know each other, we cooperate and I think we will soon be able to work together," Anca Dragu said. According to the NBM Governor, legislative amendments and a number of other measures are necessary to ensure this functionality. The topics discussed with the representatives of the Financial Supervisory Authority, in their turn, concerned the requirements of the European legislation regarding the listing on the stock exchanges of the EU countries, in order to ensure the access of Moldovan companies and attract investments on foreign markets. The participants in the meeting also examined the reporting requirements for the investment companies, as well as the supervision of the share deals. In the continuation of the discussions, Anca Dragu discussed with representatives of the Romanian National Bank the supervision and regulation of stock exchange operations with banking assets, as well as the mechanisms and interventions applied by the central bank to ensure the quality of shareholdings. Following the discussions, agreements were reached to conclude a cooperation agreement for the exchange of information between the supervisory authorities. The visit of the Governor of the National Bank of Moldova to Bucharest was aimed at promoting the interconnection between the capital markets of Moldova and Romania and was held in continuation of the discussions at the forum "Moldova-Romania: Capital Bridges", recently held in Bucharest with the participation of high-ranking officials from the two states. The delegation of the National Bank of Moldova also included Vice Presidents Constantin Schendra and Tatiana Ivanicichina, Counselor Alexandru Savva and heads of NBM subdivisions. // 11.04.2024 - InfoMarket.
