“The firm will be selected in the next two to three weeks,” market participants told Mediafax.

In November, the shareholders of the Bucharest Stock Exchange relieved Valentin Ionescu of his general manager duties, citing several reasons for the move, including insufficient commitment and poor performances.

Early January, the exchange voted a new board management. The shareholders elected Lucian Anghel for the position of chairman of the board.

Anghel replaced Stere Farmache, who was confirmed for a position of board member.