“This is the first time we have the chance to be promoted. We fulfil all their requirements, the quantitative and qualitative conditions. However, this doesn’t mean that we will automatically be promoted. It means that we will be considered by the FTSE index committee for a promotion. For them, the feed-back they receive from their clients, from the investment funds that follow the FTSE indices, the feed-back from these investors related to the Romanian market, matters a great deal”, Tanase also said.
Romania has been on the watch list of countries for reclassification, since the latest assessment by FTSE Russell in September 2018, and this year, it might be upgraded from Frontier to Secondary Emerging market.
“We aim to increase liquidity. One of our targets is to increase the efficiency of the secondary market”, Tanase also said.