Market reformation began several years ago, but the efforts must continue, he also said.
“Effects are not yet visible, but I am extremely confident that if the main players on the market amplify efforts to modernize the market architecture, the current 10.6% will grow significantly in coming years,” Grigoras added.
The market capitalization of local companies listed on the Bucharest Stock Exchange reached 10.6% of the GDP at the end of 2015, the second lowest level among countries in the region, according to data from the Financial Supervisory Authority (ASF), calculated based on the methodology of the Federation of European Securities Exchanges (FESE).
The Romanian stock market capitalization does not include Erste and NEPI.