“Investors can currently find in Romania a legislation similar with EU legislation,” Ursache told a news conference.
ASF representative added that 2015 will be an important year for the capital market, as several other issues will be regulated through secondary legislation.
Last year, capital market legislation was subject to significant changes, such as the law on abating the Rasdaq market and the amendments of the capital market law.
Romania is boosting efforts to secure an upgrade to emerging-market status by Morgan Stanley Capital International in 2016 or 2017, which would make the country more attractive to investors.
Ludwik Sobolewski, the head of the Bucharest Stock Exchange, told Bloomberg last October that the stock exchange is making efforts to be put on the watch-list in 2015 and be promoted to emerging-market status in 2016. Bucharest Stock Exchange currently holds a frontier-market status in MSCI Index.