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Martin Harris: Development of trade relations between Great Britain and Romania is a priority

The development of the trade relations between Great Britain and Romania is a priority, and the development of the Bucharest Stock Exchange (BVB) can facilitate these relations, Ambassador of the United Kingdom of Great Britain to Romania Martin Harris said in the opening of the Monday trading session.

For me, said the British Ambassador, the development of the trade relations is a priority, because it is very important both for Romania and for Great Britain to boost economies after the crisis. Especially because trade exchanges between England and Romania registered an over 30 percent growth [in 2010 compared with 2009] and I would like to encourage this trend in the future, said Martin Harris.

He stressed that his visit to BVB was a sign of recognition of the Bucharest Stock Exchange development, especially after the Proprietatea Fund (FP) listing. At the same time, the official referred to the possibility of developing a cooperation between BVB and the London Stock Exchange (LSE).

It was remarkable that BVB registered a significant increase in transactions after this event [FP listing], Martin Harris said, adding that in his opinion, there was great potential for the future development of this stock market. The London Stock Exchange is the centre of the global financial industry and has about 3,000 companies in over 70 countries, worth more than 3.5 trillion dollars, he mentioned. According to the British Ambassador, this was an important moment for the development of the relations between BVB and the LSE, and to him, the development of the trade relations between Great Britain and Romania was a priority. I am looking forward to our discussion on the BVB development and on the future relations between the LSE and BVB, said Martin Harris. Also, the British Ambassador mentioned that he wanted to organize a visit of an LSE representative to Bucharest.

In the same context, BVB president Stere Farmache also supported the cooperation between BVB and the London Stock Exchange.

'We met [the Ambassador of the United Kingdom of Great Britain] during a celebration of BVB on the occasion of the FP listing and then we thought that BVB and the LSE had long time connections and that these connections could be resumed. BVB and the LSE have functioned at some point under a cooperation protocol, which I think can be renewed for the benefit of both markets,' Stere Farmache said on Monday.

Trade exchanges between Romania and Great Britain in 2010 reached 2.05 billion euros, increasing 30 percent compared with 2009. British imports accounted for 1.25 billion euros, increasing 54 percent compared with 2009, and British exports to Romania amounted to 800 million euros, 12 percent higher than in the previous year.

Sursa: http://www.actmedia.eu

Tags: bvb between development stock exchange ambassador british priority britain trade harris relations great martin romania

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