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The government and the crisis scared away 13,000 investors from the market

The Stock Exchange Bucharest (BVB) got to calculate the investors left on the market, the last three years leaving deep cuts: the stock exchange indicators did not recover from the losses, and the number of investors is at the minimum.

No company listed, and privatizations on the stock exchange are out of the question.

The number of active investors at the stock exchange reached in September the lowest level since 2005, the year when BVB started to publish the first statistical data regarding the evolution of the number of active accounts on the market. The number of accounts through which the investors bought shares in September was only 2,800, minimum level for the last six years, although the corrections of 2011 were not so abrupt as the ones suffered in 2008 when the indicators crashed by over 75%.

The head of the stock exchange says that bad news coming daily from the international level corrobated with the measures taken by the government last year as regards the increase of the taxes and the slowing down of activity of investors on the stock exchange, through repeated reporting, are the main factors that led to the present situation.

'In 2007, when all the markets were at the maximum we had 20,000 accounts in the bank. A big part of the investors went out when Lehman Brothers crashed. When the market started to come back in 2009, they came back timidly. In 2010 there two decisions which the investors did not like, the obligativity to report to ANAF four times per year and another statement in the end. At the same time, there was introduced the tax of 16% for the profit made on the stock exchange for sums over one year against 1% as previously. VAT got higher from 19% to 25% and the budgetary income went down by 25%. How could BVB increase the number of active accounts in these conditions?' Valentin Ionescu, the general manager of the BVB asks.

Sursa: http://www.actmedia.eu

Tags: number exchange stock investors market bvb

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