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Stock Exchange President: Foreign participation on BVB down to 28 percent

The world financial crisis and the EU directives are the main factors having influenced the activity of European Stock Exchange markets in 2008, according to Stere Farmache, CEO of the Bucharest Stock Exchange (BVB) who attended the Financial Services Forum in Sofia, Bulgaria.

He explained that the period we have been crossing has prompted the BVB leadership to take measures likely to stimulate demand by promoting educational programs. The BVB plans to attract new members able to diversify the activity and promote a rational policy of cutting commissions and also to offer new investment techniques.

Farmache pointed out that in 2008 the structure of investment on the stock exchange has changed. If early in 2008 foreign investors held 40 percent of purchase on the market, they fell to 28 percent at present. The same trend has been noticed at regards sales, from 35 to 30 percent.

Stanislav Georgiev, financial director with UniCredit Tiriac Bank of Romania said the EU funds would have a significant role in supporting Southeastern Europe's economic competitiveness. It involves an improved capacity of the states in the region to develop and carry out investment projects. According to Georgiev, the capitalization of banks in Southeastern Europe stays high but the access to foreign financing and the interests will stay high. Governments, regulatory authorities and other economic entities must give a coordinated answer to the financial crisis and take the necessary measures to ensure economic growth, Georgiev pointed out. He believes the current financial crisis is the right occasion to adopt new measures and regulations to boost economic growth.

 

Sursa: http://www.actmedia.ro

Tags: percent financial bvb foreign exchange stock

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