Eugeniu Osmochescu
Problems of strengthening the capital market infrastructure in general and opening BVCs in particular were discussed. The event was attended by representatives of the government, regulators, state-owned companies, institutional investors and international partners.
Opening the meeting, Minister of Economic Development and Digitalization Eugeniu Osmochescu reiterated the institution’s firm commitment to the development of a modern, transparent and competitive capital market capable of attracting investments and supporting long-term economic growth.
“The role of the Ministry of Economic Development and Digitalization is very clear: to consider the capital market as part of the economic competitiveness program. The ministry is not just an observer of this process and should not leave this issue solely in the technical area of the financial market. The Ministry of Economic Development and Digitalization should be an institution that links the development of the capital market with the development of the real economy,” the minister said.
Opening of BVC is part of the path to the EU
The participants in the meeting stressed that for Moldova, the development of this market is important for modernizing the economy, facilitating companies’ access to financing, improving corporate governance and enhancing competitiveness in the context of European integration.
It was noted that the development of the Chisinau Stock Exchange is closely linked to the country’s European path, as Moldova’s accession to the European Union will strengthen investors’ confidence and facilitate the integration of the local market into the European financial standards and infrastructure.
The discussions were also focused on the directions of reforms needed for the efficient functioning of the new stock exchange, as well as on the development of partnership with the Bucharest Stock Exchange.
Bucharest Stock Exchange Director General Remus Vulpescu said that BVB, as a strategic partner, will support the commissioning process by sharing the best practices and knowledge gained in managing a mature capital market, which will contribute to strengthening the capital market infrastructure in Moldova.
The Chisinau Stock Exchange should start operating this summer, offering Moldovan companies additional financing opportunities and investors diversified instruments for capital growth. Participants emphasized the importance of a predictable and transparent structure, and highlighted the role of the state and state-owned companies in stimulating the market and attracting investments through modern financial instruments.
