How Moldovan Businesses Can Raise Capital Through the Stock Market

How can Moldovan businesses be attracted to the stock exchange? They are looking to CFA experts for assistance

Romanian professionals are stepping in to help enterprises enter the capital market and explain the benefits of alternative financing to the business community. The National Commission for the Financial Market (CNPF) held an official meeting with a delegation from the CFA Society of Romania and the CFA Institute. The parties discussed the launch of joint programmes, workshops and guidance documents to help Moldovan businesses assess the benefits of listing and prepare, step by step, to enter the capital market.

Adrian Codirlașu

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The main topic of discussion was overcoming the barriers preventing local companies from listing on the stock exchange and drawing on Romania’s experience to raise funds through securities. In particular, issues relating to expanding the capabilities of the new International Stock Exchange of Moldova (BIMx) were raised.

The meeting participants identified key areas of cooperation for the qualitative transformation of the Moldovan financial sector. The possibility of introducing CFA Institute standards and certifications in Moldova was considered, including current programmes in the field of ESG investing, to enhance the qualifications of local analysts, brokers and regulators.

The experience of the CFA Institute Romania will also be drawn upon when analysing regulatory initiatives, developing new financial instruments and establishing a transparent corporate governance ecosystem in Moldova.

Creating ‘success stories’

The partners intend to step up their efforts to improve investment literacy amongst both the general public and the business community, helping them to grasp the principles of portfolio diversification and risk management.

“Market development requires coordinated efforts from the authorities, the business community and the professional community. The CFA Association of Romania is ready to share best regional practices to help Moldovan companies gain access to alternative capital and to offer investors safe and diversified instruments,” noted Adrian Codirlașu, President of the CFA Association of Romania, during the dialogue.

Through this partnership, the CNPF hopes to accelerate the integration of the local capital market into the European financial area and create a reliable alternative to bank lending for Moldovan enterprises.

The first listing of Moldovan companies is scheduled for the end of 2026. Experts agree that the best incentive for the conservative Moldovan business community will be the first successful cases of share placements by local brands, which will demonstrate that it is indeed possible to raise millions of euros through the stock exchange.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.

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