On November 19, 2024, the Invest Moldova Agency organized the "Capital Without Borders" event, which brought together over 40 major companies from Moldova, offering them the opportunity to explore access possibilities to the Bucharest Stock Exchange (BVB). The event gathered over 70 participants, including leaders from the financial sector, government authorities, and business representatives from Moldova and Romania.
The main goal of the event was to provide the necessary information and connections to support Moldovan companies in the process of stock market listing and to facilitate easier and more transparent access to the capital market. Participants had the opportunity to discuss the steps required for listing, the advantages of accessing the capital market, and the impact of this process on the economic development of their companies.
Among the attendees was Radu Hanga, Chairman of the Board of the Bucharest Stock Exchange, who presented the opportunities for accessing the Romanian capital market, emphasizing the benefits of listing on the BVB. Additionally, Anca Dragu, Governor of the National Bank of Moldova, and Victoria Belous, Minister of Finance of the Republic of Moldova, discussed governmental support for developing Moldova’s capital market, explaining the legislative measures and regulations implemented to facilitate the listing process. Dumitru Budianschi, Director of the National Commission for Financial Markets, also highlighted the regulations and steps required for Moldovan companies to list on the stock exchange.
During the panel discussion “Experiences and Perspectives of Market Leaders,” insights were shared by companies already listed on the Bucharest Stock Exchange and the New York Stock Exchange. Purcari Wineries, the largest winery listed in Central and Eastern Europe, highlighted the benefits of increased access to capital and financial transparency. Endava, a global IT services company listed on NYSE, emphasized how listing supported talent attraction and retention. MAIB, one of Moldova’s largest banks, underlined the potential and advantages of a future listing, noting how this step could enhance investor relations and financial transparency. AROBS, a technology company listed on BVB, stressed the benefits of listing, including improved access to capital and opportunities for growth through strategic acquisitions. All these companies emphasized the post-listing advantages, such as increased capital access, enhanced transparency, and greater public visibility, which have significantly contributed to their financial performance and strengthened investor relationships.
The "Preparing for New Investments" panel brought together experts in legal consultancy and capital markets, providing participants with comprehensive insights into the process of preparing for stock exchange listing. Speakers included Simona Pirta, Managing Partner at Enache Pirtea & Associates, who discussed critical legal aspects and necessary due diligence; Denis Lefter, Associate at Schoenherr, who emphasized the importance of regulatory compliance and avoiding legal pitfalls; and Bogdan Câmpianu, Managing Director at Wood&Co, an investment firm specializing in Central and Eastern European capital markets, who highlighted key factors for a successful listing.
Other notable contributors were Daniela Maior, Founder of VERTIK, who outlined the support available for Moldovan companies entering the capital market, and Alexandru Gozun, Director at PwC, who addressed essential financial and audit aspects of listing. The panel offered valuable information and clear perspectives on preparing for stock market entry, emphasizing existing opportunities in the capital market and providing practical guidance for Moldovan companies considering accessing international capital markets.
Following the event, Radu Hanga, Chairman of the Board of the Bucharest Stock Exchange, stated:
“We are delighted to stand alongside our partners from the Republic of Moldova in this strategic initiative. We aim to actively contribute to the revitalization of the capital market in Chișinău, together with Moldovan authorities and other local stakeholders, to support the region’s sustainable economic development and provide investors with access to new capitalization opportunities.”