Culture

Romania, Moldova sign memorandum to launch new stock exchange (PHOTO)

By Abdul Karimkhanov

Copyright trend

Romania, Moldova sign memorandum to launch new stock exchange (PHOTO)

BAKU, Azerbaijan, September 16. The Minister of
Economy, Digitalization, Entrepreneurship, and Tourism of Romania,
Radu Miruță, participated in Moldova Business Week, Trend reports.

The event is the most important economic forum in the Republic
of Moldova, where a Memorandum of Understanding was signed for the
establishment of a new stock exchange in Chișinău – a project
carried out in partnership with the Bucharest Stock Exchange (BVB)
and a group of investors from the Republic of Moldova.

“Romania and the Republic of Moldova are building today not only
a financial bridge but also taking a step together: towards the
West. The launch of the Chișinău Stock Exchange means confidence,
transparency, and a concrete move towards Moldova’s economic
integration into the European Union. We are pleased to be partners
and to provide the 30 years of experience of the Romanian capital
market to make this path irreversible,” declared Minister Radu
Miruță, present at Moldova Business Week.

For his part, Doina Nistor, Deputy Prime Minister and Minister
of Economic Development and Digitalization of the Republic of
Moldova, highlighted the close cooperation between the two
countries: “Romania remains one of the most important partners of
the Republic of Moldova: the largest trading partner, the most
significant cultural partner; we share history and culture, and
Romania is our gateway to the European Union.”

The new stock exchange will be organized as a joint-stock
company and will serve as a strategic pillar for expanding access
to capital for Moldovan companies and attracting foreign
investments, including for integration into the European capital
market. For Moldovan citizens, this initiative offers an
opportunity to valorize their savings through investments in
financial instruments, facilitated also by the creation of pension
and private insurance funds.

The initial share capital will be 3 million euros, invested in
two equal tranches, with participation from the Government of the
Republic of Moldova, BVB, as well as financial institutions and
companies, including maib, Vienna Insurance Group/Donaris, OTP
Bank, Moldindconbank, MK Kapital, and Moldcell.

The brokerage platform will provide access to a wide range of
financial instruments – shares, bonds, government and corporate
securities – and will incorporate modern technologies, including
Arena Trading. The operational launch is scheduled for summer

In his speech, Minister Radu Miruță noted the growing interest
of investors in the Republic of Moldova: “Participating in such
events, I increasingly understand why companies coming to the
Romanian Ministry of Economy say they are interested in investing
in Moldova. This is proof that what you are doing here is
excellent.”

The presence of Minister Radu Miruță in Chișinău, at the
invitation of Deputy Prime Minister Doina Nistor, reaffirms
Romania’s constant support for Moldova’s European integration
process and for a closer economic collaboration between the two