Since the Romanian Revolution of 1989, successive Romanian governments have tried to promote reform programs in all sectors: politics, economics, civil rights, local administration, etc. Among these measures has been the establishment of the modern Romanian capital market. Development of a Romanian capital market was founded on the privatisation program, in which shares in more than 5,000 companies, property of the Romanian State, were granted for free to the population.
The Romanian capital market had two main components: the Bucharest Stock Exchange (BSE) and the RASDAQ market (in the process of being licensed as an Alternative Trading System). There are around 70 companies listed on BSE and around 1,600 on RASDAQ. Romania has a derivatives exchange - The Sibiu Monetary Financial and Commodities Exchange (BMFMS). The Romanian market is regulated by the National Securities Commission.
Famous quotes containing the words capital and/or market:
“No wealth can buy the requisite leisure, freedom, and independence which are the capital in this profession. It comes only by the grace of God. It requires a direct dispensation from Heaven to become a walker. You must be born into the family of the Walkers. Ambulator nascitur, non fit.”
—Henry David Thoreau (1817–1862)
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)