Heads of Hungarian, Romanian stock exchanges discuss cooperation


Photo courtesy Budapest Stock Exchange

The CEO of the Bucharest Stock Exchange Ludwik Sobolewski and Chairman of the Budapest Stock Exchange (BSE) Márton Nagy met in Budapest during an investor conference organized by Concorde Securities to discuss possible cooperation between the two institutions, according to a press release issued by the BSE yesterday.

The heads discussed ways to augment cooperation between the two organizations and establish a regular dialogue. Sobolewski welcomed steps taken by the BSE to promote the development of Hungarian capital markets, which he said would lay the groundwork for potential growth, according to the press release.

Sobolewski added that independent stock exchanges are positioned to support economic growth by meeting the financing needs of companies, reducing the shadow economy and improving transparency, the press release added.

The management of BSE put forward a five-year strategic plan for 2016-2020 in March in which it aims to improve the BSEʼs competitiveness and the growth of the Hungarian economy in the medium and long term, according to reports.


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