Loading ...The 2009 turnover of the Bucharest Stock exchange /BVB/ will reach 10 million euro at the most, which represents the median level in 2008, the president and CEO of BVB, Stere Farmache, told Agerpres on November 17.
He said the BVB shareholders would discuss in the 18 December General Assembly the 2009 budget draft and this would take into account the expectations regarding the market’s trend in 2009.
He said the BVB shareholders would discuss in the 18 December General Assembly the 2009 budget draft and this would take into account the expectations regarding the market’s trend in 2009.
According to the BVB official, the 2009 budget of BVB will be lower than the 2008 one in terms of revenues and profit, and expenditures will be adjusted accordingly.
Farmache added BVB would most likely post profit in 2008, even though it would be lower.
The listing of the BVB stock in its own trading platform will also be on the agenda of the said General Assembly, and the listing could tale place in H2 2009.
Farmache added BVB would most likely post profit in 2008, even though it would be lower.
The listing of the BVB stock in its own trading platform will also be on the agenda of the said General Assembly, and the listing could tale place in H2 2009.
The best year for BVB was 2007, when the total revenues recorded by BVB amounted to 54.2 million lei, and the expenses stood below 20 million lei, which led to a net profit of 29 million lei.
In the first 10 months in 2008, the BVB trading reached 1.8bn euro, and the stock capitalization amounted to 14.2bn euro, despite the drop by over 2 thirds in the value of the shares listed since the start of the year, according to the data presented on November 17 at the official opening of trading that marked the 10th anniversary of Ziarul Financiar daily.
In the first 10 months in 2008, the BVB trading reached 1.8bn euro, and the stock capitalization amounted to 14.2bn euro, despite the drop by over 2 thirds in the value of the shares listed since the start of the year, according to the data presented on November 17 at the official opening of trading that marked the 10th anniversary of Ziarul Financiar daily.
In 1998, the value of the BVB trading amounted to 220 million euro and the capitalization stood at 360 million euro.
The main index BET recorded in 1998 sharp falls of 50% amid the financial crisis in Russia. Ten years on, BET could record the second annual fall in its history, after the international financial crisis prompted a drop of over 70% in the first 10 months in 2008.
The main index BET recorded in 1998 sharp falls of 50% amid the financial crisis in Russia. Ten years on, BET could record the second annual fall in its history, after the international financial crisis prompted a drop of over 70% in the first 10 months in 2008.
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