Radu Hanga

President of the Board

Address 4-8 Nicolae Titulescu Avenue, 1st floor, East Wing, district 1, America House Building, 011141 Bucharest, Romania
Telephone +40 21 307 95 02
Email bvb@bvb.ro
Contact Person Stefan Musgociu

FEAS Membership Status Full Member: Joined FEAS in 2003
Website www.bvb.ro


The Bucharest Stock Exchange (BVB) is building competitive capital markets in the Central-Eastern Europe. We are providing financing opportunities for companies looking to raise funds on the Romanian capital market. BVB has witnessed an increasing flow of capital in the recent past, coming from retail and institutional investors, both national and international. The Romanian capital market has embarked on an ambitious development journey and the future growth perspectives are optimistic.


Bucharest Stock Exchange’s mission is to transform the capital market in an active financing tool of the Romanian economy.


BVB is aiming to shape one of the most comprehensive markets in Central-Eastern Europe by creating attractive opportunities both for companies and investors in a dynamic and transparent environment.


BVB will continue to offer its support to the successful closing of privatization process of the state owned companies, list new private companies and increase number of active investors. Key objectives are to transpose international best practices into the local market and to upgrade to the Emerging markets status.

RegulatorRomanian Financal Supervisory Authority
Instrument ListEquity / Corporate Dept / Government Debt / Rights / Warrants / Fund Unites / Certificates
Trading Hours/SessionsPre-opening09:45 – 10:00
Open10:00 – 17:45
Pre-Closed17:45 – 17:50
 Trading at  last 17:50 – 18:00
Order TypesLimit Order / Market Order / Unpriced Order / Hidden Order / Contingent Order / Cross Order / Stop Orders / If Touched Orders / IOC / FOK / Day Order / GTD / Open order
Margin Buying/Short SellingYes
Settlement TypesBIS Model 1 / BIS Model 2
Settlement CycleT+2
Settlement CurrencyRON / EUR
Clearing/NettingNet & Gross Basis
Cross-border Transactions4 dual listings through GDRs in London
Cross-border LinksIndirect links with 20 CSDsthrough Citybank NA London branch,
Direct link with Clearstream banking SA Luxembourg
Anti-money laundering RequirementsBased on law 129/2019 implementing the EU anti money laundering directive
IOSCO MembershipYes (ordinary member)

Working days
Country Romania
Time Zone GMT+3
Days Monday / Tuesday / Wednesday / Thursday / Friday /