The “Accessing international capital markets” Forum gathered professionals and entrepreneurs interested in listing on the stock exchange

"After flower bridges, we build capital bridges"

Maib together with the Bucharest Stock Exchange, in partnership with WOOD & Co, with the support of EBA Moldova and AmCham Moldova, organized the "Accessing international capital markets" Forum.

The event aimed to bring representatives of the business environment, capital markets professionals, representatives of international financial institutions, and high-ranking dignitaries from the Republic of Moldova and Romania into the same discussion line. On the Forum's discussion agenda were topical subjects such as the advantages of listing, listing methods, technical aspects, necessary approvals, investor demand and the experiences of companies listed on an international stock exchange.

Adrian Tănase, CEO of Bucharest Stock Exchange:

“We want to share as much of our experience as possible with the business community in the Republic of Moldova because the Bucharest Stock Exchange is positioned as a pole of stability in the region and is an attractive destination from the investment point of view. The stock market is one of the essential pillars in the development of any economy because it ensures, first, a continuous flow of capital between investors, those who have money and want to invest it, and companies looking for capital in their development.

Twenty-seven years ago, when it was re-established, the Bucharest Stock Exchange took everything from scratch and developed continuously, aligning itself with the highest standards at the European level, both in terms of regulations and market mechanisms, to provide investors and companies with a safe, transparent and viable environment for investing and attracting capital. The proof of these achievements are the 144 financing rounds carried out in the last four years on the capital market in Romania, through which both the Romanian State and private companies attracted almost 5.8 billion euros from investors".

Present at the event, Mr Kent G  Logsdon, US Ambassador to Moldova, Mr Janis Mazeiks, the Ambassador of the EU Delegation to the Republic of Moldova, Mr Rodgers Chawani, Head of IMF Office in Moldova, Mrs Angela Sax, EBRD, Head of Moldova Office spoke at the opening of the Forum about the importance of attracting investments for the economic development of the country, about the country's investment potential and the need to capitalize on it.

The Forum consisted of two panels. Mr Vasile Tofan, Chairman of Purcari, Giorgi Shagidze, CEO of maib, Adrian Tănase, CEO of the Bucharest Stock Exchange and Vytautas Plunknis, Head of Private Equity at Invalda INVL, participated in the first panel with the generic title "Experience of a Listed Company" of guiding a company to list on the capital market, the importance of government support, the major role of corporate governance and transparency in gaining investor confidence. The discussions were moderated by Mariana Rufa, Executive Director of EBA Moldova.

The speeches in the second part of the Forum were about encouraging listing, focusing on legal and regulatory aspects. Mr Dumitru Alaiba, Minister of Economy of the Republic of Moldova, Mr Vitalie Lemne, Vice-President of CNPF,Moldova, Mr Mihai Precup, Secretary of  Ministry of Finance of Romania and Ovidiu Petre, Director of Financial Instruments and Investments Sector of the Financial Supervisory Authority in Romania, spoke about the vision regarding the capital markets of the Republic of Moldova and Romania.

In the second Panel, where the Listing  Roadmap for listing was discussed, capital markets professionals, including Mrs. Narcisa Oprea, Partner at Schoenherr Law Firm, Mr. Bogdan Campianu, Managing Director WOOD&Co Romania, Mr. Cristian Petre, Portfolio Manager at NN Pensions, Mr. Christian Matei, Senior Brokerat TradeVille. The speakers, together with the moderator Daniela Șerban, President of ARIR, discussed the specific procedures and requirements for listing at the Bucharest Stock Exchange. The participants highlighted the impressive growth recently recorded by the Bucharest Stock Exchange.

Giorgi Shagidze, CEO maib:

"We would like to thank the speakers, participants and audience at today's forum for making this event a huge success. In particular, we are pleased to see such interest from entrepreneurs in the Republic of Moldova, including maib corporate customers interested in accessing local and international capital through listing on the stock exchange.

We felt encouraged by the support and understanding of the key public officials who attended the event today, and I would like to thank them from the bottom of my heart.

We are incredibly grateful for the support the Bucharest Stock Exchange provides, which backs up this development initiative. Listing on a stock exchange may seem like a distant concept, but in reality, it translates into cheaper financing, additional jobs, new business opportunities, and support for entrepreneurs. Listed businesses are more mature, and have better corporate governance, a greater degree of transparency, a more reliable share structure, and a higher level of corporate social responsibility – all of which can help Moldova become a great success. As maib plans to list on the Bucharest Stock Exchange, we are willing to share our experience and expertise with other Moldovan businesses and guide them in this process."

About maib

Maib is the largest bank in Moldova with a share of 32.5% of deposits and 36.3% of loans of the entire banking system at the end of 9 months of 2022. The bank is of systemic importance and serves almost a third of the country’s population. Since 2018, maib’s largest shareholder is a consortium, which includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, a leading asset management group in the Baltic States and Horizon Capital, a private investment fund focused on emerging markets from Europe.

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