Howhas the Bucharest Stock Exchange turned from an idea and a computerborrowed from the NBR into an arena where 25bn euros' worth ofcompanies are traded? Stere Farmache, BSE chairman and the onewhose name has come to be a synonym of the Romanian capital market,speaks about the development of the capital market over the past 15years: from early '90s, when the BSE management shared its officewith the Montreal Bourse deputy chairman and stock trades did notexceed several tens of thousand dollars in value, to the present,when structured products or foreign stocks are traded on the BSE.
A 20bn-euro capitalisation, over 70 listed companies, severaltens of thousand investors hoping they will make it one day andanother several hundred brokers who will not give in to thefinancial crisis fallout, this is how the BSE looks today. Still,the figures have 15 years of efforts, dreams, achievements andregrets of some persons who are not necessarily in the spotlighttoday behind them.
"In the early '90s, I worked with the Finance Ministry and I didnot even dream I would work on the capital market. (...)," the BSEchairman says.
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