Iancu Guda (AAFBR): 2018 is the best year for a stock exchange listing

The head of the Association of Financial-Banking Analysts in Romania (AAFBR), Iancu Guda, suggested that this year is favorable for companies looking to float shares on the Romanian stock exchange.

Guda said that from the perspective of revenues, the consumption is at significant levels that “encourage investments and gains in revenues this year.”

“From the perspective of financing alternatives, 2018 is favorable for a listing on the stock exchange,” said the head of AAFBR in a press conference.

Guda added that the private consumption will grow by around 5 – 6 percent this year, below last year’s levels but enough to support investments.

He went on to say that the creation of new limited liability companies (SRL) in Romania reached a pre-crisis level of 100,000 in 2017. However, Romania still has the second lowest number of companies in EU of 23 per 1,000 inhabitants.

On the number of insolvencies, he said that this year the market will reach a fresh low of 7,000 – 7,500 insolvencies – the lowest figure in 15 years.