Gelin: Bucharest Stock Exchange on the brink of demise - Azi

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The Bucharest Stock Exchange is on the brink of demise after feeding off illusions - instead of professional investors, the BSE has relied on local clientele; mainly speculators that pursue rapid profit and expect the market to advance day by day, which cannot perpetuate, says Patrick Gelin, the chairman of BRD-SocGen, the second-largest bank on the market in terms of assets."No financial market is created that way.

It was the non-residents, who are now gone, that made the market and the...

Read the whole story in: Ziarul Financiar