Electrica will be included in most of the major indexes at the Bucharest Stock Exchange.

The index structure (including the indices’ weights), the representation factors, the liquidity factors and the price correction factors will be calculated by BVB based on the number of shares and closing prices of August 1, 2014. The free float factors will remain unchanged; for Electrica a free float factor of 0.5 will be applied (the holdings of the Romanian State and EBRD are considered non-free float).

The new index structure will be disseminated on August 1 and will become effective as of August 11, 2014.

BSE gives up some of the fees

Bucharest Stock Exchange (BVB) Board of Governors decided to eliminate fees for the transactions conducted on the primary market by the Ministry of Public Finance (MFP) for the government securities issuances designated exclusively to retail investors.

Both the issuer and the buyer will no longer pay trading fees for the operations on the primary market.

BVB aims to accommodate a market for this type of government securities, in order to meet the criteria specified by MFP as issuer, so that BVB will be considered an efficient alternative compared to other markets, also in terms of costs.

Moreover, BVB’s purpose is to define an efficient framework for these instruments, based also on its fees’ structure, which will support the development of this segment, by attracting new investors and by encouraging an active market.

Trading fees applied to the transactions for the secondary market of government securities designated to retail investors will be 1 leu/transaction, both for the buyers and the sellers.

The intermediaries acting as Market Makers on this market will have a trading fee of only 0.5 lei/transaction, as a stimulus for bringing more liquidity to this market.