{"id":241947,"date":"2025-11-06T18:33:06","date_gmt":"2025-11-06T18:33:06","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=241947"},"modified":"2026-04-11T15:03:17","modified_gmt":"2026-04-11T15:03:17","slug":"lichiditatea-bursei-romanesti-se-vindeca","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=241947","title":{"rendered":"Lichiditatea bursei rom\u00e2ne\u015fti se vindec\u0103"},"content":{"rendered":"<p>\n<strong>Aceast\u0103 \u00eembun\u0103t\u0103\u0163ire a lichidit\u0103\u0163ii nu vine din vid. Mai multe companii antreprenoriale aleg bursa pentru a-\u015fi accelera dezvoltarea \u015fi pentru a-\u015fi valida transparen\u0163a \u00een fa\u0163a investitorilor. Branduri rom\u00e2ne\u015fti cunoscute se preg\u0103tesc pentru listare, miz\u00e2nd pe ideea c\u0103 pia\u0163a recompenseaz\u0103 businessurile s\u0103n\u0103toase \u015fi penalizeaz\u0103 lipsa de guvernan\u0163\u0103.&nbsp;<\/strong><\/p>\n<p>\n&nbsp;<\/p>\n<p>\n<img \/>Pe pia\u0163a de capital rom\u00e2neasc\u0103, una dintre cele mai persistente \u015fi dureroase probleme \u2013 lichiditatea redus\u0103 \u2013 d\u0103 semne clare de vindecare. Este, poate, cea mai bun\u0103 veste pe care o poate primi un ecosistem care aspir\u0103 s\u0103 devin\u0103 un canal serios de finan\u0163are pentru companiile rom\u00e2ne\u015fti \u015fi o destina\u0163ie atractiv\u0103 pentru economiile investitorilor locali. Iar statisticile recente de la bvb.ro&nbsp; nu las\u0103 loc de interpret\u0103ri optimiste f\u0103r\u0103 acoperire: lichiditatea cre\u015fte, sus\u0163inut \u015fi constant, iar num\u0103rul de tranzac\u0163ii revine la niveluri record.<\/p>\n<p>\n\u00cen 2024, valoarea medie zilnic\u0103 de tranzac\u0163ionare pe pia\u0163a reglementat\u0103 \u015fi AeRO, lu\u00e2nd \u00een calcul toate instrumentele, a fost de 29,8 milioane euro, \u00een sc\u0103dere u\u015foar\u0103 fa\u0163\u0103 de recordul de 31 milioane euro din 2023, dar mult peste nivelul din 2021 (17,4 milioane euro). Pentru ac\u0163iuni \u015fi instrumente structurate, valoarea s-a situat la 14,28 milioane euro, semnificativ peste media din perioada 2017\u20132020, c\u00e2nd cifrele oscilau \u00eentre 9 \u015fi 12 milioane euro pe zi. Anul 2025 pare \u015fi mai promi\u0163\u0103tor, estim\u0103rile indic\u00e2nd o valoare medie zilnic\u0103 de 33,5 milioane euro pentru toate instrumentele \u2013 un maxim istoric. La fel de \u00eencurajatoare este \u015fi evolu\u0163ia num\u0103rului de tranzac\u0163ii.<\/p>\n<p>\n\u00cen 2023, s-au \u00eenregistrat aproape 2 milioane de opera\u0163iuni (1,9771 mil.), iar \u00een 2024 s-a trecut pentru prima oar\u0103 pragul de 2,6 milioane de tranzac\u0163ii \u2013 o cifr\u0103 care ar fi p\u0103rut utopic\u0103 \u00een urm\u0103 cu doar c\u00e2\u0163iva ani. Comparativ, \u00een 2019, num\u0103rul total era de doar 578.700. Aceast\u0103 \u00eembun\u0103t\u0103\u0163ire a lichidit\u0103\u0163ii nu vine din vid. Mai multe companii antreprenoriale aleg bursa pentru a-\u015fi accelera dezvoltarea \u015fi pentru a-\u015fi valida transparen\u0163a \u00een fa\u0163a investitorilor. Branduri rom\u00e2ne\u015fti cunoscute se preg\u0103tesc pentru listare, miz\u00e2nd pe ideea c\u0103 pia\u0163a recompenseaz\u0103 businessurile s\u0103n\u0103toase \u015fi penalizeaz\u0103 lipsa de guvernan\u0163\u0103.&nbsp; Nu e \u00eenc\u0103 momentul triumfalismului. Volatilitatea r\u0103m\u00e2ne ridicat\u0103, iar structura pie\u0163ei e \u00een continuare dominat\u0103 de retail. Dar dac\u0103 tendin\u0163a actual\u0103 se men\u0163ine, atunci ceea ce a fost considerat\u0103 mult\u0103 vreme o ran\u0103 ad\u00e2nc\u0103 \u2013 lichiditatea slab\u0103 \u2013 \u00eencepe, cu adev\u0103rat, s\u0103 se vindece.&nbsp;&nbsp;<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aceast\u0103 \u00eembun\u0103t\u0103\u0163ire a lichidit\u0103\u0163ii nu vine din vid. Mai multe companii antreprenoriale aleg bursa pentru a-\u015fi accelera dezvoltarea \u015fi pentru a-\u015fi valida transparen\u0163a \u00een fa\u0163a investitorilor. Branduri rom\u00e2ne\u015fti cunoscute se preg\u0103tesc pentru listare, miz\u00e2nd pe ideea c\u0103 pia\u0163a recompenseaz\u0103 businessurile s\u0103n\u0103toase \u015fi penalizeaz\u0103 lipsa de guvernan\u0163\u0103.&nbsp; &nbsp; Pe pia\u0163a de capital rom\u00e2neasc\u0103, una dintre cele [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510,531,512,7208],"tags":[7580,46207,7216,12985],"class_list":["post-241947","post","type-post","status-publish","format-standard","hentry","category-actualitate","category-energie","category-revista-bm","category-servicii-financiare","tag-actionari","tag-branduri-romanesti","tag-bursa","tag-lichiditate"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/241947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=241947"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/241947\/revisions"}],"predecessor-version":[{"id":241971,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/241947\/revisions\/241971"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=241947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=241947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=241947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}