A memorandum establishing a new stock exchange in Moldova was signed on September 16 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner. 

At the launch event, Prime Minister Dorin Recean said the initiative is “a decisive step for the financial market and integration into regional financial markets”, as quoted by Bursa. He said that the new exchange will connect Moldova to European markets and create opportunities for entrepreneurs, foreign investors — especially from Romania — and the Moldovan diaspora.

“Moldovan companies can now operate globally and hire talent from anywhere. Our focus is on education, industrialisation, IT, services, and regional projects, including Ukraine’s reconstruction. Infrastructure is improving, education is advancing, and the Republic of Moldova is increasingly integrating into the global economy — a fertile ground for investors,” Recean added.

"The upcoming Chisinau Stock Exchange will be an essential pillar for the economic development of the Republic of Moldova. For the Bucharest Stock Exchange it is an honour to be with this project, bringing our experience and resources, but especially the desire to build together with local partners a modern and transparent market,” said Radu Hanga, president of the board of directors of the BVB, according to a Facebook post by the exchange. 

“The Republic of Moldova has a formidable development potential during its European course. Our vision is to contribute to creating a robust and dynamic capital market, a market where investors and companies achieve their most ambitious aspirations by using modern investment and financing tools in a secure and transparent framework,” added Remus Vulpescu, BVB general manager. 

According to project documents seen by Bursa, the BVB plans to invest about €400,000 in the new exchange, from an initial share capital of €1.27mn. This would give it a 31% stake at launch. Depending on future capital increases, BVB’s holding could range between 13.3% (if it does not participate) and about 20% (if it contributes an additional €200,000 in follow-on funding).

The new Moldovan exchange will run on BVB’s ARENA Trading platform, provided under a Software-as-a-Service contract.

The BVB highlighted that the project aligns with Moldova’s National Capital Market Development Strategy 2025-2030, its National Economic Development Strategy 2030, and the EU’s Growth Plan for Moldova. The shared goal is to modernise market infrastructure, broaden access to capital and stimulate investment-led growth.