The executive is discussing with the Financial Supervisory Authority (ASF), the Bucharest Stock Exchange (BVB) and the Central Depository (DC) measures aimed at helping the so-called “couponaries”, i.e. people who “own” the shares of companies that have expired. registered on the capital market after the mass privatization program of the 90s of the last century, the sale of relevant stakes, according to a government document analyzed by Profit.ro.

“A possible reason for the low liquidity of some shares on the Romanian market is the presence of inactive retail accounts, which hold shares allocated to citizens under the 1995-1996 Mass Privatization Program. The lack of activity of the owners of these shares affects not only the liquidity of the market, but also the brokers, BVB and the Central Depository, who cannot take advantage of the opportunity to receive income from other possible transactions. “In recent years, BVB and DC have offered awareness programs to reach inactive shareholders, but the situation has not significantly improved,” the document said.

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