WOOD Flash – Feedback from Bucharest - House of cards, Romanian style
During our trip to Bucharest, earlier this week, we had the opportunity to meet with the central bank and representatives of local and international institutions. The mood on the ground is muted, amid a fragile political outlook (watch out for the European Parliament elections in May), a weakening macro environment and the uncertainty created by the Emergency Ordinance, issued on 18 December 2018. In view of this low visibility, the trip confirmed our assessment over the Romanian macro outlook, and we believe volatility will remain the name of the game for the local equity market for the foreseeable future.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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