WOOD Flash – Romania politics: first step towards early elections
The PNL government announced yesterday (16 January) that it is assuming responsibility for changing the electoral law, so that mayors are elected in two rounds, vs. the current first-past-the-post system (whereby the candidate with the largest number of votes, not necessarily a majority, wins). Immediately, PSD announced that it would trigger a vote of no confidence, which would be likely to take place in early-February; we believe this is likely to be passed, with the support of other parties.
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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