Page 154 - SE Outlook Regions 2023

5.5 Markets - Kosovo

Kosovo does not have a stock exchange. Creating one would help
revive the economy, increasing liquidity and encouraging more people
to invest.

5.6 Markets - Moldova

While Moldova’s local stock exchange remains rather irrelevant, major
companies in the country are seeking to list their shares on the
Bucharest Stock Exchange (BVB).

The leader of the Moldovan banking market, maib (Moldova Agroind
Bank), has received its shareholders’ approval to list its shares on the
BVB. In December 2022, the supervisory board of maib approved a
syndicate of investment banking advisors, following the decision of
December 14 to list the company's shares on the main market of the
BVB.

The second-largest Moldovan telecommunications operator Moldcell,
taken over in 2020 by Nepalese group CG Corp Global owned by Binod
Chaudhary, plans to list its shares on the BVB.

The two companies would join Purcari Winery — a company set up in
Moldova but also operating in Romania – that already has its shares
listed on the BVB.

”Successful listing of maib shares on the international stock exchange
would be an important achievement not only for the bank but for the
whole country – as it would place Moldova under the spotlight of

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