Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Bucharest Opens New Exchange

BUCHAREST -- Romania opened its first stock exchange in almost half a century Friday -- a landmark in post-communist market reforms.

One thing was missing amid the computer screens and gilt grandeur of the central bank chamber housing the Bursa de Valori Bucuresti -- stocks to trade.

But brokers and leaders of the new exchange insist they are optimistic that within a couple of months they will have a handful of banks, brewers and other companies listed. "We will probably be trading at the end of August," said Virgil Anastasiu, vice-president of the Bucharest exchange.

Some fear the exchange will be a capitalist version of "Temples of Famine" -- empty supermarkets of the communist era. "It's not going to be a Temple of Famine," Anastasiu said. "We are going to present to issuers the advantages of having their stocks listed on the Bucharest exchange."