Belgrade Stock Exchange Modernised

European Bank for Reconstruction and Development Special Stock Fund finances the project and has engaged audit-consultaning firm PwC to help both BSE and interested companies to prepare an initial public offer, i.e. to get out to the stock exchange.

BSE Director Sinisa Krneta said the BSE had yet to grow and that’s why the decision was to start more aggressive campaign to get the BSE activities closer to companies, citizens and professional investors. BSE was following Warsaw Stock Exchange footsteps, said Krneta, because Poland had successfully went through transition Serbia was now experiencing.

He added that because interest rates were at a historical low level, people with money look to move it from “the place where it sits to somewhere where it can generate new values”.

But, Krneta warned that investment carried some risks. However, he added, there were examples of advanced stock exchanges existing in underdeveloped countries, but that there was no a developed country without an advanced stock exchange.