The reclassification recognizes the high level of accessibility for international investors, robust financial infrastructure, and strong international economic integration of the Romanian market.

Romania now joins a select group of five capital markets designated as Advanced Frontier Markets by MSCI, alongside Slovenia, Estonia, Lithuania, and Latvia. This new subcategory, introduced by MSCI this year, highlights markets that, while currently classified as Frontier Markets due to liquidity or size, exhibit accessibility levels comparable to developed markets. 

Such an upgrade is anticipated to attract substantial capital inflows into listed Romanian companies and, by extension, the national economy, according to the Bucharest Stock Exchange (BVB).

Radu Hanga, President of the Board of Directors of the BVB, said: "I am convinced that, also together, we will soon succeed in meeting the remaining criteria necessary for obtaining the Emerging Market status from MSCI as well." 

Currently, 35 Romanian companies are included in MSCI indices. Furthermore, Romania is already recognized as an Emerging Market by FTSE Russell, with 14 Romanian companies present in its indices.