Few people seem to have noticed that the attitude of the NBR's governor towards to the Bucharest Stock Exchange has fluctuated wildly, in the 21 years since Prime Minister Petre Roman issued the Government decision to create the Romanian Stock Exchange, in March 1991.
After Petre Roman was forced to resign by Ion Iliescu, the Governor was the only one to pursue the goals of the Decision issued by the Prime Minister who had fallen out of favor (in a program agreed with the World Bank): he initiated a group that would draft a law of the Stock Exchange, brought together a collective which he trained for the operation on the capital market (whereas the authorities and the politicians had a different set of problems, such as, for instance, not selling our country to foreigners). In 1993 he granted the future Bucharest Stock Exchange a loan of 3 billion lei (which was repaid on time), and starting with 1994, he offered it the ground floor of the NBR (where the BSE was hosted for nine years).
The first General Commissioner of the Bucharest Stock Exchange, Costin Donoaica, (the position was eliminated in 2004, when Ionel Oprea left) had been the head of the collective of the NBR specializing in stock market activities, a collective which was "shifted over" to the BSE upon its creation.
Just like the foal hits the mare it's sucking from, the inauguration of the Bucharest Stock Exchange in 1995 (June 23rd, - a formal inauguration, trading only began on November 20th), marked the beginning of a rivalry between the Stock Exchange and the banking market, on the topic of government bonds, which brokers claimed were "assets specific to the capital market" (at the time, government bonds were where the money was at, compared to stock trading, which amounted to no more than peanuts; but, of course, brokers haven't learned anything since then, all they do is complain
