The market capitalization of the Bucharest Stock Exchange exceeded the EUR 100 billion threshold (RON 537.7 billion) for the first time in its history at the end of 2025, the highest level in the past 19 years, and growth accelerated in 2026, according to the ninth edition of the PwC Romania report “Bucharest Stock Exchange and M&A valuation multiples.” The Regulated Market accounted for RON 523.7 billion, up by 49% compared to 2024, while the MTS/AeRO segment reached RON 14.6 billion, up by 15%. The BET index increased by 46% in 2025, to 24,439 points, its best annual performance since 2009, while the BET-TR index, which also reflects the dividends paid by its constituent companies, advanced by 55%, to 57,230 points, ranking among the top-performing equity indices globally. “2025 was a landmark year for the local capital market.