Moldova International Exchange (BIMx)

On 15 October 2025, the Government justified creating the exchange by the need to diversify the economy's financing and reduce its dependence on bank credit.

Sources: Government of the Republic of Moldova, 15 October 2025; explanatory note to draft Government decision no. 768/APP/2025.

According to CNPF (16 October 2025), the launch of the exchange is part of the National Capital Market Development Strategy 2025–2030. The Government's stated aim: alternative financing sources for companies and more options for investors. The explanatory note to the draft decision indicates a potential of 200–300 million euros from exchange issues.

BIMx is a joint-stock company, created through a public-private partnership. When the license was issued, CNPF accepted the qualifying holdings of five entities, which together account for 78,34% of the share capital:

• Bucharest Stock Exchange — 26,67%
• Public Property Agency (the state) — 20%
• Donaris Vienna Insurance Group — 11,67%
• Grawe Carat Asigurari — 10%
• Moldova-Agroindbank — 10%

Sources: CNPF, 25 August 2026; BIMx, 25 August 2026.

The rest of the capital is held by the project's other partners: Moldindconbank, OTP Bank Moldova, MK Kredit Company, Moldcell, and Premier Energy.

The management was confirmed by CNPF for three-year terms: Veronica Arpintin — chair of the executive body, Andrian Iastremschi — deputy chair.

The trading platform is called ARENA, and BIMx receives strategic and technical assistance from the Bucharest Stock Exchange. The Government approved the creation of the exchange on 15 October 2025, and CNPF registered the founding share issue — 29.475.000 lei, 2.947.500 shares of 10 lei each — on 20 January 2026.

The authorization process is complete. CNPF issued the market operator license and the authorizations for operating a regulated market and a multilateral trading facility. All three acts were issued for an unlimited term, and the Commission also accepted the rules of the two trading systems.

Sources: CNPF Decision no. 42/3; CNPF, 25 August 2026; CNPF Decision no. 3/5; Government Decision no. 688; Public Services Agency, Electronic Bulletin 01-2026; BIMx, 25 August 2026; BIMx, 28 September 2026; Public Property Agency, 15 October 2025.

An investor does not trade directly on the exchange. Access happens through intermediaries authorized by CNPF — investment firms.

After the launch, BIMx is expected to open three directions:

• for companies and local public authorities — raising capital through stock and bond issues, as an alternative to bank credit;
• for non-professional investors — access to regulated local instruments, through investment firms authorized by CNPF;
• for the market — infrastructure built on the Bucharest Stock Exchange model and integration with regional markets.

BIMx has announced its first listing by the end of 2026 (communiqué of 28 September 2026). As on any exchange, instrument prices can rise or fall, and investing involves risk.

The license is a real step, but trading has not started. Until the launch and the first issues, the local offering remains limited, and access to international markets happens through regulated international brokers. See also Invest in Moldova.

Trading.md is following the development of the Moldova International Exchange and preparing for the new framework of the local market. Since 2018, through trading.md, we've offered independent education about the entire investment universe, with regulated broker partners. At the moment, our role remains informational and educational: we help you understand the market, we don't intermediate transactions on the local market.