JUNE 23RD - AN EVENT FORGOTTEN BY ALMOST EVERYBODY25-year anniversary of the inauguration of the Bucharest Stock Exchange

English Section / 23 iunie 2020

The launch of the Bucharest Stock Exchange (BVB) on June 23, 1995, is not recorded on Wikipedia.

The website mentions that, on June 23, 1937, Felix Ţopescu, the father of well-known television sports caster, Cristian Ţopescu, won the "Daily Mail" Trophy at the London equestrian competition and mentions that, seven years later, on June 23, 1944, Thomas Mann became an American citizen.

There are events that Wikipedia mentions.

On June 23, 1992, American gangster John Gotti was sentenced to life in prison - yes, it's important and it's written on Wikipedia, but on June 23, 1995, when the Bucharest Stock Exchange was inaugurated, nothing important enough for Wikipedia to record happened.

Instead, it writes that, on June 23, 2006, the first concert of Depeche Mode took place in Romania.

Depeche Mode, is there, the BSE isn't.

Is it an oversight by Wikipedia?

The inauguration took place at the National Bank of Romania, at noon.

Bright day.


No protocol at all.

Entering through Lipscani Street.

We're going up the stairs, there's a queue.

At the wrought-iron gate, inside, customs-like control - three men and a woman.

I take their picture - snap, snap!

Predictably, they get upset at me.

They try to seize my camera.

I pull myself away and laugh.

A fifth person shows up, their superior.

Those behind me push me, I'm left alone.

That was about it for the fun part.

The room is full of suits and neckties.

Iliescu, Văcăroiu, Coşea, Isărescu, Stere Farmache (and the one who in 2000 would be shamefully arrested, CNVM chairman of ill repute Ştefan Boboc).

I don't know the others.

The ones I do know make speeches and of course, they're saying nothing - it's the proper thing to do at inaugurations.

I take pictures - it's a film camera, I've stored the pictures in a blue cardboard box, on my lower shelf, they've gotten lost over a quarter of a century.

I regret the pictures with the people from the "Securitate", they haven't helped me in any way.

I also had pictures from the set-up of the area inside the NBR meant to host the BSE, they were in black and white.

But no transaction happened on that day.

There were sandwiches and cookies, but no action.

In fact, the Exchange wasn't ready.

None of those who were in attendance were ready.

After five months, on November 20, 1995, when the first trading day happened, on the poster of the BSE there were 12 issuers, of which 11 had been brought in by Petru Prunea.

When I later read the report by a news agency that on Monday, June 26 1995, the Moldovan Stock Exchange was opened in Kishinev, I realized that the authorities pulled a fast one on us.

The Stock Exchange of Moldova wasn't "inaugurated", it was "opened", meaning transactions happened on the first day.

Romania was in a hurry "to inaugurate" the exchange formally, through a ceremony devoid of content, three days before the Republic of Moldova effectively launched its stock exchange.

Just so it isn't found out that the Republic of Moldova came before Romania...

Therefore, the fact that Wikipedia does not record that anything happened on June 23, 1995 seems to coincide with the fair judgment of history - no, at that time the only thing that happened was a shameful masquerade.

The heads of the Exchange at the time weren't to blame for any of it.

On the contrary, from the time trading began, in autumn, the BSE has behaved like a serious institution, abiding by the laws as well as the principles of the market, consolidating its honorable character which subsequently led to it competing with the over-the-counter market called Rasdaq (about the latter, BURSA argued that it was an illegal market - a conclusion reached by the European Commission a decade later).

However, the absence of the date of June 23, 1995 from Wikipedia is probably not a coincidence: the presentation text of the BSE, on the website, seems to have been drafted by the BSE representatives themselves and it is very possible that they did not know the detail, just like sometimes people's memory erases embarrassing events.

"After almost 50 years, the Bucharest Stock Exchange was re-established in 1995, the first trading session taking place on November 20, 1995", writes in Wikipedia, which, on the other hand, in the chapter dedicated to the Stock Exchange of Moldova, writes: "The first negotiations took place on June 26, 1995, considered the" birth "day of the Moldovan Stock Exchange."

That is, the farce in Bucharest did not even reach its target: the history of Wikipedia records that Moldova beat Romania, when it comes to establishing a stock exchange.

The events that Wikipedia records happened in history on June 23rd

1532: Henric VIII and François I signed the secret treaty against emperor Charles V.

1879: David Emmanuel gets his Ph. D. at the Sorbonne with the thesis "Etude des integrales abeliennes de troisieme espace", thus becoming the second Romanian with a Ph. D. in mathematics from the Sorbonne.

1881: Diplomatic relations have been established between Romania and Spain.

1923: The National Industrial Credit Society was founded in Bucharest, whose purpose was to stimulate the country's industrial development.

1937: London, June 23-25. Equestrian competition, organized on the occasion of the coronation of King George VI of England, whose Golden Challenge Cup went to the Romanian rider Henry Rang. The "Daily Mail" trophy was won by Felix Topescu, the father of the well-known Romanian television sports caster, Cristian Topescu

1944: Thomas Mann becomes an American citizen

1961: the Antarctic Treaty, drawn up in 1959, came into effect; the treaty prohibited, for a period of 30 years, the claims of any state to a territorial sovereignty in Antarctica, where scientific research is free, and any activity for military purposes is prohibited.

1985: the Romanian men's handball team won the title of world university champion in Frankfurt am Main (Germany).

A Boeing 747 plane owned by Air India, which was flying on the Ottawa - New Delhi route, crashed off the coast of Ireland. 329 people lost their lives.

1990: The Republic of Moldova declares its state sovereignty (independence - August 27, 1991)

1992: American gangster John Gotti was sentenced to life in prison

2001: The first edition of the International Dance Competition (June 23 - July 1) took place at the "Oleg Danovski" Ballet Theater in Constanţa

Pilgrimage of Pope John Paul II to Ukraine (23-27)

2004: Gloria Macapagal Arroyo was officially proclaimed the winner of the May 10, 2004 presidential election by the Philippine Congress

2005: Meeting of the Ministers of Foreign Affairs of the Group of Seven Highly Industrialized States plus Russia (G-8) (London)

The Crans Montana Forum. Ukrainian President Viktor Yushchenko, OSCE Chairman-in-Office Dimitrij Rupel, Georgian President Mikheil Saakashvili, Macedonian Prime Minister Vlado Buckovski and World Bank Vice President Jean Francois Rischard are expected to attend (Monaco, 23-25)

Finance ministers and central bank executives from 55 countries that are members of the Islamic Development Bank (IDB) meet to support trade within the Islamic bloc (Malaysia, Kuala Lumpur, 23-24)

2006: The first concert of Depeche Mode in Romania



A private news agency, which also reports on things that happened in history on a specific day, what happened in history, records June 23, 1995 as the date on which ... "The Bucharest Commodity Exchange was opened".

You don't even know what to say, does the agency have a leg up on Wikipedia, because it knows that something happened then, or is it worse off, because what it is saying is wrong?

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