Abstract:

The year 2020 has been remembered as one of the biggest health crises for human society. Restrictive traffic conditions, including economic activity, have helped reduce trade relations around the globe. Therefore, the issues listed were among the first factors that slowed the development of state economies and created an inflationary environment for certain categories of first aid products. Many national and international companies have declared bankruptcy proceedings or resorted to state subsidies / bank loans to ensure the continuity of their activity.

The effects of the health crisis have been observed in all regulated stock markets. The imposition of the state of alert, followed by the emergency in Romania, was reflected in the reduction of the capitalization of the BVB stock exchange by 13 billion euros. The environment created by the Sars-Cov-19 pandemic was to affect all areas of activity. However, every financial crisis can be classified as an opportunity for a substantial gain or a financial loss. For this reason, this paper aims to investigate the impact of the COVID 19 pandemic on the financial results of authorized intermediaries on the BVB regulated market. The practical significance and relevance of the paper is due to the role played by the pandemic on the financial results of licensed brokers whose core business income is directly correlated with a volatile environment (in most cases, the fluctuation of the price of financial instruments on the stock market).