MSCI promotes Romania’s Capital Market to its new Advanced Frontier Market category

In a significant recognition of Romania's financial market progress, MSCI, one of the major global index providers, has upgraded Romania's capital market classification to an Advanced Frontier Market. The decision follows MSCI's 2025 Global Market Accessibility Review published earlier this month and represents an important milestone on Romania's path toward achieving Emerging Market status.

The reclassification places Romania alongside Slovenia, Estonia, Lithuania, and Latvia in the newly created Advanced Frontier Markets category. “This subcategory identifies Frontier Markets that demonstrate market accessibility characteristics closely aligned with those of Developed Markets but remain classified as Frontier Markets due to their size and liquidity constraints,” states the MSCI report.