The publicly-listed NAGA Group (XETRA: N4G) has integrated the Bucharest Stock Exchange (BSE) into its investment platform, becoming the first international broker to provide retail investors with direct access to Romanian shares.

This development expands NAGA's product portfolio and introduces new investment options in Eastern Europe at a time when the company's shares have lost 20% since the beginning of 2025 and are just a step away from historical lows.

German Fintech NAGA Offers Retail Access to Romanian Stock Market

The Hamburg-based fintech company announced the integration today (Tuesday). The move allows NAGA's customers to invest in Romania's economy, which has seen significant growth in recent years but has remained relatively inaccessible to international retail investors.

“In recent years, the Romanian economy has experienced strong growth; however, access to its capital market has remained limited for international retail investors. It is time to change that,” said Octavian Patrascu, the CEO of The NAGA Group AG.

The Romanian stock market features companies from traditional industrial production and the energy sector. Firms such as Dacia, OMV Petrom, Romgaz, and Nuclearelectrica are now available to NAGA's customers. These companies are known for their dividend payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and trading liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

“We are starting this year by allowing NAGA customers to trade shares listed on the Bucharest Stock Exchange with zero commission,” added the CEO. “And this is just the beginning—our goal is to maintain the lowest trading fees in the local market, making investing smarter, more efficient, and aligned with the long-term success of retail investors.”

NAGA is offering commission-free trading on BSE-listed shares until the end of 2025 for customers who register before May 15, 2025.

5,000 Instruments in NAGA’s Offering

With this addition, NAGA's platform now offers over 5,000 financial instruments, including listed companies and ETFs from more than 10 international markets. The company's services encompass social trading, stock and crypto investing, and neo-banking features.

This is another addition to NAGA's offering after the company boosted its digital assets trading at the end of January by introducing the CryptoX platform, which eliminates overnight fees—a major pain point for cryptocurrency CFD contracts.

As of 2023, there were 85 companies listed on the BSE, with a market capitalization of $64.9 billion, marking a 52.7% increase from the previous year. Although the growth is significant, the volumes remain rather modest; for comparison, Deutsche Börse trades over 2 trillion euros.

NAGA is listed on this exchange under the ticker N4G. On Tuesday, the company's shares are down more than 2%, having fallen over 20% since the beginning of the year, continuing a negative trend from recent years. As a result, the stock is trading around €0.55, just a step away from its all-time lows.

NAGA operates in over 100 countries with nine local offices. The company's expansion into the Romanian market could potentially influence other fintech firms and brokers to explore similar opportunities in Eastern Europe.