ABOUT US…


BERG is the first Romanian rating agency authorized by National Securities Commission and was founded in 1997 by 10 enthusiastic investment advisors, former employees of research departments in leading brokerage houses.

The ranking service STAAR (Scala Tendintelor de Apreciere a Actiunilor Romanesti) was launched in October 1998 for companies listed on Romanian capital markets.

STAAR quantifies the non-systematic risk of investing in shares of the companies listed on Bucharest Stock Exchange and RASDAQ.

STAAR was awarded "Capital Market Transparency First Prize" by "Piata Financiara" magazine in 1998 and is successfully used by commercial and investment banks, investment funds, brokerage houses and even private investors.

Main activities

BERG is an investment advisory company regulated by the National Securities Commission to provide financial information and securities rating services. BERG is also a partnership of 10 capital market professionals. Basically we are covering the entire capital market in terms of financial information but we focus on companies where our clients have interests.

Our clients


BERG clients are institutional investors who invested more than USD 300 millions in over 800 Romanian public companies, out of a total 5000. Among our clients we can mention Broadhurst Investments Ltd. (New Century Holdings), Romanian Commercial Bank, EBRD, Reuters, Citibank, PricewaterhouseCoopers, Daylong Holdings Ltd., Romanian Investment Company (Foreign & Colonial), Societe Generale Securities, Romanian Reconstruction Capital LLC, Omniasig.
BERG's objective is to promote International Standards and OECD Guidelines for developing capital markets and assist securities issuers, investors and institutional and private creditors. Our commitment is to fulfill our clients' objectives and to contribute to Romania's capital market development, increasing its transparency and professional standards.


BERG's achievements

In the past 6 years BERG developed risk management and securities' traded on the Romanian capital market profitability forecast services.

In October 1998 the STAAR service (The Appreciation Inclination of Romanian Shares) was launched, destined to companies with shares transferable on the Romanian capital market. For companies listed on the Romanian capital market STAAR forecasts
their potential to surpass, follow or be outranked by the average performance of companies listed on Bucharest Stock Exchange (BSE) or OTC market Rasdaq.

In 1998 the "Prize for Capital Market Transparency" was awarded to this product by the financial magazine "Financial Market" and ever since the service has been successfully used by commercial and investment banks, investment funds and financial investment services.

In September 2001 the Top 100 Romanian Public Companies product was launched, representing a chart of issuers listed on Bucharest Stock Exchange and OTC market Rasdaq. The September 2001 capitalization value is taken into consideration, the total transfer value in the past 12 months, the net profit ratio and the 2001 increase in sales versus the previous year. During the annual conference TOP 100 organized by magazine "Financial Market", the Top 100 Romanian Public Companies is presented.

In May 2003, the CR.DM ip bonds risk management service is launched (Credit Risk Municipality Debts based on public information).