The Bucharest Stock Exchange suffered its biggest corrections ina year over the past few days amid the Greek crisis, as well asamid fiscal uncertainties on the Romanian market. The market's mainindex BET lost 9.1% over the last two days alone, seeing a 16%decline against the April highs. SIF shares, the most traded on themarket, have lost over 20% of their value. Corrections come afterthe Bucharest Stock Exchange gained over 200% from February 2009until April 2010. "The atmosphere in Europe is rather heavy becauseof the situation in Greece and of the euro depreciation. Whether welike it or not, we are dependent on the euro zone, with forecastsalso affecting us. The issue of the tax hike has come on top ofthis. I think the funds are for sale rather because of externalcircumstances," says Adrian Manaila, owner of brokerage firmEldainvest in Galati.
