Distribution of record high base dividends of around 2.6 billion lei for the financial year 2023 Entering the highest investment levels in the history of OMV Petrom with a budget of approximately 8 billion lei in 2024, 71% higher than 2023 OMV Petrom announces the resolutions passed during the General Meeting of Shareholders, which took place on the 24th April 2024. Christina Verchere, CEO OMV Petrom: "In 2023 we made tremendous progress in implementing OMV Petrom's Strategy 2030 and at the same time it was a strong year of operational and financial results. Thus, we will distribute to shareholders record dividends of around 2.6 billion lei. We are now entering the largest investment period in the company's history and for 2024 we are planning investments of 8 billion lei." The Ordinary General Meeting of Shareholders approved the Executive Board’s proposal of distributing record high base dividends of gross value of 0.0413 lei/share for the financial year 2023, representing an annual increase of 10%. The total gross value of dividends to be distributed is approximately 2.6 billion lei, of the OMV Petrom Group’s net income for the year 2023. Dividends will be distributed to shareholders registered at record date, May 15th, 2024. Approximately 1.1 billion lei belong to Romanian shareholders, who were holding, on December 31, 2023, over 43% of the company shares. Out of this amount, more than 530 million lei will be distributed to the Romanian state, which holds 20.7% of OMV Petrom S.A. shares, through the Ministry of Energy. The OGMS approved an investment budget of approximately 8 billion lei which includes investments planned of 6.4 billion lei and 1.6 billion lei contingent budget to cover low and zero carbon projects related to announced M&A transactions and various other opportunities that could be explored depending on economic developments. Within the OGMS, was approved the appointment of a new member to the Supervisory Board of OMV Petrom, respectively Mr. Sorin-Dumitru Elisei, for the remaining period of the mandate granted to Mr. Niculae Havrilet, respectively until April 28, 2025. The appointment takes place as a result of the resignation of the latter in his mandate as a member of the Supervisory Board of OMV Petrom. Also, during the OGMS was approved the appointment of KPMG Audit SRL as financial auditor for the audit of 2024 financial statements.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
