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.
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month. The plan, approved by creditors and confirmed by the Galați Court, sets out firm measures to restructure both the company’s operational activity and the […]
Animest, Romania’s leading animation film festival, returns to Bucharest this autumn with a special 20th anniversary edition. Running from October 3 to 12, the festival invites audiences to explore the theme of "the journey” - a metaphor for both its two-decade history and the personal, emotional paths traced through animated storytelling, the organizers said. Last […]
An article delving into the benefits of hydrotherapy, published by the famous US newspaper The New York Times, features a recommendation for six wellness centers, including Romania’s Therme center. According to the article, “studies show that immersion in water, hot or cold, can calm the nervous system, reduce joint pain and inflammation, stimulate circulation, lower […]
Plastic surgeon Tiberiu Paul Neagu, head of the Burns Center at Floreasca Hospital, one of the major hospitals in Bucharest, was dismissed on Monday, August 4, after a patient was transferred to Belgium following multiple multi-resistant hospital-acquired infections. The scandal broke out when a patient with burns over 70% of her body, who had been […]
The Buzău Land/Ținutul Buzăului UNESCO Global Geopark has received high praise from evaluators following a three-day official visit aimed at assessing its progress and determining whether the site will retain its UNESCO geopark status. The visit, conducted in June by Goran Radonic (Croatia) and Iván Cortijo Sánchez (Spain), concluded with positive feedback for the geopark […]
One United Properties (BVB: ONE), a publicly listed developer that has so far been focused on Bucharest, announced the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu. The site, located on the former FLARO industrial platform, offers significant potential for urban regeneration, according to company […]
