Fondul Proprietatea ended H1 2024 with a net profit of RON 212.9 million, compared to a loss of RON 680.3 million in the similar period of 2023, a company report informs."The Fund's liquid assets during H1 2024 included current accounts and bank term deposits. All instruments were denominated in RON, with maturities of up to one year. The most important cash inflows during H1 2024 were related to the proceeds from disposal of the entire stake in Engie Romania SA (RON 432.6 million) and the interest received (RON 26.2 million), while the most significant cash outflows were related to net dividends paid (RON 287.1 million), dividend withholding tax payments performed (RON 44.2 million) and the acquisition of treasury shares within the 15th buyback programme (RON 27.9 million). The net increase in equity investments of RON 66.9 million in H1 2024 was mainly generated by the valuation update as of June 30, 2024 (mostly CN Aeroporturi Bucuresti SA and Administratia Porturilor Maritime SA). As of June 30, 2024, the payable to shareholders comprised the dividends payable to shareholders, of which the most significant amounts are related to the September 29, 2023 special dividend distribution (RON 357.9 million)," the report states.At the same date other liabilities and provisions mainly comprised the withholding tax on dividends due to the state budget (RON 15.5 million) and Q2 2024 fees payable to the Sole Director (RON 9.9 million).Gross dividend income was mainly generated by the amounts recorded from CN Aeroporturi Bucuresti SA (RON 80.4 million) and Societatea Nationala a Sarii SA (RON 63.7 million).The gain from equity investments at fair value through profit or loss in H1 2024 was mainly generated by the valuation update as of June 30, 2024 for the largest unlisted holdings in the Fund's portfolio, mainly CN Aeroporturi Bucuresti SA (increase of RON 46.8 million) and AdministratiaPorturilor Maritime SA (increase of RON 21.1 million).Interest income in H1 2024, in amount of RON 19.5 million, arose from short term deposits and distribution bank accounts.
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
Allianz-Țiriac Asigurări, one of the leading insurance companies on the local market, has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest. The deals were brokered by Cushman & Wakefield Echinox. The property on Căderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, […]
The Environmental Guard issued RON 2.46 million (some EUR 483,000) in fines in 2025 as part of an intensified campaign to reduce air pollution in Bucharest and the surrounding Ilfov county, the institution announced. The measures followed repeated exceedances of legal particulate-matter limits and ongoing delays by local authorities in adopting mandatory air-quality strategies. According […]
