Fondul Proprietatea closed the first half of this year with a profit of 140.6 million lei, down from 212.9 million lei in the same period of 2024, according to data released Friday by the Bucharest Stock Exchange (BVB).Gross dividend income amounted to 155.4 million lei, while interest income totaled 11.2 million lei. Net operational income reached 159.1 million lei.Operational expenses during this period were 18 million lei."Operational income mainly includes gross dividend income, fair value adjustments of instruments at fair value through profit or loss, interest income, and net gains/losses from transactions with financial instruments. Changes in the fair value of Fondul Proprietatea's holdings are recognized through profit and loss. Operational income is influenced by the performance of portfolio companies and their dividend distribution decisions, changes in stock prices of listed companies, as well as money market performance," the report submitted to BVB states.Gross dividend income primarily came from CN Aeroporturi Bucuresti SA (103 million lei) and Societatea Nationala a Sarii SA (52 million lei). Interest income in H1 2025 came from short-term deposits and distribution accounts at banks.The total corporate tax recorded by Fondul Proprietatea for H1 2025 amounted to 0.8 million lei, including amounts recognized both in profit or loss (0.5 million lei) and in equity - due to the transfer of uncollected dividend distributions to retained earnings, for which the prescription term has expired (0.3 million lei).Fondul Proprietatea was established on 28 December 2005 as a joint-stock company, operating as a closed-end investment company. Its duration extends until 31 December 2031, which can be extended by the General Meeting of Shareholders (AGEA) in additional five-year periods.
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
