Fondul Proprietatea ended the first half of this year with a loss of 680 million RON, compared to a profit of 4.1 billion RON in the first half of 2022, according to a company report."The decrease in the fair value was mainly generated by the reduction in the value of the participation in Hidroelectrica SA (1.87 billion RON), while an increase in the fair value was recorded for the following participations: CN Aeroporturi Bucuresti (115.1 million RON), Engie Romania SA (49.6 million RON), CN Administratia Porturilor Maritime SA (30.2 million RON) and Societatea Nationala a Sarii (23.5 million RON). The net gains related to fixed assets held for sale at fair value through profit or loss in the amount of 61.2 million RON represents the change in the fair value of the participations in the Enel group, after their reclassification as fixed assets held for sale on March 31, 2023," the report says.The fund mentions that the gross income from dividends is related to the amounts recorded as a result of dividends from Hidroelectrica (867.4 million RON), Societatea Nationala a Sarii (56 million RON) and CN Aeroporturi Bucuresti (31.5 million RON).In the first six months of 2023, ten companies from the Fund's portfolio declared annual dividends related to the financial year 2022 and/or special dividends. The value of total gross dividend income recorded by the Fund in the six-month period ending on June 30, 2023 is 962.5 million RON.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
