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.
Cambridge School of Bucharest (CSB) has been shortlisted for the Student Mental Health Initiative of the Year category in the Tes Awards for International Schools 2025, becoming the only school in Romania to appear on this year’s shortlist. The nomination recognises CSB’s pioneering, student-led approach to promoting well-being across the Secondary School and reflects the […]
The Romanian Film Festival UK (RFF25UK) begins this week with a program showcasing a selection of new and archive Romanian feature films, documentaries, and shorts. The festival will open with the UK premiere of Traffic, Romania's 2026 Academy Awards entry. The film is directed by Teodora Ana Mihai from a screenplay by Palme d'Or–winning filmmaker […]
The government is preparing a major overhaul of state-owned companies, deputy prime minister Oana Gheorghiu announced on Monday, November 24, unveiling plans for a unified registry and initial reforms targeting 10 key enterprises. According to her, Romania currently has 1,502 state-owned companies, including 230 at central level and 1,272 under local authorities. Among central entities, […]
Two Romanians reportedly forced open an emergency exit and ran after the plane that was preparing to take off for Bucharest from Cologne, southwestern Germany, on Friday, November 21. The two, aged 28 and 47, were late for boarding, at which point they broke an emergency window and activated a button to open a secured […]
NOËL, the longest-running designer gift fair in Romania, will hold its 16th edition on December 13–14 at Unirea Shopping Center in Bucharest. The event will feature more than 100 designers presenting handmade and curated gifts, including unique pieces, capsule collections, and seasonal items. The fair will host creators from Romania as well as artists from […]
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
