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.
TikTok has launched an Election Center dedicated to Romania's upcoming elections as part of its broader effort to protect "the integrity of the platform" and promote access to reliable information. The initiative is supported by a new media literacy campaign and ongoing collaboration with more than 20 fact-checking partners, the company said in a statement. […]
Romanian acting president Ilie Bolojan met on Friday, April 25, with a delegation from the Office for Democratic Institutions and Human Rights, or ODIHR, of the Organization for Security and Cooperation in Europe (OSCE), according to a statement from the presidential administration. The acting president told the delegation that Romania "is faithful to democratic principles […]
Shareholders of Romanian oil company OMV Petrom recently approved the distribution of record dividends amounting to RON 2.8 billion (EUR 562.6 million) for the 2024 financial year, as well as the 2025 budget, which provides for investments of RON 8.1 billion (EUR 1.6 billion). The decision was taken during the Ordinary and Extraordinary General Meetings […]
The 2025 edition of the European Film Festival (FFE), which takes place this year in Bucharest and nine other cities, will screen more than 40 feature films, 28 of which are national premieres. The festival will also present two selections of short films, also screened as national premieres. Among them are 11 documentaries, 13 films […]
Update: The Romanian Ministry of Foreign Affairs said in an official press release that the Romanian citizen was initially detained in the Abkhazia region four months ago and was later transferred to Sochi, Russia. "Steps have already been taken to provide consular protection and assistance with the central and local authorities, in accordance with international regulations," […]
Russia’s Federal Security Service, FSB, said on Friday, April 25, that it arrested a 23-year-old Romanian citizen on suspicion of spying for Ukraine by sharing the locations of Russian air defense systems. The unnamed man is accused of collecting and transmitting information about air defense sites in the Black Sea resort city of Sochi to […]
