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.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
