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.
NOCA (New Oradea Contemporary Art), a hub for to contemporary visual art, is set to open next month in Oradea, in northwestern Romania. It is meant as a "cultural lab dedicated to meetings between modern and contemporary art, multidisciplinary practices and events, and established and emerging artists." The center was founded by Oradea City Hall […]
Representatives from across the Romanian diaspora and officials from Romania and the United States will take part in this year’s Romanian Community Summit 2025 (RoSummit 2025), set to take place in Chicago on September 20. The event is organized through a partnership of the Romanian-American community in Chicago and other diaspora organizations. It will focus […]
Via Transilvanica, the long-distance trail stretching between Putna, in northern Romania, to Drobeta Turnu Severin, in the southern part of the country, could receive funding of EUR 6 – 7 million from the European Economic Area (EEA) and Norway Grants 2021-2028, Investments and European Funds minister Dragoș Pîslaru told
Romania has chosen Teodora Ana Mihai’s Jaful Secolului/Traffic as its official entry for the Best International Feature Film category at the 2026 Academy Awards. Starring Anamaria Vartolomei, Rareș Andrici, and Ionuț Niculae, the movie will be released in Romanian cinemas on September 23. The film, written by Palme d’Or winner Cristian Mungiu and directed by Mihai, […]
President Nicușor Dan and defense minister Ionuț Moșteanu said on Wednesday, September 10, that Romania stands in full solidarity with Poland after Russian drones crossed into its airspace overnight, calling the incident an unacceptable violation of a NATO ally's sovereignty and a dangerous escalation. The Polish military shot down the drones,
Bucharest is emerging as one of Europe’s most attractive locations for Global Capability Centres (GCCs) as multinational companies seek lower costs and skilled talent amid tight labor markets in Western economies, according to a new study by Savills and CoreNet Global. The Romanian capital ranked 14th among 27 global GCC destinations for office costs, averaging […]
