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.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
