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 gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
