Fondul Proprietatea ended H1 2024 with a net profit of RON 212.9 million, compared to a loss of RON 680.3 million in the similar period of 2023, a company report informs."The Fund's liquid assets during H1 2024 included current accounts and bank term deposits. All instruments were denominated in RON, with maturities of up to one year. The most important cash inflows during H1 2024 were related to the proceeds from disposal of the entire stake in Engie Romania SA (RON 432.6 million) and the interest received (RON 26.2 million), while the most significant cash outflows were related to net dividends paid (RON 287.1 million), dividend withholding tax payments performed (RON 44.2 million) and the acquisition of treasury shares within the 15th buyback programme (RON 27.9 million). The net increase in equity investments of RON 66.9 million in H1 2024 was mainly generated by the valuation update as of June 30, 2024 (mostly CN Aeroporturi Bucuresti SA and Administratia Porturilor Maritime SA). As of June 30, 2024, the payable to shareholders comprised the dividends payable to shareholders, of which the most significant amounts are related to the September 29, 2023 special dividend distribution (RON 357.9 million)," the report states.At the same date other liabilities and provisions mainly comprised the withholding tax on dividends due to the state budget (RON 15.5 million) and Q2 2024 fees payable to the Sole Director (RON 9.9 million).Gross dividend income was mainly generated by the amounts recorded from CN Aeroporturi Bucuresti SA (RON 80.4 million) and Societatea Nationala a Sarii SA (RON 63.7 million).The gain from equity investments at fair value through profit or loss in H1 2024 was mainly generated by the valuation update as of June 30, 2024 for the largest unlisted holdings in the Fund's portfolio, mainly CN Aeroporturi Bucuresti SA (increase of RON 46.8 million) and AdministratiaPorturilor Maritime SA (increase of RON 21.1 million).Interest income in H1 2024, in amount of RON 19.5 million, arose from short term deposits and distribution bank accounts.
Allianz-Țiriac Asigurări, one of the leading insurance companies on the local market, has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest. The deals were brokered by Cushman & Wakefield Echinox. The property on Căderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, […]
The Environmental Guard issued RON 2.46 million (some EUR 483,000) in fines in 2025 as part of an intensified campaign to reduce air pollution in Bucharest and the surrounding Ilfov county, the institution announced. The measures followed repeated exceedances of legal particulate-matter limits and ongoing delays by local authorities in adopting mandatory air-quality strategies. According […]
The opposition filed a no-confidence motion on Friday, December 5, against prime minister Ilie Bolojan’s government, accusing it of failing to manage key sectors and calling for its immediate resignation, Agerpres reported. The motion, titled “Romania Is Not for Sale – No Progressives in Government,” was...
Bucharest City Hall announced on Thursday, December 4, that it has obtained nearly RON 2 billion (some EUR 400 million) in non-refundable EU funding for much-needed investments in transport infrastructure. The funds will be used to purchase 100 modern, non-polluting trolleys, 63 new trams, modernize approximately 50 km of tram lines, and modernize the Titan […]
Romania’s Chamber of Deputies adopted an emergency ordinance on Wednesday, December 3, regulating the right to drive motor vehicles on public roads for persons who hold a driving license issued by a state that is not a member of the European Union. The normative act creates the legal premises for granting the right to drive […]
Romania’s modern retail market has surpassed 5 million square metres of leasable space for the first time, following the delivery of roughly 190,000 sqm in 2025, according to new data released by Colliers. Despite the milestone, consultants noted that Romania still trails regional peers in retail space per capita, signalling strong potential for further development. […]
