Distribution of record high base dividends of around 2.6 billion lei for the financial year 2023 Entering the highest investment levels in the history of OMV Petrom with a budget of approximately 8 billion lei in 2024, 71% higher than 2023 OMV Petrom announces the resolutions passed during the General Meeting of Shareholders, which took place on the 24th April 2024. Christina Verchere, CEO OMV Petrom: "In 2023 we made tremendous progress in implementing OMV Petrom's Strategy 2030 and at the same time it was a strong year of operational and financial results. Thus, we will distribute to shareholders record dividends of around 2.6 billion lei. We are now entering the largest investment period in the company's history and for 2024 we are planning investments of 8 billion lei." The Ordinary General Meeting of Shareholders approved the Executive Board’s proposal of distributing record high base dividends of gross value of 0.0413 lei/share for the financial year 2023, representing an annual increase of 10%. The total gross value of dividends to be distributed is approximately 2.6 billion lei, of the OMV Petrom Group’s net income for the year 2023. Dividends will be distributed to shareholders registered at record date, May 15th, 2024. Approximately 1.1 billion lei belong to Romanian shareholders, who were holding, on December 31, 2023, over 43% of the company shares. Out of this amount, more than 530 million lei will be distributed to the Romanian state, which holds 20.7% of OMV Petrom S.A. shares, through the Ministry of Energy. The OGMS approved an investment budget of approximately 8 billion lei which includes investments planned of 6.4 billion lei and 1.6 billion lei contingent budget to cover low and zero carbon projects related to announced M&A transactions and various other opportunities that could be explored depending on economic developments. Within the OGMS, was approved the appointment of a new member to the Supervisory Board of OMV Petrom, respectively Mr. Sorin-Dumitru Elisei, for the remaining period of the mandate granted to Mr. Niculae Havrilet, respectively until April 28, 2025. The appointment takes place as a result of the resignation of the latter in his mandate as a member of the Supervisory Board of OMV Petrom. Also, during the OGMS was approved the appointment of KPMG Audit SRL as financial auditor for the audit of 2024 financial statements.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
