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.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
