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.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
