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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania's Govt. approves supplementary dividends at Hidroelectrica

The Romanian Government, as a majority (80%) shareholder of Hidroelectrica, approved the RON 1.3 bln (EUR 260 mln) dividend proposed by the company’s management as well as the RON 1 bln (EUR 200 mln) extraordinary dividend proposed by the minority shareholder Fondul Proprietatea, Ziarul Financiar reported.

Last year, the company posted RON 1.45 bln (EUR 290 mln) net profit, but it envisages major investments in renewable energy resources.

As a result of the shareholders’ decision, Fondul Proprietatea will receive RON 250 mln (EUR 42 mln) in ordinary dividends and another RON 200 mln (EUR 40 mln) in supplementary dividends. Meanwhile, the Romanian state will get just over RON 1 bln (EUR 206 mln), plus RON 800 mln (EUR 160 mln).

The ministry of Energy estimates to cash RON 2.5 bln (EUR 500 mln) in dividends and interest plus another RON 836 mln (EUR 170 mln) from the sale of a stake in Rompetrol Rafinare refinery. 

andrei@romania-insider.com

(Photo source: Facebook/Hidroelectrica)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania's Govt. approves supplementary dividends at Hidroelectrica

The Romanian Government, as a majority (80%) shareholder of Hidroelectrica, approved the RON 1.3 bln (EUR 260 mln) dividend proposed by the company’s management as well as the RON 1 bln (EUR 200 mln) extraordinary dividend proposed by the minority shareholder Fondul Proprietatea, Ziarul Financiar reported.

Last year, the company posted RON 1.45 bln (EUR 290 mln) net profit, but it envisages major investments in renewable energy resources.

As a result of the shareholders’ decision, Fondul Proprietatea will receive RON 250 mln (EUR 42 mln) in ordinary dividends and another RON 200 mln (EUR 40 mln) in supplementary dividends. Meanwhile, the Romanian state will get just over RON 1 bln (EUR 206 mln), plus RON 800 mln (EUR 160 mln).

The ministry of Energy estimates to cash RON 2.5 bln (EUR 500 mln) in dividends and interest plus another RON 836 mln (EUR 170 mln) from the sale of a stake in Rompetrol Rafinare refinery. 

andrei@romania-insider.com

(Photo source: Facebook/Hidroelectrica)

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