The Romanian government aims to obtain RON 8 billion (EUR 1.6 billion) in dividends from state-controlled enterprises in 2024 by requiring these firms to transfer at least 90% of their net earnings to the national budget. Profit.ro reported.
This regulation applies to domestic firms, businesses backed fully or predominantly by the state, as well as independent governmental bodies. It will be implemented via representatives appointed by the administration during shareholder gatherings and board deliberations.
This choice upholds last year’s approach by setting a more stringent requirement than the usual 50% dividend payout. However, firms subject to particular statutory regulations concerning profit sharing will not have to follow this new rule.
Furthermore, in duly justified instances, the government can approve a reduced dividend payout through authorization granted by the Ministry of Finance. Companies like Transgaz and Nuclearelectrica have previously received such exceptions.
The authorities expect that keeping a 90% dividend payout will help steady non-tax revenue for the budget.
Based on the projected budgets, state dividend revenues are anticipated to rise steadily over the coming years. According to governmental estimates, these revenues will reach RON 8.24 billion in 2026, climb to RON 8.84 billion in 2027, and further escalate to RON 9.46 billion in 2028.
iulian@romania-insider.com
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