Republic Palace net profit falls nearly sixfold
EUR/MDL - 20.11 0.1752
USD/MDL - 17.31 0.3885
VMS_91 - 3.03%
VMS_364 - 9.54%
BONDS_2Y - 7.40%
GOLD - 4,475.63 0.1%
EURUSD - 1.16 0%
BRENT - 107.14 8.65%
SP500 - 754.24 0.7%
SILVER - 74.77 0.18%
GAS - 2.94 6.14%

Net profit of the Palace of the Republic fell almost six times

The Palace of the Republic (SE Palatul Republicii) ended the fiscal year 2025 with a sharp drop in net profit. According to the presented financial statements, the profit for the reporting period amounted to 123,211 lei, which is almost six times lower (-82.5%) than the previous year's figure, when it reached 703,061 lei.
Svetlana Rudenco Reading time: 1 minute
Text size
Link copied
National Palace

The decrease in profitability took place against the background of an increase in administrative expenses, which reached LE 23,245,342, exceeding the total income from sales, which amounted to LE 22,308,399.

The balance sheet report also indicates a decrease in the institution’s cash reserves. While at the beginning of 2025 Palatul Republicii had 7,799,657 lei at its disposal, by the end of the reporting period the cash balance decreased to 4,696,025 lei.

As regards the material and technical basis, a slight increase was observed: the total value of non-current assets increased, reaching 179,236,819 lei, compared to 177,357,177 lei at the beginning of the year.

With a staff of 56 employees, “Palatul Republicii” remains the most important object of state infrastructure, designed to organize significant events. It is worth mentioning that at the beginning of the year, the institution was experiencing a staff shortage, with more than 20 vacant positions.

The founder of the SE “Palatul Republicii” is the State Chancellery of the Republic of Moldova.


Follow our updates


Реклама недоступна
Related*
More from author*

We always appreciate your feedback!

Latest news
Popular now*
Must Read*