Oil Terminal obtained, in the first quarter of 2024, a net profit of RON 28.43 million, 21.5% higher than in the same period last year, according to financial data sent on Monday to the Bucharest Stock Exchange.The gross profit amounted to RON 33.2 million, higher by RON 26.9 million compared to the budgeted level for this period because the physical program approved for the first 3 months of the year was exceeded by 23.7%, which generated an increase in revenues. Total realized revenues increased by 20.7% and total recorded expenses decreased by 8.6%The turnover achieved in the first quarter of 2024 is RON 112.567 million. Compared to the previous year, an increase of RON 26.952 million was achieved.Oil Terminal, with 125 years of experience in the field, occupies a strategic position in the Black Sea area, being the largest oil terminal operator of petroleum products in southeastern Constanta Port, the main activity of which includes providing services regarding the receipt, loading, unloading of oil, petroleum, petrochemical, chemical liquid products as well as other finished products or liquid raw materials for import, export and transit.Constanta's oil terminal is located in southeastern Europe, at the crossroads of shipping lanes between Asia, Central and Western Europe and the Near East.The main shareholder is the Romanian state, through the Ministry of Energy, with 87.76% of the shares.
Your trusted gateway to seamless relocation in Romania Founded in 2023, Door to Romania is more than just a relocation service provider—it’s a dedicated partner for expats and global citizens aspiring to make Romania their new home. The roots of our journey date back further, with Andreea Memet, our Head of Legal Services, spearheading successful […]
Over three-quarters of Romanian parents living abroad say that maintaining an emotional connection with their child or children left in the care of relatives in Romania is the main challenge they face. The responses were collected as part of a survey conducted by Save the Children among parents abroad whose children left in Romania are […]
Romania’s Central Electoral Bureau (BEC) announced that it has completed the official record for the finalized candidacies for the parliamentary elections. The governing Social Democratic Party (PSD) has the most candidates for the Senate and the Chamber of Deputies, with a total of 639 people running in 42 constituencies. Far-right party SOS România has 636 […]
The City Hall of Brașov, a popular mountain resort in central Romania, has begun preparations for the winter holidays and the installation of festive lighting. Roughly 1.3 million lights will be installed in the city, lighting up the Christmas tree in Sfatului Square and the decorations on pillars and buildings. This year’s concept is inspired […]
Roughly 57% of Romanians are planning to make purchases in the 2024 edition of Black Friday, according to the study "Black Friday Shopping - Plans and Expectations from a Consumer Perspective, 2024" conducted by the market research agency MKOR. According to the study, 6 out of 10 Romanians want a different shopping experience this year, […]
Orange Romania announced the launch of a major 5G infrastructure project for the Danube Delta following its approval by the European Commission. The project will run for three years, from October 2024 to September 2027, with a total value of approximately EUR 3.5 million. According to the company, the number of direct and indirect beneficiaries […]
