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.
The Constitutional Court of Romania (CCR) published its detailed ruling (motivation) on the magistrates’ pensions law on November 7. This should trigger the Government’s procedures for re-launching the law, according to statements by Prime Minister Ilie Bolojan and Social Democrat leader Sorin Grindeanu, who argue for different strategies. While PM Bolojan wants the same bill […]
Romania’s state-controlled electricity distribution and supply company Electrica (BVB: EL) has submitted a non-binding offer for the acquisition of Distribuție Energie Oltenia (DEO), the electricity distribution company controlled by the Macquarie investment fund, according to
The Government of Romania, through its seaport company Administratia Porturilor Maritime (CNAMP), is close to buying Moldova's largest port, Giurgiulesti (PILG), from the European Bank for Reconstruction and Development (EBRD), announced Romania's Minister of Transport, Ciprian Șerban, speaking for
Bucharest’s Grigore Antipa Museum of Natural History is now offering an audio guide in Ukrainian. The guide, made in a partnership with Ukraine’s Embassy to Romania, adds to the museum’s existing ones in Romanian, English, and Turkish. The project is part of an initiative started by Ukraine’s first lady, Olena Zelenska, and rolled out in […]
The remains of Grigore Alexandru Ghica, a prince of Moldavia in the second half of the 19th century, have been brought back to Romania from France’s Le Mée-sur-Seine this past weekend. After lying in state at Cotroceni Palace, the headquarters of the Romanian Presidency, the coffin with his remains will travel to Focşani and Iaşi, […]
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
