Rompetrol Rafinare shareholders approved, in the Ordinary General Assembly, the draft revenue and expenditure budget for 2024, which estimates a net loss of 39.758 million dollars this year, according to a report submitted on Monday to the Bucharest Stock Exchange.The gross turnover is estimated at 4.516 billion dollars and the net one at 3.52 billion dollars, while the operating profit, without depreciation and amortization expenses (EBITDA) at 123.92 million dollars and the operating profit (EBIT) at 38.855 million dollars.Also, the shareholders voted the company's production program, as well as the investment plan for 2024.The amount of raw materials expected to be processed this year exceeds 4.956 million tons/year, of which almost 4.65 million tons of steel per year and 306,319 tons/year of other raw materials. The quantity processed by the Vega Refinery is expected to be 4133,137 tons of raw materials/year.The production obtained by the Petrochimie plant is estimated at 146,130 tons of polymers per year, of which polypropylene (PP) 79,690 tons/year and high-pressure polyethylene (LDPE) 66,440 tons/year.The total value of Rompetrol Rafinare's investments for the year 2024 would be 147.929 million dollars, it is also mentioned in the report.Rompetrol Rafinare, a member of KMG International, operates the Petromidia Navodari refineries, which includes the Petrochemical Division, and the Vega Ploiesti refinery.The company's shares have been listed on the Bucharest Stock Exchange since April 2004. The main shareholders are KMG International, with 48.1136% of the shares, and the Romanian state, through the Ministry of Energy, with 44.6959%.
“Garden of Memories,” a civic initiative meant to commemorate the 1989 Revolution that led to the fall of communism in Romania, is set to take place between December 19-20 around the Memorial of Rebirth, in Bucharest’s Revolution Square. Organized by the Streets for People Association, together with the Bucharest City Hall and the Museum of […]
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence. ...
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
