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%.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
