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%.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
