Neptun hosts the summer residence of the president, Nufărul (English: The Water Lily).[citation needed]
Built in 1972, it is owned by the Importanne Resort corporation. Located on a beach called "At the flags" (Romanian: La steaguri).[citation needed]
Climate
The marine climate has hot summers, with the average temperature in June being over 22 °C, most of the days being sunny, and winters being gentle with rare snows. The mean annual temperature is 11.2 °C, and precipitation is low (under 400 mm yearly).