Albalact, a major player on the local dairy market, registered net sales worth RON 116.2 million (€27.6 mln) in the first half of this year, up 30.6 percent year-on-year, while the net profit nearly tripled, to RON 2.8 mln (€0.6 mln), on a market that posted a decline of nearly one fifth in the first […]
Nearly 2% of the people that have been living in urban areas moved in the past year to the countryside, according to a survey by research company GfK Romania, which also showed that the same percentage of people plan to move in a rural area next year. “Moving in a rural area is a possibility […]
The Code of Good Practice for food products will be applied in stores by September 15, at the latest, aiming to eliminate abuses of the supermarkets in their relationship with the producers, the Minister of Agriculture, Forestry and Rural Development, Ilie Sârbu said Friday, on radio Realitatea FM. „If it were for me and if […]
Major grain producers in Romania are doubtful about the 5.2 million ton wheat production announced by Minister of Agriculture Ilie Sarbu, to which one million tons is added from households. They say that the real quantity is less than four million tons, if not half of the 7.5 million tons obtained in 2008. The reasons […]
Local poultry production increased by some 29 percent in the first half of this year, compared to H1 2008, to 161,000 tons. However, imports continue to make up a large share of consumption, namely 28.2 percent on a market rising by over one fifth, according to data provided by the Union of Poultry Producers in […]
The Grup Romet holding in Buzau [southeastern Romania], with activities in industry and agriculture, controlled by businessman Constantin Toma, registered net sales worth €89 million in the first half of 2009, up seven percent year-on-year (in euro), due to investments in energy and water industry, and also cuts in expenses operated last as early as […]
The Transavia poultry producer, controlled by businessman Ioan Popa, posted a 20 percent annual increase in sales in the first five months of 2009, due to a rise in production, following the takeover of Avicola Brasov, and the initiation of exports one and a half months ago.
Adrian Porumboiu, President of Racova Com Agro Pan Vaslui, revised his estimates regarding net sales this year downwards, to 10 percent, from 30 percent announced at the beginning of 2009, due to low grain prices. “The situation is not desperate, but it is not balanced considering investments made. Every year, we invest some €25 million […]
Contec Foods, a major canned vegetable and fruit producer, with a 35 percent market share, is expecting net sales worth €18.3 million in 2009, up five percent year-on-year, due to including at least two private brands in its portfolio, and raising the share of exports. This is an optimistic forecast, considering that the canned vegetable […]
The InterAgro group plans to start production at a bioethanol plant in Zimnicea [southern Romania] next week, in which the group invested €65 million and that would be the main supplier of local oil companies, the group’s President, Ioan Niculae, told Business Standard.
