The European Commission will penalize Romania for delayed payments per hectare, possibly with EUR40-60 million, and the employees of the Agency for Payments and Intervention in Agriculture (APIA) will have to pay back part of tehir salaries, agriculture minister Ilie Sarbu said Tuesday.
The Argus Constanta vegetable oil producer registered a net profit worth RON 22.9 million (€6.2 mln) in 2008, 4.4 times higher year-on-year, according to the preliminary financial results sent to the Bucharest Stock Exchange (BVB), while company revenues rose some 52 percent, to RON 213 mln (€57.8 mln). The producer’s net sales surged 69 percent, […]
Nelu Iordache, the businessman who owns the low-cost Blue Air airline and the Romstrade construction company, is planning to expand his business this year by investing in fruit trees and vineyards, and to produce alcoholic beverages.
Romanian sheep and goat farmers can continue to sell their products in markets without the need for registration in the Trade Registry as authorized individuals, since agriculture minister Ilie Sarbu decided to amend the Order on the selling of animal origin products.
Having secured a 11% share of the fruit-based yoghurt market, after less than two years of presence on the shelves of Romanian stores, Israeli group Tnuva has set itself a new target: 5% of the fresh milk market by the end of the year, a segment where Albalact-held Zuzu is currently market leader.
Businessman Culita Tarata (photo), who controlling TCE 3 Brazi company, with operations in the fields of agriculture and industry, has invested 52m euros in equipment for Insula Mare a Brailei in the past eight years, where he farms 56,000 hectares of agricultural land, and plans to invest a further 30m euros to completely rehabilitate the […]
The state-owned Oltchim Ramnicu Valcea chemical complex needs €620 million for investments, of which €100 mln would be ensured by a loan from the European Bank for Reconstruction and Development (EBRD) or the Erste lender, for which negotiations are being carried, said government sources at the end of last week, quoted by the Mediafax news […]
Romania’s grain production will drop 40% compared to the current, and ten counties in the country will have arid soil due to the global warming in the next 20 years, Environment Minister Nicolae Nemirschi said Saturday.
The computer system of the Romanian Agency for Payments in Agriculture, used for the processing of payment requests, is flawed, file completion deadlines are pushed back and employee attributions overlap, according to an analysis of the Ministry of Agriculture.
Romanian forest administration company Romsilva will lay off at least 1,000 employees this year, following forests reconveyance and reorganization, the company’s general manager, Florian Munteanu, said Thursday.
