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Aldis directs its investment towards agriculture and animal farming in 2009

The Aldis Calarasi cold meats producer, controlled by businessman George Naghi, has frozen the salaries of its employees, due to the financial crisis. The company will direct its investments towards agriculture and animal farming in the near future, after allocating major funding for the modernization of production capacities on the meat product segment.


Bulgarian Farmers Block Giurgiu-Ruse Border Crossing

Bulgarian farmers will block Wednesday for six hours the border crossing point Giurgiu-Ruse between Romania and Bulgaria protesting against the imports of milk and meat products from the EU and third countries, novinite.com reported.

Ilie Sarbu: Agriculture is nearing disaster

Minister of Agriculture Ilie Sarbu said yesterday that the agricultural situation is close to disaster, due to the fact that no European funds have been attracted. Sarbu warned the ministry’s employees that they did not fulfill their responsibilities, in spite of high salaries.

Trade unions: Foodstuff prices to rise 20-30%

Prices of imported foodstuffs could surge 20-30 percent in the near future, due to the devaluation of the national currency, while those of foodstuffs from the national production could increase 15-20 percent due to higher energy prices, according to trade unions in agriculture and the food industry.

Pambac: last year’s losses from exchange and interest rates equals 2007 profit

Exchange rate variations brought losses amounting to €1 million in December to bakery producer Pambac Bacau, one of the top players on the local market. For the entire 2008, losses caused by leu depreciation and interest rates paid for banking loans were similar to the net earnings in 2007, worth some €1.5 mln, according to […]

Porumboiu considering expansion of the food industry business

The President of agricultural and food production Racova Com Agro Pan Vaslui group, Adrian Porumboiu, said he is considering expanding his business in areas of the country besides the eastern region of Moldavia, and that he is interested in the food industry.

Global food security: more European initiatives needed say MEPs

The European Parliament calls for “immediate and continuous action” to ensure global food security. It believes the aid of EUR 1 billion that the EU has decided to give to developing countries should be accompanied by fresh investment in agriculture and it calls for mechanisms to be set up to ensure that sufficient global food […]

Ecosystem approach to fisheries management

Parliament adopted a report on the Commission communication „The role of the Common Fisheries Policy in implementing an ecosystem approach to marine management”. According to MEPs, this initiative is a „contribution” for guaranteeing exploitation of fisheries resources in a way that will create sustainable conditions from the social, environmental and economic points of views, urging […]