Rubrica english-section - pagina 23


Porumboiu exceeds his target by €50 mln, in spite of the crisis

Adrian Porumboiu, President of the Racova Com Agro Pan Vaslui group, a major producer in the Romanian agricultural and food sectors, said he is estimating a 2008 turnover of over €250 million, €50 mln above the initial estimate, due to massive investments in increasing production capacity, modernization, and a very good agricultural year.

EC Extends SAPARD Funds For Romania By One Year

The European Commission decided Tuesday to extend SAPARD payments to Romania until the end of 2009, Michael Mann, spokesman for EU Commissioner for Agriculture Mariann Fischer Boel, told Mediafax Tuesday.

Romanian Azomures Lays Off 1,000 Employees

Approximately 1,000 employees of Romania’s chemical fertilizers maker Azomures (AZO.RO), or half of the employees, will be put on technical unemployment as of Monday, management sources said Thursday.

Romania ’08 Wine Sales Seen Up 11% YY, To EUR500M – Assoc

Romanian wine sales are seen up 11% to around EUR500 million in 2008, from EUR450 million a year ago, the general manager of the Vineyard and Wine Employers’ Association PNVV, Ovidiu Gheorghe, said Tuesday at Romania Retail Forum 2008 organized by Mediafax.

EC Says Needs More Data On SAPARD Program In Romania

The European Commission requested additional data on Romania’s course of actions regarding the EU-funded SAPARD program before making a decision on whether to resume payments to Romanian farmers, EC spokesman for agriculture, Michael Mann said Tuesday.

Interagro cuts 30% of its business estimate

Interagro, the largest player in the Romanian chemical and agricultural industry, is estimating €1 billion in turnover in 2008, down 30 percent from initial estimates, due to the financial crisis, which has led to the temporary closure of the group’s chemical complexes, according to Ioan Niculae, the company’s President.