Agriculture - Business Review



Drought has affected 1.16 mln ha of agricultural areas in Romania this year

Agriculture October 07, 2016 17:53 0 comments

Drought affected this year an area of 1.16 million hectars of agricultural areas, a drop of 10-15 percent compared with 2015, with the most affected ares being corn and sunflower cultures, while the rye, barley…more »

Romanian wines

Romania’s wine production to go up by 11 pct to 4 mln hectolitres in 2016

Agriculture September 26, 2016 14:18 0 comments

The Romanian wine production will reach this year around 4 million hectolitres, around 11 percent higher than the last year, the highest one of 20 percent being registered in Moldova, according to a release of…more »

Grigore Horoi Agricola

Agricola Bacau has invested EUR 5 mln for production expansion at its plant

Agriculture September 23, 2016 12:05 0 comments

Salbac company, part of the Agricola Bacau group, will expand its production capacity for crude-dry salami with almost 1,000 tonnes until 2020, after launching  a new production unit on Thursday, following an investments of EUR…more »

Sifi TM Agro opens agriculture logistics hub near Timisoara

Agriculture September 12, 2016 11:16 0 comments

Sifi TM Agro has opened a logistics hub for agricultural products at Carani, near Timisoara, as a result of an investment program carried out in the last years. The Carani silo has a capacity of…more »

"ikea forests romania"

IKEA Group buys another 12,800 hectares of forests in Romania, plans further investments

Agriculture August 17, 2016 20:19 0 comments

Swedish IKEA Group has made another investment in the local forestry sector and says that its plans might include further acquisitions on the local market. The furniture retailer has taken over 12,800 hectares of forests…more »

"robert rekkers"

Agricover Credit IFN’s net profit up by 42 pct in H1

Agriculture August 09, 2016 12:17 0 comments

Agricover Credit IFN, a financing player in the local agri-business sector, registered a net profit of RON 14.6 million, a growth of 42 percent compared with the value from the first semester of 2015. Also…more »

Ciolos islamization

PM Ciolos calls for tighter rules on farmland sale in Romania

Agriculture August 05, 2016 16:50 0 comments

Romanian PM Dacian Ciolos said after a meeting with farmers that he wants to find “ways” to introduce a more restrictive framework for farmlands' sale, in order to support the local communities.  “I’ve already asked,…more »

Ciolos islamization

Employees doing R&D in Romania get tax exemption on wages starting today

Agriculture August 01, 2016 16:23 0 comments

Starting from today, August 1, two fiscal changes come into force - the tax exemption on wages of researchers and the VAT of nine percent for some agricultural products. „We decided that starting with the…more »

EIB gives EUR 20 mln loan to Agricover Credit IFN for agriculture financing

Agriculture August 01, 2016 10:01 0 comments

The European Investment Bank (EIB) is lending EUR 20 million to Agricover Credit IFN in order to finance smaller projects implemented by SMEs in the agricultural sector. This is the first EIB transaction in Romania…more »

Agricover Group registers a net profit of RON 1.68 mln in H1

Agriculture July 29, 2016 09:41 0 comments

Agricover Group, one of the biggest players in agriculture field, reported a net profit of RON 1.68 million in the first semester of this year for the agricultural business operations. This was  a growth of…more »