about us | newsletter | contact | archive | members area
The national market for new vehicles in Romania should achieve a significant growth in t»

Wine producer Murfatlar Romania declared insolvent

2012-03-26 14:42:18

Constanta Court approved the entry into insolvency of the company Murfatlar Romania, a leading local wine producer. The wine producer states that the company will continue development and expansion strategy of business on the Romanian market by the plans already established in a solid and sustainable way. Its business grew 32 percent last year, from RON 140 million to RON 185 million.  Slow  degree of money recovery of money in the market, the general characteristic of the business during this period is the main effect is the lack of liquidity, making it difficult to pay outstanding debt, writes in a statement of the company. Another major players in the field are Cotnari, Jidvei, Vincon Vrancea and Recas Cellars.

There are 0 comments:

Validation Code

0 Comments  |  2603 Views
Daily Info
Endava moves into new office space in AFI Business Park

Endava, one of the fastest growing IT services companies in the region, with over 2,350 employees at group level, headquartered in London, with offices in New York, Atlanta, F...

ABSL: Number of employees in business services expected to grow by 60 per cent until 2017

The business services sector is expected to reach 100,000 employees by 2017, according to a study of KPMG developed for The Association of Business Service Leaders in Romania-...

CA Immo to start a new office development in Bucharest with 75 million Euro

CA Immo, the specialist in office properties in Central European capitals, which owns five office buildings in Romania with a gross leasable area of 106,000 square meters, has...

Application launched for online filing of EU-funded projects

The European Funds Ministry and the Special Telecommunications Service have launched the application MySMIS2014 for the beneficiaries of the EU funds to consult it, with the ...

Deloitte CE PE Survey: Confidence dips as economy faces uncertain times

In an economy marked by challenges and uncertainty, confidence among private equity investors has dropped to the lowest level in three years with one third of respondents expe...







More on News
National Passenger Information Unit to open at MAI

A national passenger information unit that will take over information from air carriers about passengers of flights that start, stop over or end on Romania's soil will open...

A first in Romanian economy since 1989: annual inflation turned negative in June

Consumer prices fell by almost three per cent in June compared to May due to lower VAT on food and beverages at nine per cent from June 1

Gas prices increased by 12 per cent as of July 1

In early June, the Romanian Government approved the new liberalization of the acquisition price of domestic production for domestic customers and thermal power producers wh...

Greentek generates savings of 30,000 Euro for parking areas of malls and office buildings

Greentek LED Lighting, manufacturer and supplier of LED lighting systems, has completed in the past year several LED lighting projects for above-ground and underground park...

Bogdan C. Stoica promoted to name partner

Corporate M&A lawyer Bogdan C. Stoica has been promoted to name partner with Popovici Nitu & Asociatii. The Firm will change its name to Popovici Nitu Stoica & Asociatii, e...

Romania has managed to halve emissions of greenhouse gases in recent years

Romania has managed to halve its emissions of greenhouse gases in recent years, although global climatic changes continues to affect the country with extremely high tempera...

CNADNR says 1.7 billion RON are needed to meet national road minimum viability conditions

The National Company of Motorways and National Roads of Romania (CNADNR) has approved the 2015 Action Plan, the estimated necessary funds to ensure the minimum viability co...