about us | newsletter | contact | archive | members area
Dumitru Daniel Botanoiu, Ministry of Agriculture and Rural Development
In 2000, it was not admissible to have a two-dollar growth for cereals from one day to t»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

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.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2489 Views
Daily Info
Number of insolvencies decreased by half in January, to 930 files

The number of companies which have declared insolvent reduced by half in January this year and reached 930 files, from a previous 2054 , according to data of the National Reg...

Auchan Romania increased share capital by 30 million Euro in January

Auchan Romania, operating 32 hypermarkets in Romania, raised the share capital by 30 million Euro in January and reached 200.2 million Euro.

Reuters: Fitch affirms Romania at BBB-, outlook stable

Fitch Ratings has affirmed Romania's Long-term foreign and local currency Issuer Default Ratings (IDR) at BBB- and BBB , respectively, Reuters informs citing the statement r...

IBA/European Regional Forum - Law Firm Management Roadshow/Roundtable, March 19 2015, Bucharest

Following the success of the 2013 M&A Roadshow, the IBA (International Bar Association) European Regional Forum organizes another thematic seminar in Romania on March 19th, th...

Investments estimated at 45.45 billion Euro for General Transport Master Plan

The Romanian government passed a memorandum regarding Romania General Transport Master Plan, a document establishing that the total investments needed will reach up to 45.45 b...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
EC Corina Cretu offers mediation between Romania, Hungary on cross-border program

European Commissioner for Regional Policy Corina Cretu discussed the Interreg V-A Romania-Hungary cross-border cooperation programme in January with Romanian Foreign Minist...

Competition Council to apply the first fines for noncompliance

In mid-January, Romania's Competition Council (CC) fined both Avenir Telecom and Euronet Services, as well as the Professional Football League (LPF) with fines totalling 70...

Romania to export electricity of 250 million Euro in 2014

In early January, the European Network of Transmission System Operators for Electricity (ENTSO-E) announced that Romania exported about 7.28 TWh of electricity, worth about...

Two million-Euro grain processing plant in Braila

Romanian-based Rodbun Group, specialized in the distribution of seeds, pesticides and fertilizers, will invest two million Euro in Tichilesti, Braila county, to build one o...

Eco-Rom Ambalaje registers four per cent collection growth in the first nine months of last year

Eco-Rom Ambalaje, founded to fulfil the recycling obligations for packaging waste incumbent on producers that deal with packaged products, collected and recycled 265,986 to...

EC finances the Cernavoda-Constanta section of Sun Highway

The European Commission decided recently to cover construction costs for the Cernavoda-Constanta section of the A2 "Sun Highway", initially financed by the Romanian state t...

Half-billion Euro surplus after ten months of 2014 in trade with agricultural products

Romania's trade surplus of agricultural products registered 496.5 million Euro in the first ten months of 2014, up 314.5 million Euro compared to the same period of 2013, w...