about us | newsletter | contact | archive | members area
Adrian Stanciu, Smartree Romania
We do not have a ‘one size fits all’ solution, but platforms addressing different bu»
  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  |  1090 Views
Daily Info
Netherlands leads the foreign investment ranking in Romania

The Netherlands is the largest foreign investor in Romania according to data of Ministry of Economy and it is one of the main trade partners for Romania, ranking 8th for expor...

CEC Bank gave credits worth 2 million lei in two months for SMEs

CEC Bank announced it gave credits worth 2 million lei within the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM) and analyzes granting of another 4 ...

Nuclearelectrica plans selling electricity worth EUR 15 million on OPCOM

State-owned company Nuclearelectrica submit for sale on the energy trading body OPCOM power worth 66 million lei, respectively EUR 14.8 million, the company announced. The amo...

Novartis and GsK swap assets in deals exceeding USD 25 billion

Swiss drugmaker Novartis and British medicine producer GlaxoSmithKline have agreed on a multiple deal of swapping assets in a series of transactions estimated to exceed USD 25...

Facebrands.ro: The number of Facebook accounts in Romania reaches 7.2 million in April

The number of Romanians who have a Facebook account in April this year reached 7.2 million, increasing 2.85 per cent from the last report of February, show the data quantified...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

advertising

More on News
New political alliance is born

The Romanian Farmers Movement (MAR) and Romanian Democratic Union (UDR) have joined together under the banner of the National Alliance of Farmers (ANA) and decided to run i...

FDI rises by 8 percent in January y-o-y to 244 million Euro

Foreign direct investment (FDI) totaled 244 million Euro in the first month of the year, up 8 percent compared to January 2013, after reaching a four-year peak last year, n...

ANRE president: domestic gas prices to rise on April 1

ANRE president Nicolae Havrilet announced in late March that from April 1 there will be a 2 percent increase in the price of natural gas for households and a 5 percent rise...

EBRD funds 5 million Euro investment in factory near Ploiesti

The Spanish manufacturer of hydraulic components, Grupo Industrial Roquet, received 5 million Euro from the European Bank for Reconstruction and Development (EBRD) in mid-F...

New EUR 1.5 billion underground mainline planned

The Bragadiru-Voluntari underground mainline 7 is projected to cost EUR 1.5 billion and could take six years to complete, exMinister of Transport Ramona Manescu told a Fren...

Joseph Kim

Samsung has appointed Joseph (Jeongwoo) Kim CEO of Samsung Electronics Romania. From his new position, Kim will coordinate Samsung’s operations in Romania and Bulgaria. H...

MMSC launches three programs funded by EEA Grants, worth 30 million Euro

Three programs funded by EEA Grants worth 30 million Euro to protect biodiversity, reduce hazardous substances and adapt to climate change were launched in mid-March by the...