about us | newsletter | contact | archive | members area
Lucian Aldescu, DPD (Dynamic Parcel Distribution) Romania
2013 has been the best year, investments and strategies in previous years proving to be »
  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  |  2044 Views
Daily Info
Philip Cox, Recas: The wine glass is agitated right now

In Western Romania, in Banat, respectively at Recas, a group company with British and Romanian investors, Cramele Recas established at the end of the 20th century but the vine...

Violoncellist Eun–Sun Hong wins Enescu Competition violoncello section

The second award went to Tony Rymer, from Us while the third prize has been awarded to another US artist, Sarah Rommel.

Nuclearelectrica takes into account the acquisition of several Enel operations

Nuclearelectrica analyses the possibility of acquiring several operations of Enel in Romania, but no offer has been submitted yet. The decision will be discussed by company sh...

Continental Tires Timisoara reports over 140 million tires produced in Timisoara

Continental Tires Timisoara operates in Romania for more than 14 years, when we started with a Greenfield investment and 200 employees. Gradually, we increased our production ...

OMV Petrom completes Petrobrazi Ploiesti refinery refurbishment with 600 million Euro

The oil company OMV Petrom announced on Saturday the completion of the upgrading programme of the Petrobrazi Ploiesti refinery, after investments of 600 million Euro developed...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

advertising

More on News
Klaus Iohannis is Liberals' choice for presidency

The liberal head Klaus Iohannis has been elected the party′s candidate for the presidential elections to be held in November in Romania, as announced by the former leader...

Operational Leasing market to register double-digit growth in H1

The Operational leasing market recorded an increase of 12.3 per cent at the end of Q2 over the same period last year, reaching 45,000 units. Moreover, the market is expecte...

ExxonMobil and OMV Petrom to start drilling in the Black Sea

In early July, the American- based company ExxonMobil Exploration and Production in Romania and OMV Petrom, part of the Austrian OMV Petrom group, jointly announced the beg...

Eco-Rom Ambalaje recycled 2.6 million tonnes of packaging waste in the past decade

Eco-Rom Ambalaje, one of the most important organizations specialised in the assumption of packaging recycling and recovery obligations from economic agents, recycled aroun...

A contract over 18 million Euro for building a part of Brasov ring road has been assigned

Romanian National Company of Motorways and National Roads (CNADNR) assigned a contract worth 18 million Euro (80 million RON) for the construction of 4.9 km of Brasov's rin...

Perry Zizzi

Perry Zizzi, with 19 years of experience practicing law in the US, Latin America, Western Europe and the emerging markets of Central and Eastern Europe rejoined law firm De...

Romanian farmers need to integrate further within the value chain

Given the fact that in the coming 20 years the global demand for food will grow by 70 per cent, Romania can play an important role in providing the necessary supply, Reinde...