More
    HomeBusiness & InvestmentsEconomicsOTP Bank Romania financed the largest organic blueberries plantation in Romania with...

    OTP Bank Romania financed the largest organic blueberries plantation in Romania with 10.5 million RON

    Published on

    MerryBerry is the largest organic blueberry plantation in Romania, located in Dambovita County. It currently covers a  100 hectares area, on which the shrubs were planted in 2016 – 2017, meaning that it will reach an annual production of over 1,500 tons of blueberries, starting 2021. Thus, MerryBerry has the potential to become the largest organic blueberries plantation in Europe, competing with the big established producers in Spain, Poland, Germany and France.

    OTP Bank Romania financed with 10.5 million RON the construction of the MerryBerry refrigerated warehouse, necessary for keeping the blueberries in optimal conditions, sorting them and delivering them in the best conditions to the stores in Romania, England or Germany where the company has distribution contracts. For immediate access after harvesting the fruit, it is located in the middle of the MerryBerry plantation and will use the most advanced refrigeration technologies, thus ensuring the freshness of the fruit. The surface of the warehouse is 2500 square meters, and among its facilities there is a high performance automatic sorting and packing line. The warehouse will have three cooling chambers and five CA / ULO chambers.

    “Our contribution to the agribusiness sector is a long-term one and we work closely with the Romanian farmers regardless of the size of their business. Thus, we had the opportunity to observe their tendency to invest in technology more and more, which is why we decided to expand the range of products and services addressed to them. We have for products and services designed to support them in this endeavor, having the potential to change the Romanian agriculture for the better. Financing the MerryBerry deposit is another step we take in this direction”, said Alexandru Neagu, SME Division Director, OTP Bank Romania.

    Latest articles

    Dentons advises Kommunalkredit on the 50.6 million euros refinancing of the 60 MW Ruginoasa wind farm

    Global law firm Dentons has advised Kommunalkredit Austria AG on the 50.6 million euros...

    Executive changes at Allianz-Țiriac: Aurel Badea to step down after 33 years

    Allianz-Țiriac has announced upcoming leadership transitions set for late 2026 to ensure long-term organization...

    OMV Petrom acquires a 20 MW battery energy storage system for the Ișalnița solar park

    OMV Petrom and the Romanian company Simtel Team have signed an engineering, procurement and construction (EPC) contract for a...

    The first edition of the BusinessPedia Connect debates is hosted by the NBR Palace on September 15: Who takes Romania forward?

    BusinessPedia brings two generations of entrepreneurs and leaders to the NBR for a debate...

    More like this

    Dentons advises Kommunalkredit on the 50.6 million euros refinancing of the 60 MW Ruginoasa wind farm

    Global law firm Dentons has advised Kommunalkredit Austria AG on the 50.6 million euros...

    Executive changes at Allianz-Țiriac: Aurel Badea to step down after 33 years

    Allianz-Țiriac has announced upcoming leadership transitions set for late 2026 to ensure long-term organization...

    OMV Petrom acquires a 20 MW battery energy storage system for the Ișalnița solar park

    OMV Petrom and the Romanian company Simtel Team have signed an engineering, procurement and construction (EPC) contract for a...