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Italians own 220,000 ha of local farmland

Italian investors control Romanian farms that exploit agricultural land with a cumulative area of about 220,000 hectares, namely a quarter of the total local farmland owned by foreign players

2014-04-05 17:37:50 - From the Print Edition

Taking into account the average price of 2,300 Euro / ha, the value of these assets amounts to 500 million Euro, according to Ziarul Financiar. "First of all, Italians invest in agriculture because Romania and Italy have good economic relations and Italy is strong in agriculture," said Diego Brasioli, the Italian Ambassador in Bucharest, quoted by ZF. "Second, investors find a favorable investment climate here. Sectors of interest to Italian investors are grain and livestock production."
Among the biggest Italian investors in Romanian agriculture are Luciano Martini (Emiliana West Rom), the Gostner family (Delta-Rom Agriculture/Fri-El International Holding), the Roncatto family (Padova Agricultura) and insurance company Generali (Genagricola Romania, San Pietro, Aqua Mures).



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