WINE
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Romania’s Wine Production Down 4% to 4.9 Million Hectoliters in 2019
Romania made 4.9 million hectoliters of wine this year, 4% fewer than in 2018, the first estimations of the International Organization of Vine and Wine (OIV) show. However, this is the secon...
Cramele Recas Eyes 18% Higher Revenue On Local Market In 2019
Winemaker Cramele Recas targets an 18% increase in revenues on the local market in 2019 after posting a total turnover of EUR45 million, on a group level, in 2018.
Four of Top Five Winemakers Posted Higher Profits in 2018
Four of the top five winemakers in Romania posted higher profits in 2018 in one of the best years for the local wine production, ZF has found from the data in the 2019 ‘Cei mai mari jucatori...
Romania’s Wine Production At Decade High: 5.2 Million Hectoliters
Romania’s wine production is put at 5.2 million hectoliters this year, more than 20% higher than in 2017 and the highest in a decade, data from the International Organization of Vine and Win...
Businessman Ovidiu Buluc Looks At Wine Industry After Farmexim Sale
Entrepreneur Ovidiu Buluc known for having built and sold one of the most powerful pharmaceutical businesses in Romania, the Farmexim group, is considering investment in the wine industry, Z...
Almost Half Of Romania’s Wines Made In Moldavia Region
Romania made 4.3 million hectoliters of wine last year, and almost half of it came from the Dealurile Moldovei (Moldavia winemaking) region, data from the country’s Wine Exporters and Produc...
Romania Exports Only 3.5% Of Its Wine Production
Romania exported EUR26.8 million worth of wine last year, up almost 20% on 2016 and almost double as much as in 2011, the slowest year in the past decade, data from Romania’s Wine Exporters...
Alexandrion Group Romania Plans One Or Two More Acquisitions This Year
Alexandrion Group, the largest spirits producer in Romania, which has recently acquired the local winemaking operations of UK’s Halewood, could complete one or two more acquisitions by yeare...
Winemaker Jidvei Headed Towards EUR40M Revenue
Winemaker Jidvei, held by the Necsulescu family, has budgeted 15% higher revenue for 2018 and is headed towards EUR40 million mark fast, ZF has calculated based on the data the company suppl...