The financial package includes both the financing component – which covers the liquidity need for the trading activity and for other current expenses, and the guarantee component – state guarantee issued within the COVID-19 state aid scheme intended for large companies, which covers 90% of financing.
Glissando is a Romanian-held company established in Romania’s western city of Timisoara in 1991. Its core business consists in selling agriculture and plant protection products.
The group inaugurated a Garden Center-type store in Romania in 2015, in Timisoara, followed by a similar unit in Lovrin. In 2015, Glissando also opened its first grain warehouse, in the locality of Voiteg (Timis County). The company currently has a network of 18 warehouses and over 50 phytopharmacies.