The company’s projects also include a wine cellar, a restaurant specializing in local cuisine in the rural town of Jidvei (Alba County, central Romania) and a grape processing facility.
“Jidvei’s investment programs, most of them financed also with European funds, are generally spread over several years. We have ongoing investments of more than EUR20 million in 2012 and 2013,” said Ioana Anghel, PR manager of Jidvei. She added that investment projects worth EUR10 million are self-financed.
Jidvei invested EUR6.5 million in 2011, mostly in replanting vineyards.
Both Jidvei and other companies in this line of business took European funds so that the winemaking industry is one of the few sectors that fully absorbed the European funds made available, according to a recent analysis of ZF.
(English version by Loredana Fratila-Cristescu)