“We estimate sales at the end of the year will be around 25% higher than last year. This estimate is based on signals we have had from the market in November-December,” says Cristian Fuga, Jidvei’s sales and marketing manager.
He highlighted that the initial target for the entire year was a 12% rise compared with 2010, which was adjusted upwards in mid-year.
The winemaker posted turnover of about EUR30 million in 2008. Sales fell to EUR18.2 million last year, according to data on the website of the Finance Ministry.
The local wine industry is estimated at EUR350 million. It will continue to decline this year, according to the estimates of the main players.
(English version by Daniela Stoican)