05.20.2025

Romania's Competition Council has approved the transaction through which Finestore Distribution S.R.L. and Match Point S.R.L. intend to acquire the company Wine Point S.R.L. more

11.15.2024

Winemaker Purcari (WINE) posted RON262 million revenue in the first nine months of 2024, an increase of 4% year-on-year, while the net profit went down 1% to RON43.3 million, the group said in a more

06.13.2024

Alexandrion group, the largest local spirits producer and one of the biggest players on the wine market, has carried out a new rebranding for the winemaker of Gura Vadului, which is now named more

03.29.2024

Winemaker Purcari (WINE.RO), whose shares are included in the BET, has signed an agreement to acquire 100% in Timbrus Purcari Estate (Targoviste), the company announced, a deal that enables it to more

02.15.2024

Romania's wine production was 15% higher in 2023 vs 2022, despite coming from a total vineyard area slightly reduced compared to the previous years, in line with data from ONVPV, analyzed by Wines of more

11.13.2023

Romania produced 4.4 million hectoliters of wine in 2023, 15% more than in 2022 and 4% more than the average of the last five years, consolidating its position as the sixth largest wine producer in more

02.02.2023

Winemaker Cramele Recas, one of the largest players in the Romanian wine market, ended 2022 with an increase of about 10% in volume, thus reaching its growth target of about 20% in value, while more

09.26.2022

Domeniile Ostrov, a 1,300-hectare vineyard in Constanta County, located on the right bank of the Danube, on the Romanian border with Bulgaria, posted sales of RON20 million in the first six months of more

07.08.2022

Euro Vial Residence, a major developer active on the real estate market of Constanta, has acquired Clos des Colombes domain located in 23 August-Olimp area, in a EUR1.5 million deal. more

07.01.2022

Avincis wine maker of Dragasani vineyard area saw tourism reach a 30% weight in total turnover in 2021. more

06.07.2022

Romania last year exported 17.4 million liters of wine as total production stood at 4.5 million hectoliters (450 million liters). This means exports weighed below 4% of total wine production, in line more

04.26.2022

Wine maker Cramele Recas, a major player on Romania’s market, is considering broadening national coverage by opening regional warehouses besides the existing ones. more

01.13.2022

Virgil Mandru, owner of wine maker Tohani, said the company’s investment budget amounts to at least EUR9 million in 2022, aimed at winery retooling and green power. more

12.30.2021

Winemaker Davino of Dealu Mare, known for operating on the premium segment of the market, is to list some wines in major retail chains, having already signed contracts with two major players, with more

11.29.2021

Walter Friedl, managing partner of wine producer Lacerta, expects the company’s 2021 turnover to be flat from 2020. Last year, turnover hit RON4,9 million, down 24% year-on-year. more

11.16.2021

Maria Necsulescu, Jidvei deputy general manager, expects RON200 million turnover from wine sales alone in 2021. more

11.15.2021

Zarea, one of the most important players in the alcoholic beverages market in Romania, posted of RON110.4 million (EUR22.9 million) revenue in 2020, up 10% compared with the RON 100.5 million (EUR21.2 more

11.15.2021

Virgil Mandru, owner and CEO or Tohani Romania, expects to end 2021 with a turnover increase of around 25-30% against 2020. more

11.15.2021

Wine producer Purcari ended the first nine months of this year with net profit worth RON39.8, up 55% from the year-earlier period, while revenues increased by 20% to RON166.5 million. more

11.10.2021

Constantin Dulute, one of the most powerful Romanian entrepreneurs, known for his agricultural businesses, who now owns Vinicola Averesti business, plans to operate 50% of wine sales abroad in the more

11.09.2021

Wine producer Castel Mimi of the Republic of Moldova ended 2020 with turnover worth EUR2.5 million. more

11.04.2021

Wine maker Avincis, of Dragasani vineyard area, expects 20% higher turnover this year against 2020, even as this year has still been marked by pandemic-related uncertainty. more

10.19.2021

This year’s grape production is 10-15% higher than in 2020 and goes beyond 1 million tons, a record high quantity reached only in 2017 and 2018. more

10.04.2021

Domeniile Prince Matei, a company owned by Vintruvian holding, which also holds Viticola Sarica Niculitel, expects turnover to double in 2021 from 2020, to around RON3.5 million, in line with ZF more

09.16.2021

Virgil Harabagiu, owner of Perla Bucegi of Sinaia, who also holds 30 hectares of vineyard in Dealu Mare, plans to develop a touristic complex made up of villas, as well as a restaurant on the wine more