News » March, 2011 » 4 March 2011
Sugar Business Owners' Association: With just four sugar plants we're import dependent
04.03.2011, 09:43 | Business | 1027 views
Domestic sugar producers say Romania is helplessly seeing sugar prices rise internationally, while being dependent on European imports. Internationally, sugar prices hit the highest level of the past three decades, rising by 46% in the past year alone, to 0.71 dollars (0.51 euros), according to IMF data. Ioan Armenean, chairman of Romania's Sugar Business Owners' Association, says domestic production is two times lower than demand, which amounts to 550,000 tonnes, because there are just four sugar plants left out of the 33 that operated 20 years ago. "We depend on bourse quote. The price is made in New York, London or Paris," Armenean says. Read more on ZF.ro
|
Latest news in category Business
The volume of construction works dropped to six months by 10.2%, as gross series, taking into account the drops in capital repairs' works, by 18.4%, and in the maintenance and current repairs, by 12%, and as adjusted series after the number of working days and seasonality dropped by 9.4%, according to the National Institute of Statistics. read more...
The National Salt Company - Salrom SA last year achieved a profit of 38.7 million lei, up 86% over 2012, said Alina Floroian, marketing economist with the company. The turnover of Salrom reached 308.3 million lei, up 13% over 2012, she said. read more...
Anca Vlad, the CEO of Catena Grup, is an ardent supporter of entrepreneurial spirit and thinks that you can't have a successful business without taking risks. read more...
|
|
