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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Study: Romania’s agriculture to shrink by 15% this year

The turnover of Romanian agriculture companies will decrease by about 15% in the current year, according to KeysFin specialists' estimates.

The drought and the lack of infrastructure investments may have led to decreases in the turnover of the companies that operate in agriculture, from almost RON 46 billion (EUR 10 bln) in 2019 to some RON 39 bln (EUR 8 bln) in 2020.

"This is the first year when the news is not good: we can only warn about the sharp decline in both turnover and profitability. More investments in infrastructure and the modernization of this sector would make Romanian agriculture less weather-sensitive," said Roxana Popescu, managing director of KeysFin.

State-owned forest management company Romsilva leads the ranking of the biggest companies in the sector in 2019, although its turnover dropped from RON 2.3 bln (5.3% of the total) in 2018 to RON 2 bln in 2019 (4.5% of the total).

Grain trader Promat Comimpex, controlled by local businessman Cristian Moldovan and global trader Ameropa, was second with a turnover of RON 775 mln (EUR 160 mln) and Agro-Chirnogi, one of the biggest farmland operators in the country, part of a group controlled by Lebanese businessman Jihad El Khalil, came third, with RON 662 mln (EUR 136.5 mln).

The top 10 players in agriculture achieved a total turnover of RON 6.2 billion (EUR 1.28 bln) or 13.6% of the sector's total turnover in 2019.

[email protected]

(Photo source: Pixabay.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Study: Romania’s agriculture to shrink by 15% this year

The turnover of Romanian agriculture companies will decrease by about 15% in the current year, according to KeysFin specialists' estimates.

The drought and the lack of infrastructure investments may have led to decreases in the turnover of the companies that operate in agriculture, from almost RON 46 billion (EUR 10 bln) in 2019 to some RON 39 bln (EUR 8 bln) in 2020.

"This is the first year when the news is not good: we can only warn about the sharp decline in both turnover and profitability. More investments in infrastructure and the modernization of this sector would make Romanian agriculture less weather-sensitive," said Roxana Popescu, managing director of KeysFin.

State-owned forest management company Romsilva leads the ranking of the biggest companies in the sector in 2019, although its turnover dropped from RON 2.3 bln (5.3% of the total) in 2018 to RON 2 bln in 2019 (4.5% of the total).

Grain trader Promat Comimpex, controlled by local businessman Cristian Moldovan and global trader Ameropa, was second with a turnover of RON 775 mln (EUR 160 mln) and Agro-Chirnogi, one of the biggest farmland operators in the country, part of a group controlled by Lebanese businessman Jihad El Khalil, came third, with RON 662 mln (EUR 136.5 mln).

The top 10 players in agriculture achieved a total turnover of RON 6.2 billion (EUR 1.28 bln) or 13.6% of the sector's total turnover in 2019.

[email protected]

(Photo source: Pixabay.com)

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