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Wednesday, December 22, 2004
Business in Romania blog
“Taking into account that wine production increased this year to six million hectolitres compared to 5.4 million hectolitres in 2003, the total turnover of this sector worth approx. USD 300 M,” said Ovidiu Gheorghe, the General Manager of Vineyard and Wine National Employers’ Association (PNVV).

Romania exported 420,000 hectolitres worth approx. USD 25 M, but PNVV officials consider that, compared to 2003, in 2004 the value of exported volume is superior thanks to the reduction of the exported bulk wine.
The main countries for the wine exports in 2004 were Germany, Great Britain, Israel and Republic of Moldavia. According to PNVV General Manager, the reduction and the elimination of the taxes positively affected not just the wine market but more important it affected investments policy of the grapes and wine producers from Romania, who are able now, through fiscal abatement, to use those monies for programs of investments in vineyard and technology.

Thinking ahead of Romania’s accession to European Union, the Romanian legislature is updated in wine-making sector 100 percent. PNVV and Inter-professional Wine-making National Organisation (ONIV) and the National Office for Origin Names for Wines and Other Wine-making Products (ONDOV) collaborated in a project for changing and addition of vineyard and wine law.

Source: reporter.gr



Posted by Mihai : 12/22/2004 08:50:00 am Romania’s wine production-export increases
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