Agriculture Ministry: European Commission reimburses EUR 664 mln

Agriculture and Rural Development Ministry announces that the European Commission has reimbursed EUR 664 million at the beginning of January, amount sent in the expenses account of the Payments and Intervention Agency for Agriculture (APIA) during October 16-November 30, for the prepayment from the direct payments financed by the European Fund for Agricultural Guarantee. Continue Reading…

BSTDB offers RON 69.502 mln to Agricover Credit IFN to offer Romanian farmers improved access to the funding they need

The Black Sea Trade and Development Bank (BSTDB) provided RON 69.502 million (EUR 15 million equivalent) to Agricover Credit IFN, a Romanian financial institution specializing in financing the agricultural sector. This is the Bank’s first local currency loan to a Romanian company. The BSTDB financing will offer Romanian farmers improved access to the funding they need to improve productivity, generate added value, and create jobs. Continue Reading…

Merry Christmas and Happy 2018!

It is this time of the year when everything slows down and it’s time to review the past year.

For Bio Farm Crucea, it was a very intense but succesful year: there were new challenges, developments and opportunities.

We like how this business is developing and hope to make 2018 another good year, too.

We would like to thank all our customers, partners and providers for the good collaboration, stimulating discussions and big support.

Have a nice holiday season together with your family and friends!

MERRY CHRISTMAS and HAPPY NEW YEAR!!!

BIO FARM CRUCEA STAFF

 

UniCredit report: BNR could allow gradual depreciation of RON to 4.70 units per EUR in Q1 2018

The economic growth above 5% anticipated for 2017 is hiding increasing fiscal imbalances, a quarterly report issued on Friday by UniCredit Bank informs.

“Ad-hoc decisions, tax increases and public investment cuts could keep the budget deficit below 3% of the GDP this year, not in 2018. The increase in private consumption and the low inflow of European funds will lead to capital outflows from Romania. In addition, the wage increases faster than the productivity increase show that the RON would need to depreciate in the coming years,” the authors of the report say, quoted by hotnews.ro. Continue Reading…