The total number of insolvency proceedings in Romania reached 6,650 in 2023, flat on the previous year, when companies started 6,649 new insolvency proceedings, the latest Coface Romania survey shows.
Agroland Agribusiness, a Romanian entrepreneurial company part of Agroland group, specialized in the sale of agricultural inputs, for 2023 reported operating revenues worth RON57.1 million, down 10% from 2022, and RON1 million net profit, 56% lower than in 2022.
Maxagro group, an entrepreneurial business set up 30 years ago by brothers Zifceak and that currently has a cultivated area of above 10,000 hectares in western Romania and one of the biggest cow farms in Banat, has an investment budget of around EUR5 million this year, which will support the development of the animal husbandry unit.
Software producer Wizrom plans to grow by acquiring other players on the market.
Romanians spent EUR8.5 billion in 2023 on holidays abroad, 15% more than in 2022 and up 60% from 2019, in line with ZF calculations based on BNR 2023 data.
Suceava-based TehnoWorld, a producer of polyethylene pipes, has been put up for sale, with EY consultancy handling the process, according to ZF sources.