Over the long term, the company plans to resume its expansion and development strategies, with the goal of expanding its operational area from 16,300 hectares to 36,000 hectares.
Considering the difficult context, Holde Agri Invest's medium-term priority is to stabilize its financial situation and consolidate the business.
As for the 2023-2024 autumn cropping season, it produced total harvests of 43,621 tons, up 8% compared to the previous crop year, of which 2,300 tons were organic crops.
Holde Agri Invest SA, one of the largest farmland operators in Romania, posts 56,500 tons of production in 2023, up 31% compared to 2022.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romanian tech company Metaminds, which supplies digitalization services for both the private sectors, named Ovidiu Ghiman as its new CEO, replacing Andrei Cruceru.