The Azomures unit has announced the temporary suspension of ammonia production due to the price of natural gas, saying that they will produce fertilisers until the depletion of existing ammonia stock. The production was already suspended from the same reason in December 2021, being resumed in April this year. At that moment,the company said that ‘ supply with natural gas is difficult, with levels of price which lead to high prices for fertilisers, even with the help of the government’. The quoted source mentions that Azomures will produce fertilisers, until the depletion of the existing ammonia stock, but similar decisions were taken by other companies in Europe, the cause being the same, the unsustainable price from an economic point of view. ‘In Romania we continue the dialogue with the governmental authorities to apply the economic aid offered by the European Union, applied in many European countries. For example, Bulgaria offers the industry a capped price, of 72 euro MWh. Until now, Romania has not used the aid scheme for the energy intensive industries, although the European legal framework is available’Harri Kiiski, the general manager of Azomures said. The Azomures unit said that they do not take into account technical unemployment. Azomures is the most important producer of fertilisers for agriculture in Romania. Azomures supplies raw materials (urea and melamin) for several industrial objectives in Romania. The annual production (in normal functioning conditions) is 1.6 million tons of fertilisers, approximately 75% of the production being destined to Romanian farms. Azomures is part of the Swiss group Ameropa, one of the biggest traders of fertilisers and grains at global level.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
