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.
Nusco Imobiliara, part of the Nusco group controlled by Italian family Nusco in Romania, contracted a EUR 31.4 million loan from OTP Bank Romania to develop the second stage of Nusco City, the bank announced. The funds will finance the development of three of the seven buildings included in the second development stage. The second […]
Belgium retail group Ahold Delhaize, which operates Romanian retail chain Mega Image, announced it is opening a technology hub in Bucharest, where it plans to hire 250 experts to develop applications for all the group’s brands in Europe. “This technology hub will bring together the best IT&C specialists to develop innovations that serve consumers of […]
The European Commission announced that it initiated an infringement procedure against Romania because the country fails to pay its bills to independent pharmacies in a timely manner. This puts financial pressure and risks pushing into bankruptcy independent pharmacies, the EC says. The commission decided to send Romania a letter of delay due to public health […]
French utility group Engie nearly doubled the capacity of its wind farms in Romania after taking over WIND Project (ROM) SIX – the operator of an 80MW wind farm located in the eastern part of Romania at Chirnogeni, Constanta county. The Competition Council approved the deal,
Golden Food Snacks, controlled by Greek businessman Konstantinos Mitzalis, announced it completed the takeover of Derpan – a local bakery specializing in the production of packaged pastry set up by local entrepreneurs near Galati, in 2001. The deal was cleared by the Romanian Competition Council in 2022,
Romanian do-it-yourself (DIY) chain Dedeman, controlled by local entrepreneurs, announced the opening of its second store in the western Romanian city of Arad upon an investment of EUR 19 million. The investment includes the value of the 9-ha plot of land, the building, as well as the working capital (value of the inventory) needed by […]
