$8.5m sales for Vinia Iasi

Winemaker Vinia Iasi posted $8.5 million turnover last year, with 60% derived from exports. The company is planning to expand production by buying a vineyard, so that its managers are now in talks with several banks to get a loan. “We should cultivate at least 3,000-3,500 hectares and we cultivated 1,500-2,000 hectares last year,” Vinia spokesman Titi Babusanu said. He added the investment was very much up to financing. In case the company managed to secure banking loans, the investment would be faster to progress, otherwise the project would take a while longer to complete. ZF