Genagricola to produce wine in Romania

“We estimate to start wine production in 2011. The cost to set up a vineyard hectare is similar to that in Italy, €20,000,” company representatives said. The estimated production for Romania is 9,000 to12,000 hectoliters of wine, to be sold both domestically and outside the country.

Genagricola began to buy agricultural in Romania in 2001 and currently owns 3,500 hectares. The company also purchased an 80,000 square meters storage area close to the city of Timisoara, western Romania.