AGRICULTUREBUSINESSCOMPANIES

Germany’s BayWa is expanding its operations in Romania

By Anca Bernovici
1

Get real time updates directly on you device, subscribe now.

The Munich-based BayWa AG is seeking to become one of the world’s five-largest grain traders as it expands operations in southern and eastern Europe, especially in Romania, after the company bought a trading unit here.

“To become one of the key traders and to increase the volume, we need to be present in either eastern Europe or especially in Romania,” Chief Executive Officer Klaus Lutz said in an interview for bloomberg.com, quoted by capital.ro.

He also said that BayWa plans to further its expansion in Romania and is in negotiations to purchase terminal facilities at the Port of Constanta with space to handle panamax-sized vessels. The company said last month it would buy Bucharest-based trader Patberg International.

European Union exporters are shipping wheat and barley at the fastest pace in at least a decade, according to license data from the 28-country bloc, as competitors Russia and Ukraine rein in grain shipments to stem rising food costs. Romania, Ukraine’s southern neighbour on the Black Sea, is the EU’s third-biggest wheat exporter, after France and Germany, Bloomberg notes.

The German company plans to increase trading of grain and feed products to 40 million metric tons by 2016, about a third higher than last year.

DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.
So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRL
UniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002

Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

You might also like More from author
Leave A Reply

Your email address will not be published.