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URBB Sees Losses Widen Fivefold in 2022 To RON48M

In 2022, a year when beer consumption dwindled, United Romanian Breweries Bereprod, the company producing Tuborg beer brand among others, saw losses grow five times against 2021, to RON48 million, in line with ZF calculations.

ING Bank Romania grants 20 million Euro loan to Tuborg Romania for sustainable investments

ING Bank Romania grants 20 million Euro loan to Tuborg Romania for sustainable investments
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Romania s 2020 beer sales volume flattish, brewers invest 72 8 mln euro

Romania s 2020 beer sales volume flattish, brewers invest 72.8 mln euro Beer BUCHAREST (Romania), April 7 (SeeNews) - Romania s beer market was flattish in terms of volume in 2020 with sales of 16.5 million hectolitres, up a mere 0.5% year-on-year, the Brewers of Romania Association said. During 2020, only one in twelve beers was sold in entertainment, hospitality and restaurant (HoReCa) units due to restrictions on gathering at public places imposed to limit the spread of the coronavirus infection, the association said in a statement on Tuesday. Before the pandemic, one in five glasses or bottles of beer was sold in HoReCa units. Restrictions imposed due to the situation generated by the coronavirus have strongly affected the hospitality sector and, implicitly, our industry. Losses caused by the closure of HoReCa units were partially offset by retail purchases, as people started to consume beer home, and by the fact that 2020 was a year with good weather, Br

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