Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this.
Moldova-founded, Bucharest-listed wine maker Purcari Wineries [BVB:WINE] said that it has completed the acquisition of a 76% stake in Angel s Estate Winery
EBRD President Odile Renaud-Basso expects the Bank to undertake a robust investment programme in Moldova in 2022, combined with support for key economic policies to help the country advance on its reformist path.
Bucharest-listed Purcari Wineries teams up with Moldovan organic wine maker Purcari Wines
BUCHAREST (Romania), May 24 (SeeNews) - Bucharest-listed Purcari Wineries [BSE:WINE] said on Monday that it has concluded a partnership with Moldovan company Les Terres Noires, which will supply it with grapes for organic, biodynamic and natural winemaking.
Les Terres Noires owns 25 ha of vineyard cultivated according to organic technologies in the Protected Geographical Indication region Stefan Voda in Moldova, Purcari said in a statement filed with the Bucharest Stock Exchange, BVB. The idea of a Purcari organic wine has been developing for a long time. Consumer and retail demand for such wines is meaningful and growing, Purcari general manager Victor Bostan said.
Bucharest-listed Purcari Wineries net profit rises 28% y/y in Q1 Purcari Wines
BUCHAREST (Romania), May 17 (SeeNews) - Bucharest-listed Purcari Wineries [BSE:WINE] said on Monday that its net profit grew by an annual 28% in the first quarter of 2021, reaching 10.3 million lei ($2.54 million/2.09 million euro).
The group sees its business performing strongly in the post-Covid market reality and, among other things, has been taking steps to capitalize on the increased online demand for wine, it said in a press release.
Purcari s EBITDA rose by an annual 13% during the first three months of the year, to 19.6 million lei.
Revenues were 8% higher year-on-year at some 49.8 million lei, with particularly strong performance in Romania, Ukraine and the Asian markets.