Impact Developer & Contractor (IMP) on Thursday joined the club of the large Romanian companies with over one billion lei market capitalisation, the company informs in a release .Impact shares ended Wednesday's trading meeting at a rate of 0.640 lei, with an increase of 4.07 pct compared to the previous meeting, which led to a capitalization of 1,008,000,000 lei.According to the press release, since the beginning of the year and with caution in the last six months, Impact actions have doubled their value amid investors' reaction of interest to the company's announcements regarding the elaboration and start of the national development strategy, centered around the concept of sustainability. The most recent step in the implementation of the strategy was the decision of the Extraordinary General Assembly of Impact Shareholders to authorize the Board of Directors to increase the share capital of the company, through one or more issuances of ordinary actions, with a nominal value up to 193.75 million lei, within one year."I am glad to say that we have become a Romanian unicorn, which is not a small thing if we think that we are one of the few Romanian entrepreneurial companies that reach this benchmark. The optimism of investors makes me extremely confident that we will achieve and even exceed the announced objectives and the future ones. It is at the same time a proof that the efforts we constantly make to implement the best practices of corporate governance, to transform our business into a completely sustainable one, based on consideration to the environment and community development, are appreciated by investors", said Constantin Sebesanu, CEO of Impact Developer & Contractor.The immediate objective of Impact is to activate the development of 2,707 housing units at national level within the ensembles in Bucharest, Iasi and Constanta by the end of 2021.The real estate developer recorded revenues worth 68.9 million lei from the sale of houses in the first half of 2021, resulting in an increase of 5 pct compared to the same period of last year, according to a recent company release.With 30 years of experience on the market, Impact Developer & Contractor SA is the first real estate developer listed on the Bucharest Stock Exchange.
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
PPC blue Romania, the electric mobility division of the PPC group, announced the expansion of its national charging infrastructure through the acquisition of the Hermes Flow network, adding 116 new charging points for electric vehicles. Most are located in the Bucharest-Ilfov region, with the rest in 10 other counties. Once fully integrated, users will have […]
Developer Nusco announced on Thursday, November 27, that it has obtained the construction permit for Phase III of the Nusco City project, which will continue the development of one of the largest urban revitalization projects in Bucharest. Mirroring Phase II, this stage will consist of seven buildings with an estimated investment of over EUR 150 million. […]
Romanian tennis player Iulian Chiriță secured two medals at the ITTF World Youth Championships 2025 in Cluj-Napoca, after qualifying for the finals in the mixed and men’s doubles. In mixed doubles in the Under-19 juniors’ competition, Chiriță and Welsh player Anna Hursey defeated the French pair Flavien Coton/Leana Hochart 3-2 in the quarterfinals, and in […]
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
