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.
Romania will remain a staunch ally in NATO while focusing on defense investments, newly-elected president Nicușor Dan said after a call with NATO secretary general Mark Rutte. “Romania will continue to be a staunch ally. At the same time, we count on @NATO to deliver ironclad security for Romania. We will focus on defense investments […]
The central Romania city of Brașov will turn into the third entry point to the long-distance trail Via Transilvanica, after Putna and Drobeta Turnu Severin, according to Biz Brașov. The trail, which spans some 1,400 km at the moment, starts in the northern Romania region of Bucovina, at Putna, crosses Transylvania, and ends at Drobeta […]
The European Commission has revised down its economic forecast for Romania, predicting a modest GDP growth of just 1.4% in 2025 - below the 2.5% projected in its previous autumn outlook. The updated Spring Forecast also anticipates a slight recovery to 2.2% in 2026, but warns that economic momentum could be constrained by rising uncertainty […]
The Ministry of Culture announced on Monday, May 19, that it signed a financing contract for the ePatrimoniu project, a major initiative aimed at digitizing Romania’s cultural heritage and making it more accessible to the public. Backed by over EUR 24 million in funding, the project is set to create a digital platform that centralizes […]
Turnover reached approximately EUR 23 million in 2024. The EPC division generated 90% of the company’s revenue last year. In 2025, Enexus aims to exceed 600 MW of total installed renewable energy capacity Enexus, an integrated EPC company specialized in fast execution of mid to large-size photovoltaic projects with storage capabilities, announces...
Nicușor Dan, a mathematician and civic activist turned politician and mayor of Bucharest, made history by becoming Romania's new president as an independent candidate, securing 53.6% of the vote in a landmark election. His victory over far-right contender George Simion signals a renewed commitment among Romanian...
