09.26.2016

Romanian real estate developer Impact Developer&Contractor (IMP.RO) said Monday it contracted a loan worth RON35 million from Libra Internet Bank, for a 48-month period, to finance the construction of more

08.24.2016

Real estate developer Impact, run by businessman Gheorghe Iaciu, has appointed Polish Bartosz Puzdrowski as Chief Executive Officer, effective September 1, for a three-year term. more

08.18.2016

Romanian real estate developer Impact Developer&Contractor (IMP.RO) will invest EUR44 million in developing the third stage of Greenfield Baneasa residential compound, the company said in a statement. more

08.12.2016

Romanian real estate developer Impact Developer&Contractor (IMP.RO) doubled its profit to RON13.7 million in the first six months on the backdrop of higher two-room apartment sales triggered by the more

07.29.2016

Romanian real estate developer Impact Developer & Contractor (IMP.RO) is contracting a mortgage loan from lender Banca Transilvania (TLV.RO), which will be used to finance real estate investments more

07.12.2016

Romanian real estate developer Impact Developer&Contractor (IMP.RO) closed over 300 contracts for the sale of apartments in Greenfield Baneasa residential compound in January-June, totaling EUR23.85 more

06.29.2016

Britain's leaving the European Union has no direct impact on the Romanian insurance market, Cornel Coca Constantinescu, vice-president of the Insurance Supervisory Authority (ASF), said Wednesday. more

06.28.2016

Britain's decision to quit the European Union affected the Romanian financial market less than the Chinese Stock Market turbulence in February this year, Citi Romania head, Tibor Pandi, said Tuesday. more

05.04.2016

The rise in gross minimum wage from 1,050 lei (EUR234) to RON1,250 per month as of May 1 will boost the disposable incomes of more than 1.6 million employees by about EUR600 million a year, according more

05.02.2016

The gross minimum wage in Romania will be raised to RON1,250 from the current RON1,050 as of May 1, 2016 and the measure will benefit some 1.1 million employees in Romania. more

11.19.2015

Romanian real estate developer Impact Developer&Contractor (IMP.RO) will borrow RON22.3 million (EUR5 million) from Banca Transilvania (TLV.RO), to develop real estate project Cartierul Salcamilor in more

10.07.2015

Real estate developer Impact Developer & Contractor (IMP.RO), controlled by businessman Gheorghe Iaciu, ended September with the highest sales volume so far, 87 apartments in the Greenfield complex in more

09.18.2015

Political events, such as the indictment of the Romanian Prime Minister as part of a corruption probe, have barely impacted the leu, which traded close to the lower boundary of the central bank’s more

08.05.2015

Grup Servicii Petroliere (GSP), the offshore drilling company of Constanta businessman Gabriel Comanescu, expects revenue to drop by more than 20% this year mainly because of the abrupt decline in oil more

08.03.2015

Romanian real estate developer Impact Developer&Contractor (IMP.RO) will invest almost EUR3 million in the construction of eight dwellings in Greenfield residential compound. more

04.08.2015

The planned lowering of the value added tax for all food products, including non-alcoholic drinks and restaurant services, to 9% from 24% currently, starting June 1, will be fully visible in shelf more

04.08.2015

The Romanian government estimates the VAT cut to 9% for food products will have an impact over the budget of 18.25 billion lei (EUR4.13 million) by 2018, covered by the additional revenues collected more

04.08.2015

In a surprise move, the Romanian government announced a value added tax cut to 9% from 24% as of June 1 not only for staple foods, but also for all agri-food products, non-alcoholic beverages and more

02.08.2015

Romanian real estate developer Impact Developer&Contractor (IMP.RO) had a net profit of 4.1 million lei (EUR923,000) in 2014, from a loss of RON42.46 million in 2013, due to gains from asset more

12.18.2014

Impact Developer&Contractor, controlled by businessman Gheorghe Iaciu, contracted two loans, totaling RON18 million (EUR4 million), from lender Banca Transilvania (TLV.RO) to develop Greenfield 2 more

11.06.2014

Impact Developer&Contractor, controlled by businessman Gheorghe Iaciu, is launching the second phase of its Greenfield residential project in northern Bucharest, which consists of nine apartment more

10.28.2014

Impact Developer & Contractor (IMP.RO), a real estate company controlled by businessman Gheorghe Iaciu, has built nine five-story apartment buildings in the Greenfield residential complex in Baneasa, more

10.01.2014

Romanian realty developer Impact Developer&Contractor (IMP.RO) plans to develop over 1,000 apartments on a 26,000-sqm land plot located in the Barbu Vacarescu area, in capital Bucharest, the more

09.17.2014

Romania’s Finance Ministry estimates the cut in the value added tax on bread to 9% from 24% starting September 1, 2013 led to a decline of RON300 million in tax evasion, while the association of more

08.28.2014

Although the Romanian economy has posted growth over the last 18 months, consumers have felt no impact, according to a survey by market research company GfK, and expectations regarding the economy, more