Concelex eyes 70% revenue growth in 2026

Business Forum
Romanian construction company Concelex recorded revenues of RON 1.48 billion (€296 million) in 2025, representing a 17 per cent increase compared to the previous year. The company's net profit rose by 33 per cent year-on-year to RON 202 million (€40.4 million). This growth was driven by a portfolio of ongoing projects in the energy, infrastructure, healthcare, and education sectors, alongside newly secured contracts.

The total value of contracts signed by the company in 2025 reached approximately RON 7.7 billion (€1.54 billion). Key consortium projects secured include the construction of the Craiova Regional Emergency Hospital, valued at RON 1.87 billion (€374 million), and the Timişoara Regional Institute of Oncology, a contract worth RON 840 million (€168 million). The company also secured a RON 213.7 million (€42.74 million) contract for the expansion of the Dry Storage Facility at the Cernavodă Nuclear Power Plant.

Radu Piţurlea, Chairman & CEO at Concelex, said: "Despite a year marked by economic and geopolitical volatility and unfavourable conditions for the construction market, we recorded healthy growth. We are confident that, once Romania's macroeconomic imbalances are corrected, the country's economy will return to a solid trajectory."

Concelex has budgeted for 2026 revenues to exceed 2025 levels by more than 70 per cent. This target is supported by the accelerated implementation of projects ahead of the National Recovery and Resilience Plan (PNRR) completion deadlines, as well as contracts secured during the first half of the year.

Among these recent developments, Korea Hydro & Nuclear Power (KHNP) selected Concelex for a RON 253.5 million (€50.7 million) contract tied to the refurbishment of Unit 1 at the Cernavodă Nuclear Power Plant. Additionally, the company is part of the consortium designated as the winning bidder for the RON 4.38 billion extension of Bucharest Metro Line M4 along the Eroii Revoluţiei to Gara Progresul section. Other recently won tenders include the RON 109 million (€21.8 million) rehabilitation of the Bucur Obor overpass and urban regeneration works on the Crasna River promenade in Şimleu Silvaniei.

RECOMMENDED
Bucharest office fit-out, among the most affordable in CEE
Real estate

Bucharest office fit-out, among the most affordable in CEE

The average total office fit-out costs in Bucharest increased slightly in 2025 to around €1,000 per sqm, according to data from Cushman & Wakefield Echinox. However, Bucharest remains one of the most affordable markets in CEE, with fit-out costs 18% and 15% lower than in Warsaw and Prague, respectively.

Romanias construction volume close to new record in 2025
Real estate

Romania's construction volume close to new record in 2025

Romania's construction market reached near-record levels in 2025, with work volumes growing almost 8% in the first eleven months compared to the previous year, according to Colliers' annual report. The sector now represents 9% of GDP, the highest share in the European Union and well above the 5% EU average.

Globalworth starts new office development in Bucharest
Real estate

Globalworth starts new office development in Bucharest

Globalworth Romania has begun construction of Green Court D, the fourth building in the Green Court complex in Bucharest's Aurel Vlaicu area. The project is scheduled for completion in 2027 and is currently in the preliminary construction stage involving enclosure and basement excavations.

Romania leads Europe in construction with 8% GDP share
Real estate

Romania leads Europe in construction with 8% GDP share

Romania's construction sector represents nearly 8% of GDP in the past four quarters, the highest share in the European Union, according to Eurostat data analysed by Colliers. This level significantly exceeds the EU-27 average of 5% and confirms construction's growing importance in the local economy. Romania also recorded the second-fastest post-pandemic growth in construction activity within the EU.

FDI in Romanian real estate triples in past decade
Real estate

FDI in Romanian real estate triples in past decade

Foreign direct investments (FDI) in Romania's real estate and construction sector more than tripled between 2014 and 2024, increasing by €15.1 billion to reach €21.6 billion by the end of last year. The sector's share of total FDI stock rose from 10.6% to 17.3%, according to National Bank of Romania (BNR) data analyzed by Cushman & Wakefield Echinox.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.