Romanian developer Impact Developer & Contractor has announced a new development strategy for 2026-2034, with a plan to build 7,870 homes across five projects that will have a gross development value of €1.61 billion.
Local residential developer Impact Developer & Contractor recorded a net individual profit of around €17 million in 2024, double compared to the previous year. At the group level, the consolidated net profit was €12 million, also double compared to 2023.
IMPACT had 333 pre-sold units in all projects as of September 30, 2024, with a total value of RON 193 million.
Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.
Power group Electrica has initiated the permitting process for 15 battery energy storage parks (BESS) with a combined capacity of approximately 1 GWh.
Romgaz, Romania's largest gas producer, has filed a direct action with the Court of Justice of the European Union against the European Commission, challenging what it views...
Cushman & Wakefield Echinox has announced the appointment of Gabriel Vințe as Business Development Manager within its Project & Development Services (PDS) department.
Romania recorded the EU's highest annual inflation rate in September 2025, reaching 8.6%, according to figures published by Eurostat.
Endava, the technology-driven business transformation group, has signed a Framework Agreement with the Authority for Digitalisation of Romania (ADR).