IMPACT
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Dragoi: Public Sector Wage Restoration Would Need RON2B Yearly
A 16% increase in public sector wages starting June would have an impact of 2 billion lei (EUR459 million) per year, Romania’s Finance Minister Bogdan Dragoi said Friday.
Nokia’s Departure Causes Chain Reaction In Romanian Economy
Nokia's departure was one of the worst news of 2011, as Romania loses one of its largest exporters and a major temporary work provider. But the worst may be yet to come.
Impact Developer&Contractor 9-Mo Loss Doubles To RON14.3M
Romanian realty developer Impact, owned by businessman Dan Ioan Popp, registered a loss of 14.3 million lei (EUR3.4 million) in the first nine months, more than double the RON6.7 million los...
Impact To Slash Share Capital By RON2.1M
The shareholders of realty developer Impact (IMP.RO) agreed to cut the company’s share capital by 2.1 million lei (EUR485,000), to RON197.8 million, by cancelling shares bought back in previ...
Impact Developer&Contractor Considers Shrinking Share Capital
The managing board of realty developer Impact (IMP.RO) proposed the diminishing of share capital by 2.1 million lei (EUR500,000), to RON197.8 million, by cancelling shares bought back over t...
Popp, Impact: Had Banks Been Willing To Lend, They Would Have Eased Up Terms
Dan Ioan Popp, founder and main shareholder in real estate developer Impact Bucuresti (IMP.RO), said apartment sales are stalling and the market has not thawed up yet, with the reasons for t...
Plots Worth A Total EUR6.8B For Sale In, Around Bucharest
Plots sold in the metropolitan area of Bucharest cost a total EUR6.8 billion and they cumulate a surface of 6,600 hectares, according to a survey by realty developer Impact Developer & Contr...
Impact Developer&Contractor Brushes Off Insolvency Claims
Romanian realty developer Impact Developer&Contractor (IMP.RO) on Friday said it has cleared the insolvency claims it was facing, through a final and binding decision rendered Thursday by th...
Impact Developer&Contractor Expects RON8.7M Net Loss In 2011
Romanian property developer Impact Developer & Contractor (IMP.RO) expects a net loss of 8.7 million lei (EUR1=RON4.091) this year, narrower than the loss of RON17.5 million reported for 201...