IMPACT
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Cheap Oil Hurts Grup Servicii Petroliere’s Business
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 decl...
Impact Invests EUR3M In Greenfield Residential Compound
Romanian real estate developer Impact Developer&Contractor (IMP.RO) will invest almost EUR3 million in the construction of eight dwellings in Greenfield residential compound.
Large Retailers In Romania Say Shelf Prices Will Reflect VAT Cut
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...
Impact Over The Budget Of VAT Cut At RON18.25B By 2018
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 c...
VAT Cut To Leave Consumers With RON5B Disposable Income If Retailers Cut Prices, Too
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 beverage...
Impact Posts Net Profit Of RON4M In 2014, Vs Loss Of RON42.4M A Year Ago
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...
Impact Borrows RON18M From Banca Transilvania
Impact Developer&Contractor, controlled by businessman Gheorghe Iaciu, contracted two loans, totaling RON18 million (EUR4 million), from lender Banca Transilvania (TLV.RO) to develop Greenfi...
Impact To Deliver 3 New Apartment Buildings In Greenfield Project In Dec, 6 Others In Feb
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 apart...
Impact Builds Nine Apartment Buildings In Baneasa, Wants To Start Work On Nine More
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...