Its profit plunged to RON5.4 million in 2022 and staff numbers decreased by almost 90 people over the last two years.

Company representatives did not return ZF daily’s call for comment on the business performance in 2022 and the plans for 2023.

Synergy Construct was established in 2001 by Turkish businessmen Savas Gunata and Huseyin Karali. The company is engrossed in projects in Romania, Turkiye, Georgia, Poland and Germany, where it has offices. Its head office is located in capital city Bucharest. The Romanian market accounts for 35% of the entire portfolio, being slightly overtaken by Hungary, in terms of weight, in line with data for 2020.