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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

BVB-listed developer Impact gets EUR 10.6 mln loan from CEC Bank

Impact Developer & Contractor (IMP), listed on the Bucharest Stock Exchange (BVB), announced on May 27 that it had secured two lines of financing for real estate development from CEC Bank - Constanța branch.

Their total value is about EUR 10.6 mln, making them one of the largest amounts granted so far to a developer on the residential market in the Black Sea coast city.

The money will be used to complete the first phase of the Boreal Plus project. The developer will deliver this August the 18 villas part of the Boreal Plus complex and continue the construction of the first 209 apartments in the Constanța-based project. The villas are built sustainably, using solutions with low environmental impact and high efficiency for residents for the entire life cycle of the construction.

“The concept of Boreal Plus replicates the development model that we have successfully implemented in our projects in Bucharest,” says Tinu Sebeșanu, CEO of Impact Developer & Contractor.

The complex will feature 673 apartments and has a value of EUR 89 million. It will be delivered in three phases and should become fully operational in 2024.

Impact is listed on the Bucharest Stock Exchange and has a market capitalization of EUR 158 mln. Its majority shareholder is local investor Gheorghe Iaciu with a 59.4% stake.

andrei@romania-insider.com

(Photo source: the company)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

BVB-listed developer Impact gets EUR 10.6 mln loan from CEC Bank

Impact Developer & Contractor (IMP), listed on the Bucharest Stock Exchange (BVB), announced on May 27 that it had secured two lines of financing for real estate development from CEC Bank - Constanța branch.

Their total value is about EUR 10.6 mln, making them one of the largest amounts granted so far to a developer on the residential market in the Black Sea coast city.

The money will be used to complete the first phase of the Boreal Plus project. The developer will deliver this August the 18 villas part of the Boreal Plus complex and continue the construction of the first 209 apartments in the Constanța-based project. The villas are built sustainably, using solutions with low environmental impact and high efficiency for residents for the entire life cycle of the construction.

“The concept of Boreal Plus replicates the development model that we have successfully implemented in our projects in Bucharest,” says Tinu Sebeșanu, CEO of Impact Developer & Contractor.

The complex will feature 673 apartments and has a value of EUR 89 million. It will be delivered in three phases and should become fully operational in 2024.

Impact is listed on the Bucharest Stock Exchange and has a market capitalization of EUR 158 mln. Its majority shareholder is local investor Gheorghe Iaciu with a 59.4% stake.

andrei@romania-insider.com

(Photo source: the company)

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