Category: Uncategorized

Romanian long-distance swimmer Avram Iancu announced that he has been officially recognized as the first person in the world to complete the “Triple Crown of Rivers Stage Swims Challenge,” after covering more than 4,400 kilometers across Europe’s major waterways without a wetsuit. The World Open Water Swimming Federation (WOWSA) ratified the achievement this week, confirming…

Private equity firms Bain Capital and Cinven announced that they signed a definitive agreement to sell a majority stake in Stada Arzneimittel AG to CapVest Partners LLP. Bain Capital and Cinven acquired Stada in 2017. During their ownership, Cinven and Bain Capital supported Stada to execute more than 25 targeted acquisitions, expanding its footprint across Europe…

Logistics real estate developer WDP has signed a major agreement with Dutch non-food discounter Action to develop a 54,000 sqm sustainable distribution center at WDP Park Bucharest – Ștefănești. The deal confirms the long-term partnership announced earlier this year and represents an investment of around EUR 40 million. Construction of the facility is scheduled to…

DIY retailer Hornbach announced the opening of its fourth store in Bucharest, the tenth in the company’s local network, following a EUR 48 million investment. The amount also includes the initial stock of goods. The store, located in the Colentina neighborhood of Bucharest, is built on a plot of land with an area of ​​over…

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, announces its intention to launch a Public Tender Offer (“PTO”) programme for the repurchasing of its own shares. A Public Tender Offer is a mechanism through which a listed company offers to buy back shares directly from its shareholders, at…

The PPC Group has unveiled its first Power BOX in Romania, a fast-charging station for electric vehicles powered entirely by renewable energy from a photovoltaic park. The solution is available free of charge to all electric vehicle users, the company said. Located near Uzunu in Giurgiu county, the new PPC blue Power BOX combines a…

Developer Homing Properties has appointed Mantor General Contractor to start the construction works on its luxury residential project, Homing Village, located in Pipera, close to Bucharest. The first phase of the project consists of 33 villas, representing 23.5% of the total development and an investment of EUR 14 million out of the EUR 60 million…

Romania’s main education unions announced they will boycott the start of the school year on September 8 and stage protests in Bucharest against austerity measures introduced under Law 141/2025, legislated in July. The budgetary impact of the measures is estimated at around EUR 70 million, indicating an annual impact of just over EUR 200 million per…

The Secretary General of the Social Democratic Party (PSD) and an influential regional leader of the party, Paul Stănescu, reportedly said at the party leadership meeting on September 1 that “it is only a matter of time” until the Social Democrats leave the government, according to Digi24.  “It is only a matter of time until…

Prime minister Ilie Bolojan threatened to resign from office unless the ruling coalition backs a significant reduction of the local administration staff, according to sources consulted by G4media.ro. Bolojan conditioned his stay in office on the adoption of a reform in local administration that would lead to the dismissal of at least 17,000 civil servants…